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NMIMSGlobalAccess

SchoolforContinuingEducation(NGASCE)
Course:BusinessStatistics
InternalAssignmentApplicableforJune2017Examination

AssignmentMarks:30

Instructions:

AllQuestionscarryequalmarks.
AllQuestionsarecompulsory
All answers to be explained in not more than 1000 words for question 1 and 2 and for
question 3 in not more than 500 words for each subsection. Use relevant examples,
illustrationsasfaraspossible.
Allanswerstobewrittenindividually.Discussionandgroupworkisnotadvisable.
Studentsarefreetorefertoanybooks/referencematerial/website/internetforattempting
their assignments, but are not allowed to copy the matter as it is from the source of
reference.

Studentsshouldwritetheassignmentintheirownwords.Copyingofassignmentsfrom
otherstudentsisnotallowed

1. Sixty per cent of students applying for admissions at NGASCE are female. 30
applications were received on a particular day. What is the probability that exactly
15 of the applications will be from females? What is the probability that fewer than
10 of the applications will be from females? Also, calculate the expected number and
variance of the number of applications from females? (10 marks)

2. The following data represent the number of Pen drives sold per day at a local
computer shop and their daily average sales prices after bargain. (10 marks)

Price of each pen drive Units Sold


(x) (y)
INR 340 3

NMIMSGlobalAccess
SchoolforContinuingEducation(NGASCE)
Course:BusinessStatistics
InternalAssignmentApplicableforJune2017Examination
360 4
320 6
350 5
300 9
380 2
400 1

Develop a least-squares regression line and explain what the slope of the line
indicates. Compute the coefficient of determination and comment on the
strength of relationship between x and y.

3. The growth in bad-debt expense for Chadha and Chadha Company over the last 20
years is as follows.

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
0.11 0.09 0.08 0.08 0.1 0.11 0.12 0.1 0.07 0.09
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
0.08 0.05 0.04 0.08 0.5 0.01 0.4 0.03 0.11 0.13

a) With the help of different statistical tools discuss the financial health of the
company. (5 Marks)
b) Assume that you are a branch manager with a leading bank and if the Chadha
and Chadha Companys Managing Director approaches you with a funding
request for its expansion plan, what will be your decision? Justify your
decision based on your statistical analysis. (5 Marks)

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