Faculty of Business, Economics and Accounting

Department of Business Studies

JANUARY 2021 SEMESTER

TAKE HOME EXAMINATION

Subject Code : QBM101

Subject Name : BUSINESS STATISTICS

This examination carries 60% of the total assessment for this subject.

Examiner(s) Student ID & E-mail:

HOO KEH YOONG

Date : 18th APRIL 2021, 9:00am Submission : 19th APRIL 2021, 9:00am

Time allowed : 1 DAY

INSTRUCTION(S):

1. This examination consists of THREE (3) questions. Answer ALL questions.

2. This is a TAKE HOME (Open Book) examination.

3. Students are required to submit their scanned handwritten answers via HLMS.

4. Students are to provide student ID in each of their answer script.

5. Students MUST pass this examination in order to pass the subject.

(This examination paper consists 3 questions in 3 printed pages, including cover page)
QBM101 (January 2021 Semester, Take Home Examination) Page 2

Use the MS Excel data set given to answer ALL questions. Show full workings.

Question 1

Professor Sylvester is curious about the daily spending ($) by university students. He surveyed
two random groups of 20 male and female university students and information are shown as
below. Based on the table given, answer the following questions.

36 40 25 16 35 42 40 15 33 16
Male
15 17 36 36 38 19 39 24 25 34

47 42 21 33 22 50 44 34 29 30
Female
28 22 19 22 33 21 20 41 23 48

a) Find the measures of central tendency for daily spending by male university students and
interpret their meanings. (9 marks)

b) Comment on the distribution of daily spending by male university students. Justify your
answer with two reasons. (6 marks)

c) Compare the daily spending between male and female university students in terms of
average and dispersion. (12 marks)

d) Find the approximate value of the 63th percentile for daily spending by female university
students and interpret the answer. (4 marks)

e) Find the percentile rank for female university student who spends $41 daily and interpret
the answer. (4 marks)

Question 2

A researcher is interested to analyze the time spent on studying per week among university
students. He has surveyed 50 students in a university and recorded down their information in
the data set given. The time spent on studying per week (hours) is labelled under Study column.
Based on the data set, answer the following questions

a) Calculate the probability that a randomly selected student spends less than 6.5 hours on
studying per week. (5 marks)

b) Calculate the probability that the mean studying time per week for five randomly selected
students is more than 7 hours. (5 marks)
QBM101 (January 2021 Semester, Take Home Examination) Page 3

c) Calculate the probability that if four students are randomly selected, two of them study less
than 6.5 hours per week. (4 marks)

d) It is found that 5% of the male students spend less than A hours studying per week. Find
the value of A. (6 marks)

e) State the assumption(s) made in order to carry out the calculations in (a) to (d). (2 marks)

f) Using the critical value method, test whether the mean studying time among university
students is more than 7 hours per week at 1% level of significance. (13 marks)

Question 3

Professor Jane wants to study whether exercise helps in improving student academic
performance among Malaysian students. She has randomly selected a group of university
students for the study. The time spent on exercise per week (hours) and students’ exam scores
(marks) in a recent test were recorded in the data set given.

Based on the data set, the variables are defined using the variable names as below:
Score = Exam score (marks)
Exercise = Time spent on exercise per week (hour)

a) Using MS Excel, write the least square regression equation. (4 marks)

b) Validate the value of a and b in part (a) and interpret their meanings. (10 marks)

c) Identify coefficient of correlation and interpret its meaning. (4 marks)

d) Identify coefficient of determination and interpret its meaning (4 marks)

e) At 10% level of significance, test if there is any significant linear relationship between time
spent on exercise per week and exam score. (8 marks)

*** END OF EXAMINATION PAPER ***