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BusinessStatistics Merged
BusinessStatistics Merged
BusinessStatistics Merged
Q.1. (a) Define Mean, Median & Mode of a frequency distribution. Give a sketch of a
Skewed frequency distribution showing the approximate position of each. (05)
(b) Sketch and write the name of any three important types of diagrams/graphs.
(03)
(c) The weights of 10 boxes of a certain brand of cereal have a mean content of
27gms. with S.D. of Rs.9.64 gms. If these boxes were purchased at 10 different stores
and the average price per box is Rs. 21.25 with S.D. of 2.15, can you conclude that the
weights are relatively more homogeneous than the prices? (04)
Q.2. The following data represent the length of life in minutes of a sample of 40 black flies
subjected to a new spray in a controlled laboratory experiments.
2.4 2.1 3.1 1.6 2.4 2.3 3.2 0.4 2.3 0.4 3.5 2.6
1.8 2.6 3.5 2.7 1.8 2.0 1.5 3.4 0.7 1.3 2.9 2.8
1.5 1.1 3.5 0.9 2.8 2.3 1.5 2.3 2.4 0.6 3.4 0.5
1.5 2.5 2.9 3.1
Construct frequency distribution table & compute (12)
(i) Median (ii) S.D.
(b). If the probability that an individual suffers a bad reaction form injection of a
given serum is 0.1, determine the probability that out of 20 individuals (i) exactly 3, (ii)
at least two, (iii) at most 3, individual will suffer a bad reaction. (4.5)
(c). from a group of 4 men & 5 women, how many committees of size three are
possible:
(i) With no restriction (ii) with 1 man & 2 women
(iii) With 2 men & 1 woman (4.5)
if a certain man must be in the committee.
01/02
Page 20 of 46
(b) The amount of a chemical compound, which dissolved in 100 grams of water a
various temperatures, were recorded as follows: (08)
°C Amount of compound
00 04 05 06
10 10 08 12
20 21 19 22
30 29 31 27
40 42 38 40
(i) Find the equation of the regression line.
(ii) Estimate the amount of chemical that will dissolve in 100 gm of water at 50 °C.
(iii) Calculate Correlation Co-efficient r & comment on the relationship of the
variables.
Q.7. (a) What is an index number? Describe the weighted aggregative price index
number and its types. (04)
(b) Compute Fisher’s price index number for 2011 with 1996 as base from the
following data (08)
INSTRUCTIONS:
1. Attempt any 5 questions. Do not write anything on the question paper.
2. Use of mobile phones or any other communicating device will not be allowed
in the examination room. Students will have to remove the batteries of these
devices before entering the examination hall.
(b) Following are the lengths (in inches) of 30 nails produced by a rolling mill: (8)
4.0 3.9 3.8 4.0 4.0 3.9 3.9 3.8 4.2 4.1
3.7 4.1 4.6 4.2 4.1 4.2 3.9 3.9 3.9 3.8
3.7 4.3 3.8 4.2 4.0 3.8 4.0 4.1 4.0 4.2
(b) Two sales representatives have the following annual sales for the last five years. (6)
Representative A: 74, 80, 72, 65, 78.
Representative B: 82, 76, 69, 70, 84.
On the basis of coefficient of variation which representative is more consistent?
01/02
Page 21 of 48
(c) The time in minutes which 15 bank account holders spent in a bank branch to
get their cheques cashed, are recorded below:
8.6, 5.8, 6.7, 5.2, 6.2, 5.5, 7.5, 5.1, 5.3, 9.9, 5.9, 13.6, 15.2,10.7, 5.2.
What is the probability that a randomly selected account holder will get his
cheque cashed within seven minutes? (4)
Q.5(a) A and B are two independent events and P(A) = 0.3, P(B) = 0.6,
Compute P(A ∩ B) and P(A U B). (4)
(b) The mean and standard deviation of a binomial random variable are 1.8 and 1.2
respectively. Find P(x ≥ 3) (4)
(c) In a steel industry the average number of fatal accidents per month is 0.5.
What is the probability that there will be no fatal accident in the next two month? (4)
Q.7(a) The data in the following table give the market – share of a product for (6)
a given advertising expenditure.
(i) Find a least squares line of regression to estimate market – share for a given
advertising expenditure.
(ii) Estimate market – share when advertising expenditure is Rs.300,000.
