II SEMESTER BBA APRIL/MAY 2015

QUANTITATIVE METHODS FOR BUSINESS II

TIME 3 HRS

MARKS - 70
Dr. Sriramappa
Phone No - 9448412626
SECTION A

1.
a. In plural sense it means a collection of numerical facts.
b. Tabulation is the systematic arrangement of statistical data in columns and rows, the
purpose of the table is to simplify the presentation of data & facilitate comparison.
c. Statistical data is graphically presented as the presentation of data is attractive &
effective, simple & understandable, useful in comparison & interpretation.
d. If both the variables vary in the same direction it is said to be positive & if the variables
are varying in opposite direction it is negative correlation.
e. Limitations of median are it is more affected by fluctuations in sample, it has to be
computed through interpolation in case of continuous serious, it may not be the true
representative when the variations are more in values.
f. According to A L Bowley Dispersion is the measure of variation of items
g. Consumer price index represents the increase in price paid by the ultimate consumer for a
specified basket of goods and services.
SECTION B
2. The following main aspects are included
i. Subject matter of statistics Statistical methods & Applied Statistics
ii. Nature of Statistics Statistics as science & as an art
3. Guidelines for tabulation are
i. Table number ii. Title of the table iii. Caption
note
4. Presentation of data relating to coffee habits
Sex
Male
Female

City
CD NCD Total CD NCD Total CD

A
40 20
60
5
35
40
45
B
25 30
55
15 30
45
40
Total 65 50
115
20 65
85
85
5. Calculation of Median
CI
F
CF
0-10
4
4
1012 16
20
2024 40
30
3036 76
40
4020 96
50
5016 112

iv. Stubs

Total
NCD

Total

55
60
115

100
100
200

v. Body

vi. Head

60
6070
7080

120

125

12
5
Median class = N/2th item
Median = L + h/f [N/2 C]
= 30 + 10/36 [125/2 40]
6. r = 0.6 x = 1.5
x on y
x-x = r [x/ y] [y-y]
x-10 = 0.6 [1.5/2] [y-20]
x=0.45y+1
y on x
y-y = r [y/ x] [x-x]
y-20 = 0.6 [2/1.5] [x-10]
y=0.8x+12

= 125/2th item

= 62.5th item lies in CI 30-40

= 30 + 0.278 [22.4]
y = 2.00
x = 10

=36.23
y = 20

x-10 = 0.45[y-20]

x-10 = 0.45y 9

y-20 = 0.8[x-10]

SECTION C
7. Calculation of Mean, Median & Mode
CI
F
X
FX
CF
0-10
14
5
70
14
1023
15 345 37
20
2035
25 875 72
30
3020
35 700 92
40
408
45 360 100
50
505
55 275 105
60
105
262
5
Mean = fx / n
= 2625/105
=25
Median Class = n/2
= 105/2 = 52.5 lies in 20-30
= L + [h/f] [n/2 c]
= 20 + 10/35 [52.5 37]
= 20 + 0.29[15.5]
Mode = L + [h (f1-f0) / 2f1-f0-f2]
20 + 10(35-23) / 2 x 35 23 -20
= 24.44
8. Computation of coefficient of variation for A & B
x
d=xd2
x
d=xd2
60
60
44
-16
256
48
-12
144
80
20
400
75
15
225
76
16
256
54
-6
36
48
-12
144
60
0
0

y-20 = 0.8x 8

= 24.43

52
72
72
51
60
54
609

-8
12
12
-9
0
-6
9

64
144
144
81
0
36
152
5

63
69
72
51
57
66
615

3
9
12
-9
-3
6
15

9
81
144
81
9
36
765

For Student A
X = x /N
= 609/10
= 60.9
= d2/n (d/n)2
= 1525/10 (9/10)2 = 152.5 0.81
=151.69
= 12.32
CV = ( / x) 100
= (12.32/60.9) 100 = 20.23%
For Student B
X = x /N
= 615/10
= 61.5
2
2
= d /n (d/n)
= 765/10 (15/10)2 = 76.5 2.25
=74.25
= 8.617
CV = ( / x) 100
= (8.617/61.5) 100 = 14.01%
Here coefficient of variation is less for student B, so B is more consistent student & if prize is
based on consistency B should get the prize.
9. Correlation coefficient
Pass percentage = 480/800*100 = 60%
Percentage of failure = 40%
x
dx
dx2
y
dy
dy2
dxdy
60
0
0
40
10
100
0
50
-10 100
50
20
400
-200
50
-10 100
50
20
400
-200
80
20
400
20
-10 100
-200
90
30
900
10
-20 400
-600
75
15
225
25
-5
25
-75
405 45
172
195 15
142
5
5
1275
dx = x-60
dy = y-30
R=
dxdy [(dx)(dy)] / N
2
dx (dx)2/n x dy2 (dy)2/n
R=
-1275 (45x15)/6
2
1725 (45) /6 x 1425 (15)2/6
= -1275-112.5 / 13875.5 x 1387.5
The correlation is perfect negative correlation

= -1387.5/1387.5 = -1

10. Calculation of Fishers Ideal Index number

P0
Q0
P1
Q1
P1Q0
P0Q0
P1Q1
P0Q1
A
8 50 20 26 1000
400
520
208
B
2 15
6 10
90
30
60
20
C
1 20
2 25
40
20
50
25
D
2 10
5
8
50
20
40
16
E
1 40
3 30
120
40
90
30
1300
510
760
299
Fishers Ideal Index P01= (P1Q0 / P0Q0) X (P1Q1 / P0Q1) X 100

= (1300 / 510) X (760 / 299) X 100

= [2.55 x 2.54] x 100
= 6.48 x 100
= 2.5456 x 100
= 254.56
TRT = (P1Q0 / P0Q0) X (P1Q1 / P0Q1) X [(P0Q1 / P1Q1) X (P0Q0/ P1Q0)]
= (1300 / 510) X (760 / 299) X (299 / 760) X (510/ 1300)
=1
=1
FRT = P01 X Q01 = P1Q1 / P0Q0
= (P1Q0 / P0Q0) X (P1Q1 / P0Q1) X [(P0Q1 / P0Q0) X (P1Q1/ P1Q0)]
= (1300 / 510) X (760 / 299) X (299 / 510) X (760/ 1300)`
= (760 / 510) X (760 / 510)
= 760/510

11. Calculation of Co-efficient

Wages
f
m
d
d2
27012 275 -2 4
280
28018 285 -1 1
290
29035 295 0
0
300
30042 305 1
1
310
31050 315 2
4
320
32045 325 3
9
330
33020 335 4
16
340
3408
345 5
25
350

of Pearsons Skewness
fd
Fd2
-24 48
-18

18

42

42

100

200

135

405

80

320

40

200

355

123
3

X = A + (fd /n) x i
= 295 + 355/230 x 10
= Rs.310.43
2
2
2
SD = (fd /n - (fd /n) X i = 1233/230 (355/230) x100
= 5.3609 2.3823 x 100
= Rs.17.26
M0 = L + [ h(f1-f0) / 2f1-f0-f2]
= 310 + 10 [(50-42) / 2(50)42 45]
= 310 + 80/13
= 316.1538
Sk = X M0 / = 310.43 316.15 / 17.26
= -0.33