BUSINESS STATISTICS & ANALYTICS

BMB 104

Course Credit: 3 Contact Hours: 40 hours

Course Objectives

1. Understand the different basic concept /fundamentals of business statistics.

2. Understand the importance of measures of Descriptive statistics which includes measures of central
tendency, Measures of Dispersion, Time Series Analysis, Index Number, Correlation and Regression
analysis and their implication on Business performance.
3. Understand the concept of Probability and its usage in various business applications.
4. Understand the Hypothesis Testing concepts and use inferential statistics- t, F, Z Test and Chi Square
Test
5. Understand the practical application. of Descriptive and Inferential Statistics concepts and their uses
for Business Analytics.

Unit I(10 Sessions): Descriptive Statistics

Meaning, Scope, types, functions and limitations of statistics, Measures of Central tendency - Mean, Median,
Mode, Quartiles, Measures of Dispersion - Range, Inter quartile range, Mean deviation, Standard deviation,
Variance, Coefficient of Variation, Skewness and Kurtosis.

Unit II (8 Sessions):Time Series & Index Number

Time series analysis: Concept, Additive and Multiplicative models,Components of time series, Trend
analysis: Least Square method -Linear and Non- Linear equations, Applications in business decision
making.
Index Numbers:- Meaning , Types of index numbers, uses of index numbers, Construction of Price,
Quantity and Volume indices:- Fixed base and Chain base methods.

Unit III (6 Sessions): Correlation & Regression Analysis

Correlation Analysis: Rank Method &Karl Pearson's Coefficient of Correlation and Properties of
Correlation.
Regression Analysis: Fitting of a Regression Line and Interpretation of Results, Properties of Regression
Coefficients and Relationship between Regression and Correlation.

Unit IV (8 Sessions): Probability Thoery &Distribution

Probability: Theory of Probability, Addition and Multiplication Law, Baye's Theorem
Probability Theoretical Distributions: Concept and application of Binomial; Poisson and Normal
distributions. Introduction to bivariate and multivariate data analysis(Cluster and Faclor analysis)
Unit V(8 Sessions) Hypothesis Testing& Business Analytics
Hypothesis Testing: Null and Alternative Hypotheses; Type Iand Type II errors; Testing of Hypothesis:
Large Sample Tests, SmallSample test, (t, F, z Test and Chi Square Test)
Concept of BusinessAnalytics- Meaning types and application of Business Analytics,Use of Spread Sheet to
 anlayze data-Descriptive analytics and Predictive analytics.

Course Outcome:

Course Outcome Blooms Taxonomy

COI. Gaining Knowledge of basic concept / Knowledge (K 2)
Fundamentals of business statistics.
CO2. To compute various measures of central Remembering ( Kl)
tendency, Measures of Dispersion, Time Series Applying (K4)
Analysis, Index Number, Correlation and
Regression analysis and their implication on
Business performance.
CO3. Evaluating basic concepts of probability and Comprehending (K 3)
perform probability theoretical distributions Applying (K4)
CO4. To apply Hypothesis Testing concepts and Analyzing ( K 5)
able to apply inferential statistis- t, F, Z Test and Synthesizing ( K6)
Chi Square Test
COs. To perform practical application by taking Evaluating ( K7)
managerial decision and evaluating the Concept of Applying (K4)
Business Analytics.

Suggested Readings
1. GC Beri - Business Statistics, 3rd ed, TATA McGrawHill.
2. Chandrasekaran & Umaparvathi-Statistics for Managers, lst edition, PHI Learning
3. Davis, Pecar -Business Statistics using Excel, Oxford
4. Ken Black - Business Statistics, Sth ed., Wiley India
5. Levin and Rubin - statistics for Management, 7th ed., Pearson
6. Lind, Marchal, Wathen - Staisticaltechniques in business and economics, 13th ed, McGrawHill
7. Newbold, Carlson, Thorne - Statistics for Business and Economics, 6th ed., Pearson
8. S.C.Gupta - Fundamentals of Statistics, Himalaya Publishing
9. Walpole - Probability and Statistics for Scientists and Engineers, 8th ed., Pearson
 Printed Page: 1of 2
Subject Code: KMBNI04
PAPER ID-311070
RollNo:
MBA
(SEM I) THEORY EXAMINATION 2020-21
BUSINESS STATISTICS & ANALYTICS
Time: 3 Hours Total Marke: 100
Note: 1. Attempt all Scctions. If requireuny missing data; then choose suitably.
SECTIONA
1. Aftempt all qucstions in brief. 2x 10 =20
Q no. Question Maks CO
Definc Quartiles. 2
What is Mcan deviation? 2
Deine Time scries unalysis. 2 2
Describe Index Number. 2
What do you mean by Correlation? 2
f Define Regression Line. 2 3
Describe Probability. 2 4

