STATISTICS

FOR
MANAGEMENT
Assignment – 2

By Group 9: -
Sayali Dattatreya Deshpande (M20MS049)
Shaik Sameeruddin (M20MS050)
Sheryl (M20MS051)
Shreya Singh (M20MS052)
Shruthin Pasunoori (M20MS053)
Shubham Rawat (M20MS054)
Shubham Rokade (M20MS055)
1. P10 = 23
P80 = 49.5
Q1 = 27.5
Q3 = 47.5
Inter – quartile range = 20
Range = 62

2. Normally distributed
mean (µ) 43 mins
68% spread 40 ≤ µ±σ ≤ 46
σ = 3 mins

mean (µ) 43 mins

99.7% spread 35 ≤ µ±3σ ≤ 51
σ = 8/3 mins

Not Normally distributed

mean (μ) 28 mins
Min 77% spread 1-(1/k^2) = 0.77
k = 2.085
24 ≤ µ±kσ ≤ 32
σ = 1.918 mins

3. A. Normally distributed
mean (µ) 29
sd (σ) 4 days
x% spread 25 ≤ µ±xσ ≤ 33
xσ = 4
x=1
so, 68% spread

B. % spread > 33 (100-68)/2 = 16%

C. % spread > 37 (100-95)/2 = 2.5%

D. % spread < 21 (100-95)/2 = 2.5%

4. A. Normally distributed
 mean (µ) 419 mins/day
sd (σ) 27 mins
68% spread x1 ≤ µ±σ ≤ x2
x1 = μ - σ = 419 - 27
x1 = 392 mins/day
x2 = μ + σ = 419 + 27
x2 = 446 mins/day
95% spread x3 ≤ µ±2σ ≤ x4
x3 = μ - 2σ = 419 - 54
x3 = 365 mins/day
x4 = μ + 2σ = 419 + 54
x4 = 473 mins/day
99.7% spread x5 ≤ µ±3σ ≤ x6
x5 = μ - 3σ = 419 - 81
x5 = 338 mins/day
x6 = μ + 3σ = 419 + 81
x6 = 500 mins/day

B. Not Normally distributed

mean (μ) 419 mins/day
sd (σ) 27 mins
x% spread 359 ≤ µ±kσ ≤ 479
k = 60/27
1-(1/k^2) = x/100
x = 79.75%

C. z score (x - μ)/σ
(400 - 419)/27
z = -0.7037 (It is 0.7037* σ to the left of mean value i.e. 419, between – σ to μ)

5. A. Mean 38
B. Mode 25
C. Median 32.85714286
D. Variance 251
E. SD 15.84297952

6. A. The mean and median for the data is 4,14,422 and 4,17,250 respectively. There are no
outliers
in the data, also the values are equally spread within the range. So mean value can be preferred.

B. The range of the data is 230640, whereas the inter-quartile range is 92,580, which shows that
the mid spread of the capacity of oil refineries is only 40% as compared to the whole spread.

C. The variance and standard deviation of the data is 5,18,60,94,516 and 72014.54378
respectively.
 D. Zscore Mississippi -1.172290979 (It will lie between - 2σ to -1σ)
Zscore Texas City 0.31463089 (It will lie between μ to σ)

7. A. Mean 15775
Sd 7292.247596

B. Mean 13950
Sd 5099.264653

C. The coefficient of variance for Albania, Bulgaria, Croatia, and Czech Republic (set1) data is
46.22660917, whereas coefficient of variance for Hungary, Poland, Romania, and
Bosnia/Herzegovina (set 2) data is 36.55386848. This shows that locations belonging to set1
are more volatile than set2 and investment in markets of set1 is risker than that of set2.