STATISTICS

UNIT TEST 1 TOTAL : 50 Marks

Sl. S. Question 1-2 Marks

1 Give Example for:- 2
A Qualitative Variable
B Quantitative Variable

2 What are scale for below measurement and Why (Nominal,Ordinal,Interval,Ratio) 14

A Cardinal direction measured in degrees from true North is on________
B The departure from North is on __________________________________
C custom scores as any number between 1 and 5 which defines
satisfaction_________
D Temperature scale in Kelvin’s
E Color of belts in six sigma
F States Name of India
G Fahrenheit and Celsius scales of temperatures

3 Conclusion drawn about a population based from a sample is called __________ 1

4 In a survey questionnaire if a person chooses not to answer any question is 1
example of ________ bias
5 Calculate the 50th & 80 &percentile 1
18,33,26,18,21,24,19,22,18,52,56,27,20,18,49,22,20,23,32,20
6 Interquartile Range is measure of ___________________ 1
7 Explain why would we use the Standard Deviation when we already have its square 2
i.e. variance
8 If mean < median < mode is ____________________ distribution 1
9 State True/ False : Relative Kurtosis is always positive number 1
10 Rule of Chebyshev’s Theorem and Empirical Rule 2
11 Draw Box plot and explain the elements of the box plot 2
12 Draw Right – skewed and left – skewed Box Plot 1

13 ________________ qualitative measure of uncertainty 1

14 ________________ measure of dispersion 1
15 ________________ measure of central tendency 1
16 _____________ measure of degree of asymmetry of a frequency distribution 1
17 _____________ measure of spread 1
18 How is Objective Probability different from Subjective 1
Probability______________________
19 According to Fortune, 90% of endangered species depend on forests for the 2
Habitat they provide.7 If 30% of endangered species are in critical danger and
depend on forests for their habitat, what is the probability that an endangered
species that depends on forests is in critical danger?
20 Firm has 550 employees; 380 of them have had at least some college education, 2
In addition, 412 of the employees underwent a vocational training program.
Furthermore, 357 employees both are college-educated and have had the
vocational training. If an employee is chosen at random, what is the probability that
he or she is college-educated or has had the training or both?
21 Credit derivatives are a new kind of investment instrument: they protect 2
investors from risk.9 If such an investment offered by ABN Amro has a 90% chance
of making money, another by AXA has a 75% chance of success, and one by the ING
Group has a 60% chance of being profitable, and the three are independent of each
other, what is the chance that at least one investment will make money?
22 A coin is tossed and a single 6-sided die is rolled. Find the probability of landing on 2
the head side of the coin and rolling a 3 on the die.
23 What is Law of Total Probability? 2
24 An economist believes that during periods of high economic growth, the U.S. dollar 2
appreciates with probability 0.70; in periods of moderate economic growth, the
dollar appreciates with probability 0.40; and during periods of low economic
growth, the dollar appreciates with probability 0.20. During any period of time, the
probability of high economic growth is 0.30, the probability of moderate growth is
0.50, and the probability of low economic growth is 0.20. Suppose the dollar has
been appreciating during the present period. What is the probability we are
experiencing a period of high economic growth?
25 Row total of joint probability table is called _________________ 1
26 A chemical plant has an emergency alarm system. When an emergency situation 2
exists, the alarm sounds with probability 0.95. When an emergency situation does
not exist, the alarm system sounds with probability 0.02. A real emergency situation
is a rare event, with probability 0.004. Given that the alarm has just sounded, what
is the probability that a real emergency situation exists?
27 Major hiring in retail in Britain are as follows: 9,000 at Safeway; 5,000 at 2
Boots; 3,400 at Debenhams; and 1,700 at Marks and Spencer. What is the
probability that a randomly selected new hire from these was hired by Marks and
Spencer?