Define Probability Theoretical Distributions. 2 4

1
What do you mean by Hypothesis Testing?
Describe Chi Square Test.

CECCTIUNB
2. Attempt any three of the follo* 'gi
QDo. h:sation Marks
a. Define the tem "Statistics" and discuss its functions and imitations 10
Discuss Laspeyre's, Paaschc's and Fisher's index numbers. Which of the 10 2
three would you prefcr and why ?
C. The cocfficient of correlation bcwcen two variables X and Y is 0-48. 10 3
The covariance is 36. The varunce of X is 16. Find,thc standard
deviation of Y.
d. Wite the properties of Binomial; Poisson und Normal distributions. 10 4
e. What do you mean by Business Analytics? Explain its types and 10
applications.

SECTIONC
3. Attempt any one part of the following:
Qno. Qucstion
Marks CO
"Fach averagc has its uwO special fcatures and it is difficult to say which 10
one is the best" Explsin and illustrate,
b Twenty passengers were fuund tickctless on a bus. The sun1 of squares 10
and he S.D. of the amount found in heir pockets were 2,000-00 and g
6-00respectivcly. If the total fine imposed on these passengeis is coual
to the total anount recovered trom them And finc imposed is unifom.
what is the amount each one of he has lo pay as finc? What
diTeulties do you visualizeif such a systen) of penalty werc imposed!

1|Page
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Sabject Code: KMBN104
PAPER ID-311070
Roll No:
4.
Attempt any one part of the following:
Marks
Q no.
Question 82CO
Explain thc meaning of time series, What Arc its main components? How 10
would you study scasonal variutions in a tin1c scries?
2
Construct Index Number for each year irom the following averaye lO
annualwholesale prices of cotlon with 1993 as base :
Year Wholesale Year Wholesale
Price () Price ()
1993 75 1998 70
1994 S0 1999 69
1995 65 2000 7S
1996 60 200 84
1997 72 2002 80

S. Attempt any one part of the following:

Marks CO
Question
What are the advantages of Spearman's rank correlation coefficient over 10 3
Karl Pearson's correlation coefficient? Explain the method of calculating
Spean1nan's corelation coefficient.
10 3
b The following is an estimated supply regreSsion for sugar :
Y = 0-025 + 1-SX
Where Y is supply in kilos and X is price (O per kilo.
(i) Interpret the coeficient of variable X.
(ü) Predict the supply when price is 20 per kilo.
i in çw auy: case, inepret the impiicd
(iüi) Given ia (n, y)
relationship betwccn price and yuantity supplied.

6. Attempt any one part of the following:

Questivn Marks Co
Ono.
Explain Additiun and Multiplication Law. What is Bayc's Theorem
10 4
times : they agree in
Aspeaks thc truth 2 out of 3times and R4 out of S
10 4
b
colours, a
the assertion that from a bag containing 6,bulls of different is true.
black bal! has bcen drawn. Find the probability that the statement

7. Attempt any one part of the following:

Question Marks Co
Q no.
and Predictiveanalytics. 10
|Differentiate between Dcscriptive analytics
Assume the mean height of soldiers to be 68·22 inches with avariance 10
in a reglmcnt of 1,000 would you
of J0-8 inches2. Ilow many soldicrsand (i) below 5-5 lvet ? Assume
expect to be (i) over six feet tall,
distributed.
heights to be normally

2 |Pae

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 Printed Page: 1 of 2
PAPER ID-311090 Subject Code: RMB104
Roll No:

