1. What is meant by secondary data? What are the major sources of secondary data in the case of hospitality industry? What are the limitations of secondary data

2.(a) Define mean, median and mode in the case of grouped data. Calculate mean, median and mode from the following: <img src='./qimages/12176-2b.jpg'>

3. Differentiate between central tendency and Dispersion. Explain the important measures of central tendency.

4. What are the advantages of diagrammatic representation? Explain in brief how data can be represented in various types of diagrams.

5. Write short notes on any two of the following: Correlation coefficient Standard deviation Sampling types

6. Explain the steps you will follow while designing a feasibility study in the hospitality sector.

7. What is meant by monopoly market? How does a monopoly achieve equilibrium

8. What is meant by balance of payments? What are its components

9. Explain with the help of supply and demand curve how price is determined. What are the factors that influence supply and demand curves?

10. Write short notes on any two of the following: Opportunity Cost Implicit Cost Marginal Cost