(b) For the following data, construct Fisher’s price index for 2011 (6)
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END OF PAPER
Page 20 of 51
403 395 389 401 408 391 398 386 429 415
379 417 465 426 410 428 396 393 396 383
371 438 381 423 405 386 401 414 407 422
Q.2 b) If an instructor counts the final examination in a course four times as much as each one–hour
examination, what is the average score of a student who received 76 in the final examination and
70, 54, 73, and 67 in four one–hour examinations?
Q.3 a) For the frequency distribution given below, determine the intervals (µ + σ) and (µ + 2σ) where µ
is the mean and σ is the standard deviation of the distribution.
C.I f
8.0 – 8.9 14
9.0 – 9.9 27
10.0 – 10.9 22
11.0 – 11.9 5
12.0 – 12.9 4
13.0 – 13.9 12
14.0 – 14.9 16
Q.3 b) The number of machine breakdowns per day in a factory is recorded for seven days in each of two
months as:
June 4 10 9 0 0 8 3
August 11 4 3 2 3 0 3
Q.4 a) Find the number of distinct permutations that can be formed from all the letters of the word
PROPOSITION.
Q.4 b) (i) If repetitions are not allowed, how many three digit numbers can be formed from the six digits
2, 3, 5, 6, 7 and 9?
(ii) How many are odd? (iii) How many are multiple of 5?
Q.4 c) Two fair dice are rolled. Find the probability of getting a sum of 8 dots.
Q.6 a) Given that events A and B are independent, and P(A) = 0.3 and P(B) = 0.6,
(i) Compute P(A U B).
Q.6 b) Find K such that P(X) = K.X2 for X = 1, 2, 3 is a probability distribution.
Find (i) E(X) and (ii) V(X).
Q.7 a) 6 cards are drawn at random from a deck of 52 playing cards. What is the probability of getting 3
kings if the cards are drawn
(i) with replacement?
(ii) without replacement?
Q.7 b) It is known that 6% of the production of a manufacturer is defective. What is the probability that
“the number of defective product” in a random sample of 10 will be exactly 2?
Q.7 c) In a steel industry the average number of fatal accidents per month is 0.5.
What is the probability that there will be no fatal accident in the next two
months?
X 2 3 4 5 6 7 8
Y 2 8 11 9 19 14 14
(i) Determine the Regression equation of y on x.
(ii) Determine Total, Error and Regression Sum of Squares.
(iii) Determine Coefficient of determination and interpret.
(iv) Determine Coefficient of Correlation.
2012 2013
Commodity
Price Quantity Price Quantity
A 64 270 102 320
B 40 124 70 210
C 83 130 95 125
Q2) a) A study was made to determine the consumer preferences about the size of oil pack
(small, median or large) of particular cooking oil. (6)
S S S S S S M M S L S S L L M L
M S M M M L M L M M S S L S S M
L L M M S S M L S M M S M L L M
L L S S S M M L L L M L S M L M
Construct frequency table and find appropriate average. (6)
b) Calculate appropriate weighted aggregative index number for the following data.
Items 2009 2010 2009
Price Price Quantity(000)
Sugar 68 75 2.1
Wheat 37 45 4.5
Rice 70 85 3.2
Oil 105 120 1.9
Q4) a) A Box contains 4 white balls and 3 black balls. Find the probability of selecting 2
white and 1 black balls if balls are selected one by one (6)
i) with replacement ii) without replacement
b) A machine produces chocolates. 10% of the chocolate are mis-shapes. What is the
probability from the next 10 chocolates produced by this machine? (6)
i) Exactly 4 are mis-shape
ii) Atleast 2 are mis-shape
iii) Calculate mean and variance number of mis-shape.
No of share sold(00) 5--10 10--15 15--20 20--25 25—30 30—35 35--40 40—45
No of Days 17 21 34 40 42 70 46 30
Plot sizes (in yard) 100 200 400 500 600 800 1000 1500 2000
Price (in millions ) 4 7 10 125 15 19 24 28 32
__________________________________________________________________________
END OF PAPER
Note: Revised date for BS – III Money & Banking is December 30, 2011. There is no change in
timings.
Karachi University Business School
University of Karachi
FINAL EXAMINATION DECEMBER 2010: AFFILIATED COLLEGES
BUSINESS STATISTICS: BA (H) – 451
BS – III
Q.1(a) In an experiment to measure the stiffness of a spring, the length of the spring
under different loads was measured as follows:
Loads (lbs) 3 5 6 9 10 12 15 20 22 28
Lengths (inches) 10 12 15 18 20 22 27 30 32 34
Q.2 (a) Compute (i) Laspeyres’ (ii) Paasche’s (iii) Fisher’s Ideal quantity Index numbers
from the following data :
(b) Goals scored by two teams A and B in a hockey season were as follows:
By calculating the coefficient of variation in each case, find which team may be
considered more consistent.