MBA
(SEM I) THEORY EXAMINATION 2020-21
Time: 3 Hours
BUSINESS STATISTICS
Total Marks: 70
Note: 1. Attempt all Sections. If require any missing data; then
choose suitably.
SECTION A
1
Attempt all questions in brief. 2 x7=14
Write note on various types of data.
b
Distinguish between descriptive and inferential
How critical value is used in testing of hypothesis.statistics.
Suppose a study is conductcd on laundry usage in 50
washer and dryers. Following data aro the number ofhouseholds
that contains
gallons used by each
washing machine during the washing cycle Summarize the data so that study
findings cab be reported:
15 17 16 5 16 17 18 15 |14 15
16 16 17 16 15 15| 1 4 15 16
16 14 12 15 16 4 14 16
15 13 16 17 17 15 16 16 16 14
17 16 17 14 16
13 16 15 I5 16
e
Explain the components of time series by giving example.
f Acard is drawn from pack of 52. What is the
knave
probability of getting a spade or
g Illustrate Laplace criterion with the help of example.
SECTION B
2. Attempt any three of the following: 7x3=21
a What is meant by measure of dispersion? What are the
measure of dispersion?
characteristics of a good
b From the following data compute the Laspeyer's and Paasche's Price Index fdr
the current year
Commodity Base Yen Current Year
Price Quantiy Price Quantity
A 6 8
B 2 7 4
3 3 6
D 4 2 5
C What do you understand by regression? What role does it play in business and
economicanalysis?
One bag contains 4white balls and 3 black balls and second bag contains
white and 5 black balls. One of the bags is chosen at random and a draw of 2
balls is made from it. Interpret the probability that one is white and the other is
black.
What do you understand by hypothesis? Discuss the procedure of testing
bypothesis.

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Subject Code: RMB104
PAPER ID-311090
Roll No:

SECTION C
3. Attempt any one part of the following: 7x1=7
(a) The radio music listeners market is diverse. Listener formats might include

adult contemporary, album rock, and top 40, oldies, rap, and country and
western, classical and jazz. In targeting audiences, market rescarchers necd to
be concerned about the ages of the listeners attracted to particular formats.
Suppose a market researcher surveyed a sample of 170 listeners of oldies
stations and obtained the following age distribution.
Age 15-20 20-25 25-B0 30-35 35-40 40-45 |45-50 50-55
F 9 16 27 44 42 23 2
Find the mean medianand mode.
(b) Statistics are dangerous in the hands ofa non expert person. Explain
4.
Atempt any one part of the following: 7x1=7
(a) Calculate the trend values by the method of moving average assuming a three
yearly cycle from the following data relating to sugar production in India
Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Production 200 120 280 240 160 330 360 400 320 360 360
(b) Index numbers are said to be economic barometers. Explain this statement.
5. Attempt any one part of the following: 7x1=7
(a) Explain the meaning and significance of Correlation. How would you
distinguish between positive and negative correlation?
(b)
X
Two49judges in abeauty 29
69 39 49
contest had giventhe following marks
Y 59 59 59 49 39
Find Spearman's rank correlation coefficient between X & Y
6 Attempt any one part of the following: 7x1=7
|(a) In an intelligence test administered to 2000 students, the average score was 45
and the standard deviation was 15. Find:
i) The expected number of students scoring more than 50.
i) The number of students scoring between 30 and 55.
(b) Explain probability. Distinguish between discrete and continuous probability
distributions.
7. Attempt any one part of the following: 7x1=7

(a) A fruit vendor purchases fruits for Rs S a box and sells for Rs 10 a box. The
high markup reflects the perish ability of the fruit and the great risk of stocking
it., the product has no value after the first day it is offered for sale. The vendor
faces the problem of how many boxes to order for tomorrow's business. Based
on 90day observation of the past sales given in the following table, how many
boxes the fruit vendor must order to maximize his profit
Daily Sales No. of dys sold Probabiliy
J0 .20
36 .40
12 27 30
13 .10
Total 90 L.00
(b) What do you understand by EVPI? How is it calculated?
2 | Page
 Printed Page 1 of3 Sub Code:KMB104/KMT 104
Paper ld: 270104 Roll No:

