Scheme of Evaluation

III Semester B.Com Examination, April/May 2023

(NEP) Commerce
Paper 3.2: Business Statistics

SECTION - A

1. Answer any Five sub-questions. Each question carries 2 marks.

a) A simple average means the sum of the values of a group of items divided by number of
items. – 2 marks

b) To calculate the range, find the difference between largest value and smallest value in the
given data. RANGE = L-S – 2 marks

c) Bowley’s Coefficient of skewness

d) (skb) = Q3 + Q1 – 2 Median. – 1 marks
Q3 – Q1
Skb = (62.6875 + 60.125) – 2(61.345)
62.6875 – 60.125
Skb = 122.8125 – 122.69
2.5625
Skb = 0.1225
2.5625
Skb = 0.0478 - 1 marks

e) The outcome refers to the possible result of an experiment or trial. – 2 marks

f) i) It satisfies both TRT and FRT test

ii) It is free from bias.

Iii) It is based on geometric mean. Any two 2 marks

6∑𝑑2
g) R = 1 - - 1 marks
𝑁3 −𝑁
6(40)
R=1 - 83−8
240
R=1 - 512−8
240
R=1 - 504
R = 1 - 0.4761
R = 0.5238 - 1 marks

h) r = √𝑏𝑥𝑦 𝑋 𝑏𝑦𝑥 - 1 marks

r = √0.8 𝑋 0.45
r = √0.36
r = 0.6 - 1 marks
 SECTION – B

Answer any Three questions. Each question carries 4 marks.

2. Frequency distribution Table.

Class Interval (X) Tally marks or Tally Bars Frequency (f)
10-14 IIII 5
14-18 IIII III 8
18-22 IIII III 8
22-26 IIII II 7
26-30 IIII 5
30-34 IIII 4
34-38 II 2
38-42 I 1
1 marks 1marks Total = 40 2 marks

3. Let Team RCB be X series and Team CSK be Y series.

Given, X̅ = 210,
Y̅ = 186
σx = √14400 = 120
σy = √15625 = 125
r = 0.36
𝜎𝑥
Regression equation of X on Y: X - X̅ = r 𝜎𝑦 (Y - Y̅)
120
X – 210 = 0.36 125 (Y – 186)
X – 210 = 0.36 (0.96) (Y – 186)
X – 210 = 0.3456 (Y – 186)
X – 210 = 0.3456Y – 64.2816
X = 0.3456Y – 64.2816 + 210
X = 0.3456Y + 145.7184 1 marks

Regression Equation of Y on X
σy
Y - Y̅ = rσ𝑥(X- X̅)
125
Y-186=0.36120(X-210)

Y-186=0.36(1.0418)(X-210)

Y-186=0.3749(X-210)
Y-186=0.3749X – 78.729
Y= 0.3749X – 78.729 + 186

Y=0.3749X + 107.271 - 1 marks

Estimate if Runs scored by RCB (X) when CSK(Y) scored 250 runs
We have, the equation X= 0.3749Y + 145.7184
X = 0.3456(250) + 145.7184

X= 86.4 + 145.7184
X = 232.1184 runs Appx 232 Runs - 1 marks

Estimate of Runs scored by CSK(Y) when RCB(X) scored 200 runs

We have, the equation Y= 0.3749X + 107.271

Y = 0.3749(200) + 107.271
Y = 74.98 + 107.271 Y=182.251 (Appx 182 Runs) - 1 marks

4. Computation of mean deviation (from mean) and co-efficient of mean deviation.

Arrange the series in ascending order.

X IDI (X-46.45)
17 29.45
22 24.45
25 21.45
32 14.45
43 3.45
47 0.55
55 8.55
59 12.55
64 17.55
67 20.55
80 33.55
∑X= 511 ∑IDI = 186.55
 Direct method:
∑𝑓𝑥 511 A.M. =46.45
A.M = 𝑁 = 11

∑I𝐷I 186.55 M.D = 16.9590 - 3 marks

M.D = =
𝑁 11

𝑀.𝐷 16.96
Co-efficient of M.D = 𝑀𝑒𝑎𝑛 = 46.45

Co-efficient of M.D = 0.3651 - 1 marks

5. Total cards =52. Selecting a card, which Queen or Ace is a mutually exclusive event,
Number of Queen cards P(Q) =4
Number of Ace cards P(A) = 4
Probability of a card is drawn which is either Queen or Ace

P (Q or A) = P(Q) + P(A) - 1 marks

P (Q or A) = 4/52 + 4/52 - 1 marks

4+4
P (Q or A) =
52
𝟖 𝟐 - 2 marks
Probability of a card is drawn which is either Queen or Ace = or
𝟓𝟐 𝟏𝟑

6. Computation of Index Number by Family budget method:

Commodities Q0 P0 P1 P={𝑷𝟏
𝑷𝟎
X 100} P0Q0(W) PW

A 5 1200 2800 233.3333 6000 1400000

B 25 20 35 175 500 87500
C 20 120 150 125 2400 300000
D 25 50 65 130 1250 162500
E 20 100 200 200 2000 400000
- 1 marks ΣP0Q0(W)=12150 ΣPW=2350000
- 1 marks - 1 marks

𝛴𝑃𝑊 2350000
Consumer price index number (P01)= = =193.4156 - 1 marks
𝛴𝑊 12150
 SECTION-C
Answer any three questions. Each question carries 10 marks .

