Assignment - 1 Statistics

Question 1
Complete
Mark 0.50 out of 0.50
The binomial distribution is characterized by situations that are analogous to
Select one:
a. drawing balls from an urn
b. measuring the length of an item
c. coin tossing
d. counting defects on an item.

Question 2
Complete
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A total of 50 raffe tickets are sold for a contest to win a car. If you purchase one ticket, what are your odds against winning?
Select one:
a. 0.01
b. 50 to 1
c. 49 to 1
d. 0.05

Question 3
Complete
Mark 0 out of 0.
What is probability, P(x £ 8), when x is uniformly distributed and lies between the interval 9 to 15?
Select one:
a. P(x £ 8) = 0.
b. P(x £ 8) = 0.
c. P(x £ 8) = 0.
d. P(x £ 8) = 0.

Question 4
Complete
Mark 0.50 out of 0.50
In the observation method
Select one:
a. An unstructured questionnaire is administered
b. The administrator sits face-to-face with the interviewee
c. A structured questionnaire is administered
d. An electronic device may be used

Question 5
Complete
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Primary Data is preferred over Secondary Data because
Select one:
a. The client always prefers primary data
b. Primary Data is always collected by qualied professionals
c. We cannot always trust secondary sources
d. It is less costly

Question 6
Complete
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The Census method can be characterised as
Select one:
a. Random sampling
b. None of these
c. Nonprobabilistic sampling
d. Probabilistic sampling

Question 7
Complete
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How does standard error of the mean changes with increase in sample size?
Select one:
a. standard error of the mean become equal to sample mean
b. standard error of the mean remains same with increase in sample size
c. standard error of the mean decreases with increase in sample size
d. standard error of the mean increases with increase in sample size

Question 8
Complete
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Standard deviation sample statistics is known as;
Select one:
a. Standard normal distribution
b. Continuous probability distribution
c. Sampling distribution
d. Frequency distribution

Question 9
Complete
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It is 8th March 2019 today and I have decided to buy a stock if it falls below 3000 tomorrow. It has happened five days in February and is
expected to follow the same trend this month. What is the probability of it happening either tomorrow or the day after?
Select one:
a. 0.4
b. 0.33
c. 0.36
d. 0.31

Question 10
Complete
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Suppose sample of size of 36 is drawn from a population with a mean of 60 and standard deviation 12. What is expected value of sample
means?
Select one:
a. 0.6
b. 12
c. 60
d. 36

Question 11
Complete
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Two characteristics, or assumptions, of the Poisson distribution are that
Select one:
a. the event occurring in one interval is independent of the event occurring in any other nonoverlapping interval, and the random
variable of interest is discrete
b. the event occurring in one interval is dependent on the event occurring in any other nonoverlapping interval, and the random
variable of interest is continuous.
c. the event occurring in one interval is independent of the event occurring in any other nonoverlapping interval, and the random
variable of interest is continuous.
d. the probability of success remains constant from trial to trial, and the random variable of interest is continuous

Question 12
Complete
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There are 40 employees above the age of 55 in my company among a total of 300. I meet one Mr. Das in the bus. The probability that he is
above 55 is 40/300. This is based on :
Select one:
a. Empirical Probability
b. None of these
c. Subjective Probability
d. A Priori Probability

Question 13
Complete
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Geometric Mean of the Dataset 4,16,1 is:
Select one:
a. 4.5
b. 5.2
c. 4
d. 7

Question 14
Complete
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It is found that 60 persons have accounts in A, 30 persons in B, 13 in C and 18 in D. A and C have been ranked as risky, while B is
moderately risky and D safe.What is the percentage chance that a person has invested in a risky option?
Select one:
a. 64
b. 60
c. 51
d. 31

Question 15
Complete
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In a class, 40 students scored between 90 and 100, forty five between 80 and 90 and sixteen between 70 and 80. The mode of the
distribution is approximately equal to:
Select one: 90-100 40
a. 88 80-90 45 80 10 29 34
b. 93 70-80 16 8.529412
c. 80 88.52941
d. 86

Question 16
Complete
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Suppose binomial distribution with n fixed, if p > 0, then:
Select one:
a. It provide symmetric binomial distribution.
b. It is a right skewed binomial distribution.
c. It is a left skewed binomial distribution.
d. The exponential distribution is a worst approximation.