MBAMBA-TM
(SEM-I) THEORY EXAMINATION 2019-20
BUSINESS STATISTICS AND ANALYTICS
Time: 3 Hours Total Marks: 100
Note: 1. Attempt allSections. If require any missing data; then choose suitably.
SECTION A
1. Attempt allquestions in brief. 2x 10 = 20
Qno. Question Marks CO
a
Discuss cocfficient of variation and why it is calculated.
The arithmetic mean of 150 observations was found out to be 80.5. At2
the time of calculation, one observation was wrongly recorded as 850
instead of 85. Calculate the correct mean.
Explain factor reversal test of index number. 2 2
d Write a note on secular trend. 2 2
e
Write down the formulae for regression coefficients. 2 3
Name the types of correlation. 2 3
Find the probability that a card selected at random from a deck is an ace 2 4
or a queen.
Ifn is 10 and p and q are 60% and 40% respectively. Find the mean and 2 4
standard deviation of Poisson distribution.
uonte'MMM
1.
Explain Minimaxand Maximin principle of decision making. 2
J. Explain the expected opportunity loss principle in decision making. 2 5
SECTION B
2. Attempt any three of the following: 3X10-30
Qno. Question Marks CO
a. Define statistics. Explain the importance of statistics with reference to 10 81
business and industry.
b What is index number? Discuss its utility. 2
C The information about sales turnover and advertising expenses given 10 3
below:
Mean S.D
Advertisement 10 3
Expenditure (Rs lacs)
Sales turnover ( Rs crores)90 12
Coefficient of correlation 0.8
Find:
i) Two regression equations.
ii) Estimate likely sales turnover when the advertisement budget is Rs l1S
lacs.
According to study by a management consultant relating to new 10 4
businesses facing difficulties, 60% of them have difficulties chiefly
because they are undercapitalized and 40% have difficulties mainly due
to poor management. It is also observed that in the first case chances of
failure is 60% and in second case chances of failure 70%. Calculate the
probability that anew business with difficulties that failed had its
problems mainly due to under-capitalization.
Describe the steps involved in the process of decision making. 10

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SECTION C
3. Attempt any one part of the following: 1X10=10
Qno.
Question Marks Co
a.
In a hotel a total of 500 bulbs were installed
their failure over time was observed as detailed below.simultaneously
and 10

to calculate the mean life of

You are required
bulbs.
End of 2 3 4 5 6 7
week
No of 12 40 108 242 346 428 500
failures
b What do you mean by central tendency? Describe the methods of 10
measuring the central tendency
4. Attempt any one part of the following: 1X10=10
Qno.
Question Marks CO
a. Calculate the Fishers Ideal Index number from the following data: 10 2
Commodities Base Year (2015) Current Ycar(2016)
www.aktuonline.com Price Quantity Price Quantity
12 10 15 12
7 20 S
C 24 20 9
16 14
b. What is time series? Explain the various components of time series. Also 10 2
give the importance of time series

5.
Attempt any one part of the following: 1X10=10
Qno. Question Marks CO
a. Calculate Karl Pearson coefficient of correlation from the following 10 3
data.
X 18 20 21 |22 27 27 28 29
Y 23 37 29 |28 |28 31 Bs BO B6 3
b. What do you understand by regression? What role does it play in 10 3
business and economic analysis?

6 Attempt any one part of the following: 1X10=10

Qno. Question Marks Co
a. A machine fills coffee powder in pouches, with an average of 200 gm 10 4
and a standard deviation of 4 gm. Assuming that the coffee weight is
normally distributed. Find the probability that a coffee pouch selected at
random will contain the following quantity of a coffee:
I) At least 200 gm.
II) Between 200 to 206 gm.
b. What is probability? Explain the calculation of probability under the 10 4
classical approach.

