FM-BINUS-AA-FPU-745/R0

BINUS BUSINESS SCHOOL

OFF-CAMPUS EXAM

DAY – DATE : Friday, October 12, 2018 at 21.00 WIB

SEMESTER: Odd Semester Period 1, 2018/2019

EXAM TYPE: Off Campus Examination
PROGRAM: MM Blended Learning
CODE - COURSE NAME: STAT8097 - Business Statistics
LECTURER: Dr. Meilani Hartono, S.Si., M.Pd.
CLASS: LOB5

TIME ALLOWED: Friday, October 12, 2018 at 21.00 WIB to Monday, October 15, 2018 at
21.00 WIB (3 days)

OFF-CAMPUS EXAM REGULATIONS:

1. For BBS MM Young Professional Program and BBS MM Blended Learning Program students, you are allowed
to write in correct and proper Bahasa (except for the other programs, it should be in correct and proper
English).

2. Students are responsible for preparing all their needs for the exam, for example: Internet connection,
laptop, etc.

3. You MUST STAND BY 5 minutes before the exam starts by signing in the system.

4. Students must submit and upload their answers through the system within the exam time.

5. A student may complete and submit the answers of the exam into the portal before – but not after – the
exam time ends.

6. No additional exam time will be given for tardy students.

7. A student will be considered cheating if he or she is suspected of doing plagiarism as already defined in the
student guidelines. Plagiarism is committed through, but not limited to, the following acts:

- Copying the work of another student

- Directly copying any part of another person’s work

- Summarizing the work of another person

- Using or developing an idea or thesis derived from another person’s work

- Using experimental results obtained by another person

- Incitement by a student of another to plagiarize

- Copy pasting from a book / textbook.

8. Any student who is caught doing the above action (s), will be listed by name and the Ethics Committee will
decide whether or not the action is considered as cheating.

9. Should the Ethics Committee consider and verify your actions as cheating, you will immediately face
expulsion from BINUS UNIVERSITY INTERNATIONAL/BINUS BUSINESS SCHOOL - MASTER PROGRAM *).

10. If a student finds difficulty to upload the answers, they have to contact the staff within the exam time with
evidence to further process.
 FM-BINUS-AA-FPU-745/R0

Answer the following questions. Each problem has points indicated inside brackets.

1. (20 points) The file lists the calories and sugar, in grams, in one serving of seven breakfast cereals:
Cereal Calories Sugar
Bran 80 6
Corn flakes 100 2
Wheaties 100 4
Multigrain flakes 110 4
Rice krispies 130 4
Wheat almond 190 11
Mini wheats 200 10

a. Compute the covariance. 


b. Compute the coefficient of correlation. 

c. Which do you think is more valuable in expressing the relationship between calories and sugar—
the covariance or the coefficient of correlation? Explain. 

d. Based on (a) and (b), what conclusions can you reach about the relationship between calories and
sugar?
2. (20 points) You are trying to develop a strategy for investing in two different stocks. The anticipated
annual return for a $1,000 investment in each stock under four different economic conditions has the
following probability distribution:
Returns
Probability Economic Condition Stock X Stock Y
0.1 Recession -100 50
0.3 Slow growth 0 150
0.3 Moderate growth 80 -20
0.3 Fast growth 150 -100

Compute the

a. expected return for stock X and for stock Y.

b. standard deviation for stock X and for stock Y.

c. covariance of stock X and stock Y.

d. Would you invest in stock X or stock Y? Explain.

3. (20 points) A stationery store wants to estimate the total retail value of the 1,000 greeting cards it has in its
inventory. Construct a 95% confidence interval estimate for the population total value of all greeting cards
that are in inventory if a random sample of 100 greeting cards indicates a mean value of $2.55 and a
standard deviation of $0.44.

4. (20 points) Assume that you have a sample of n1 = 8, with the sample mean X1  42 , and a sample
standard deviation S1 = 4, and you have an independent sample of n2 = 15 from another population with a
sample mean of X 2  34 and a sample standard deviation S2 = 5.
a. What is the value of the pooled-variance tSTAT test statistic for testing H0: µ1 = µ2?
b. In finding the critical value, how many degrees of freedom are there?
c. Using the level of significance  = 0.01, what is the critical value for a one-tail test of the
hypothesis H0: µ1 ≤ µ2 against the alternative, H1: µ1 > µ2?
d. What is your statistical decision?
 FM-BINUS-AA-FPU-745/R0

5. (20 points) A study was conducted to measure the effect of various learning methods on math scores of
elementary school students. A number of students were divided into five groups, each was treated with
different learning methods. Following is the ANOVA table of math exam results from those five groups of
students.

Source Degrees of Sum of Mean F

Freedom Squares Square
Among groups ? ? ? F = 3.27
Within groups ? ? 75.28
Total ? 2866.68
a. Please complete the ANOVA table above.
b. With 5% confidence level, conclude whether the differences in learning methods provide
significant differences in the students’ math scores.
c. If the standard deviation of each group decreases, will the F value increase, or decrease? Explain.