BUSINESS STATISTICS

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Note: Attempt any Four, all questions carry equal marks Time Allowed 3 hours
1. The following scores were worked out from a test in Mathematics and English in an annual
examination.
Scores in Mathematics (x) English (y)
Mean 39.5 47.5
Standard Deviation 10.8 16.8 r= +0.42
Find both the regression equations. Using these regression estimate find the value of
Y for X = 50 and the value of X for Y=30.
2. The following table gives the birth rates and death rates per thousand of few countries.
Represent them by multiple bar charts.
Country Birth Rate Death Rate
India 33 24
Japan 32 19
Germany 16 10
Egypt 44 24
Australia 20 9
New Zealand 18 8
France 21 16
Russia 38 16
3. The following table shows the distribution of the maximum loads in short tons supported
by certain cables produced by a company.
Max load 9.8-10.2 10.3-10.7 10.8-11.2 11.3-11.7 11.8-12.2 12.3-12.7
No of 7 12 17 14 6 4
cables
Determine the mean

4. The weights in milligram of 2538 seeds of the long leaf pine were as follows:
Weight (milligram) No of Seeds Weight (milligram) No of seeds
10---24.9 16 85---99.9 655
25---39.9 68 100---114.9 803
40---54.9 204 115---129.9 294
55---69.9 233 130---144.9 21
70---84.9 240 145---159.9 4
Calculate and interpret the Lyon Bowley's coefficient of skewness.
 5. Compute the Marshall Edge worth and Fisher's ideal index No for 2011 taking 2010 as
base and also for 2010 taking 2011 as a base.
Quantity (units) Value(Rs)
Commodity
2010 2011 2010 2011
1 100 150 500 900
2 80 100 320 500
3 60 72 150 370
4 30 33 360 298

6. Compute Coefficient of variation from the following data

Age: under 10 under 20 under 30 under 40 under50 under60
No of 10 18 30 45 60 80
Persons Dying

7. Write Short Note on any two of the Following

a) Importance of Statistics in Business
b) Uses of Average
c) Steps to construct Index Number