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Paper Id: 270104 Roll No:

7.
Attempt any one part of the following: 1X10=10
Q no.
Question Marks CO
a
The number of crates of mangoes demanded and frequency of each
of demand in a period of l00 day are level 10
No. of crates 700
given below:
1060 1400 1750
demanded
No of days. 20 25 40 15
It costs Rs 250 to buy a crate. The selling price of
each crate, if it is sold
the same day is Rs 400, but if it is not, the crate with the
tale fruits has a
salvage value of Rs 150. How many crates should a dealer order every
day so that his pro fits may be maximized?
b. What are decision tree? Explain the decision tress with the help of
example. any 10

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 Printed Page 1of2 Sub Code: MBTMI015/NMBA015
Paper Id: 270140 Roll No:

MBA
(SEM D) THEORY EXAMINATION 2019-20
BUSINESS STATISTICS
Time: 3 Hours
Total Murks: 100
Note: Attempt all Scctions. If require any missing data; thcn
choose suitably.
SECTION A
1. Attempt all questions im brief. 2 x 10= 20
a What are Measures of Central Tendency?
b What is Coefficient of Variation?
C What is Historical Series?
d What is Method of Least Square?
e What is Index Number?
What is Regression Analysis?
What is Probability?
h What is Baye's Theorem?
www.aktuonline.com What is F-test?
What is Z-test?
SECTION B
2. Attempt any three of the following: 10x3=30
a. What is meant by Measures of Dispersion? Discuss the various measurements of
Dispersion.
b Explain the Additive and Multiplicative model of Time Series and also discuss the
various components of Time Series.
C. What are the types of Index Numbers? Discuss the uses of Index Numbers.
d What is meant by Binomial Distribution? Discuss the characteristics of Binomial
Distribution.
e Define Association of Attributes. How would you measure it?

SECTIONC
3. Attempt any one part of the following:
Calculate the S.D. and its coefficient from the following data:
-
10x1=10

Marks 10-20 20-30 30-40 40-50 S0-60 60-70 70-80

Frequency : 6 8 15 7 3 0
b What is Kurtosis? How it measures? What purpose does it serve?

4. Attempt any one part of the followimg: 10x1=10

a Fit a least squares trend to the following data. Aso estimate the value of sale for the
year 2025:
Year 2012 2013 2014 2015 2016 2017
Sales (Rs. Lakh) : 12 15 17 22 24 30
b Discuss the applications of Time Series in Business Decision Making,

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Attempt any one part of the following: 10x1=10

a.
Compute Laspeyre's, Pasche's, Fishcr's index numbers from the
Item Base Year
following data:
Current Year
Price (Rs.) Expenditure(Rs.) Price (Rs.)
V)
V2 3
125 Expenditure(Rs.)
180
24 4 40
2 20 3 24
Va 10 40
b 15
Explain the meaning and significance of coIrelation. Give the
interpreting its cocfficient. general rules for
6.
Atempt any one part of the following: 10x1-10
A factory has two machines. Past records
show that machine I produces 30% of the
items of output and machine 2 produces 70% of
produced by machine 1were defective and only the1% items. Further 5% of the items
produced
defective. If a defective item is drawn at random. What is the by machine 2 were
www.aktuonline.
com defective item was produced by
machine 1?
probability that the
b What is meant. by Normal Distribution?
Distribution. Discuss the characteristics of Normal

7. Attempt any one part of the following: 10x1=10

A random sample of 1l pairs of items from a
of Correlat ion of +0-5. Is this value significantnormal population gives a coefficient
of the existence of corelation in the
Universe? Use t-test. (Given : Critical value of t at 5% level of significance with 9
d.f. = 2:262)
b By using x² (Chi-square) test, find out whether there is any
income level and type of schooling: association between
Income Public School Govt. School
Low 200 400
High 1000 400
Given: 5% value of y' for 1 d.f. is 3-841.

Puge 2 of2
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 Printed Page 1of 3 Sub Code:KMB104/KMT104
Paper ld: 270104 Roll No:

