Assignment: Statistics for Managers; BBA 2022

1. From the following histogram

(a) What is the frequency of the class interval 15.5 – 15.7?

(b) What is the class intervals having the greatest frequency?
(c) What is the cumulative frequency of the class interval 16.4 – 16.7?
(d) Construct a short frequency table of the distribution.
(e) Construct a cumulative frequency table of the distribution.

2. A survey on the heights (in cm) of 50 girls of class X was conducted at a school and
the following data were obtained:

Height (in cm) 120-130 130-140 140-150 150-160 160-170 Total

Number of girls 2 8 12 20 8 50
Find the mean, median and mode.
3. What is the interquartile range of the data which includes the first 18 multipliers of
the number 17.

4. Bennett Distribution Company, a subsidiary of a major appliance manufacturer, is

forecasting regional sales for next year. The Atlantic branch, with current yearly sales
of $193.8 million, is expected to achieve a sales growth of 7.25 percent; the Midwest
branch, with current sales of $79.3 million, is expected to grow by 8.20 percent; and
the Pacific branch, with sales of $57.5 million, is expected to increase sales by 7.15
percent. What is the average rate of sales growth forecasted for next year?
5. The numbers of apartments in 27 apartment complexes in Cary, North Carolina, are
given below.
91 79 66 98 127 139 154 147 192
88 97 92 87 142 127 184 145 162
95 89 86 98 145 129 149 158 241
(a) Compute the mean, median and mode of raw data.
(b) Construct a frequency distribution using intervals 66–87, 88–109,..., 220–241.
(c) Draw the histogram of grouped data from (b) and comment about skewness.
(d) Compare the values of (a) and (b).

6. Suppose you have invested in a savings account that pays an interest rate of 4% in the
first year, 6% in the second year, and 5% in the third year. Calculate the average interest
rate.

7. You toss a fair coin five times:

(a) What is the probability of five heads?
(b) What is the probability that you observe exactly one tail?
(c) Given that you have observed at least two tail, what is the probability that you will
observe at least four tails?

8. Consider two random variables A and B with joint probability mass function (PMF)
given in Table.
B=2 B=4 B=5
A=1 1/12 1/24 1/24
A=2 1/6 1/12 1/8
A=3 1/4 1/8 1/12

a) Find P(A≤2,B≤4).
b) Find P(B=2|A=1).
c) Are A and B independent?

9. The probability that it is Friday and that a student is absent is 0.03. Since there are 5
school days in a week, the probability that it is Friday is 0.2. What is the probability
that a student is absent, given that today is Friday?

10. For a binomial distribution with n = 12 and p = 0.45,

(a) P(r = 8).
(b) P(r > 4).
(c) P(r ≤ 10).

11. Find the mean and standard deviation of the following binomial distributions:
(a) n = 16, p = 0.40.
(b) n = 10, p = 0.75.

12. Harley Davidson, director of quality control for the Kyoto Motor company, is
conducting his monthly spot check of automatic transmissions. In this procedure, 10
transmissions are removed from the pool of components and are checked for
manufacturing defects. Historically, only 2 percent of the transmissions have such
flaws. (Assume that flaws occur independently in different transmissions.)
 (a) What is the probability that Harley’s sample contains more than two transmissions
with manufacturing flaws?
(b) What is the probability that none of the selected transmissions has any
manufacturing flaws?

13. Given λ = 4.2, for a Poisson distribution, find

(a) P(x ≤ 2).
(b) P(x ≥ 5).
(c) P(x = 8).

14. The average number of person-arrivals for 30 minutes at a hospital is 4. If the arrival
process is well described by a Poisson process, find the probability that during a given
period of 30 minutes:
(a) no person will arrive
(b) at least 3 people will arrive
(c) at most, 4 people will arrive
(d) between 2 and 4 people will arrive

15. Concert pianist Donna Prima has become quite upset at the number of coughs occurring
in the audience just before she begins to play. On her latest tour, Donna estimates that
on average eight coughs occur just before the start of her performance. Ms. Prima has
sworn to her conductor that if she hears more than five coughs at tonight’s performance,
she will refuse to play. What is the probability that she will play tonight?

16. Given that a random variable, X, has a normal distribution with mean 6.4 and standard
deviation, find
(a) P(4.0 < x < 5.0).
(b) P(x > 2.0).
(c) P(x < 7.2).
(d) P((x < 3.0)

17. Glenn Howell, VP of personnel for the Standard Insurance Company, has developed a
new training program that is entirely self-paced. New employees work various stages
at their own pace; completion occurs when the material is learned. Howell’s program
has been especially effective in speeding up the training process, as an employee’s
salary during training is only 67 percent of that earned upon completion of the program.
In the last several years, average completion time of the program was 44 days, and the
standard deviation was 12 days.
(a) Find the probability an employee will finish the program in 33 to 42 days.
(b) What is the probability of finishing the program in fewer than 30 days?
(c) Fewer than 25 or more than 60 days?

18. From a population of 540, a sample of 60 individuals is taken. From this sample, the
mean is found to be 6.2 and the standard deviation 1.368.
(a) Find the estimated standard error of the mean.
(b) Construct a 96 percent confidence interval for the mean.
19. Calculate the two regression equations of X on Y and Y on X from the data given below

X 10 12 13 12 16 15
Y 40 38 43 45 37 43

Estimate the value of Y for X = 25, and value of X when Y=50.

20. A firm administers a test to sales trainees before they go into the fi eld. The management
of the firm is interested in determining the relationship between the test scores and the
sales made by the trainees at the end of one year in the fi eld. The following data were
collected for 10 sales personnel who have been in the fi eld one year.

Salesperson Number Test Score (T) Number of Units Sold (S)

1 2.6 95
2 3.7 140
3 2.4 85
4 4.5 180
5 2.6 100
6 5.0 195
7 2.8 115
8 3.0 136
9 4.0 175
10 3.4 150
(a) Find the least-squares regression line that could be used to predict sales from trainee
test scores.
(b) Use the least-squares regression line to predict the number of units that would be
sold by a trainee who received an average test score.
(c) Find the correlation coefficient.

21. Bank of Lincoln is interested in reducing t he amount of time people spend waiting to
see a personal banker. The bank is interested in the relationship between waiting time
(Y ) in minutes and number of bankers on duty (X). Customers were randomly selected
with the data given below:
X 2 3 5 4 2 6 1 3 4 3 3 2 4
Y 12.8 11.3 3.2 6.4 11.6 3.2 8.7 10.5 8.2 11.3 9.4 12.8 8.2
(a) Calculate the regression equation that best fits the data.
(b) Calculate the sample coefficient of determination and the sample coefficient of
correlation.