Q.3 (a) The random variable X, representing the number of defective missiles when 3
missiles are fired, has the following probability distribution:
x 0 1 2 3
P(X=x) 0.51 0.38 0.10 0.01
Calculate σ2 .
(b) How many distinct permutations can be made from the letters of the word
“business”?
Cont……
(c) Find quartile deviation and its coefficient from the following data :-
Q.4 (a) From a group of 4 boys and 5 girls, how many committees of size 3 are possible
(i) with no restrictions?
(ii) with 1 boy and 2 girls?
(iii) with 2 boys and 1 girl if a certain boy must be in the committee?
(b) In a fuse box there are total 20 fuses, of which 5 are defective. If 2 fuses are
chosen at random and removed from the box in succession without replacing the first,
what is the probability that both fuses are defective?
Q.5 (a) Calculate the coefficient of correlation for the following data:
X 5 12 14 16 18 21 22 23 25
Y 11 16 15 20 17 19 25 24 21
(b) The number of children per family of 50 families is grouped in the following
frequency distribution table:
No.of children 0 1 2 3 4 5
No.of families 4 m n 8 4 2
Q.6 (a) An electrical company manufactures energy savers that have a length of life that
is normally distributed with mean equal to 800 hrs and a standard deviation of 40 hrs.
Find the probability that a energy saver burns between 778 and 834 hrs.
(b) For the following frequency distribution , calculate standard deviation by using
f 9 10 17 10 5 4 5
Q2 a) Following are the growth rates of the last 12 month of a company. Calculate AM, GM and
HM, and comment which average if most appropriate.
1.12, 1.05, 1.16, 1.20, 0.99, 0.97, 1.50, 1.13, 1.14, 1.08, 1.09, 1.33
Q2 b) By calculating the mean and variance of the following stock index find consistency of the
stock market.
Q3 b) Find the number of ways in which 7 people be lined up to get on a bus if two people insist
to follow each other.
Q4 a) Following data represents the weight of five people before and after using a weight
reducing diet plan.
Before X 80 90 100 95 88
After Y 75 91 94 93 86
i. Estimate the weight of a person after using diet plan whose weight before 92kg.
ii. How can we justify that diet plan is effective?
Q4 b) The probability that remote control car is defective is 0.2, from set of 8 cars calculate the
probability that
i. Exactly 3 are defective
ii. More than average are defective
A box contain 8 cars, calculate out of 100 such boxes how many boxes would you expect
that contain exactly 3 defective cars.
Q2 a) Find the probability of obtaining two heads when three coins are tossed simultaneously.
Q2 b) Calculate E(X) and V(X)
X –1 0 1 2
P(X) 0.2 0.4 0.3 0.1
Q2 c) In how many ways 4 people lined up to get on a bus (Write all steps?)
Q2 d) How many if two people insist to follow each other (write full explanation)
Q3 a) The moisture content M in a mud was measured at depth D meters. The regression equation was
obtained M=–2.2D+83.85
i. Identify regression coefficient and constant
ii. Interpret the regression coefficient and constant.
Q3 b) Calculate coefficient of correlation for the data
X 0 5 10 15 20 25 30
Y 85 82 56 42 30 21 21
Q1 b) After extensive training of scouts and guides, test scores of two groups is as follows:
Scouts 52 63 21 30 47 70 58 74 28 32
Guides 44 58 38 73 62 81 77 54 45 43
Q2 a) The probability that 30% of the people invest their saving in Federal Reserve. Out of 8
randomly selected persons what is the probability that
i. At-least 6 invest their saving in Federal Reserve
ii. Less than mean number of people invest their saving in Federal Reserve
Q2 b) Smoking and Lung Disease According to the Arizona Chapter of the American Lung
Association, 7.0% of the population has lung disease. Of those having lung disease, 90.0%
are smokers; of those not having lung disease, 25.3% are smokers. By using Tree Diagram
determine the probability that a randomly selected person is a smoker.
Q3 b) The following data shows the average share rate and mortgage rate for 10 years.
Q2 a) Following are the growth rates of the last 12 month of a company. Calculate AM, GM and
HM, and comment which average if most appropriate.
