Question MM Marks-20 n*p

Q1 8 sqt(npq) Post-Graduate
Q2 4 Executive Bat
Q3 4 Course T
Q4 4 Assignm
20 0 Note:
1. Use same answer sheet to answer (
Group No: answers)
2. Take assumptions if necessary and m
Roll no. Names
write to me in case of any query on s

Make groups of max. 6 members

 Post-Graduate Diploma in Management
Executive Batch (PGDM- Executive)

Course Title – Quantitative Methods

Assignment-1-MM-20
 

ame answer sheet to answer (Create separate worksheets A1, A2, A3, A4 for
)
ssumptions if necessary and make a note of it.

me in case of any query on [email protected]

Table 1: Customer Data
Primary Bakery Item Purchased Total Amount Spent by the Customer($)
Rating for Taste
Bread 21.99 5
Donuts 18.13 3
Bread 25.43 4
Pies 51.99 4
Bread 17.19 4
Muffins 15.19 3
Donuts 25.21 2
Cakes 70.59
Donuts 8.23 4
Muffins 21.13 4
Donuts 60.5 5
Cakes 91.85 1
Bread 31.59 2
Muffins 40.52 3
Cakes 82.16 2
Cookies 11.42 5
Rolls 24.19 5
Cookies 20.9 4
Bread 12.14 3
Bread 37.62 4
Cookies 43.69 4
Rolls 31.53 3
Bread 27.46 3
Donuts 35.48 1
Rolls 19.99 1
Cakes 55.13 1
Cupcakes 18.17 2
Cookies 16.17 4
Donuts 8.99 2
Donuts 5.71 5
Bread 11.98 3
Pies 58.19 3
Donuts 10.08 1
Cakes 57.63 5
Muffins 32.94 4
Bread 18.48 4
Cakes 79.17 3
Bread 41.44 1
Rolls 6.59 1
Bread 25.67 4
Cakes 57.19 5
Donuts 13.78 3
Muffins 34.52 2
Bread 25.74 1
Cookies 42.73 4
Bread 21.95 1
Cookies 31.44 4
Donuts 6.59 2
Rolls 18.95 1
Bread 43.99 3
Bread 35.89 4
Rolls 14.59 4
Cookies 23.25 2
Donuts 28.46 5
Donuts 5.46 2
Cookies 34.72 5
Cookies 25.83 2
Cookies 15.78 2
Muffins 36.76 3
Rolls 29.99 1
Donuts 12.98 4
Cupcakes 33.15 4
Cupcakes 12.15 1
Rolls 30.87 4
Cakes 64.58 5
Donuts 23.14 1
Cookies 12.96 5
Muffins 5.99 1
Cakes 67.36 5
Muffins 43.17 5
Donuts 14.83 2
Cookies 43.42 3
Cookies 17.55 2
Bread 12.55 4
Rolls 40.18 4
 n*p
sqt(npq)
Tina has recently taken over her grandparent’s bakery bus
Rating for Product sellection Rating for Service wants to continue the past success of the bakery which ha
2 4 Currently, the bakery’s primary products are bread, cakes,
rolls.
3 3  
2 4 Tina is curious to see which bakery products are the most
spends, and how customers would rate the bakery on taste
5 4 to track the primary bakery items purchased and the amo
5 4 these customers to rate the tastiness of the bakery’s produ
4 5 to five with five being the highest and one the lowest. Tabl
For example, Customer 4’s main purchase was pies, the cu
2 3 selection a 5, and service a 4.
3 3 Now that Tina has all this data, she needs some help organ
following included in a report:
3 2  
3 5 Q1.1 Primary bakery item purchased (Table 1)
aConstruct a frequency distribution and relative frequency
5 4 bConstruct a bar graph and pie chart.
4 2 cDiscuss the results of the tables and charts.
5 5  
Q1.2 Total amount spent by customers (Table 1)
2 3 aConstruct a frequency distribution and relative frequency
2 4 b Construct a suitable graph.
5 2 Q1.3 (Table 1)
5 3 Determine the following numerical measures: mean, medi
standard deviation, sample skewness, and the coefficient o
1 5 Q1.4 Discuss the shape of the data using both graphical an
1 5
3 4
5 4
1 1
2 3
5 4
5 2
5 2
1 1
4 2
4 1
4 1
2 2
5 2
4 3
5 3
5 4
2 5
2 4
1 5
1 2
1 4
5 3
2 1
1 3
1 3
2 4
3 1
1 2
4 1
4 4
3 3
1 2
1 5
2 5
4 3
5 3
1 5
4 2
3 5
3 5
1 3
2 5
5 1
3 3
3 5
4 5
3 4
2 2
3 2
2 3
1 1
2 5
2 3
5 3
3 3
2 1
 her grandparent’s bakery business. She is learning the new business and
uccess of the bakery which has been in her family for over fifty years.
ary products are bread, cakes, cookies, cupcakes, donuts, muffins, pies, and

