$4.$ Explain the concept of correlation in quantitative methods and its significance in understanding the interdependence between variables in a business context! $[10]$

$5.$ How do businesses use probability theory to assess and manage risk in various operational and strategic scenarios? $[10]$

$6.$ What are the key principles behind linear programming, and how can it be employed to optimize resource allocation and maximize profits in business management? $[10]$

$7.$ Discuss the importance of data visualization techniques in conveying quantitative information to stakeholders for informed decision$-$making! $[10]$

$8.$ How can Monte Carlo simulation be applied in business and management to model uncertainties and assess the potential outcomes of different scenarios? $[10]$

$9.$ Explain the concept of cost$-$benefit analysis and how it is utilized in business decision$-$making to evaluate the economic feasibility of projects or investments! $[10]$

$10.$ What role does inferential statistics play in drawing generalizations about a population based on a sample, and how is it applied in business research and analysis? $[10]$