Q 1 Find Mean, Variance & Standard Deviation

No. of Bikes sold 0 1 2 3

P(x) 0.2 0.4 0.3 0.1

Q 2 Find Mean, Variance & Standard Deviation

No. of burgers 1 2 3 4 5
sold
P(x) 0.1 0.2 0.3 0.3 0.1

Q 3. A bag contains 4 green, 5 red, 3 black and 2 blue balls. What is the probability of getting

a) A green or red ball at a random in a single draw

b) A green or blue ball at a random in a single draw
c) A black or red ball at a random in a single draw

Q 4. A bag contains 6 white balls & 4 red balls. Two balls are drawn at random one after the other i)
without replacement or ii) with replacement. Find the probability that both balls drawn

i) White
ii) Red
iii) First white and second red
iv) First red and second white
Q 5. A population consists of the five numbers 1,2,3,4,6 and 8. Consider all possible samples of
size
i) 2 or
ii) 4

that can be drawn with & without replacement from this population. Prove sampling distribution
of sample means and find:

 The mean of the population

 The standard deviation of the population
 The mean of the sampling distribution of means
 Standard deviation of the sampling distribution of means (the standard error of means).

Q6. You invest Rs. 25,000 p.a into an investment account earning 11% p.a compounded
annually. Compute future value of your account if

i) Invest at the end of the year for 7 years

ii) Invest at the beginning of the year for 6 years

Q7. You require Rs.25,000 every year and thus you invest certain sum of money in an
investment which earns interest @ of 13% p.a compounded annually. Find out lump sum amount
to be invested as on today if :

i) You want at the end of every year till 7 years

ii) You want at the beginning of every year till 7 years.
Q8. Akash bats according to the following traits. If he makes a hit (S), there is a 25% chance that
he will make a hit his next time at bat. If he fails to hit (F), there is a 35% chance that he will make
a hit his next time at bat. Find the transition probability matrix for the data and determine Akash’s
long- range batting average. (Prepare diagram and also use transitional matrix technique).

9. 80% of students who do maths work during one study period, will do the maths work at the
next study period. 30% of students who do english work during one study period, will do the
english work at the next study period.

Initially there were 60 students do maths work and 40 students do english work. Calculate,

(i) The transition probability matrix

(ii) The number of students who do maths work, english work for the next subsequent 2 study
periods.