REVISION- BUSINESS MATHEMATICS ANDSTATISTICS - RB TWO MARKS QUESTIONS: 1.What is meant by degrees of freedom? 2.

When does the arithmetic mean lose its significance? 3.Differentiate between a census and a surve y? 4.Illustrate symmetrical and asymmetrical distributions. 5.Find the 5th term and the sum of the first 8 terms of an AP 1,10,19,..... 6.Explain level of significance 7.What is the significance of a null hypothesis 8.Distinguish between maxima and minima 9.List out the characteristics of statistics 10.What are the limitations of binomial distribution? 11.What is decision making under uncertainty? 12.What are the advantages of stratified random sampling? 13.What is standard error? 14.What is index number 15.What is correlation 16.What is regression 17.What is dispersion? What is the purpose of a measure of dispersion? 18.What is Skewness? What are the different measures of skewness? 19.How will you interpret the sign and magnitude of a correlation coefficient? 20.List the chief properties of a normal distribution. 21.What is a sign test? When is it used? 22.In which context is the Mann Whitney Test used? 23.What is kurtosis? Explain the three different curves under kurtosis? 24.What is binomial distribution? What are its business applications? 25.Give one example for each of the following: i) Linear function ii) Geometric Progression. 26.What is meant by the regret criterion? 27.Find the sum of the first 10 terms of an A.P 1,4,7,10..... 28.Find the sum of the first 12 terms of an A.P 1,3,5,7........ 29.Find three numbers in A.P whose sum is 21 and product is 280? 30.What term of the following A.P 3 + 6 + 9 + 12....... is 90. 31.The fourth term of a G.P is and the seventh term is 4/27. Find the 12th term. 32.The 3rd term of a G.P is and the seventh term is 4/27. Find the fourth term 33.Find the sum of the series 3+7+11..... to 40 terms. 34.How many terms of a G.P 4,2,1 amount to 127/16? 35.The first term and the last term of a G.P are 4 and 324. The sum of the series is 384.Find the CR. 36.What is the importance of statistics in managerial decision making? 37.What are averages? How are they useful? 38. What is sampling? 39.What is Chi square test? Where and for what it is used? 40.What are the components of Time series 41.What is correlation? Mention its significance 42.What is sum of squares and mean of squares 43.What is the significance of testing a hypothesis 44.What is Poisson distribution 45.What is Sign Test 46.What are Index Numbers 47.What is Binomial Distribution 48.What is cluster Sampling 49.Define Integration

Eight Marks Questions and Twelve Marks Theory Questions 1.Why is statistics called imposing mathematics 2.What do you mean by sampling errors? Explain the types of sampling errors? 3.Is it important for the chosen samples to be representative of the population. Using the various methods of sampling, explain how representativeness can be achieved 4.Eloborate on how a decision tree and the payoff -EMV concepts are useful in managerial decision making. 5.Explain the applications of statistics in managerial decision making. Also discuss the limitations of statistics. 6.What is Sampling? Why is it important? Discuss the methods of Sampling? 7.Explain the procedure of setting up and testing a hypothesis? [Jan 05,06] 8.What is decision tree? What are the steps in decision tree analysis? [Sep 01, Jan-07] 9.Explain addition, subtraction and multiplication of matrices with examples. 10.What is a statistical average? State the properties of a good average. 11.Explain the method of moving averages in calculating the trend. What are the merits and limitations of this method. 12.Explain the procedure of setting up and testing a hypothesis. 13.What is business forecasting? Explain the various techniques of forecasting. Explain the major steps in forecasting. What are the limitations of forecasting? 14.What is correlation? Distinguish between positive and negative correlation. What is the significance of coefficient correlation? 15.Explain and point out the difference between one tailed and two tailed tests. 16.Explain business forecasting and its various methods. How is it useful to a business manager? 17. Explain Chi square analysis with an example 18.Explain Annova with an example 19.Explain the terms level of significance and degrees of freedom used in Chi Squaretest. 20.How is regression and its applicability in business different from correlation and its applicability 21.Explain the Time Reversal Test and Factor Reversal Test with help of suitable examples. 22.Distinguish between correlation and regression analysis. 23.Distinguish between Karl Pearsons and Bowleys measure of skewness. Which one of these would you prefer and why?