1.12, 1.05, 1.16, 1.20, 0.99, 0.97, 1.50, 1.13, 1.14, 1.08, 1.09, 1.33
Q2 b) By calculating the mean and variance of the following stock index find consistency of the
stock market.
Index 2100 2200 2300 2400 2500 2600
frequency 4 2 4 6 5 3
Q3 a) If P (A) = 0.2 P(A U B)= 0.8 P(B’)= 0.3 Calculate the following
i) P (B) ii) P( A/B) iii) P P(A’ ∩ B) iv) P(A ∩ B’) v) P(A’ ∩ B’)
Q3 b) Find the number of ways in which 7 people be lined up to get on a bus if two people insist
to follow each other.
Q4 a) Following data represents the weight of five people before and after using a weight
reducing diet plan.
Before X 80 90 100 95 88
After Y 75 91 94 93 86
INSTRUCTIONS:
1. Attempt any 5 questions. Do not write anything on the question paper.
2. Use of mobile phones or any other communicating device will not be
allowed in the examination room. Students will have to remove the
batteries of these devices before entering the examination hall.
Q.1(a) Define a Frequency Distribution. What are the steps involved in its preparation? (4)
(b) The following data are the book values of a random sample of 40 stocks.
Prepare a frequency distribution taking Five equal classes. (8)
Compute means of the raw data and of the prepared frequency distribution and
compare.
15 11 5 26 15 20 15 16 11 6 26 16 21 16 17 12 7 27 17 22
18 13 9 27 18 22 19 13 29 9 19 13 19 13 23 23 19 14 14 23
(b) If an instructor counts the final examination in a course four times as much as
each one–hour examination, what is the average score of a student who received
76 in the final examination and 70, 54, 73, and 67 in four one–hour examinations? (4)
Q.3(a) For the frequency distribution given below, calculate coefficient of variation. (6)
C.I f
8.0 – 8.9 14
9.0 – 9.9 27
10.0 – 10.9 22
11.0 – 11.9 5
12.0 – 12.9 4
13.0 – 13.9 12
14.0 – 14.9 16
(b) The number of machine breakdowns per day in a factory is recorded for seven
days in each of two months as: (6)
June 4 10 9 0 0 8 3
August 11 4 3 2 3 0 3
(b) Two balanced dice are rolled. What is the probability that the sum of dots is at
most 7? (4)
(c) The time in minutes which 15 bank account holders spent in a bank branch to get
their cheques cashed, are recorded below:
8.6, 5.8, 6.7, 5.2, 6.2, 5.5, 7.5, 5.1, 5.3, 9.9, 5.9, 13.6, 15.2, 10.7 , 5.2.
What is the probability that a randomly selected account holder will get his
cheque cashed within seven minutes? (4)
Q.5(a) A and B are two dependent events and P(A) = 0.25, P(B) = 0.33, P(A U B) = 0.43
Compute P(A ∩ B) and P(B/A). (4)
(b) A salesman has estimated that the probability of making a sale when calling on a
customer is 0.5. If this salesman calls on 6 customers on a given day, what is the
probability of making at least 2 sales? (4)
(c) In a steel industry the average number of fatal accidents per month is 0.5.
What is the probability that there will be no fatal accident in the next two month? (4)
X 7 3 5 6 4 4 6
Y 18 12 16 18 10 13 14
(i) Determine the Regression equation of y on x.
(ii) Estimate y for x = 10.
(iii) Calculate coefficient of correlation.
(b) For the following data, construct Fisher’s price index for 2011 (6)
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END OF PAPER
21
INSTRUCTIONS:
1. Attempt any 5 questions. Do not write anything on the question paper.
2. Use of mobile phones or any other communicating device will not be
allowed in the examination room. Students will have to remove the
batteries of these devices before entering the examination hall.
(b) Prepare a frequency distribution for the following data taking five equal classes. (8)
Compute means of the raw data and for the prepared frequency distribution and
compare.
