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Statistics Assignment

This document outlines 20 statistical analysis assignments for managers including: 1) Explaining applications and limitations of statistics for managerial decision making 2) Discussing sampling methods and their importance 3) Explaining design of experiments 4) Discussing non-parametric tests with examples 5) Writing short notes on various statistical concepts 6) Calculating missing frequencies from expenditure data to determine median and mean 7) Determining statistical measures from data series 8) Calculating standard deviation from frequency distribution 9) Finding Bowley's coefficient of skewness from wages data 10) Calculating probability of equipment failure from component failure probabilities 11) Estimating number of workers with certain weekly wages from normal

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73 views4 pages

Statistics Assignment

This document outlines 20 statistical analysis assignments for managers including: 1) Explaining applications and limitations of statistics for managerial decision making 2) Discussing sampling methods and their importance 3) Explaining design of experiments 4) Discussing non-parametric tests with examples 5) Writing short notes on various statistical concepts 6) Calculating missing frequencies from expenditure data to determine median and mean 7) Determining statistical measures from data series 8) Calculating standard deviation from frequency distribution 9) Finding Bowley's coefficient of skewness from wages data 10) Calculating probability of equipment failure from component failure probabilities 11) Estimating number of workers with certain weekly wages from normal

Uploaded by

SAMRUDA SADANAND
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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STATISTICS FOR MANAGERS - ASSIGNMENT

1. Explain the applications of statistics in managerial decision making. Also discuss the
limitation of statistics.

2. What is sampling? Why is it important? Discuss the methods of sampling.

3. Explain design of experiments.

4. What are non parametric tests. Discuss with suitable examples.

5. Write short notes on

a) Diagrammatic representation of data


b) Decision tree
c) Null hypothesis and alternative hypothesis
d) Point estimation and interval estimation
e) Type I and type II error
f) Confidence limit
g) One tailed and two tailed test.
h) Bayes’ theorem
i) Poisson and Binomial distribution.

6. The expenditure of 1000 families is given as under:

Expenditure (in 40-59 60-79 80-99 100-119 120-139


Rs.) :
No of families 50 ? 500 ? 50

The median and mean for the distribution are both Rs. 87.50. Calculate the missing frequencies.

7. From the following series determine interquartile range, quartile deviation and their
coefficients

Roll No 1001 1002 1003 1004 1005 1006 1007 1008


Marks 94 95 96 93 87 79 73 69

8. Calculate the standard deviation of the following

class 20-25 25-30 30-35 35-40 40-45 45-50


Frequency 18 44 102 160 57 19
9. Find out Bowley’s coefficient of skewness

Wages 200 210 220 230 240 250 260 270


in Rs
No of 685 500 423 389 209 73 50 0
laborers

10. A machinery will function only if all its three components, P Q and R are working. The
probability of P failing during one year is 0.15, that of Q failing is 0.05 and that of R failing
is 0.10. What is the probability that the equipment will fail before the end of the year?

11. The weekly wages of 2000 workers are normally distributed. Its mean and standard
deviation are Rs. 140 and Rs. 20 respectively. Estimate the number of workers whose
weekly wages will be:
a) Between Rs. 120 to Rs. 130
b) More than Rs. 170
c) Less than Rs. 160
d) Between Rs. 135 and Rs. 145
e) Between Rs. 138 and Rs. 150

12. From the following data construct the Fishers ideal index number and show that it satisfies
the
1) Time reversal test and 2) Factor reversal test

Items Base year Current year


PRICE QUANTITY PRICE QUANTITY
P 6 50 10 56
Q 2 100 2 120
R 4 60 6 60
S 10 30 12 24
T 3 40 8 30

13. Calculate Pearson’s coefficient of correlation between advertisement cost and sales as per the
data given below:

Advertisement 39 65 62 90 82 75 25 98 36 78
cost
Sales 47 53 58 86 62 68 60 91 51 84
14. From the following data relating to sales and net profits of the firm find the correlation
coefficient using Spearman’s rank method

Sales in Rs 60 80 90 60 100 130 120 110


Profits in Rs 30 40 50 40 60 70 40 75

15. From the following data obtain the regression equation of x on y and predict x when y=20

X 1 2 3 4 5 6 7 8 9
y 9 8 10 12 11 13 14 16 15

16. Using method of least square compute the trend values and draw the line of best fit for the
following series:

Day 1 2 3 4 5 6 7
Sales 20 30 40 20 50 60 80

17. Using chi square analysis, determine the incidence of job-related conflicts by trained and
untrained personal

Personal Conflicts No Conflicts Total


Trained 20 180 200
Untrained 30 130 160
Total 50 310 360

18. A new brand of toothpaste was introduced in some targeted sales points in 4 metros. The
following table given the sales:

Metro Sales in thousands per month


P 14 16 17 16
Q 12 11 13 9
R 11 9 11 11
S 16 18 20 15
Using ANOVA, test the significance of difference between the sales of the toothpaste in the
four metros.

19. Set up ANOVA for the following per hectare yield for three varieties of wheat and yield by
four plots

Plot of land Variety of wheat


A1 A2 A3 total
1 6 5 5 16
2 7 5 4 16
3 3 3 3 9
4 8 7 4 19
Total 24 20 16 60

20. A decision problem has been expressed in the following payoff table. What will be the
manager’s decision if he has
1) Maximax criterion
2) Maximin criterion
3) Minimax regret criterion
4) Hurwicz criterion of the coefficient of operation ( ) is 0.7
5) Laplace Criterion

States of nature Alternative A Alternative B Alternative C


E1 2000 2800 1600
E2 2500 1200 1500
E3 1500 1800 1100

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