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Business Statistics - 1 (External)
Business Statistics - 1 (External)
Business Statistics - 1 (External)
Q.1 Draw a less than cumulative frequency curve for the following data and find the
value of the
seventh decile
(a) A fund is to be raised and it is decided that worker g less than Rs 12000
should
contribute 5% of their wages and those getting more than Rs 12000 should contribute
10% of their wages. What sum would be collected.
10-149 9 il
15.0- 19.9 9 18
200-249 | 54 32
25.0 29.9 U1 27
300-349 | 5S B
Which set of bags have more uniform pressure? if prices are the same, which
(3) What is the probability that a randomly chosen person from this group is a male
below
30 years of age’
Gi) What is the probability that a person is below 30 years of age, given that he
is male?
Q.5.A bag contains 2 white balls and 3 black balls. Four persons A, B, C & D in the
order
named, each draw 2 ball and do not replace it, The first to draw a white ball
receives Rs 20.
Determine their expectations.
Q. 1 Calculate the proportion of farms in which costs of production are within the
range A.M.
Cost of prod” (RS /]46 [68 ]810 [10-12 [1214 [1416 | Tow!
litre) |
No. of dairy farms 13 fui fis2 ios ie B34
Q. 2 From the following data of the age of employees, calculate the Karl Pearson’s
coefficient
of skewness and comment on the result:
5
(00
Q.5 Time taken by the crew, of a company, to construct a small bridge is a normal
variate with
mean 400 labour hours and a standard deviation of 100 labour hours.
(i) What is the probability that the bridge gets constructed between 350 to 450
labour
hours?
Gi) If the company promises to construct the bridge in 450 hours or less and agrees
to pay
a penalty of Rs 100 for each labour hour spent in excess of 450, what is the
probability
that the company pays a penalty of at least Rs 2000 /-