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7. A ______________is the collection of all the elements under statistical investigation and
about which we are trying to draw some conclusions.
a) Population b) Sample c) Statistics d) Parameter
8. The tendency of the observations to concentrate around a/an ____________ is known as
central tendency.
a)beginning point b)central point c)randomly selected point d) end
point
9. The arithmetic mean of a set of observations is their _________ divided by the number of
observations.
a) multiplication b) Addition c) Subtraction d) Division
10. ______________ is a graphical device for depicting data that have been summarized in a
frequency, relative frequency or percentage frequency
a)Frequency Polygon b) Ogive c)Bar Graph d)Pie Chart
11. Collection of data is not a big problem but meaningful interpretation of data requires
(True / False )
12. Although the size of business is increasing every day, yet there is no increase in
(True / False )
13. In all the functional areas of business, like accounting, finance, management, and
14. The use of various statistical software like MS Excel, Minitab, SPSS, and SAS has
(True / False )
15. The scale of measurement of a variable is a nominal scale when data are labels
False )
18. In the interval level measurement, the distance between two consecutive numbers is
not meaningful.
(True / False )
19. A measure of central tendency is a single value which is used to represent an entire
20. Arithmetic mean is based on very few observations of a series and is not capable of
(True / False )
ROLL
NUMBER:..................
MAX MARKS: 100 Time: 2 hr MARKS SCORED: ............. Dated: 27th Oct 2010
Year: 1st Tri Sem : I
Q1. A marketing research company goes for the in depth research for a FMCG company and
try to find reasons for the market variations for its demand. In the process it revels through
the response of the customers following data. Find the correlation between the two
parameters based on their grades using RANK correlation method.
X 24 27 28 29 30 32 33 35 31 40 25
Y 18 20 22 25 21 28 30 32 27 19 23
Q2. Find the REGRESSION coefficient bxy & byx for the following data using step deviation
method.
Production (X) in 10 10 10 10 10 10 10 10 10 10 11
`000 0 1 2 3 4 5 6 7 8 9 0
Demand (Y) in 98 99 96 97 95 92 94 91 93 10 90
tonnes 0
Q3. In a certain industry the Sales of the certain commodity from year 1973 –
1983 in (`000 tonns) is given. Obtain following using Least square method.
Q1. Define Sampling. Also explain in detail any three types of sampling that can be used
by the Market Researcher of mentioned below.
[10]
Q2. a) What do you mean by regression? Explain the importance of Regression. Also
compare between correlation and regression.
[5]
b) Find the Regression equation for the following question for following data
[5]
Averag Standard
i) X on Y ii) Y on X e Deviation
Given correlation (r) between
rainfall and production is 0.8 Rain fall (in 30 5
inches)
Q3. Construct the PRICE INDEX number
for following data for mentioned below Production (in 50 10
methods:- [10] Tonn)
i)Paasches’s Index
ii)Fisher’s Index
iii)Bowely’s Index
iv)Laspayer’s Index
v)Marshall’s Index
Q4. A) Write the Formulae`s or Conditions for ANY FIVE terms in context to Probability
[5]
i) Baye’s Theorem
ii) Bernoulli’s (Binomial) Theorem Year 1997 1998
iii) Permutation & Combination
iv) Mutually Exclusive Event Price Quantity Price Quantity
v) Pair wise Independent & Mutually A 2 8 4 6
Independent Event
vi) Addition & Multiplication B 5 10 6 5
C 4 14 5 10
B) First bag contains 3 white and 4 red
balls. Second bag contains 5 white and 6 D 2 19 2 13
red balls. One red balls is drawn at
random from one bag and found to be
“WHITE”. Find probability that it is from 1st Bag. [5]
OR
B) The incidence of the occupational disease in an industry is such that the worker have
20% chance of suffering from it. Using Binominal theorem, calculate the probability that
out of 6 workers, 4 or more will get contact with disease.
[7]
Q5. In a bolt factory machine A,B & C manufacture respectively 25%, 35% and 40% of the
total production. If the output is 5%, 4% and 2% defective bolts. A bolt is drawn at random
from the product and is found to be defective. What is probability that it was
manufactured by machine B. 10]
OR
Q5. A problem in statistics is given to 3 students A,B & C. The probability to solve the
question for P(A)=1/2, P(B)=3/4, P(C) = 1/4. Find the probability that either A or B or C
can solve the question. 10]
Q6.A) Explain Time series Analysis under the perspective of
[6]
i)Trend Analysis ii) Seasonal Variations
iii) Cyclic Variations iv) Irregular Variations
B) Data below gives the average quarterly prices of a commodity for 4 years. Calculate
the Seasonal
Year 1st 2nd Quarter 3rd 4th
indices. [4]
Quarter Quarter Quarter
2001 40 44 46 48
2002 50 53 55 59
2003 47 50 52 55
2004 55 59 61 65
Q7.a) What is Chain
Index Number. Write the expression for CHAIN INDEX and advantages and disadvantages
of Chain Index Number.
[4]
b) Following data gives average whole sale price for the 4 groups of commodity from year
79 to 83. Commute CHAIN based Index Number.
B 3 6 9 4 3
C 3 12 20 8 16
D 5 7 18 11 22