GOVT.

COLLEGE OF SCIENCE WAHDAT ROAD LAHORE

Name of Professor: Shahid Iqbal
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Name of Class: BS 4 Year Program (Economics)

Subject: STAT- I

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The following figures represent the ages of a sample of male employees of a firm: 35 44 54 33 46 20 32 19 50 39 33 37 42 40 20 25 34 52 27 22 18 40 23 17 41 45 21 34 49 27 60 46 32 58 23 52 24 64 41 47 54 37 40 41 40 36 46 29 34 39 39 40 37 50 41 34 47 34 45 36 a) Construct a stem-and-leaf diagram with this data. b) Form a grouped frequency distribution, using 10 year intervals. c) Construct a histogram to illustrate the distribution of the data and add a frequency polygon and curve to your histogram. d) Calculate 1, 2 of the data and discuss its symmetry/skewness and kurtosis. The data below represent the prices, ($), charged by 48 retail outlets for a particular model of microwave oven: 144 142 141 148 149 136 138 139 149 137 126 132 145 141 120 141 150 154 128 113 110 135 123 121 152 123 134 149 136 162 136 140 115 129 145 122 123 130 138 127 131 135 158 147 157 120 147 164 a) Draw a stem-and leaf plot to represent the data. b) Calculate the Bowleys and Pearsons coefficients of skewness to discuss symmetry and 2 to discuss kurtosis. c) Draw up a frequency distribution with the intervals 110 and under 120, etc. d) Produce a histogram for the grouped data and estimate the mode from the histogram. (Ignore the modes from the data.) e) Draw up a ogive and calculate median via ogive and compare with numerically calculated result. f) From this estimate the quartiles, inter-quartile range and semi inter-quartile range. g) Estimate the percentage of outlets which sold above the recommended retail price of $148. On a particular day the length of stay of each car at a city car park was recorded, with the time being noted to the nearest minute. The results are shown below: Length of stay (min) 6-25 26-60 61-80 81-105 106-115 116-150 151-200 201-300 Frequency 62 70 88 125 56 105 30 15 a. Produce a frequency histogram polygon and curve for the data and describe skewness. b. Estimate the modal time of stay from the histogram. Also, draw box plot and discuss dispersion and skewness c. Draw up a cumulative frequency distribution and plot an ogive and calculate median graphically and the inter-quartile range. d. Check the empirical relation for moderately skewed distributions relating mean, median and mode and discuss symmetry. e. Estimate the A.M. and G.M and H.M. to validate the empirical relation for frequency of the times stayed in the car park.

4. A trainee manager wondered whether the length of time his trainees revised for an examination had any effect on the marks they scored in the examination. Before the exam, he asked a random sample of them to honestly estimate how long, to the nearest hour, they had spent revising. After the examination he investigated the relationship between the two variables. Trainee A B C D E F G H I J Revision time 4 9 10 14 4 7 12 22 1 17 Exam mark 31 58 65 73 37 44 60 91 21 84 a) Plot the scatter diagram in order to inspect the data. b) Calculate the correlation coefficient and guess its significance. c) If significant, calculate the regression model to fit the data. d) Plot the regression line on the scatter diagram. e) Predict the examination mark for a trainee who revises for 15 hours. f) Predict the examination mark for a trainee who revises for 35 hours. g) Do you have any reservations about your answer to (f)? 5. A company buys different quantities of four products at different prices over two years as given in the table below: Weight of product bought (tonnes) Price paid per kg Products Year 1 Year 2 Year 3 Year 1 Year 2 Year 3 A 32 28 30 0.020 0.022 0.024 B 67 57 50 0.045 0.035 0.030 C 65 80 90 0.035 0.039 0.041 D 34 29 25 0.019 0.020 0.023 a) Find the simple price index for each of the products for year 2 using year 1 as the base year: b) Find the simple aggregate index for years 2 and 3 using year 1 as the base year: c) Find the base-weighted aggregate index, for years 2 and 3 using year 1 as the base year. d) Find the current period-weighted aggregate index, for years 2 and 3 using year 1 as the base year. e) Find the Fisher index, for years 2 and 3 using year 1 as the base year. f) Find the percentage increase/decrease between consecutive years for each index found in b to e g) Which of the index you think is better capturing the percentage increase/decrease and why?