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EES201

Statistics for economists 1

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24 views4 pages

EES201

Statistics for economists 1

Uploaded by

josiahnjugi1
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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MACHAKOS UNIVERSITY

University Examinations for 2018/2019 Academic Year

SCHOOL OF BUSINESS AND ECONOMICS


DEPARTMENT OF ECONOMICS
SECOND YEAR SECOND SEMESTER EXAMINATION FOR

BACHELOR OF ECONOMICS AND STATISTICS

EES 201: STATISTICS FOR ECONOMICS I

DATE: 9/5/2019 TIME: 2.00-4.00 PM


INSTRUCTIONS: Answer Question ONE and any other TWO questions

QUESTION ONE: COMPULSORY (30 MARKS)


a) Explain briefly FOUR characteristics of a Normal Distribution. (4 marks)
b) Differentiate between functions and uses of statistics (5 marks)

c) In the probability of multiple events, explain what you understand by the following terms:
i) Mutually exclusive events, (1 mark
ii) Collectively exhaustive events, (1 mark
iii) Independent Events, and (1 mark)
iv) Complementary Events. (1 mark)
d) In class of 15 student of economics and statistics wrote a test and results of this test are
summarized as follows:
12 12 10 11 9 13 12 15
11 13 7 12 11 9 10
Calculate the following:
i) Mean for this set of data. (3 marks)
ii) Median for this set of data. (2 marks)
iii) Mode values for this set of data. (2 marks)
e) Using examples, describe the difference between a sample and a population. (4 marks)

Examination Irregularity is punishable by expulsion Page 1 of 4


f) Define the following terms:- (6 marks)

i) Ogive curves
ii) Lorenz curve
iii) The Z chart

QUESTION TWO (20 MARKS)


a) The table below represents an extract of raw data of ages in a small village in Mandera
County.
49 41 45 53 47 46 48 42 43 46
45 36 56 44 61 68 54 58 51 47
47 49 42 48 53 48 41 65 45 52
58 50 55 45 43 72 63 45 38 43
42 47 43 49 46 57 49 44 47 48

i) Using the age data in the table from Mandera County, construct Frequency Table
(8 marks)
ii) Calculate the mean age in this village (2 marks)

b) Describe two types of data giving example (2 marks)

c) Study the pie chart below and make a table of the observation assuming that total vehicles
observed were one million. (4 marks)

Others 5%
Buses 9% Motor Cycles
19%

Matatus 20%

Cars 47%

Examination Irregularity is punishable by expulsion Page 2 of 4


d) Define the following terms as used in statistics studies (4 marks)
i) Arithmetic mean
ii) Standard deviation
iii) Coefficient of variation
iv) Mode

QUESTION THREE (20 MARKS)


a) Assume you are the student in-charge of sickness and absence records, and that you kept
records on 30 students in class over a 91-day period. The data for your records are
tabulated below:
Number of officers absent 0 1 2 3 4 5
Number of days 44 19 10 8 7 3
i) Calculate the sample mean of the number of officers absent. (5 marks)
ii) Calculate the standard deviation of the number of officers absent per day.
(5 marks)
b) Explain briefly characteristics of a Normal Distribution data (5 marks)
c) In efforts to investigate credit card defaulter, the Chief Risk Officer of Equity Bank has
found that 10% of their card users do not pay the full amount of indebtedness during any
given month. Calculate the probability that if 20 accounts are randomly selected, 5 of them
are not paid. (5 marks)

QUESTION FOUR (20 MARKS)


a) The estimates of individuals involved in destruction of private property in the aftermath of
political chaos in 7 different towns are tabulated in the table below.
Town Number of individuals involved
Thika 57
Nyeri 10
Kakamega 61
Kisumu 58
Mombasa 5
Nairobi 59
Nakuru 16

Examination Irregularity is punishable by expulsion Page 3 of 4


Use the information to construct
i) bar graph. {No need to use a graph paper}. (6 marks)
ii) pie chart (4 marks)
iii) Mean deviation (3 marks)
iv) Standard deviation (3 marks)
b) There are number of ways to define collecting data. Briefly describe them. (4 marks)

QUESTION FIVE (20 MARKS)


a) The Nairobi County security department intents to install new equipment which will
improve the efficiency of their operations to deal with the raising insecuty in the CBD. It
has been found that, on average telephone message is 150 seconds, with a standard
deviation of 15 seconds. However, before they can decide if such an investment would be
cost effective, they must determine the probability that the mean of a sample of 35 calls
will be:
i) Between 145 and 150 seconds, (5 marks)
ii) Between 145 and 155 seconds, and (4 marks)
iii) Greater than 155 seconds. (5 marks)
b) A GM plant producing Dello car batteries designed to detect and eliminate defective
products uses 2 separate work shifts, in the morning (8.00 A.M. – 4.40 P.M) and evening (5
– midnight) to produce batteries. The quality control department regularly tests samples of
these batteries after they have set dormant for at least 6 months to determine whether they
would have a charge. The morning shift produces 65 % of all the batteries and evening shift
the other 35 %. Previous examinations by the quality control have revealed that 5 % of the
batteries produced by the morning shift are defective while the evening shift has a defective
rate of 8%. During the spot checks, the plant manager selects one battery and tests it
himself. The last battery checked was found to be defective. The manager wanted to know
which shift was more likely to have produced that defective battery. (6 marks)

Examination Irregularity is punishable by expulsion Page 4 of 4

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