bakery products are the most popular, the amount a typical customer
would rate the bakery on taste, product selection, and service. Tina decides
items purchased and the amount customers spend. In addition, she asks
tastiness of the bakery’s products, selection, and service on a scale from one
ghest and one the lowest. Table 1 shows the data for 75 customers surveyed.
main purchase was pies, the customer spent $51.99, and gave taste a 4,
.
ta, she needs some help organizing and analyzing it. She would like the
t:
urchased (Table 1)
ibution and relative frequency distribution for the data.
pie chart.
bles and charts.

customers (Table 1)
ibution and relative frequency distribution for the data.
.

merical measures: mean, median, mode, range, sample variance, sample

kewness, and the coefficient of variation.
e data using both graphical and numerical measures.
 n*p
Tina has recently taken over her grandparent’s bakery business. She is learning the new business and wants to continue t
years. The bakery’s primary products are sqt(npq)
bread, cakes, cookies, cupcakes, doughnuts, muffins, pies, and rolls. (Hint:Binom
 
Tina's new baker has been trying some new muffin recipes. She is curious to see how many of a batch of 15 will remain at
end of the day follows a binomial distribution and that there is a 15% chance that a muffin will not be purchased by the e
 
1.The expected number and standard deviation of muffins remaining.
2.The probability that all muffins will be sold.
3.The probability that7 muffins will remain.
4The probability that 8 or less muffins will remain.

 
In addition,Tina is curious about the number of people entering her bakery over a half-hour period. Suppose that custome
enter the store every 30 minutes. Help Tina determine the following: (Hint: Poisson)
 
6The probability that ten customers will enter the store in the next 30 minutes.
7The probability that seven or more customers will enter the store in the next 30 minutes.
8The probability that less than five customers will enter the store in the next 30 minutes.

Finally, Tina is curious about total daily sales at her bakery. Assume that daily sales are normally distributed with a mean o
following:

 
9.The probability that total daily sales will be less than $1250
iness and wants to continue the past success of the bakery which has been in her family for over fifty
ns, pies, and rolls. (Hint:Binomial Distribution)

of a batch of 15 will remain at the end of the day. Suppose that the number of muffins remaining at the
will not be purchased by the end of the day. Help Tina to determine the following:

period. Suppose that customer arrivals follow a Poisson distribution and that on average 10 customers

