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14 views1 page

Problems 2

wodbdgdg dhdbdbfc dfhgfhfhbf

Uploaded by

dinesh982_482023050
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Question No. 1: Excel: 1_Salary: The starting salary of a sample of 125 MBA graduates are recorded a.

Determine the mean and median of the data b. What does the above statistic indicate? Question No. 2: Excel: 2_Money on Reading: A survey undertaken by the Labour Department to study the amount of money spent on reading material. a. Compute mean and median. b. What can you interpret from the above statistic? Question No. 3: Excel: 3_Money on Food: How much is spent on various food items? A sample of 350 American families were surveyed and asked to report the amount of money spent on fruits and vegetables. Compute mean and median and interpret the results. Question No. 4: Excel: 4_Accident: Many traffic experts argue that the most important factor in accidents is not the average speed of cars, but the amount of variation. Suppose that the speeds of a sample 200 cars were taken over a stretch of highway that was seen numerous accidents. Compute the variance and the standard deviation of the speeds and interpret the results. Question No. 5: Excel: 5_Steel Rod: Variance is often used to measure quality in productionline products. Suppose that a sample of steel rods that are supposed to be exactly 100 cm long taken. The length of each is determined and the results are recorded. Calculate variance and std deviation and interpret the results. Question No.6: Excel: 6_ House and Rate: A real estate developer of budget homes is in process of developing plan for the next several years. An analyst in the company believes that interest rates are likely to increase but remain at low levels. To help make decisions about the number of homes to build, the developer acquired the monthly interest rate and the number of new homes sold monthly (in 000) from 1963 to 2007. Calculate correlation and regression equation. Prepare a report on your findings Question no. 7: Excel 7_Cost estimation: The manufacturer has recorded its cost of electricity and the total number of hours of each machine time for 52 weeks. Estimate the fixed and variable electricity costs.

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