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0% found this document useful (0 votes)
73 views19 pagesStatistics 3rd & 4th
Uploaded by
Shimul HossainCopyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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/ 19
if |
Department of Accou!!"8 & Informati
Za a8, Sagat vey wo
atch 2" Year 1 Seo" Ser Final Exam
ser ag an eminaon, 2020
Course No: ACCT 2103,
Time: 3 Hours Course Title: Basic Statistics
Total Marks: 60
Answer ar J
‘question must be sllsWered sequentially,
Question# 01
b. Explai
9 ane of statistics as a business Nd managerial tool.
efficacy enna Questionnaire containin& Not more than 20 questions to find out the
'A program, Jagannath university, Bangladesh.
Question# 02
a Discus i
SS the vatious-methods-of collecting primary-data, Indicate the situations in which
be Tae these methods shouldbe used
lowing frequency distribution related to the number of hours worked per month of
50 workers of a factory,
Numbers of hours worked | Frequency |
30-55 3
35-80 4
30-105 6
105-130 9
130-155 2
155-180 iT
180-205 3
Construct avhistogram and frequency:polygon with the above data and comment on the
shape of the distribution. i
The following funds in assistance were sanctioned and disbursed during 2015-16 to 2020-
21 by a financial institution.
Year Amount sanctioned | Amount disbursed
(taka crore) (taka crore)
2013-14 2444 2066
2014-15 2607 2339,
2015-16 2905 2582
2016-17 3449 2961
2017-18 4394 3293
2018-19 4378 3781
2019-20 S791 4258
2020-21 5727 5041
Represent the data by appiediagram-y
2 Why standard deviation te most iy wed as a metus varton?
b. For the two firms A and B belonging to same industry, the following details are available:
Details & Firm B
Number of employees 240
‘Average wage per month Tk. 170
Standard deviation ofthe wage per month TS
‘Which firm pays out larger amount as monthly wages?
Which firm shows greater variability in the distribution of wages?
Find average monthly wage and the standard deviation ofthe wages of
all employees in both the firms.
Find-
iii, | Combined
200
[7-746
Questioni# 04
ent of
b. Why do we need relative measures of dispersiga? Explain he superiority of eo-effici
as follows:
variation over standard deviation,
¢. Inasurvey, data on daily wages paid to workers of two factories A and B are
Daily Wages [Factory A [Factory B
20-30 15 25
30-40 30 40
40-50 45 60
50-60 60 35.
60-70 30 30
70-80 4 15
80-90 7 5
Find out;
I. Which factory pays higher average wages? By how much?
D sc
coefficient.
Question# 05
Il. Monthly wage bill of both factori
(month 25
days)
[fis
4
5
a. A study was made by a reiail merchant to determine the relation between weekly 10
advertising expenditure and sales. The following data are recorded
Expenditure(TK.) [40
20
25%
E130
50.
40,
20
50
Sales (TK.) 385
400
395 | 365
475,
440
490.
420
i, Plot a scatter diagram and interpret
ii, Calculate the correlation coefficient and interpret ‘a
iii, Find the regréssion line to predict weekly sales from advertising
expenditure
iv. Find coefficient of determination and interpret
v. Estimate the weekly sales when
a. Briefly discuss some of the reasons why a samy
ivertising costs are 350 and 450
5
ple is chosen instead of instead of testing the 5
entire population? State the importance of sampling in business.
b. Distinguish between sampling error and non -sampling error. What are their sources and 5
how these can be controlled?
©. What do you understand by simple random sampling? Discuss how can you draw simple 5
random sample of size 10 from a population of size 100?
= _Lieio Plehales
— Shetisties
2@. Definethe farm Plelstes 2
Accomeling wh the Croxton £ Gucden,
Sietsties isthe adience uhleh dale wit-the collection
presattetin, and analygis of nwneriaal data.
LO_ ease he vetious methda vf collecting. prémaney
chta?
“The ‘imporctinit metods oft collexeting primacy chfa one?
A Tigh Trkewieus
2 “Threw Questionnaires
3. Sehadyles
4. “Through LocaaS agents
a “Mictough Observectons
6. Dire Experimentation. 20 Harrogrcam?
Histogram 1s ore of he yg popula 2 ticket
used graphical p metils, re mernoenting tre Frequency
dytributon. less fitheneval are marked feng thes
X ate 4. the, Shaquendies alkeng, fhe Y as:
according fo citable gade.,
Frejueney Clygon
Freeney Paygen. 6 a gar teat ~fo represcerct
Frequeney. ctetdbutin. —Wetrichaes [oP
Class “wherval arc settee! m X ola and the
Frequencies dene the YX ads.
