GM03

Business Statistics
Assignment - I
Assignment Code: 2014GM03B1 Last Date of
Submission: 1
t!
"ctobe# 2014
Ma$imum Ma#%s: 100
Attempt all the questions. All the questions are compulsory and carry equal
marks.
Section-A
1& Prof. Hardtack gave four Friday quizzes last semester in his 10-student
senior tax accounting class as follows
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a* Find the mean+ median+ mode for each quiz.
,* -ased on the results o,tained in .a* a,ove+ indicate the measure
of central
tendency you would like to use for each of the quizzes with
reasons.
2& / ,iometric security devise using 0nger1rints erroneously refuses to
admit 1 in 1000 authorized 1ersons from a facility containing classi0ed
information. 2he device will erroneously admit 1 in 10+00+000 unauthorized
1ersons. /ssume that (&3 of those who seek access are authorized. 4f the
alarm goes o5 and a 1erson is refused admission+ what is the 1ro,a,ility
that really authorized6
3& 7u11ose the waiting time to get food after 1lacing an order at a fast-
food restaurant is ex1onentially distri,uted with a mean of "0 seconds.
4f a randomly selected customer orders food at the restaurant+ what is the
1ro,a,ility that the customer will have to wait at least two minutes6
GM03'(u)* 2014 +age 1'
4& / family has two children 8 one male child and the other a female child.
-oth the children are grown u1 and their daily ex1enditure is ,elieved to
,e normally distri,uted with a mean of 9s.'0 and 9s."0 for the male
and the female child with standard deviation of 9s.)0 and 9s.10 res1ectively.
Find the 1ro,a,ility that the two child together have an ex1enditure of
more than 9s. 1"0.

Section-B
Case Stud*
/ car manufacturer who is 1roducing cars at the rate of %000 cars a month
requires to 1rocure ignition equi1ment from vendors. 2he com1any has a
1olicy of 1lacing orders for 1)000 ignition equi1ment every time they order.
2he vendor has indicated that $ 3 of the ignition equi1ment is likely to ,e
faulty in each shi1ment. 7ince it is not 1ossi,le to test each and every
ignition equi1ment ,y the car manufacturer+ the manufacturer decides to
randomly sam1le )00 ignition equi1ment and if more than ) of them are
found to ,e defective the entire ,atch of order shall ,e returned ,ack.
Case ,uestions:
a- :hat sam1ling method would you suggest for the car manufacturer6
b- :hat is the 1ro,a,ility that the ,atch will ,e returned ,ack to the
vendor.
GM03'(u)* 2014 +age 2'
GM03
Business Statistics
Assignment - II
Assignment Code: 2014GM03B2 Last Date of
Submission: 1
t!
.o/embe# 2014
Ma$imum Ma#%s: 100
Attempt all the questions. All the questions are compulsory and carry equal
marks.
Section-A
1& ;ast year television stations :<=>?s share of the 111m news audience
was a11roximately equal to )&3. 2he station?s management ,elieves that
the current audience share is higher than last years )&3 0gure. 4n an
attem1t to su,stantiate this ,elief+ the station surveyed %00 111m viewers
and found that 1%" watched :<=>. 7et u1 the null and alternative
hy1othesis and test the same at &3 level of signi0cance. :hat is your
conclusion6
2& / retailer that sells home entertainment systems accumulated 10%&1
sales invoices during the 1revious year. 2he total of the sales amount on
these invoices as claimed ,y the com1any is 9s."$+'%+"#&. 4n order to
estimate the true total sales for last year+ an inde1endent auditor
randomly selects $&0 of the invoices and determines the actual sales
amounts ,y contacting the 1urchasers. 2he mean and standard deviation of
the $&0 sam1les sales amounts are 9s. &$) and standard deviation 1"'.
Find the 1oint and interval estimate given that a (&3 con0dence is
required. @o you think that the sales invoice claimed ,y the com1any
are correct6
3& Ane of the questions on the -usiness :eek su,scri,er study was+ B4n
the 1ast 1) months when travelling for ,usiness+ what ty1e of airline
ticket did you 1urchase most oftenC. 2he data o,tained are shown in the
following ta,le.
0*1e of 2)ig!t
2y1e of 2icket @omestic
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Dights
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-usiness F Gxecutive
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Fcoach class
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GM03'(u)* 2014 +age 3'
-ased on the a,ove can it ,e concluded that ty1e of ticket is
de1endent on the ty1e of Dight taken. Hse &3 level of signi0cance.
GM03'(u)* 2014 +age 4'
4& 2o study the e5ect of tem1erature on yield in a chemical 1rocess+ 0ve
,atches were 1roduced at each of three tem1erature levels. 2he results
follow. Eonstruct an analysis of variance ta,le. Hse a &3 level of
signi0cance to test whether the tem1erature level has an e5ect on the
mean yield of the 1rocess.
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S4C0I".-B
Case Stud*
/ research 1roIect was undertaken to determine if there is a relationshi1
,etween the years of ex1erience on the Io, ./* and eJciency rating of
em1loyees .-*. 2he o,Iective of the study was to 1redict the eJciency rating
of the em1loyee. 2he sam1le results are as follows
3ea#s of (ob
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#ating 5B-
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a* :hich varia,le is the de1endent varia,le6
,* Find if there is correlation ,etween the two varia,les and test the
correlation coeJcient. .use &3 level of ty1e 4 error*
c* Gstimate the linear regression model. @o you think that the regression
coeJcient would ,e signi0cant at &3 level of signi0cance6 Kive reasons.
d* @o you think the overall regression model would ,e signi0cant6 Kive
reasons.
GM03'(u)* 2014 +age '