7.

X f MV fm c.f
100-200 2 150 300 2
200-300 10 250 2500 12
300-400 16 350 5600 28
400-500 32 450 14400 60 - 3 marks
500-600 10 550 5500 70
600-700 8 650 5200 78
700-800 2 750 1500 80
N=80 Σ
fm=35000

Calculation of Mean:
𝛴𝑓𝑚
A.M = 𝑁
35000
A.M =
80

A.M=437.5 - 2 marks

Calculation of Median:
𝑁
Me= size of [ 2 ]th item
80 th
Me = size of [ ] item
2

Me = size of 40th item

The value 40 is in the cumulative frequency of 60. Therefore, median class is 400-500.
𝑵
_ 𝒄𝒇
𝟐
We have, Me = L1+ xC
𝒇

40−28
Me = 400+ x 100
32

1200
Me = 400+ 32

Me = 400+37.5 Me=437.5 -2 marks

Calculation of Mode: By inspection, the highest frequency is 32 and model class is 400-500:

Then We , know that

 𝑓1−𝑓0
Mode or Z =L1 + 2𝑓1−𝑓0−𝑓2 x C, Alternative method
32−16
Z = 400 + X 100
2(32)−16−10 Mode = 3 median – 2 mean
1600
Z = 400 + 64−26 Z = 3(437.5) – 2(437.5)
1600 Z= 1312.5 - 875
Z = 400 + 38 Z=437.5
Z = 400 + 42.1052 Z= 442.1052 -3marks

8. Computation of Mean, Z, SD and Karl pearsons’ coefficient of skewness

X f d’ d’2 fd’ fd’2

0 7 -3 9 -21 63
1 10 -2 4 -16 40
2 16 -1 1 -1 16
3 25 0 0 0 0 -3marks
4 18 1 1 1 18
5 11 2 4 16 44
6 8 3 9 21 72
N =95

∑𝑓𝑑
X̅ = A + XC
𝑁

(𝑓)
=3+ X1
95

(7)
=3+ 95

= 3 + 0.0736

= 3.07 2 marks

∑𝑓𝑑2 ∑𝑓𝑑 2
σ= √ 𝑁
−[ 𝑁
] XC

253 (7)
σ = √ 95 − [ 95 ]2 X 1

σ = √2.6631 − (0.0736)2 X 1

σ = √2.6631 − 0.0054 X 1

σ = √2.6577 X 1

σ = 1.63 3 marks
Mode: The highest frequency is 25. The corresponding value is 3 Hence,

Z =3

𝑀𝑒𝑎𝑛−𝑀𝑜𝑑𝑒 3.07−3 (−0.07)

Skp = = = 1.63 = (-0.0429). The distribution is negatively skewed. 2 marks
𝜎 1.63

9. Price for Base year (P0) and Current year quantity (Q0).
𝑉𝑎𝑙𝑢𝑒 𝑉𝑎𝑙𝑢𝑒
2021 Price (P0) = 𝑄𝑢𝑎𝑛𝑡𝑖𝑡𝑦 2023 Quantity (Q0) = 𝑃𝑟𝑖𝑐𝑒
A 300 480
=2 = 120
150 4
B 50 90
=5 6
= 15
10
40 50 2 marks
C =4 = 10
12 5
D 120 100
=2 = 50
60 2
E 60 105
= 3 = 30
20 3.5

Items P0 Q0 P1 Q1 P1Q0 P0Q0 P1Q1 P0Q1

A 2 150 4 120 600 300 480 240
B 5 10 6 15 60 50 90 75
C 4 12 5 10 60 48 50 40
D 2 60 2 50 120 120 100 100
E 3 20 3.5 30 70 60 105 90
4 marks P1Q0 = P0Q0 = P1Q1 = P0Q1 =
910 578 825 545

∑𝑃 𝑄 ∑𝑃 𝑄
Fishers index number (P01) =√∑ 𝑃1 𝑄0 × ∑𝑃1 𝑄1× 100 1 marks
0 0 0 1

910 825
P01=√578 × 545 × 100

P01 = √1.5743 × 1.5137 × 100

P01 = √2.3830 × 100

P01 = 1.5437 × 100

Fishers index number= 154.37 3 marks

10. Let the Marks in mathematics be ‘X’ series and marks inn statistics be ‘y’ series.

X dx(X-40) dx2 Y dy(Y-50) dy2 dxdy

45 5 25 35 -15 225 -75
70 30 900 90 40 1600 1200
65 25 625 70 20 400 500
30 -10 100 40 -10 100 100
90 50 2500 95 45 2025 2250
40 0 0 40 -10 100 0
50 10 100 60 10 100 100
75 35 1225 80 30 900 1050 4 marks
85 45 2025 80 30 900 1350
60 20 400 50 0 0 0
∑X = ∑dx= ∑dx2= ∑Y = ∑dy = ∑dy2 = ∑dxdy=6475
610 210 7900 640 140 6350