mally distributed with a mean of $1500 and a standard deviation of $250. Help Tina determine the
 Table 3 n*p
Month Number of Promotions Total Monthly Sales ($) sqt(npq) Tina notices that the bakery usually does mon
Q3Finally,
1 1 33,581 is truly a relationship between the number of promotio
2 3 37,560 past twelve months. Table 3 below provides the numbe
twelve months. For example, in Month 3 the total num
3 2 38,427 monthly sales was $38,427.
4 4 41,850 Total Sales vs. Number of Promotions (Table 3)
5 5 43,678 a Construct a scatter diagram for the total sales and the
findings.
6 3 40,909 b Determine the sample correlation between these vari
7 2 39,500
8 4
9 6 47,500
10 4 42,593
11 3 43,125
12 5 44,870
 s that the bakery usually does monthly promotions and wants to know if there
between the number of promotions and total sales. She gathers data from the
Table 3 below provides the number of promotions and total sales for the past
xample, in Month 3 the total number of promotions was 2 and the total
8,427.
r of Promotions (Table 3)
diagram for the total sales and the number of promotions data and report your

ple correlation between these variables and interpret.

Rating for Taste Rating for Product sellection Rating for Service n*p Tina wants to know know if the
5 2 4 sqt(npq) significantly. Use Analysis of Va
3 3 3 that atleast two types of rating
4 2 4
4 5 4
4 5 4
3 4 5
2 2 3
4 3 3
4 3
4 3 5
5 5 4
1 4 2
2 5 5
3 2 3
2 2 4
5 5 2
5 5 3
4 1 5
3 1 5
4 3 4
4 5 4
3 1 1
3 2 3
1 5 4
1 5 2
1 5 2
2 1 1
4 4 2
2 4 1
5 4 1
3 2 2
3 5 2
1 4 3
5 5 3
4 5 4
4 2 5
3 2 4
1 1 5
1 1 2
4 1 4
5 5 3
3 2 1
2 1 3
1 1 3
4 2 4
1 3 1
4 1 2
2 4 1
1 4 4
3 3 3
4 1 2
4 1 5
2 2 5
5 4 3
2 5 3
5 1 5
2 4 2
2 3 5
3 3 5
1 1 3
4 2 5
4 5 1
1 3 3
4 3 5
5 4 5
1 3 4
5 2 2
1 3 2
5 2 3
5 1 1
2 2 5
3 2 3
2 5 3
4 3 3
4 2 1
Tina wants to know know if the ratings given by the customers differs
significantly. Use Analysis of Variance to test the Alternative hypothesis
that atleast two types of rating differs significantly.
* Extra information(use if required)

Primary Bakery Count of Primary Bakery Item Purchased

Bread 16
Cakes 9
Cookies 13
Cupcakes 3
Donuts 15
Muffins 8
Pies 2
Rolls 9
(empty)
Total Result 75
Table 2: Total Amount Spent by Customers
Class Frequency
$ 0.00 to $ 9.99 4
$10.00 to $19.9 18
$20.00 to $29.9 20
$30.00 to $39.9 13
$40.00 to $49.9 3
$50.00 to $59.9 5
$60.00 to $69.9 4
$70.00 to $79.9 5
$80.00 to $89.9 2
$90.00 to $99.9 1
75
n*p
sqt(npq)
Q1.1 - Ans
Row Frequency Reletive Frequency(%)
a Bread 16 21.3333333333333 c Conclusion - As per the tab
Cakes 9 12 bread, donuts, and cookies
Cookies 13 17.3333333333333 customers, which is 16(21%
Cupcakes and pies are the l
Cupcakes 3 4 customers , which is 3(4%
Donuts 15 20
Muffins 8 10.6666666666667
Pies 2 2.66666666666667
Rolls 9 12
Grand Total 75 100

b Bar Graph of primary Bakery Items Pie

Purchased

16
15
13
Frequency

9 9
8

3
2
Bread Cakes Cookies Cupcakes Donuts Muffins Pies Rolls
Primary Bakery Item purchased

Frequency

Q1.2 - Ans

a Table 2: Total Amount Spent by Customers b

Class Frequency Reletive Frequency(%) Graph of Total amou
$ 0.00 to $ 9.99 4 5.33333333333333 25
$10.00 to $19.99 18 24 20
20 18
$20.00 to $29.99 20 26.6666666666667
$30.00 to $39.99 13 17.3333333333333 15 13
$40.00 to $49.99 3 4
Frequency

