Sto Bo Standardization

ck nd Stock Bond Funds

fun Fu funds
1.12 ds 1.96 nds -0.3596746 2.477282209
1.44 0.51 0.19182645 -0.832645095
1.27 1.12 -0.1011585 0.559807081
1.75 0.64 0.72609309 -0.535892992
0.99 0.69 -0.5837219 -0.421757568
1.45 0.2 0.20906086 -1.540284726
1.19 1.44 -0.2390337 1.290273796
1.22 0.68 -0.1873305 -0.444584653
0.99 0.4 -0.5837219 -1.083743029
3.18 0.94 3.1906134 0.148919554
1.21 0.75 -0.2045649 -0.284795059
1.89 1.77 0.9673748 2.043567596
0.6 0.93 -1.2558638 0.126092469
2.1 1.25 1.32929736 0.856559184
0.73 0.85 -1.0318165 -0.05652421
0.9 0.99 -0.7388316 0.263054978
1.79 0.95 0.79503072 0.171746638
1.35 0.35 0.03671678 -1.197878453
1.08 0.64 -0.4286122 -0.535892992
1.28 0.41 -0.0839241 -1.060915944
1.2 0.9 -0.2217993 0.057611214
1.68 0.60545224
0.15 -2.0314121
Average 1.32869565217 0.87476190476
Std dev 0.58023461782 0.43807608654

Q2
Test Breast Cancer No Breast Cancer Total
Positive 132.6 983 1115.6
Negative 37.4 8847 8884.4
Total 170 9830 10000

a. A woman is tested positive in mammography. What is probability she is having Breast Cancer
probability 0.119
b. a.       In order to double check the same woman undergoes a second test by the same mammography kit. Th
two events are independent
probability 0.01412765357
Q3 mean 550
STD 150
N 25
n 15

probability that a person spend between 450 to 750 0.656296243

at least 15 spend between 450 to 750 0.65541996

Q4
Probability of non confirming item 0.05
N 5
S 2

probability of getting two nonconforming items 0.02143438

Q5 average 6 for 40 m2 sheet

x 2

probability 0.06196880442

Q6 mean 100 mm
STD 2 mm

a What proportion of the parts will be above 103.3 mm?

b What proportion of the output will be between 98.5 and 102.0 mm?
c What proportion of the parts will be less than 96.5 mm?
d It is important that not many of the parts exceed the desired length. If a manager stipulates that no m
should be oversized, what specification limit should be recommended?
Ans- Range should be 101.1262 to 99.87382

Q7

Number of Debit/
items Cash UPI Credit
purchased card
5 or fewer 30 15 43
6 to 9 46 23 66
10 to 19 31 15 43
20 or more 19 10 27

Ans Despite any number of item purchased, we can see the probability of payment m
so we can infer that number of item purchased and payment method used is inde
 Flight time Frequency Flight time (in Frequency
Q8 (in minutes) minutes)
140-150 1 140.5 1
150-160 25 150.5 25
160-170 24 160.5 24
170-180 4 170.5 4
180-190 2 180.5 2

Answer Most probably you can reach dibrugrah within 150-170 Minutes, 10 % chances ar
Q9

Enlarge Current
Store Locate new site Do nothing Probability
Strong Growth Revenue 13680000 14040000 1240000 0.55
Weak Growth Revenue 7200000 8280000 7560000 0.45

Expected Value
of revenue 10764000 11448000 4084000
Cost 6264000 7380000 0

Profit 4500000 4068000 4084000

Ans- Here best option is to enlarge the current store as it gives best profit
 Top 10
Stock fund 3.18
Stock fund 2.1
Stock fund 1.89
Stock fund 1.79
Stock fund 1.75
Stock fund 1.68
Bond fund 1.96
Bond fund 1.77
Bond fund 1.44
Bond fund 1.25

he is having Breast Cancer

he same mammography kit. This test too results in a positive. Does the probability of her having breast cancer change now or remain the sa
 0.049471
0.614717
0.040059
f a manager stipulates that no more than 5% of the parts
mit should be recommended? 100.1262 99.87382 0.050304

0.063088

Probability
Debit/
Cash UPI Credit
card
0.340909 0.170455 0.488636 0.116162
0.340741 0.17037 0.488889
0.348315 0.168539 0.483146
0.339286 0.178571 0.482143

the probability of payment method used is not changing with the change in No. of item purchased
payment method used is independent
 mean 157.1071
median 160-170

170 Minutes, 10 % chances are there that flight may get delayed and can take up to 190 Minutes
change now or remain the same as earlier. Please justify your responses accordingly.
4 24
2 2 2
6
4
 population Sample set Average of sample
1 1 0 0.5
0 1 0 0.5
0 1 0 0.5
0 1 1 1
1 0 0 0
Average 0.4 0 0 0
0 1 0.5
0 0 0
0 1 0.5
0 1 0.5
0.4

population Sample set Average of sample

1 1 1 1
1 1 1 1
1 1 0 0.5
0 1 1 1
1 1 1 1
average 0.8 1 0 0.5
1 1 1
1 0 0.5
1 1 1
0 1 0.5
0.8