16.
1

18.
19.
20.

21.
22.
23.

24.

25.

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2 C 41291

Section B

Short Essay / paragraph Questions. Maximum marks in this section is 35.
Students can attempt all questions. Each question carries a maximum of 5 marks

How do you find the limit and continuity of a function ?

Assume that you have been given dice and a pack of 52 cards. You have to throw a dice and then
you have to pick up a card. What is the probability that you picked up a red card and threw 6 on
the dice ?

How do you know if events are mutually exclusive in probability ?
Explain time series analysis. What are the components of time series analysis ?
Explain economic application of derivatives. Assume that the total cost (C) and the total revenue
(R) functions of a firm are given by C =5q? +10 and R=- 2q? + 6q. Find the output level (g) at
which the profit is maximum.
Explain Marshall-Edgeworth and Kelley’s Methods of index number.
Prepare a note on any four types of vital statistics.
Differentiate between mutually exclusive and collectively exhaustive events ?
Section C

Long Essay Questions.
Answer any two questions.
Each question carries a maximum of 10 marks.

Explain Maxima and minima of functions, Find out the minimum and maximum values of :
Z=8X3 + 2XY—-8X? + 2 + 1.

What are the Uses of Index Numbers ? Compute (i) Laspeyre’s ; (ii) Paasche’s ; and (iii) Fisher’s
index number for the following data :

Price Quantity

50
120
60
25

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