$50.00 to $59.99 5 6.66666666666667 10

$60.00 to $69.99 4 5.33333333333333 5 4

$70.00 to $79.99 5 6.66666666666667
$80.00 to $89.99 2 2.66666666666667 0
$ 0.00 to $10.00 to $20.00 to $30.00 to
$90.00 to $99.99 1 1.33333333333333 $ 9.99 $19.99 $29.99 $39.99
75 100 Total a
 0
$ 0.00 to $10.00 to $20.00 to $30.00 to
$ 9.99 $19.99 $29.99 $39.99

Total a

Q1.3 - Ans

Table 2: Total Amount Spent by Customers

Class Frequency Reletive Frequency(%) Total Amount Spent by the Customer($)
$ 0.00 to $ 9.99 4 5.33333333333333
$10.00 to $19.99 18 24 Mean 30.33266667
$20.00 to $29.99 20 26.6666666666667 Standard Error 2.254519915
$30.00 to $39.99 13 17.3333333333333 Median 25.67
$40.00 to $49.99 3 4 Mode 6.59
$50.00 to $59.99 5 6.66666666666667 Standard Deviation 19.5247152
$60.00 to $69.99 4 5.33333333333333 Sample Variance 381.2145036
$70.00 to $79.99 5 6.66666666666667 Kurtosis 0.909008892
$80.00 to $89.99 2 2.66666666666667 Skewness 1.110053107
$90.00 to $99.99 1 1.33333333333333 Range 86.39
75 100 Minimum 5.46
Maximum 91.85
Sum 2274.95
Count 75
Q1.4 - Ans

Conclusion :- The shape of the data appears to be

skewed to the right since Figure 3 shows a long right
tail, the sample skewness is positive, and the mean
is larger than the median. The grouped data in Table
2 results in a sample mean of $34.06 and a sample
standard deviation of $21.82.

These are approximations since the individual

customer total sales were not given.
onclusion - As per the table, Bar graph & pie chart , It appears that
read, donuts, and cookies are the primary bakery items purchased by
ustomers, which is 16(21%), 15(20%) & 13(17%) respectively.
upcakes and pies are the least primary bakery items purchased by
ustomers , which is 3(4%) & 2(3%) respectively.

Pie Chart of primary Bakery Items

Purchased
Bread
Cakes
Cookies
9; 12%
16; 21% Cupcakes
2; 3%
Donuts
8; 11% Muffins
Pies
9; 12%
Rolls
15; 20%
3; 4%13; 17%

raph of Total amount spent by Customers

20
18

13

5 5
4
3
2
1

$10.00 to $20.00 to $30.00 to $40.00 to $50.00 to $60.00 to $70.00 to $80.00 to $90.00 to

$19.99 $29.99 $39.99 $49.99 $59.99 $69.99 $79.99 $89.99 $99.99

Total amount spent by Customers

 1

$10.00 to $20.00 to $30.00 to $40.00 to $50.00 to $60.00 to $70.00 to $80.00 to $90.00 to

