Feb Drive 2011

MBA SEMESTER 1

MB0040 ± STATISTICS FOR MANAGEMENT- 4 Credits

(Book ID: B1129)

Assignment Set- 1 (60 Marks)

Note: Each question carries 10 Marks. Answer all the questions

1. (a) What is the difference between a qualitative and quantitative variable?

[5 Marks]
(b) A town has 15 neighbourhoods. If you interviewed everyone living in one
particular neighbourhood, would you be interviewing a population or a sample
from the town? Would this be a random sample? If you had a list of everyone
living in the town, called a frame, and you randomly selected 100 people from [5 Marks]
all neighbourhoods, would this a random sample?

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2. a) Explain the steps involved in planning of a statistical survey? [5 Marks]
b) What are the merits & Demerits of Direct personal observation and Indirect
Oral Interview? [5 Marks]

3. a) Draw Ogives from the following data and measure the median value. Verify
it by actual calculations. [5 Marks]
Central size 5 15 25 35 45
Frequency 5 11 21 16 10

b) Complete the following distribution, if its Median is 2,600 and compute the
value of Arithmetic Mean. [5 Marks]
Size 1 000- 1500- 2000- 2500 - 30 00- 4000 - 5 000- Total
1 500 2000 2500 3000 40 00 5000 6 000
Frequency 120 ? 400 500 ? 50 20 1500

4 . a) What is the main difference between correlation analysis and regression

analysis? [5 Marks]
b) In a multiple regression model with 12 independent variables, what are the
degrees of freedom for error? Explain? [5 Marks]

5 . a) Discuss what is meant by Quality control and quality improvement.

[5 Marks]
b) What are the limitations of a quality control charts? [5 Marks]
 Feb Drive 2011

6 . a) Suggest a more suitable average in each of the following cases:

[5 Marks]
(i) Average size of ready-made garments.
(ii) Average marks of a student.
b) State the nature of symmetry in the following cases: [5 Marks]
(i) When median is greater than mean, and
(ii) When Mean is greater than median.
 Feb Drive 2011

MBA SEMESTER 1

MB0040 ± STATISTICS FOR MANAGEMENT- 4 Credits

(Book ID: B1129)

Assignment Set- 2 (60 Marks)

Note: Each question carries 10 Marks. Answer all the questions

1. What are the characteristics of a good measure of central tendency?

[5 Marks]

(b) What are the uses of averages? [5 Marks]

2. For each one of the following null hypothesis, determine if it is a left-tailed, a

right-tailed, or a two-tailed test. [10 Marks}
a. — • __
b. P ≤ 0.5
c. µ is at least 100.
G. — ” -20
e. p is exactly 0.22

3. What is test statistic? Why do we have to know the distribution of a test

statistic? [10 Marks]
4. Suppose you are sampling from a population with mean µ= 1,065 and
VWDQGDUG GHYLDWLRQ 1 = 500. The sample size is n=100. What are the expected
value and the variance of a sample mean ? [ 10 Marks]
5. The time it takes an international telephone operator to place an overseas
phone call is normally distributed with mean 45 seconds and standard
deviation 10 seconds. [10 Marks]
a) What is the probability that my call will go through in less than 1 minute?
b) What is the probability that I will get through in less than 40 seconds?

6. The following data are the number of tons shipped weekly across the pacific
by a shipping company. [10 marks]
 Feb Drive 2011

3 9 8 , 412, 560, 476, 544, 690, 587, 600, 613, 457, 504, 477, 530, 641, 359,
5 6 6 , 452, 633, 474, 499, 580, 606, 344, 455, 505, 396, 347, 441, 390, 632,
4 0 0 , 582
Assume these data represent an entire population. Find the population mean
and the population standard deviation.