Bangladesh University of Business and Technology Course Title: Business Statistics Chapter-Measures of Dispersion Course Teacher: S.M.

Nasim Azad
Proble m1.In two factories A and B engaged in the same industry, the average weekly wages and standard deviations are as follows: Factory Average Weekly Wages (Rs) 460 490 S.D of Wages (Rs.) 50 40 No. of wages Earners 100 80

A B

i) Which factory A or B pays larger amount as weekly wages? ii) Which factory shows greater variability in the distribution of wages? [Factory A=46000, Factory B=39200; C.VA=10.87%, C.VB =8.16%] Proble m2 The following table gives the fluctuations in the prices of shares of two companies A and B. Find out which of them shows greater variability. Comment on the result. Price (in Tk.) Shares A 318 322 325 312 324 315 308 319 [Shares A: C.V=1.75%; Shares B: C.V=0.39%] Proble m3 Two cricketers (Lara and Tendulkar) scored the following runs in the several innings. Find who better run getter is and who is more consistent player is. Lara: 42 Tendulkar: 28 17 70 83 31 59 0 72 59 76 108 64 82 45 14 40 3 32 95 Shares B 2542 2522 2534 2532 2545 2530 2556 2530

[Lara: Mean=53 runs and C.V=37.92%: Tendulkar: Mean=49 and C.V=75.63%]

Proble m4. Following are the marks obtained by two students A and B in 10 tests of 100 marks each: Tests 1 Marks obtained by A: 44 Marks obtained by B: 48 2 80 75 3 76 54 4 48 60 5 52 63 6 72 69 7 68 72 8 56 51 9 10 60 54 57 66

If the consistency of performance is the criterion for awarding a prize who should get the prize? [C.VA=19.19% and C.VB =14.02%] Proble m5. A lecturer who teaches Business Statistics at BUBT randomly selects test scores from two different sections of the same course and reports that the average grade in both classes is 70.Look carefully at the data that follows: 9th Intake Section-I 9th Intake Section-II 72 50 68 60 70 70 74 80 66 90

Find range, standard deviation for both classes. Which section result is better? Proble m6.
There are a number of possible meas ures of sales performance, including how consistent a sales pers on is, in meeting established sales goals. The following data represent the percent age of goal meet by each of three sales persons over the last five years Raman Sindhu 88 76 68 88 89 90 92 86 103 79

Find range, standard deviation for both salesmen? Which salesman is more consistent?

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