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QT-Assignment 1 - Nov22

This document contains 9 questions related to analyzing statistical data using measures such as mean, median, mode, range, and constructing various price indices. The questions involve presenting data in tables and graphs, comparing data sets, calculating descriptive statistics, and determining how changes to price and quantity data impact different index numbers.

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Rafiq Bawany
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136 views4 pages

QT-Assignment 1 - Nov22

This document contains 9 questions related to analyzing statistical data using measures such as mean, median, mode, range, and constructing various price indices. The questions involve presenting data in tables and graphs, comparing data sets, calculating descriptive statistics, and determining how changes to price and quantity data impact different index numbers.

Uploaded by

Rafiq Bawany
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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Question -1

From two censuses of a population’s occupations, carried out in 2000 and 2010, the following
figures were obtained (all values are in ‘000s).
Out of 3720 males employed in non-manual occupations in 2000, 450 were employed in professional jobs, 1290 in
administration, 500 were shop-keepers, 690 were clerical workers, 480 shop assistants and the remainder in
personal services. Of the 3870 women employees in non-manual occupations in 2000, 40 were in professional jobs,
780 in administration, 160 were shop-keepers, 1090 were clerical workers, 560 shop assistants and the rest in
personal services.
In 2010, the number of male employees had gone up by 850. There were increases of 210 in professional jobs, 80 in
shopkeepers, 120 in clerical workers and 20 in personal services. The number in administration was then 1620. In
2010, the female total was 4730. Female clerical workers were 1540, in personal services 1360 and in administration
920. Female shop assistants increased by 110 in 2010, and professional women by 10.
Present the above information in a table and graphically suitable for reproduction in a national
newspaper.

Question-2

Information has been collected on consumption and investment in a number of industries in

Europe and presented in the following table:


Present this information using:
(a) pie charts;
(b) appropriate bar charts.
Industrial Sources for Consumption and Investment Demand (Euro thousand million)

Question-3

The table below shows a company’s quarterly profit and its share price on the Stock Exchange over three years.
Construct a suitable graph to represent this data and comment on the behaviour of profit and share price over the
three years.

Question 4-
The mileages recorded for a sample of company vehicles during a given week gave the following data:

(Data set CSE8.xlsx can be found on the book’s online platform.) Determine the mean, mode and a five figure
summary of the data. What do these descriptive statistics tell you about the distribution of the data?
Data now becomes available on the remaining ten cars owned by the company and is shown below. How does this
new data change the measures of location which you have calculated?

Question -5
A company has large production centres in two towns. The table below represents the distribution of weekly pay of
the full-time production staff at these two centres:
Using appropriate calculations compare the weekly pay levels for the two sets of production staff.

Question -6
The mileages recorded for a sample of company vehicles during a given week yielded the following data:

(i) Determine the range, quartile deviation and standard deviation from these figures.

Question -7
The following two grouped frequency distributions represents the times, over a one week period, that patients had to
wait before seeing a doctor in the Accident and Emergency department of two hospitals.

a. determine the mean and standard deviation of waiting times for each hospital;
b. determine the coefficient of variation and a measure of skew for each hospital’s waiting times;
c. with reference parts (a), (b) and (c) discuss the differences in waiting times between the two hospitals.

Question – 8
The following information was recorded for a range of DIY items.

a. Construct a simple price index for item Y using Year 0 as the base year.
b. Determine the simple aggregate price index using Year 0 as the base year.
c. Determine the price relatives index using Year 0 as the base year.
d. Calculate the Laspeyres price index using Year 0 as the base year.
e. Calculate the Paasche price index using Year 0 as the base year.

Question – 9
With the data below to find the all-items index numbers listed below for Years 1 and 2 with Year 0 as the base year.
a. Laspeyres price index.
b. Laspeyres quantity index.
c. Paasche price index.
d. Paasche quantity index.
e. A value index.

Further information now comes to light which changes various price and quantity data in the table. Use your
spreadsheet to find the effect on the ten index numbers you have already constructed in each of the following:

f. Year 2, quantities change to:


A 207 B 400 C 1545

g. Year 2, prices change to:


A 3.70 B = 2.75 D = 4.54 F = 12.99 G 0.60 J 59.99

h. Year 2, quantities change to:


B 196 C 710 E 289 F 85 G 70
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