20_, fe ciegran _
A pi] liagrarm is prcelly_ used to aout howe
@ whole is divided among sayercal erdepsrdas.
Effective may of presenting pores shen Hee
tutho fe quart fo saken as JOD. OY pa
" ancl| deviation 4
ee, i ae ea
NE tance nee tO I aul
agi slang eviatin 2s sthe bent Merruce of
agen ey ch HS medthemadtan! charzeserd shies
zt Sry Heme of the dintkibletton.
is amen le to algebra treatment
Gi) TH tons, aPeated by Muastion Phrehucction
of >ampting: than mot other: meanuress of vardation.
WY) Ty prniihle Jo ailaulate, the combined astandate
ceviatim of shoo oe mote qrceups« This in mot
Pordble. Sth any. sthen_ mearurers.
Fore eempariing. the vari bitty of hon ore mee
ees coetetant of yard ation ‘nm @nkidered
0 be mist appreprd ce. and thin mearuwen
baned en mean arel ortanclred! deviation,
WA) Skandared ceviadtn in moat prceminertly ured in
Parcdhre rt seta retical perk.
SS 4, lhe} do pe mean con, by idiapert Siem
Solution:
The eae men of es of He
valves of ay data j= among 7 them malves a calles a
Teter of) diapercnion ore ‘esuaton when
“The /laBere the, meanurce of cnperesiion “GW be the
are at hol A
motce sir lee che cover rare fo each othe.
“The Figherc meanurce of inp pion, All be, the a>
Bmtilare the »e0mer aree Ho ah there -
init oiea ithe Hrepiben'of matauesd of dixperction 2
2 Eehetiones, Meanicen lof), tixpercrston up needed! br
ZA. Syste! Yaa sve.) pureporer « There! EE toh
ne deteratiine the, yectialility. of aa 7
Qe reme ana aan tel the control ot the vari
5.7% omens fe ors. ese _DeS™ rth veapard fo
1 Sere etal. 1 onMiins
"go daha ahi aanpurfecnn ‘ot atherc wadriieal
_meanurte Tig etre Starchoed desialon! ond GV. @
Slativns:
“Stncksel Devielen The poxttiye ‘aquoree reo of
Varianes “th aalledt standard deviatton.
Rpulatin sskmcloed devialfo. in daroted by oo
ard “tt ts aalaulated by the feremufa—
rye ee
St Gottibert of Venda): 1 Re ty the mann
and © “tp the otemdared deviatin 6 a popul tion,
chia ret the ave Hato of Variety Conte
by Vw defined by ee !lefhen arttlhymatio
MEAN V9 md gq
acral! Yorctona © tah
Del mecneuree of
hen q
Moke wre mediqn
(2% before
| a. u AS ane qed Megsurce wf eantel ef
| 18 are Trak skewed "deta
8nd.
¢f edireme Values,
2 Gem vet eaiaulate quatttartive dele,
4. Gan net Roel Frapicdly.
Awe a QV is baller flan 3b, re
(Qor
> Bes SD am nod comporee the vark i
ten ore mre dstritoudin.
hee
wre numbsy th an eaxmparne
ev sa ep
ah fuse oC OTE Aystrabvstions -
Verclal fi 7
7 & Sperkzmen's Tank eo recelastren
at ad advan: ye of >
(ation .
Is oa
6VETT pram
Rw used Xo “in
be eafe
reecclation Gan
: Z Aitinere rel adfonship
ase od \ineou and Cw
befocen ty variables. 3. Pate. amredatin am be weal bre Brding
‘| Hhe easodatin befmeen ows qualitative as
Woe gg fun quartiedtive varvables. whee
Sample corereetohhn er ee fetes pied
vary ables » “fol
»{@; Leegclaoy Mace the
Redetombip, betwcay spe oe
More yar’, Aplen
a oe t ‘are ration
Dot Fel he fie"
fetctonaip tachoeen the
vexctoblen .
1@ a value of correlation
effet icy hofacen
el ad 34
e_averen rectectinskap
oe rs he ramebrd variable 4
ye the tet Verciblex,
KV! a J
essinn vale ‘ny an
| abmutrbe, value .
tren Aneore relefornhip
Ibehaeen she variables,
@ “he value of Freep reason,
evothiavort hes belaeen.
