Mid-Term Examination October 2016

BACHELOR OF BUSINESS ADMINISTRATION

(I Semester)
Business Statistics (Module Code Stat 211)
Date

: . 2016

Time

: ..

Sta
t
211

Duration: 2hrs
Max. Marks: 100

Module Lecturer:
Students Name: .
Instructions given to candidates:

1. This paper contains SIX (6) questions. You are to answer any FOUR (4)
questions. Question number ONE is compulsory Carries 40
marks. Other questions carry 20 Marks.
2. Answers should be written on the answer sheet given out.
3. Answer each question on a new page.
4. No materials are to be removed from the Examination Room. Attached the
question paper to the answer scripts at the end of the Examination.
5. This examination represents 25% of the final mark.
(Examiner & Moderator)
Circle the question numbers attempted below:
Question No.:

Q1

Q2

Q3

Q4

Q5

Q6

Q7

Q8

Total

Agreed
Marks

20

20

20

20

20

20

20

100

100

Examiner (score)
Moderator (score)
Marks Attainable:

40

Examiner: __________

Invigilator: _________

Moderator: _________

Signature: _________

1. A sample of 30 homes sold during the past year by Mongolian Realty Company
was selected for study. (Selling price is reported in thousands of dollars.)
Organize these data into a frequency distribution and interpret your results. (40
Marks)
$76
80
85
72
69

$74
82
76
82
70

$71
67
84
77
82

$78
88
82
79
86

$80
72
83
86
78

$67 Low
78
80
89 High
77

A. Based on the information from Mongolian Realty given above, develop a

histogram.
B. Based on the information from Problems 1 & 2, construct a frequency polygon.
C. Construct a cumulative frequency polygon.
D. Estimate the price below which 75 percent of the homes were sold.
E. Estimate the number of homes sold for less than $72,000.
2. The number of defective items in 15 recent production lots of 100 items each were
as follows:
3, 1, 0, 2, 24, 4, 1, 0, 5, 8, 6, 3, 10, 4, 2
a. Calculate the mean number of defectives per lot. (5 Marks)
b. Array the observations in ascending order. Obtain the median of this data
set. Why does the median differ substantially from the mean here? Obtain
the range and the interquartile range. (5 Marks)
c. Calculate the variance and the standard deviation of the data set. Which
observation makes the largest contribution to the magnitude of the
variance through the sum of squared deviations? Which observation
makes the smallest contribution? What general conclusions are implied by
these findings? (10 Marks)
3. The diameters of 12 tennis balls for two different brands (Wilson and Penn) were
measured using a ruler by a group of basic statistics students. The results are
displayed below:
Tennis Ball Diameter (mm)
(20 Marks)
Penn

Wilson

62.5

63.5

64.5

65.5

66.5

a) What is the shape of the dotplot for the Wilson brand? _____________
b) Estimate the average diameter of the Wilson brand. ________
c) Which brand shows more variation, Wilson or Penn? ________________
d) What is the shape of the dot plot for the Penn brand? _____________________
e) What is the range of the diameters for the Penn Brand? _____

4. There are 9 Boys and 7 girls in a class. How many ways a team of 5 members can
be formed following the conditions below:
(20
Marks)
1. Team must have 3 boys & 2 girls
2. Bat-Erdene (a boy) MUST be in the team
3. Tuya (a girl) MUST NOT be in the team
4. Team should have AT LEAST 2 girls
5. The hourly wages for a sample of plumbers were grouped into the following frequency
distribution. Since the wages have been grouped into
Hourly
Number
classes, we refer to the following distribution as being
Wages
f
grouped data.
a. Compute the arithmetic mean.
b.

Compute the mode.

$8
$10
$12
$14
$16
$18

up to
up to
up to
up to
up to
up to

$10
$12
$14
$16
$18
$20

3
6
12
10
7
2
40

6. Listed below are the selling prices (in thousands of dollars) of a sample of 15 homes sold by
agents working in Churchill, Manitoba.
$20
$56
$65
$17
$26
$90
$13
$27
$16
$68
$86
$80
$50
$25
$92
Determine the first and third quartiles and the median for the data.

*** END OF THE PAPER***