Activity Data Type

Speed of a Car Discrete

Results of rolling a dice Discrete
Weight of a person Continuous
Weight of Gold Continuous
Distance between two places Continuous
Length of a leaf Continuous
Dog's weight Continuous
Blue Color Qualitative
Number of kids Discrete
Number of tickets sold in Railways Discrete
Number of times married Discrete
Gender (Male or Female) Qualitative
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 Interval
Weight Ratio
Hair Color Nominal
Socioeconomic Status Ordinal
Fahrenheit Temperature Interval
Height Ratio
Type of living accommodation Ordinal
Level of Agreement Ordinal
IQ (Intelligence Scale) Interval
Sales Figures Ratio
Blood Group Nominal
Time of Day Interval
Time on a Clock with Hands Interval
Number of Children Nominal
Religious Preference Ordinal
Barometer Pressure Ratio
SAT Scores Interval
Years of Education Interval

Q3) Three Coins are tossed, find the probability that two heads and one tail are
obtained?
Answer:
-Assume coins are tossed once.
-The possible outcomes are = [HHH, HHT, HTT, HTH, TTT, THH, THT, TTH]
-Total no. of possible outcomes = 8
-Total no. of favourable outcomes to obtain 2H & 1T = 3
Total no . of favourable outcomes 3
-Probability of event to happen P(E)= Total no . of possible outcomes = 8
3
-Probability that two heads and one tail are obtained = 8

Q4) Two Dice are rolled, find the probability that sum is
a) Equal to 1
b) Less than or equal to 4
c) Sum is divisible by 2 and 3
Answer:
a) Equal to 1
The total no. of possible outcomes = 36
-Total no. of favourable outcomes = 0
Total no . of favourable outcomes
-Probability of event to happen P(E)= Total no . of possible outcomes
=0

b) Less than or equal to 4

-Total no. of favourable outcomes= (1,1), (1,2), (1,3), (2,1), (3,1), (2,2) = 6
Total no . of favourable outcomes 6
-Probability of event to happen P(E)= Total no . of possible outcomes
= 36 =
1
6
 c) Sum is divisible by 2 and 3
-Total no. of favourable outcomes= (3,3), (4,2), (2,4), (5,1), (1,5), (6,6) =6
Total no . of favourable outcomes 6
-Probability of event to happen P(E)= Total no . of possible outcomes
= 36
=
1
6

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?

Answer:

No. of balls other than blue = 5

No. of ways of drawing 2 balls out of 5 = 5C2 = (5 x 4)/(2 x 1) = 20/2 = 10
Total no. of balls = 7
No. of ways of drawing 2 balls out of 7 = 7C2 = (7 x 6)/(2 x 1) = 42/2 = 21
Probability (no blue balls drawn) = 5C2 / 7C2 = 10/21

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
Answer:
Expected no. of candies, E ¿) = ∑ x P(x)
= (0.015 x 1) + (0.20 x 4) + (0.65 x 3) + (0.005 x 5) + (0.01 x 6) + (0.120 x 2)
= 3.09
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?
Answer:
Expected value, E ¿) = ∑ x P(x)
1 1 1 1 1 1 1
= ( 9 × 108) + ( 9 × 110) + ( 9 × 123) + ( 9 × 134) + ( 9 × 135) + ( 9 × 145) + ( 9 ×
1 1
167) + ( 9 × 187) + ( 9 × 199)

=145.3333

Q9) Look at the data given below. Plot the data, find the outliers and find out
2
μ,σ ,σ

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.)

Answer: 1/200
= 0.025

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?

Answer: The most likely monetary outcome is (x)=2000 as its

probability is the highest which is P(x)=0.3

(ii) Is the venture likely to be successful? Explain

Answer: Yes. The total probability for the venture making profit>0 is
(0.1 + 0.1 + 0.2 + 0.3 +0.1) = 0.8. About 80% in probability for the
venture making profit.

(iii) What is the long-term average earning of business ventures of this

kind? Explain
 Answer:
E(x)=P(x)= (-2000 x 0.1) + (-1000 x 0.1) + (0 x 0.2) + (1000 x 0.2) +
(2000 x 0.3) + (3000 x 0.1) = 800. The long-term average earning of
business venture of this kind is $800.

(iv) What is the good measure of the risk involved in a venture of this
kind? Compute this measure

Answer: Depends on the variability distribution. Higher variance

shows more risk involved in a venture if this kind.
Var(x) = 2,600,000-640,000=1,960,000