Question 17
Complete
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Which of the following distributions can be used to solve the following problem? The average number of cars arriving at a drive-through
fast-food restaurant is three in 10 minutes. What is the probability that exactly four cars will arrive in a 5-minute interval?
Select one:
a. Poisson
b. both binomail and poisson
c. binomial
d. neither binomial nor poisson

Question 18
Complete
Mark 0.50 out of 0.50
What is probability, P(10 £ x £ 12), when x is uniformly distributed and lies between the interval 9 to 15?
Select one:
a. P(10 <=x <=12) = 0.06
b. P(10 <=x <=12) = 0.09
c. P(10 <=x <=12) = 0.33
d. P(10 <=x <=12) = 0.15

Question 19
Complete
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There is a data-set with the following elements. 16,15,4,17,11,43. Range of the set is:
Select one:
a. 43
b. 34
c. 39
d. 15

Question 20
Complete
Mark 0.00 out of 0.50
It is found that 60 persons have accounts in A, 30 persons in B, 13 in C and 18 in D. A and C have been ranked as risky, while B is
moderately risky and D safe. The table is best converted to a
Select one:
a. Contingency table
b. Frequency distribution and Summary table
c. Frequency distribution
d. Summary table

Question 21
Complete
Mark 0.50 out of 0.50 4 10
There are ten students scoring 4 out of 5 in a class quiz, two scoring 3 and one scoring 0. The weighted mean in this case is: closest to: 3 2
Select one: 0 1
a. 3 3.538462
b. 4
c. 3.5
d. 2.7

Question 22
Complete
Mark 0.50 out of 0.50 9 10 11 12 13 14 15
What is the mean of distribution of x, when it is uniformly distributed and lies between the interval 9 to 15? 12
Select one:
a. 9
b. 6
c. 15
d. 12

Question 23
Complete
Mark 0.50 out of 0.50
There are six sales personnel out of 40 who last year planned to take VRS and only 4 ultimately took. What is the probability of a person
taking retirement given that he has planned to?
Select one:
a. 0.65
b. 0.67
c. 0.56
d. 0.7

Question 24
Complete
Mark 0.50 out of 0.50
It is 8th March 2019 today and I have decided to buy a stock if it falls below 3000 tomorrow. It has happened five days in February and is
expected to follow the same trend this month. What is the probability that this will happen tomorrow?
Select one:
a. 0.22
b. 0.25
c. 0.11
d. 0.18

Question 25
Complete
Mark 0.50 out of 0.50
How does sampling distribution of mean changes with increase in sample size?
Select one:
a. Standard deviation of sampling distribution of mean increases with increase in sample size.
b. sampling distribution of mean becomes negatively skewed with increase in sample size.
c. Standard deviation of sampling distribution of mean decreases with increase in sample size.
d. sampling distribution of mean becomes positively skewed with increase in sample size.

Question 26
Complete
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It is found that 60 persons have accounts in A, 30 persons in B, 13 in C and 18 in D. A and C have been ranked as risky, while B is
moderately risky and D safe. However, it is found later that 40 of Accounts in A are safe, 25 in B are safe and 0 of C are safe. Now the best
option is to tabulate them as :
Select one:
a. Frequency distribution
b. Contingency Table
c. Summary table
d. Relative Frequency Distribution

Question 27
Complete
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My examination date will be in January but the date is as yet unknown. The probability of its falling in the 1st week of January is 7/31. This is
derived through the principles of :
Select one:
a. None of these
b. Subjective Probability
c. Empirical Probability
d. A Priori Probability

Question 28
Complete
Mark 0.00 out of 0.50
It is 8th March 2019 today and I have decided to buy a stock if it falls below 3000 tomorrow. It has happened ve days in February and is
expected to follow the same trend this month. What is the probability of it happening both tomorrow and the day after?
Select one:
a. None of these
b. 0.22
c. 0.03
d. 0.11

Question 29
Complete
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The sales of my company grew by more than 15 % three times out of the eight preceding years of those years the GDP grew by 7 % or
more. It grew by 7 % or more one more year but the sales grew less than 15 % that year is the probability of our sales growing by 15
% or more this year?
Select one:
a. 0.29
b. 0.34
c. 0.41
d. 0.37

Question 30
Complete
Mark 0.50 out of 0.50
It is found that 60 persons have accounts in A, 30 persons in B, 13 in C and 18 in D. A and C have been ranked as risky, while B is moderately 60%
risky and D safe. What is the percentage of persons holding risky investments?
Select one:
a. 30
b. 60
c. 58
d. 50
Assignment -1
Ans. B Priori Probability

Ans. C =2
Ans. B =88

Ans. B =31
Ans. A =0.36
Ans. D
C. Contigency Table Need to be check

Ans. A
Ans. C =0.33
Business Statistics - Assignment 1
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