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Business Statistics V2

ASSIGNMENT A

1. Define time series. Describe moving average method.

2 . What do you mean by Primary & Secondary data. What are the methods to
collect them ?

3 . What is a Hypothesis ? Write the procedure for testing a Hypothesis.

4 . What is the diffrence between census & sample survey. Write steps in
sampling design.

5 . A biased coin is tossed 6 times. The probability of heads on any toss is

0.3. Let X denote the number of heads that come up. Calculate: (i) P(X = 3) (ii)
P(1 < X = 5)

6 . The number of calls coming per minute into a hotels reservation center
is Poisson random variable with mean 3. Find the probability that no calls come in
a given 1 minute period.

ASSIGNMENT B

CASE STUDY

Case Detail :

The length of life of an instrument produced by a machine has a normal ditribution

with a mean of 12 months and standard deviation of 2 months. Find the probability
that an instrument produced by this machine will last

Q1.

between 7 and 12 months.

Q2.

less than 7 months.

Q3.

more than 5 months but less than 10 months

ASSIGNMENT C
1.The mean age of combined group of men and women is 25 years. If the mean age of
group of men is 26 and that of group of women is 21, then percentage of men and
women in the group respectively is:

Options

60,40

80,20

30,70

50,50

2.What is the weighted mean of first 10 natural numbers whose weights are equal to
the corresponding number?

Options

5,5

4,5

3.Sum of mode and median of the data

Options

26

31

28

41

4.The mean of 9 observations is 16. One more observation is included and the new
mean becomes 17. The 10th observation is

Options

18

30

26

5 Given third quartile is 80 & first quartile is 20 then semi-inter quartile range
is

Options
 100

60

30

40

6.Given third quartile is 100 & first quartile is 25 then coefficient of Quartile
Deviation

Options

75

0.6

125

7.Given mean is 45 & standard deviation is 15 then coefficient of variation is

Options

30

33.33
 34

33

8.Given, covariance of (x ,y )=10 variance of x =49,variance of y

=100,correlation between x and y is

Options

5/8

7/8

1/3

1/7

9.Coefficient of non-determination is

Options

1-r2

r2 -1

r2
 1+ r2

10.In binomial probability distribution, the dependents of standard deviations must

includes

Options

probability of q

probability of p

Trials

all options

11,The formula to calculate standardized normal random variable is

Options

x + � / s

x - � / s

x - s / �

x + s / �
12.In binomial distribution, the formula of calculating standard deviation is

Options

square root of p

square root of pq

square root of npq

square root of np

13.The tail or head, the one or zero and the girl and boy are examples of

Options

non functional events

complementary events

non complementary events

functional events

14.The method of calculating skewness which is based on the positions of quartiles

and median in a distribution is called
Options

Gary's coefficient of skewness

Sharma's coefficient of skewness

Bowley's coefficient of skewness

Jack Karl's coefficient of skewness

15.The median of a moderately skewed distribution is 8, third quartile is 12, first

quartile is 8 and inter-quartile range is 4 then relative coefficient of skewness
is

Options

�8

�1

�9

�11

16.The kurtosis defines the peakness of the curve in the region which is

Options
 around the mode

around the mean

around the median

around the variance

17.In measures of skewness, the absolute skewness is equal to

Options

mean+mode

mean-mode

mean+median

mean-median

18.If for a distribution the difference of first quartile and median is less than
difference of median and third quartile then the distribution is classified as

Options

negatively skewed

not skewed at all

 absolute open ended

positively skewed

19.The three times of difference between mean and median is divided by standard
deviation to calculate coefficient of skewness by method of

Options

Professor Keller

Professor Kelly

Karl Pearson

Professor Bowley

20.If the standard deviation of the population is 35 and the sample size is 9 then
the standard deviation of sampling distribution is

Options

12.67

11.67

13.67
 14.67

________________________________________

21.In statistical analysis, the sample size is considered large if

Options

n > or = 30

n < or = 30

n > or = 40

n < or = 50

22.If the mean of population is 25 then the mean of sampling distribution is

Options

50

25

30

20
23.The standard deviation of a sampling distribution is also classified as

Options

standard error

statistic error

sampling error

probability error

24.In sampling distribution, the formula of calculating standard deviation of

sample proportion is as

Options

square root of pqn / p

square root of pn / q

square root of nq / p

square root of pq / n

25.The numerical methods and graphical methods are specialized procedures used in
Options

social statistics

education statistics

descriptive statistics

business statistics

26.The focus groups, individual respondents and panels of respondents are

classified as

Options

pointed data sources

itemized data sources

secondary data sources

primary data sources

27.The collection of all the elements such as group of variables for research is
classified as

Options
 statistical process

population

data

marginal error

28.In linear programming, the constraints can be represented by

Options

equalities

inequalities

ratios

both 1 and 2

29.The feasible region's optimal solution for a linear objective function always
includes

Options

downward point
 upward point

corner point

front point

30.The objective of linear programming for an objective function is to

Options

subset or proper set modeling

maximize or minimize

row or column modeling

adjacent modeling

31.In linear programming, the objective function and objective constraints are

Options

quadratic

solved

linear
 adjacent

32.In maximization problem, the optimal solution occurring at the corner point
yields the

Options

mean values of z

mid values of z

lowest value of z

highest value of z

33.If the arithmetic mean is multiplied to coefficient of variation then the

resulting value is classified as

Options

coefficient of deviation

coefficient of mean

standard deviation

variance
34.The formula of coefficient of range is

Options

L+L / H+H

H+l / H-L

H-L / H+L

H+H / L+L

35.Considering the standard deviation, the mean absolute deviation is equal to

Options

5/4 s

7/8 s

5/8 s

4/5 s

36.The sum of highest and lowest value is 80 and the coefficient of range is 0.625
then the difference between highest and lowest value is
Options

50

70

80

48

37.The value of third quartile is 61 and inter quartile range of the set of
observation is 48 then value of first quartile is

Options

24

34

64

13

38.Which is the best method to find trend

Options
 free hand

least square

moving average

semi average

39.Components of time series are

Options

T,S,C.I

T,S.P.I

T,C,S,P

T,I,C.P

40.Regression lines intersect at

Options

mean values

median
 mode

correlation

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