$19.99 $29.99 $39.99 $49.99 $59.99 $69.99 $79.99 $89.99 $99.99

Total amount spent by Customers

1
4
1
4
2
1
3
4
4
2
5
2
5
2
2
3
1
 n*p
sqt(npq) Relative freq=f/total f
Rating for TRating fRating for Service min 1
5 2 4 max 5
3 3 3 range
4 2 4
4 5 4
4 5 4
3 4 5
2 2 3
3 3
4 3 2 Bin Frequency
4 3 5 1 39
5 5 4 3 92
1 4 2 5 93
2 5 5 More 0
3 2 3
2 2 4
5 5 2
5 5 3
4 1 5
3 1 5
4 3 4
4 5 4
3 1 1
3 2 3
1 5 4
1 5 2
1 5 2
2 1 1
4 4 2
2 4 1
5 4 1
3 2 2
3 5 2
1 4 3
5 5 3
4 5 4
4 2 5
3 2 4
1 1 5
1 1 2
4 1 4
 5 5 3
3 2 1
2 1 3
1 3
2 4
3 1
1 2
4 1
4 4
3 3
1 2
1 5
2 5
4 3
5 3
1 5
4 2
3 5
3 5
1 3
4 2 5
4 5 1
1 3 3
4 3 5
5 4 5
1 3 4
5 2 2
1 3 2
5 2 3
5 1 1
2 2 5
3 2 3
2 5 3
4 3 3
4 2 1
req=f/total f interval bin range freq (f) relative freq
0-1 1 27 15.60694 Column1 Column2
2-3 3 71 41.04046
4 4-5 5 75 43.3526 Mean 3.081081 Mean 2.96
Standard E 0.161853 Standard E 0.168127
Median 3 Median 3
Mode 4 Mode 2
173 100 Standard D 1.392315 Standard D 1.456022
Sample Var 1.938541 Sample Var 2.12
Kurtosis -1.260988 Kurtosis -1.351903
Skewness -0.179763 Skewness 0.125176
Range 4 Range 4
Histogram Minimum 1 Minimum 1
Maximum 5 Maximum 5
100
Sum 228 Sum 222
80
Count 74 Count 75
Frequency

60
40 Frequency 0
20
0
1 3 5 More
Bin
Column3

Mean 3.173333
Standard E 0.153486
Median 3
Mode 3
Standard D 1.329228
Sample Var 1.766847
Kurtosis -1.084404
Skewness -0.114561
Range 4
Minimum 1
Maximum 5
Sum 238
Count 75
 Q no
Sample Size n 15 Q1.
Probability of success p 0.15
Probability of failure 1-p 0.85 Q2.
X= No. of muffins remaining Q3.
n*p 2.25 Q4.
sqt(npq) 1.382931669
Norm Dist Q6.
X: No of muffin remaining P(x) Cumulative Q7.
0 0.0873542191012517 0.0873542191 Q8.
1 0.23123175644449 0.3185859755 Q9.
2 0.285639228549075 0.6042252041
3 0.218429998302234 0.8226552024
4 0.115639410865889 0.9382946133
5 0.0448953006891097 0.983189914
6 0.0132045002026793 0.9963944142
7 0.0029959790375827 0.9993903932
8 0.0005287021831028 0.9999190954
9 7.2566966308232E-05 0.9999916623
10 7.6835611385187E-06 0.9999993459
11 6.1632843357102E-07 0.9999999622
12 3.6254613739472E-08 0.9999999985
13 1.4764322337341E-09 1
14 3.7220980682373E-11 1
15 4.3789389038086E-13 1

Poisson Dist
Average 10 per 30mins
X P(x) Cumulative
0 4.5399929762485E-05 4.539993E-05
1 0.0004539992976248 0.0004993992
2 0.0022699964881243 0.0027693957
3 0.0075666549604142 0.0103360507
4 0.0189166374010354 0.0292526881
5 0.0378332748020707 0.0670859629
6 0.0630554580034512 0.1301414209
7 0.090079225719216 0.2202206466
8 0.11259903214902 0.3328196788
9 0.125110035721133 0.4579297145
10 0.125110035721133 0.5830397502

Norm.dist
Mean 1500
Sd 250
 X: sales
1250 P(x<1250) 0.1586552539
Decription Formula used Answer
Expected num mean n*p 2.25 Approx 2 Muffin
Standard deviation sqt(npq) 1.382932 muffine will remain with her
p(x=0) binom.dist 0.087354
p(x=7) binom.dist 0.002996
p(x<=8) cumulative 0.999919

p(x=10) poisson.dist 0.12511

p(x>=7) 1-p(<=6) 0.932914
p(x<5) Cumulative 0.029253
p(x<1250) norm.ist 0.158655