PracticeExercise3

Question1
Followingarethepastearningspershareofawellestablishedcompany.
Rs.4,Rs.8,Rs.7,Rs.6,Rs.10,Rs.16,Rs.24,Rs.5
Analyzethedataasapotentialinvesterandfindthefollowing:
i)ExpectedEarningPerShare(ArithmeticMean)
ii)Riskaroundexpectedearning(StandardDeviation)
iii)Perrupeerisk(CoefficientofVariation)
x
EarningPerShare(x)

x
n

ArithmeticMean=
i)

ii)

10

16

80
8

ExpectedEarningPerShare=Rs.10.00
StandardDeviation=

x2
n

StandardDeviation=

6400
8

StandardDeviation=

800

StandardDeviation=

700

StandardDeviation=

26.46

x
n

)2

80
8

)2

100

RiskaroundexpectedearningisRs.26.46pershare.

Coefficientofvariation=

Coefficientofvariation=
Coefficientofvariation=
iii)

PerrupeeriskisRs.2.65

StandardDeviation
ArithmeticMean
26.46
10.00
265%

X100

X100

)%

24

10.00

80

Question2:
InanadmissiontestofBBAatIBA,UniversityofthePunjab1005candidateswere
appeared.Thedistributionofcandidatesbytheirscoretheymadeintestis
reportedasunder:
Score
ModelClass==>

020
2040
4060
6080
80100
Total

Candidates
(f)
350
250
200
155
50
1,005

MidPoint
(x)
10
30
50
70
90

fx

fx

3,500
7,500
10,000
10,850
4,500
36,350

35,000
225,000
500,000
759,500
405,000
1,924,500

EvaluatethereporteddatawithreferencetoCentralTendency(A.M),Dispersion(S.D)
andSkewness.
fx
f

ArithmeticMean=
i)

ii)

36,350
1,005

36

CentralTrendency(A.M)=36
StandardDeviation=

fx2
f

fx
f

)2

StandardDeviation=

1,924,500
1,005

36,350
1,005

)2

StandardDeviation=

1,914.93

1,308.21

StandardDeviation=

606.72

StandardDeviation

25

Dispersion(S.D)=25

Mode=

L+

0+

Mode=
Skewness=

(fmf1)
(fmf1)+(fmf2)

Xh

(3500)
X20
(3500)+(350250)

0+

350
450

X20

0+

350
450

X20

15.56
ArithmeticMeanMode
StandardDeviation
3615.56
25
20.44
25

A.M=
S.D=
SK=

36
25
Positive

0.83

Question3:
Thenumberofpassengerscarriedbyaboatduring24asgivenbelow:

ArrangedData

52
58
82

84
50
58

71
78
50

57
55
78

61
41
49

65
66
89

77
35
95

64
62
55

35
57
71

41
58
77

49
58
78

50
61
78

50
62
82

52
64
84

55
65
89

55
66
95

1532
x=
n=
24
x2=
2347024
Mode=
55 58
78
Compute:AnymeasureofCentralTendency(A.M),Dispersion(S.D)andSymmetry(SK)
consideringallthevaluesreportedinthedata.
x
n

ArithmeticMean=
i)

ii)

1,532
24

CentralTrendency(A.M)=36.83
StandardDeviation=

x2
n

StandardDeviation=

2,347,024
24

StandardDeviation=

97,792.67

StandardDeviation=

93,717.97

StandardDeviation=

306.13

Dispersion(S.D)=306.13
Mode=

58

Skewness=

ArithmeticMeanMode
StandardDeviation
6458
306
6
306
0.02

A.M= 64
S.D= 306
SK= Positive

x
n

)2

1,532
24

)2

4,074.69

63.83

Question4:
Inanorganizationof30persons,sicknessandabsencerecordswerekeptdailyforthreemonths.
Thenumberofworkersabsenteachdayisshownbelow.Findthemean,median,mode,standard
daviationandcoefficientofSkewnessofthenumberofemployeesabsentperday.
No.of
Employees
Absent
(x)
No.ofDays(f)

0
44

f
0
1
2
3
4
5

MedianClass==>

1
19

0
19
20
24
28
15
0
106

fx
f

ArithmeticMean=

3
8

4
7

5 6ormore
3
0

fx
44
19
10
8
7
3
0
91

6ormore

2
10

fx
cf

6,859
4,000
4,608
5,488
675

21,630

44
63
73
81
88
91
91

106
91

1.16

46

Ontheaverage,therewere1to2absentees.

Maximumvaluein(f)=
44
valueofxagainstthevalueoff
So,ontheaverage,majorityofthedaysthereisnoabsent.
Modeis0
Median=Thevalueof
Median=1

n+1
th=
2
46isincludedin63sothexvalueagainst63is1.
fx
f

StandardDeviation=

21,630
91

StandardDeviation=

237.69

StandardDeviation=

236.34

StandardDeviation=

15.37

CoefficientofSkeeness(S.K)=

=
Mean=
1.16
Median=
1
Mode=
0
StandardDeviation= 15.37
CoefficientofSkewness=
0.075 Positive

fx
f

)2

106
91

)2

1.36

MeanMode
S.D
=

Question5:

StandardDeviation=

91+1
2

1.160
15.37
0.075

MedianClass==>
ModeClass==>

ClassInterval
0305
0608
0911
1214
1520
2126
2729
3035
3639

MidPoint(x)
6
8
9
14
16
17
11
8
4
93

4
7
10
13
17.5
23.5
28
32.5
37.5

fx
f

ArithmeticMean=

fx

Median=Thevalueof

n+1
th=
2
Asthe46.5isincludedin53sothevalueofxagainst63is17.5.
Median=
17.5
MaximumValuein(f)=
ValueofxintheModeClass=
Mode=
2

fx
f

StandardDeviation=

40,741
93

StandardDeviation=

438.08

Standard Deviation =
StandardDeviation=

84.19
84 19

StandardDeviation=

9.18

18.81

93+1
2

46.5

)2

1,750
93

)2

353.88

X100

49%
MeanMode
S.D
18.8123.5
9.18
4.69
9.18

1,750
93

fx
f

9.18
X100
18.81

SK=

96
392
900
2366
4900
9388.25
8624
8450
5625
40741.25

)%

S.D
Mean

6
14
23
37
53
70
81
89
93

17
23.5
23.5

StandardDeviation=

C.V=

fx

cf

24
56
90
182
280
399.5
308
260
150
1749.5

ArithmeticMean(A.M)=
18.81
Median=
17.5
Mode=
23.5
StandardDeviation(S.D)= 9.18
CoefficientofVariation(C.V)=
49%
Skewness(SK)=
0.51 (Negative)

0.51