Department of Economics

Bharathidasan University
M.A. Economics - Semester Examination – November 2010
Subject: Statistics (09SM03)
Time : 3 Hours Max Marks : 60
Section A
(10 x 1 = 10 Marks )
Answer all the Questions
A. Chose the correct answer:

1. What will be the measures of central tendency (mean, median, & mode) when the
variable is normally distributed?

2. What do you mean by standard deviation?

3. When is it appropriate to use the measure of co-efficient of variation?

4. State the meaning of the term Hypothesis in statistics?

5. Give an example for spurious correlation?

6. State the need of a statistical Index.

7. How is regression different from that of correlation?

8. How do you calculate the value of ‘t’ given the regression coefficient and standard error?

9. What is sample space in probability?

10. What do you mean by mutually exclusive events in probability theory?

Section B
(6 x 5 = 30 Marks )
Answer any 6 Questions

11. Find the arithmetic mean and median for the following continuous frequency distribution.
Class Interval: 0-1 1-2 2-3 3-4 4-5 5-6
Frequency : 1 4 8 7 3 2

12. The following data represents the percentage return on investment for 10 mutual funds
per annum. Compute the co-efficient of variation for return on investments given below.
12, 14, 11, 18, 10.5, 11.3, 12, 14, 11, 9.

13. Discuss the application of binomial distribution.

14. Write short notes on

a. Systematic random sampling
b. Cluster sampling
c. Stratified random sampling
 15. Compute Laspeyers and Paasches Price Indices. Interpret the results.

1993 2002
No. of Avg. No. of Avg.
Description
Employees Salary Employees Salary
Q0 P0 Q1 P1
Sales 120 7.5 158 9
Admin 41 10 52 12.5
Clerical 25 8 30 10
Managerial 21 18 25 22.4

16. What are type-I and Type-II errors? Explain the step by step procedure for testing of
hypothesis.

17. A sample of 400 male students is found to have a mean height of 67.47 inches. Can it be
reasonably regarded as a sample from a large population with mean height of 67.39
inches and a standard deviation of 1.30 inches? Test at 5% Level of significance.

18. What is a scatter diagram? How do you estimate the degree of correlation between two
variables with the help of scatter diagram?

Section C

(2 x 10 = 20 Marks )
Answer any Two Questions

19. (a) Explain with example the difference between time series and cross sectional data?
Discuss the components of time series data.

(b) How do you test for stationary of a time series data?

20. Write short notes on any two concepts given below:

a) Lorenz Curve
b) Continuous and discrete data
c) Poisson Distribution
d) Standardized Variable

21. Fit a regression model using simple linear regression of Y on X for the following data.

X: 14 20 18 8 22 10 6
Y: 24 30 26 10 30 14 8

(b) Interpret the regression coefficient.

(a) What would be the value of Y if the value of X is 35?