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Assignment Module 02

The document contains examples of different types of data including numerical discrete data, numerical continuous data, and categorical nominal data. It also provides examples of different data types including nominal, ordinal, interval, and ratio scales. Finally, it poses several probability and statistics problems involving concepts like probability calculations, measures of central tendency, outliers, standard deviation, expected value, and distributions.

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Ravi Kumar Gokanakonda
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113 views

Assignment Module 02

The document contains examples of different types of data including numerical discrete data, numerical continuous data, and categorical nominal data. It also provides examples of different data types including nominal, ordinal, interval, and ratio scales. Finally, it poses several probability and statistics problems involving concepts like probability calculations, measures of central tendency, outliers, standard deviation, expected value, and distributions.

Uploaded by

Ravi Kumar Gokanakonda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Activity Data Type

Number of beatings from Wife Numerical - Discrete Data


Results of rolling a dice Numerical - Discrete Data
Weight of a person Numerical - Continuous Data
Weight of Gold Numerical - Continuous Data
Distance between two places Numerical - Continuous Data
Length of a leaf Numerical - Continuous Data
Dog's weight Numerical - Continuous Data
Blue Color Categorical - Nominal Data
Number of kids Numerical - Discrete Data
Number of tickets in Indian railways Numerical - Discrete Data
Number of times married Numerical - Discrete Data
Gender (Male or Female) Categorical - Nominal Data
Q1) Identify the Data type for the Following:

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

Q3) Three Coins are tossed, find the probability that two heads and one tail are
obtained?
 3/8 or 0.375 or 37.5%
Q4) Two Dice are rolled, find the probability that sum is
a) Equal to 1  0
b) Less than or equal to 4  6/36 or 1/6 or .167 or 16.7%
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?
 The probability that neither ball drawn was blue is 10/21 or 0.476 or 47.6%
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 , σ2

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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