3.1 10.3 3.9 0.5 1.5 11.2 15.6 1.8 12.8 8.2 7.7 2.9
3.4 11.6 6.4 3.9 8.0 8.4 0.7 7.2 6.8 10.2 0.9 5.5
Q.2(a) The following table contains “weekly wages” of 10 employees of an organization: (8)
(b) In a class there are 22 girls and 38 boys. The mean score of girls in an
examination is 78 and the mean score of boys is 71. What is the mean score of the
entire class? (4)
Q.3(a) For the frequency distribution given below, calculate coefficient of variation. (6)
C.I f
1.5 – 1.9 1
2.0 – 2.4 2
2.5 – 2.9 4
3.0 – 3.4 15
3.5 – 3.9 10
4.0 – 4.4 5
4.5 – 4.9 3
(b)The following are the number of defective bolts produced daily by two machines: (6)
Machine A 2 4 6 5 8 10 7
Machine B 3 7 0 2 11 0 12
Which machine exhibits more variability in terms of coefficient of variation?
Q.4(a) Find the number of distinct permutations that can be formed from all the letters of
the word PERSEVERANCE. (4)
(b) Two balanced dice are rolled. What is the probability that the sum of dots is at
least 7? (4)
(c) A coin is tossed four times. Find the probability of three heads. (4)
Q.5(a) A and B are two dependent events and P(A) = 0.25, P(B) = 0.33, P(A U B) = 0.43
Compute P(A ∩ B) and P(B/A). (4)
Q.6(a) Three items are chosen at random from a lot containing 15 items of which 6 are
defective. Find the probability that: (6)
(i) two items are defective?
(ii) at least one item is defective?
X 2 3 4 5 6 7 8
Y 2 8 11 9 19 14 14
(i) Determine the Regression equation of y on x.
(ii) Estimate y for x = 10.
(iii) Calculate coefficient of correlation.
(b) For the following data, construct Fisher’s price index for 2011 (6)
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KARACHI UNIVERSITY BUSINESS SCHOOL
UNIVERSITY OF KARACHI
FINAL EXAMINATION JUNE 2011; AFFILIATED COLLEGES
BUSINESS STATISTICS BA (H) – 451
BS – III
Date: June 16, 2011 Max Time: 3 Hrs
Instruction: Attempt all questions. Max Marks: 60
Q1) a) Following data represents the weight of 50 people to the nearest kg.
51 67 66 30 82 69 68 62 48 60
61 70 55 78 75 35 66 57 65 58
88 72 87 74 72 85 76 79 82 73
93 42 65 54 57 78 98 45 39 47
69 95 53 65 45 64 58 51 61 59
Q5) a) A and B are two events. With P(A)>0 and P(B)>0. Write down the condition. (3)
i) If A and B are Equally likely events iv) If A and B are Independent events
ii) If A and B are Exhaustive events v) If A and B are Dependent events
iii) If A &B are Mutually exclusive events vi) If A &B are Non mutually exclusive events
Q1 a) A set of mathematics exam scores has a mean of 70 and a standard deviation of 8. A set
of English examination scores has a mean of 74 and a standard deviation of 16. Mr Bean
got score 78 in both English and maths. Explain in which exam he has the higher standing
and why?
X 0 1 2 3 4
P (X) 0.3 0.2 0.4 0.05 0.05
Q2 b) Calculate coefficient of correlation for the data below and test the significance at 5% by
using t-distribution.
[TABLE VALUE=2.7]
X 23 20 27 30 30 31
Y 6 8 9 7 10 11
Q3 Two machines are filling Sugar. Forty samples from the first machine find a sample mean
of 4.95 kgs, and fifty samples from the second machine have a sample mean of 5.01 kgs.
The population standard deviation of the first machine is 0.30 kg, and the population
standard deviation of the second machine is 0.10 kgs. Test the claim that the machines
are filling equally. Use 0.05 level of significance. Write all steps and conditions.
[TABLE VALUE=2]
Q1 a) The following data represents the running times of films produced by two company
Q2) Mr. Bean and Mr. Gray work at the same office and live next door to each other. Each
day they leave for work together but travel by different routes. Mr. Bean claims that his
route is quicker, on the average, by atleast 4 minutes. Both men time their journey in
minutes over a period of 10 weeks. The results obtained were:
Mr Bean n= 50 mean=21 min Standard deviation = 10.24 min
Mr Gray n= 50 mean=24 min Standard deviation = 7.84 min
Assume normal distribution and common population variance. Test at 5% level whether
Mr Brown claim’s can be accepted. Table value (1.645)
Q3) Calculate the equation of regression line y on x for the following distribution:
X 25 30 35 40 45 50
Y 78 70 65 58 48 42
Is it possible to calculate from the equation?
a) An estimate for the value of x when y=54 ?
b) An estimate for the value of y when x=37 ?
In each case it the answer is “YES” calculate the estimate, if the answer is “No”
give reason why not.