Quiz for BRM-I

Full Marks: 15, Time: 45 minutes

Instructions:
There are 15 questions in this paper. Each question carries 1 mark. There is no negative marking.
For each question, circle only one alternative. For questions with more than one alternative circled, no
marks will be given.
This is an open book, open notes examination. You can also use calculator/ laptop. Mobile phones/
tablets with call facilities are not allowed.

NAME:___________________________________________________________________

1. What among the following best describes the difference between ratio and interval variables?
Ratio variables cannot be negative but interval variables can be negative
Ratio variables are discrete and interval variables are continuous
For interval variables differences make sense but not for ratio variables
Ratio variables are ratio of two variables but interval variables are not
For Qn 2-4: Consider the following histogram of experience (in years) of a bunch of students attending
the MDP program in a particular year.

The histogram is constructed on the basis of how many students?

50
60
70
Cannot be determined without more information
What is most likely to be the median of the data set?
a) 6

b) 9

c) 12

d) 15

4. Based only on the histogram, what is the most likely number of people with experience more than 20
years?
13
16
19
10
5. The z-score of a student in an exam is 1.95. Which of the following is most likely to be wrong?
The student has scored more than the median score of the class
The student has scored more than the 75th percentile score of the class
The student has scored less than the 75th percentile score of the class
The student has scored less than the median score of the class
For Qn 6-7: Consider the following boxplot.

6. Among the following business majors, the one with the most skewed salary distribution is a)
Accounting b) Finance c) Management d) Marketing

7. Among the following business majors, the average salary is most likely to be the highest for a)
Accounting b) Finance c) Info Systems d) Marketing
For Qn. 8-10: Consider the following table of apartment rents from the class (in $ per month, in
ascending order):

The mean and the standard deviation of the data are $490.80 and $54.74 respectively.
8. The z-score of the 70-th percentile of the apartment rents is
a) 0.17
b) 0.26
c) 0.35
d) 2.27
9. The IQR of the apartment rents is

a) $60
b) $70
c) $80
d) $90
10. The proportion of observations within 1 standard deviation of the mean is closest to a) 62.5% b)
65.2% c) 68.6% d) 70%
For Qn. 11-12. In a bus stop, buses arrive following a Poisson process. On average, there are 4 buses arriving
every hour. Note that the probability of 0, f(0), for a Poisson variable with mean is given by e -.

11. The probability that exactly one bus arrives between 9am and 10am is
More than the probability that exactly one bus arrives between 9am and 11am
Less than the probability that no bus arrives between 9am and 10am
Equal to the probability that exactly one bus arrives between 9am and 9:30am and no bus arrives between
9:30am and 10am
Less than the probability that exactly two buses arrive between 9am and 10am
12. The probability that during 9am and 10am the number of buses arriving is at least two but not more

than 6 is closest to
a) 65% b) 68% c) 69% c) 80%
13. The probability that a randomly chosen Indian has a bachelors degree is 20%. It is also known that
50% of the bachelors degree holders have done B.Sc.. Suppose 5 Indians have been chosen randomly.
The probability that exactly 3 of them have a B.Sc. degree is closest to
a) 0.008 b) 0.001

c) 0.051

d) 0.313

For Qn. 14-15: A manufacturing process produces iron rods of length 1 metre. Suppose that actually the
length of the rods are distributed normally with mean 1metre and standard deviation 3cm. However any
rod whose length is less than 96cm or more than 102cm is rejected. (1metre = 100cm.)
14. What is the probability that a randomly selected iron rod coming from the process is rejected?
a) 0.3437

b) 0.6563

c) 0.0518

d) 0.1921

15. Among the following tweaks to the production process, which strategy will reduce rejection the most?
mean 99cm, standard deviation the same
mean 99.5cm, standard deviation the same
mean the same, standard deviation 2.5cm
mean 99.5cm, standard deviation 2.5cm