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Assignment Module02

This document contains 11 questions related to probability and statistics concepts. Question 1 asks to identify the data type for various attributes. Question 2 asks to identify nominal, ordinal, interval, and ratio data types. Question 3 asks to calculate the probability of obtaining two heads and one tail when three coins are tossed. Question 4 asks to calculate probabilities related to sums when two dice are rolled. Question 5 asks to calculate a probability related to drawing balls from a bag. The remaining questions ask to calculate expected values, means, medians, modes, variances, standard deviations, ranges, outliers, probabilities of events, and measures of risk for various datasets and scenarios.

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karthik karti
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137 views

Assignment Module02

This document contains 11 questions related to probability and statistics concepts. Question 1 asks to identify the data type for various attributes. Question 2 asks to identify nominal, ordinal, interval, and ratio data types. Question 3 asks to calculate the probability of obtaining two heads and one tail when three coins are tossed. Question 4 asks to calculate probabilities related to sums when two dice are rolled. Question 5 asks to calculate a probability related to drawing balls from a bag. The remaining questions ask to calculate expected values, means, medians, modes, variances, standard deviations, ranges, outliers, probabilities of events, and measures of risk for various datasets and scenarios.

Uploaded by

karthik karti
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Q1) Identify the Data type for the Following:

Activity Data Type


Number of beatings from Wife
Results of rolling a dice
Weight of a person
Weight of Gold
Distance between two places
Length of a leaf
Dog's weight
Blue Color
Number of kids
Number of tickets in Indian railways
Number of times married
Gender (Male or Female)

Q2) Identify the Data types, which were among the following
Nominal, Ordinal, Interval, Ratio.
Data Data Type
Gender
High School Class Ranking
Celsius Temperature
Weight
Hair Color
Socioeconomic Status
Fahrenheit Temperature
Height
Type of living accommodation
Level of Agreement
IQ(Intelligence Scale)
Sales Figures
Blood Group
Time Of Day
Time on a Clock with Hands
Number of Children
Religious Preference
Barometer Pressure
SAT Scores
Years of Education

Q3) Three Coins are tossed, find the probability that two heads and one tail are
obtained?

Q4) Two Dice are rolled, find the probability that sum is
a) Equal to 1
b) Less than or equal to 4
c) Sum is divisible by 2 and 3

Q5) A bag contains 2 red, 3 green and 2 blue balls. Two balls are drawn at random.
What is the probability that none of the balls drawn is blue?

Q6) Calculate the Expected number of candies for a randomly selected child
Below are the probabilities of count of candies for children (ignoring the nature of
the child-Generalized view)
CHILD Candies count Probability
A 1 0.015
B 4 0.20
C 3 0.65
D 5 0.005
E 6 0.01
F 2 0.120
Child A – probability of having 1 candy = 0.015.
Child B – probability of having 4 candies = 0.20
Q7) Calculate Mean, Median, Mode, Variance, Standard Deviation, Range &
comment about the values / draw inferences, for the given dataset
- For Points,Score,Weigh>
Find Mean, Median, Mode, Variance, Standard Deviation, and Range
and also Comment about the values/ Draw some inferences.

Q8) Calculate Expected Value for the problem below


a) The weights (X) of patients at a clinic (in pounds), are
108, 110, 123, 134, 135, 145, 167, 187, 199
Assume one of the patients is chosen at random. What is the Expected
Value of the Weight of that patient?

Q9) Look at the data given below. Plot the data, find the outliers and find out
𝜇, 𝜎, 𝜎 2

Name of company Measure X


Allied Signal 24.23%
Bankers Trust 25.53%
General Mills 25.41%
ITT Industries 24.14%
J.P.Morgan & Co. 29.62%
Lehman Brothers 28.25%
Marriott 25.81%
MCI 24.39%
Merrill Lynch 40.26%
Microsoft 32.95%
Morgan Stanley 91.36%
Sun Microsystems 25.99%
Travelers 39.42%
US Airways 26.71%
Warner-Lambert 35.00%

Q10) AT&T was running commercials in 1990 aimed at luring back customers who
had switched to one of the other long-distance phone service providers. One such
commercial shows a businessman trying to reach Phoenix and mistakenly getting
Fiji, where a half-naked native on a beach responds incomprehensibly in
Polynesian. When asked about this advertisement, AT&T admitted that the
portrayed incident did not actually take place but added that this was an
enactment of something that “could happen.” Suppose that one in 200 long-
distance telephone calls is misdirected. What is the probability that at least one in
five attempted telephone calls reaches the wrong number? (Assume
independence of attempts.)
Q11) Returns on a certain business venture, to the nearest $1,000, are known
to follow the following probability distribution
x P(x)
-2,000 0.1
-1,000 0.1
0 0.2
1000 0.2
2000 0.3
3000 0.1

(i) What is the most likely monetary outcome of the business venture?
(ii) Is the venture likely to be successful? Explain
(iii) What is the long-term average earning of business ventures of this
kind? Explain
(iv) What is the good measure of the risk involved in a venture of this
kind? Compute this measure

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