Fall 2012

Master of Business Administration- MBA Semester 1 MB0040 - Statistics for Management - 4 Credits (Book ID: B1623) Assignment Set - 1 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. 1. Mention the characteristics of Statistics. Statistics. (Page No. 8-11, Unit-1) Explain any two applications of

2. Distinguish between primary and secondary data. What are the methods of collecting primary data? (Page No. 25-34, Unit-2) 3. Find Karl Pearsons correlation coefficient between the sales and expenses from the data given below:
Sales (Rs.Lakh ) Expense s (Rs. Lakhs) 50 0 11 13 14 16 16 15 15 14 13 5 55 60 65 65 65 60 60 50

(Page No. 295 Unit-12) 5. Use chi-square test to test if the two attributes (Performance and Training) in the Following table are independent. Test at 5 % level of Significance Performance Above Average Training Intensive Good Average Total

Average

100 1000

(Page No. 256-257, Unit-10)

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6. Construct index numbers of price for the following data by applying: i) ii) Laspeyres method Paasches method (Page No. 373) (Page No. 373) Unit -15 Fishers (Page No. Base year Current year Commodity A B C D Price 2 5 4 2 Quantity 8 10 14 19 Price 4 6 5 2 Quantity 6 5 10 13

iii) Ideal Index number 374)

Fall 2012

Master of Business Administration- MBA Semester 1 MB0040 - Statistics for Management - 4 Credits (Book ID: B1623) Assignment Set - 2 (60 Marks) Note: Each question carries 10 Marks. Answer all the questions. 1. Distinguish between Classification and Tabulation of data. What are the types of Classification of data? (Page No.41-45, Unit-5) 2. Calculate mean and median for the following data Marks No of Students (Page No. 77,Page No. 84, Unit-4) 3. Calculate the regression equations of X on Y and Y on X from the following data: X 1 2 3 4 5 Y 2 5 3 8 7 (Page No. 293, Unit-12 Solved problem-1) 4. What is sampling? Briefly explain the various methods of sampling. (Page No.180-192, Unit-7) 5. A company appoints four salesmen, A, B, C and D, and observes their sales in three seasons- summer, winter and monsoon. The figures ( in lakhs) are given in the following table: Season A Summer Winter Monsoon Total 36 28 26 90 B 36 29 28 93 Salesman C 21 31 29 81 D 35 32 29 96 Total 128 120 112 360 0-20 4 20-40 26 40-60 22 60-80 10 80-100 9 100-120 6 120-140 3

Carry out an analysis of variance at 5% level of significance.

Fall 2012

6. The mean wage is Rs. 75 per day, SD wage is Rs 5 per day for a group of 1000 workers and the same is Rs 60 and Rs 4.5 for the other group of 1500 workers. Find mean and standard deviation for the entire group. (Page No. 109(Unit-4) Solved Problem-31)