— end ae
ae Br cect 3
bekaesm Jory or mone yerciqbles
ee addin, the Jeedishre aid @) sf the. be elftcnent of
forreedetin tn postive. “then
Hhe tao yaodables ace
paitvey. coraolated & |i
| | Mae -vertrc- i
\
4
“Ny
Oe! repose | era
explain at the decrease.
in! axe one. sadable jn
arneaighal ‘ath the inaness=
tn the. ctherd variable. :
vi) The
(i) Qorercelation ere dia
ut
Rls | OD) Regreeasriran asf fidient
in ndependert z Ghemge| 1) ackapondert ok there
rit. de
n Sout nod diseale.
af) eercrectetion
ih
reqrceacion anchfi dant, ore same.)
1 J ha ' :
(® comclain eeehtetent D Ceeension cnetiiead
» fare -gummeddaalsfmefons
Hats Gye Bye, | ho ay We
ete rot aymmetrae Ractive Department of Accounting & Information Systems
np. -g Jagannath University, Dhaka
BBA (14 Batch) 2" Year 2" Semester Final Examination-2020
srime:3 hours Cus Codeand Name: ACCT 2208 (Staistis for Business Deeion)
(OB, Anover ay fou questions Fewest the right margin indicate fal marks. Difeen pars f Nt,
be placed sequentially}
1. (a)Define Random-variable? Wi 4
(1) Mr Rahaman just bought # VCR from Khan's Videotape service ata cost of TK. 3000, Now he has an option $
of buying an extended service warranty offering 5 years of coverage for TK. 100. After talking to his fiends and
reading reports, Mr. Rahaman believes the following maintenance could be incurred during the next eyes
Expense_[ 0 [so [too [150 | 200 [250 | 300
Probal 35 [25 | 1s [10 | 08 | 05 [02]
Find the expected value oF the anticipated maintenance cosis. Should Mr. Rahaman pay TK. 100 forthe
warranty?
(©) A production Manager knows that 5% of. ‘components produced by a particular manufacturing process have 6
Some defect. Six ofthese components, whose characteristics can be assumed to be independent of each other,
are examined,
1. What is the probability that none of these components has a defect?
Tl What is the probability that one of these components has a defect?
Ill. What is the probability that at least two of these components have a defect?
Ao )) Write some examples which may be analyzed with the use of Poisson distribution. 3
(®) X is a random variable which indicates the production of wheat per one acre plot. Mean of rice production is 6
458 kg and standard deviation is 32 kg. Production is normally distributed. How many one acre plots in a batch
of 10,000 plots would expect to have a production o
i)” More than 650 kg.
ii) Less than $40 kg.
Between 400 kg and 600 kg.
iv) Whatis the best production of the best 1000 plots?
(©) Two electric tube lights of manufacturer A have mean lifetime of 1400 hours with a standard deviation of 6
200 hours, while those of manufacturer B have mean lifetime of 1200 hours with a standard deviation of 100
hours. If random sample of 125 tubes of each manufacturer are tested, what is the probability that the
‘manufacturer A tubes will have a mean lifetime which is at east: (i) 160 hours more than the manufacturer B
tubes, (ii) 250 hours more than the manufacturer B tubes?
(a) When do we apply non parametric methods of hypothesis testing instead of parametric method? 3
3
9
)
(c) An agriculture experiment designed to assess differences in yields of corn for four different varieties, using
three different fertilizers, produced the results (in bushels per acre) shown in the table,
Variety
Fertilizers [A |B [ C[D
1 [86 [88 [77] 84
2 [92 {91 [81 [93
3 [75 [80 [83 | 79
1. Set out two way analysis of variance table,
Test the null hypothesis that the population mean yields are identical for all four varieties of
I.
corn.
II. Test the null hypothesis that population mean yields are the same for all three brands of
fertilizers.
4
4 ; is :
8 Ina random sample of 500 persons from town A, 300 are found to be consumers of wheat. Ina sample of 5
400 from town B, 220 are found to be consumers of wheat. Do these data reveal a significant difference between
Page 1 of 2
a
a
af e oe
ea ve
o Ss &
ce . a ignifica
4 level of sign
hours spew
random 50
ned? Test at 5%
jon owes consumers concerned? Test Se
(el agate ANE hon (NCAAY pred a he EAN NU
Week oh Coaching "ening ty calle etal sistant coaches during th St ©
oF S0 assistant coaches showed the sample mean to be 68.6 hours, with a S.
i. Using sample data, construct 99% CI for the population mean. by NCL
Does the 99% confidence interval include the values suggested by
fii, Suppose you decided 10 swi
calculations
LA? Interpret the result,
‘i forming any
Jy From a 99% to a 95% confidence interval. Without Pe
will the interval increase, decrease, Or stay’ the same?