(∑𝒅𝒙)(∑𝒅𝒚)
∑𝒅𝒙𝒅𝒚− 𝑵
r= 𝟐 𝟐
(∑𝒅𝒙)
√∑ 𝒅𝒙𝟐− √∑𝒅𝒚𝟐 −(∑𝒅𝒚)
𝑵 𝑵

(𝟐𝟏𝟎)(𝟏𝟒𝟎)
(𝟔𝟒𝟕𝟓)− 𝟏𝟎
r=
(𝟐𝟏𝟎)𝟐 (𝟏𝟒𝟎)𝟐
√(𝟕𝟗𝟎𝟎) √𝟔𝟑𝟓𝟎−
𝟏𝟎 𝟏𝟎

(𝟐𝟗𝟒𝟎𝟎)
(𝟔𝟒𝟕𝟓)− 𝟏𝟎
r=
(𝟒𝟒𝟏𝟎𝟎) (𝟏𝟗𝟔𝟎𝟎)
√𝟕𝟗𝟎𝟎 − √𝟔𝟑𝟓𝟎 −
𝟏𝟎 𝟏𝟎

(𝟔𝟒𝟕𝟓)−𝟐𝟗𝟒𝟎
r=
√𝟕𝟗𝟎𝟎−𝟒𝟒𝟏𝟎 √𝟔𝟑𝟓𝟎 −𝟏𝟗𝟔𝟎

𝟑𝟓𝟑𝟓
r=
√𝟑𝟒𝟗𝟎 √𝟒𝟑𝟗𝟎

𝟑𝟓𝟑𝟓
r = 𝟓𝟗.𝟎𝟕𝟔𝟐 𝑿 𝟔𝟔.𝟐𝟓𝟕𝟎

𝟑𝟓𝟑𝟓
r = 𝟑𝟗𝟏𝟒.𝟐𝟏𝟏𝟕

r = 0.9031 5 marks

There is a high degree positive correlation between Marks in mathematics and Marks in
statistics. 1 marks
11. Computation of Regression equations

X x(X – 56) X2 Y y(Y-32) Y2 Xy

40 -16 256 20 -12 144 192
48 -8 64 24 -8 64 64
52 -4 16 28 -4 16 16 3 marks
68 12 144 36 4 16 48
72 16 256 52 20 400 320
ΣX =280 Σx2=736 ΣY=160 Σy2=640 Σxy=640

𝛴𝑋 280
A.M of X series = = =56 1 marks
𝑁 5
𝛴𝑌 160
A.M of Y series = 𝑁 = =32
5

Regression Equation of X on Y
𝛴𝑥𝑦
X – X̅ = 𝛴𝑦2 (Y – Y̅)

640
X – 56 =640(Y – 32)

X – 56 =1(Y – 32)

X = Y – 32+56

X = Y + 24 2 marks

Regression Equation of Y on X
𝛴𝑥𝑦
Y – Y̅ = 𝛴𝑥2 (X – X̅)
640
Y – 32 =736(X – 56)

Y – 32 =0.8695(X – 56)
Y – 32 =0.8695X – 48.692

Y = 0.8695X -48.692+32

Y = 0.8695X – 16.692 2 marks

Estimation X when Y = 80.

We have, X = Y + 24
X = 80 + 24

X = 104 1 marks
Computation of correlation coefficient through regression coefficients
r =√(𝑏𝑥𝑦)(𝑏𝑦𝑥)

1 𝑥 0.8695
r =√

r =√0.8695

r = 0.9324 1 marks

SECTION – D

Answer any one question. The question carries 8 marks.

12. a)
Frequency

6 marks

Class Interval

Mode or Z = 24.4 2 marks

b) Let Marks assigned by Vijayprakash be X series and Rajeshkrishnan be Y Series.

X Y R R D = (R1 – D2
R2)
48 62 6 5 1 1
60 78 3 2 1 1
72 65 1 4 -3 9
62 70 2 3 -1 1
56 38 4 7 -3 9
40 84 7 1 6 36 4 marks
39 60 8 6 2 4
52 32 5 8 -3 9
30 31 9 9 0 0
∑D2 = 70

6∑𝑑2
R=1- 𝑁3 −𝑁
6(70)
R=1 - 93−9
420
R=1-
729−9
420
R = 1 - 720
R = 1 - 0.5833
R = 0.4167 3 marks

There is a moderate degree of positive relationship between Marks assigned by Vijayaprakash and
Rajeshkrishnan about the taste in singing as per spearmen’s Tank correlation co-efficient. 1 marks