Business Statistics:

Exercise -1: Basic concepts on the following:

1. Statistics: Divisions/ branches of Statistics 6. Sample
2. Data 7. Classification of Data
3. Variables 8. Summarization and Presentation of Data
4. Different Levels of Measurement and their properties 9. Frequency Distribution
5. Population 10. Measures of Central Tendency

Esercise-2: A sample of group persons showed their ages as follows:

35, 49, 42, 65, 37, 20, 18, 25, 68, 23, 25, 16, 22, 29, 37, 57, 48, 39, 58, 67
42, 63, 65, 49, 42, 25, 16, 22, 29, 37, 53, 48, 65, 72, 69, 20, 18, 25, 68, 23
57, 48, 39, 58, 67. 42, 63, 65, 49, 42, 35, 49, 42, 65, 37, 53, 48, 65, 72, 69.
a. Construct a frequency distribution table for this data.
b. Construct a “Less Than” Cumulative Frequency Distribution
c. Construct a “Greater Than” Cumulative Frequency Distribution
d. Construct a Relative Frequency Distribution
e. Construct a “Less Than” Relative Cumulative Frequency Distribution
f. Construct a “Greater Than” Relative Cumulative Frequency Distribution
Exercise-3: Using the frequency distribution constructed in Exercise-2,
a. Constructed a Histogram
b. Construct a Frequency Polygon
c. Construct a a “Less Than” Cumulative Frequency Polygon
d. Construct a “Less Than” Cumulative Frequency Polygon
e. Construct a “Greater Than” Cumulative Frequency Polygon
f. Construct a “Less Than” Relative Cumulative Frequency Polygon
g. Construct a “Greater Than” Relative Cumulative Frequency Polygon
Esercise-4: The following table shows the division-wise population of Bangladesh according to 2001
Census. Construct a pie Chart.
Division-wise population of Bangladesh in 2001
(in million)
Division Population
Dhaka 42
Chittagong 28
Rajshahi 34
Khulna 16
Barisal 14
Sylhet 10
Esercise-5: The following grouped frequency distribution gives the ages of 30 persons:
Class interval Frequency
25-35 5
35-45 3
45-55 7
55-65 5
65-75 3
75-85 7
a. Construct a Histogram
b. Construct a Frequency Polygon
c. Construct a “Less Than” Cumulative Frequency Polygon
d. Construct a “Greater Than” Cumulative Frequency Polygon
e. Construct a “Less Than” Relative Cumulative Frequency Polygon
f. Construct a “Greater Than” Relative Cumulative Frequency Polygon

Esercise-6: Using the frequency distribution constructed in Exercise-2,

Exercises: First Mid-term Examination Summer 2012 Page 1 of 2

 a. Calculate the Median
b. Calculate the quartiles
c. Calculate the Mode
d. Calculate the (i) Arithmetic Mean (ii) Geometric Mean and (iii) Harmonic Mean

Esercise-7: The following table gives the monthly income per family in a working class:
Monthly Income (in Taka) No. of families
4000-5000 10
5000-6000 15
6000-7000 20
7000-8000 25
8000-9000 15
9000-10000 10
10000-11000 5
(a) Find the Median income of the families;
(b) Find the Quartiles income of the families;
(c) Using your estimates give comments on the income distribution of the families.

Exercise-8: Calculate Arithmetic Mean of family members from the following frequency Distribution:

No. of families 2 5 15 7 3 2
No. of family members 2 3 4 5 6 7

Esercise-9: Calculate Arithmetic Mean from the following frequency Distribution:

Class Interval Frequency

5 -10 6
10 -15 7
15 - 20 12
20 - 25 8
25 - 30 5
30 - 35 2

Esercise-9: Calculate the Harmonic mean of the number of children from the following frequency
distribution:
No. of Children No. of families
1 5
2 30
3 20
4 25
5 20

Exercise-10: The following table gives the heights of randomly drawn 100 students of East-West
University:
Height (inches) No. of students
60-62 5
62-64 18
64-66 42
66-68 20
68-70 8
70-72 7
(a) Using the above frequency distribution, prove that Arithmetic Mean ≥ Geometric Mean
(b) Give reasons as to why the Arithmetic Mean is greater than the Geometric Mean.
(c) Is the above inequality always true?

Exercises: First Mid-term Examination Summer 2012 Page 2 of 2