® What is fisher's ideal index? Why is it so-called? ‘Show that it satisfies the 5
sw)
ft ime rev
test?
6
: lowing data
_{Gatelate the Laspeyre's and Paasche's price and quantity indices for the following data
Base year 2020 | Current year 2021
‘Commodity | Price | Quantity | Price | Quantity
A 4 [io Ts 12
B 6] 8 7 10
Cc Cn 12 4
D. 312 4 1s
zm E s [7 3 8 : 4
(peenquiry imo the budgets of middle class Families in ‘Chittagong gave the following information:
Item a Fuel & Transport &
Food Rent clothing Electricity Others
Price (2015) 140 30 10 224 70
Price (2020) 17469 1s 2s 80
What changes in the cost of living figures of 2020 have taken place as compared to 20157
6. (a) What conditions must be satis!
(b) A researcher is interested in
data from a random sample of 15
fied for applying the
“Chi-Square test’? State the applications of it, 4
the effect of gender
on the tyPe of soaps used and has collected the following $
0 person:
Soap, Male | Female | Total]
A 30 25 35
B 15 40 35
c 10 30 40
Total 35 95 150
Test at 10% level
1 of significance whether the types of soap and gender are independent,
(©) An agriculture experiment designed to assess differences i
ields of com for four different varieties, using 6
three different fertilizers, produced the results (in bushels er acre) shown in the table,
Variet
Fertilizers [ A | B | c¢ | D
1 86 | 88 | 77 | 84
2 g2 [or [ar [93
3 75 | 80 [3 | 79
i. Test whether the population mean yields are identical for all four Varieties of cor.
il, Test whether population mean yields are the same forall three brands of fertilizers,
#0 The End*ee
Page 2 of 2 feandom — Verésalole.
i Define Feemcom Variable’?
fandom Varciable : '
Random’ “Varciable im a variable dhona! veluen ore any
tefinide namberenquartitien dhat arcine an renutt of
chance Shatyre ouch shed they aamth eomctly be predeted
kn andonae.
eamphe: ! : '
Supprare we have eared a com twice and we are, srbexe nad
in the numbere of head, e we rds» a coin “ee, the rane
apace in: Paw TH TTY, we tn He numbere o&
heats then secon Hake vale 0,40. “Thun >< aan Be
Taemmdered an’ random yartiabfe: :
Bi Define dinexede. ranclom variable and cowkiriour
ranclom variable wlth example +
| Ammer: Tere. ace tae yp of random
One:
4. Dinarefe tandem vardabhe
variable. There
2. GoenFiriowr reanclom vertiaote. FLA probability Pnation ace Rnetomy on yeh all Bets
are preloabilily Stvetionn.
PNY [Bi Groabilihy Panelim ay a Panakion pacrids Ux do
aompuhe probes ity Bye ay exent thet an defined ‘in =
trerms of value of the rrandam: Vardialle. JB mean Mok
probability dunedionn reelahe Shejreadem variable and
probability of each jsutomen, ie cl
On the other. hand, Finetio ‘pn. an ore expreanion
“mve.hing. one ore mare , vardiabsen. Finatonn scefiere fo
the ceokecfiennkivp behoaen apenderk ‘ard “mele pendent
Variahley. Tt meaenn Phat Sunetish® ead bo lth vemctrm
ard nm_yrandem Vardabser. he
PThene “Letom trebihe fe reamclon vardiatbite with pedbobili
Hom ba called probability meta, oShere dime nab:
2, pe aan may Hhak afl pedal hedy Pmationn orce
: Simetionn bat not at Simei are probability
dimationy, Z ho
tomesSear
Slatelias Gr Oniman, Dotto
{2 Bme eocamples, of Baan cbeirdbacton:
4A Nhe hnumbere. of cord erasing Hrcwah 2 eertolin
smack iy lime
2. We numbert of svicictias reeporcted pet choy
2. The number of pcg mistakes pac page of a
Pook
4, Wee number of tefeprone aulls
27 Wombere of death from an disence, akodonk.
[2 —> -@ ARE!
BW) When gry, populetin hes equal SD and Plone
orcmal dishébutim ahi prpuladin ace elf ae
then ANOVE appieble.
Hoc ne!
4, The pypulection Llloas the neremal charhrés bation
2 Aie peulation have
