TAXILA BUSINESS SCHOOL

PGDBM Reappear Examination (December 2011) Batch: Taxila/11/07/MBA/014 Subject: Business Statistics Date: December 19, 2011 Max. Marks: 50 Instructions:
1. Attempt all the questions. 2. Answers should be to the point. Unnecessary write ups will lead to loss in marks.

Term: One Exam Timings: 4:00 PM 6:00 PM Duration: 2 Hrs

1. Calculate Karl Pearsons coefficients of correlation from the following data: Weekly Income Savings in (Rs.) = Y ( Rs. ) = X 50 100 150 200 Total 400 8 4 12 600 12 24 6 42 800 9 7 2 18 1000 10 5 15 1200 9 4 13 Total 8 25 50 17 100

( 10 Marks)

2. The following data give the experience of machine operators and their performance ratings as give by the number of good parts turned out per 100 pieces. ( 8 Marks) Operator Experience ( X) Performance Ratings ( Y) 1 16 87 2 12 88 3 18 89 4 4 68 5 3 78 6 10 80 7 5 75 8 12 83

Calculate the regression line of performance ratings on experience and estimate the probable performance if an operator has 7 years experience. 3. Construct (a) fixed base, and (b) chain base index numbers from the following data relating to production of electricity: ( 8 Marks) Year 1989 1990 1991 1992 1993
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Production (000 Kwt.) 25 27 30 24 28

Year 1994 1995 1996 1997 1998

Production (000 Kwt.) 29 31 35 40 41

Year 1999 2000 2001 2002 2003

Production (000 Kwt.) 36 32 37 38 39

TAXILA BUSINESS SCHOOL

PGDBM Reappear Examination (December 2011) 4. Price of a particular commodity in 5 years in two cities are given below: Price of city A Prices of city B 20 10 22 20 23 12 16 15 19 18 ( 8 Marks)

Find from the above data the city which had more stable prices. 5. Calculate mean and mode for the following distribution: Profit/Loss ( Rs.000) No. of companies -50 to -25 18 -25 to 0 32 0 to 25 25 to 50 63 108 50 to 75 52 ( 6 Marks) 75 to 100 16

6. As accounts manager in your company, you classify 75% of your customers as "good credit" and the rest as "risky credit" depending on their credit rating. Customers in the "risky" category allow their accounts to go overdue 50% of the time on average, whereas those in the "good" category allow their accounts to become overdue only 10% of the time. What percentage of overdue accounts is held by customers in the "risky credit" category? ( 5 Marks) 7. A company owns 400 laptops. Each laptop has an 8% probability of not working. You randomly select 20 laptops for your salespeople. ( 5 Marks) (a) What is the likelihood that 5 will be broken? (b) What is the likelihood that they will all work? (c) What is the likelihood that they will all be broken?

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