MBA/MBA-TM
(SEM-I) THEORY EXAMINATION 2019-20
Time: 3 Hours
BUSINESS STATISTICS AND ANALYTICS
Note: 1. Attempt all Sections. If require any missing Total Marks: 100
data; then choose suitably.
1. SECTION A
Attempt all questions in brief. 2 x 10 = 20
Qno.
Question Marks CO
Discuss coefficient of variation and why it is
b. The arithmetic mean of 150 calculated. 2 1

the time of calculation, one

observations was found out to be 80.5. At 2 1
observation was wrongly recorded as 850
instead of 85. Calculate the correct mean.
C
Explain factor reversal test of index number. 2
d 2
Write a note on secular trend.
2 2
e
Write down the formulae for
regression coefficients. 2 3
Name the types of correlation. 2 3
Find the probability that a card selected at
or a queen.
random from adeck is an ace 2 4
h Ifn is 10and p and qare 60% and 40%
www.aktuonlinc.com
standard deviation
of
respectively. Find the mean and
Poisson distribution.
2 4
1.
Explain Minimax and Maximin principle of decision making. 2 5
J. Explain the expected opportunity loss principle in decision making. 2
SECTION B
2. Attempt any three of the following: 3X10=30
Qno. Question Marks Co
a Define statistics. Explain the importance of statistics with reference to 10
business and industry.
b. What is index number? Discuss its utility. 10 2
C. The information about sales turnover and advertising expenses given 10 3
below:
Mean S.D
Advertisement 10 3
Expenditure (Rs lacs)
Sales turnover ( Rs crores) 90 12
Coefficient of correlation 0.8
Find:
i) Tworegression equations.
ii) Estimate likely sales turnover when the advertisement budget is Rs 15
lacs,
d. According to study by a management consultant relating to new 10 4
businesses facing difficulties, 60% of them have difficulties chiefly
because they are undercapitalized and 40% have difficulties mainly due
to poor management. It is also observed that in the first case chances of
failure is 60% and in second case chances of failure 70%. Calculate the
probability that a new business with dificulties that failed had its
problems mainly due to under-capitalization.
e. Describe the steps involved in the process of decision making. 10

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SECTION C
3.
Attempt any one part of the following: 1X10=10
Qno.
Question Marks CO
In a hotel a total of 500 bulbs were installed
their failure over time was observed as detailed below.simultaneously
and 10
to calculate the mean life of bulbs.
You are required
End of1 3 4 6
weck
No of 12 40 108 242 346 428 500
failures
b
What do you mean by central tendency? Describe the methods of 10
measuring the central tendency
4. Attempt any one part of the following: 1X10=10
Qno.
Question Marks Co
Calculate the Fishers Ideal Index number from the following data: 10 2
Commodities Base Year (2015) Current Ycar(2016)
www.aktuonline.com Price
Quantity Price Quantity
A 12 10 15 12
20
24 20 9
D 5 16 14
b What is time series? Explain the various components of time series. Also 10 2
give the importance of time series

S. Attempt any one part of the following: 1X10=10

Qno. Question Marks CO
a Calculate Karl Pearson coefficient of correlation from the following 10 3
data.
X 18 20 |21 22 |27 28 29 29
Y 23 37 29 28 |28 3s 30 B6 $3
b What do you understand by regression? What role does it play in 10 3
business and economic analysis?

6. Attempt any one part of the following: 1X10=10

Qno. Question Marks CO
A machine fills coffee powder in pouches, with an average of 200 gm 10 4
and a standard deviation of 4 gm. Assuming that the coffee weight is
normally distributed. Find the probability that a coffec pouch selected at
random will contain the following quantity of a coffee:
I) At least 200 gm.
II) Between 200 to 206 gm.
b
What is probability? Explain the calculation of probability under the 10 4
classical approach.

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 Printed Page 3 of 3
Paper Id: Sub Code:KMB104/KMT104
270104 Roll No:

7
Attempt any one part of the following: 1X10=10
O no.
Question Marks co
a.
The number of crates of mangoes demanded and frequency of each
of demand in a period of 100 day are level 10
No. of crates 700 given below:
1060 1400 1750
demanded
No of days. 20 25 40 15
It costs Rs 250to buy a crate. The selling price of each crate, ifit
is sold
the same day is Rs 400, but if it is not, the crate with the tale fruits has a
salvage value of Rs 150. How many crates should a dealer order every
day so that his profits may be maximized?
b What arc decision tree? Explain the decision tress with the help of any 10
example.

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 Printed Page 1of 2 Sub Code:RMB1 04/RMTI04
Paper Id: 270129 Roll No:

MBA
(SEM I) THEORY EXAMINATION 2019-20
Time: 3 Hours
BUSINESSSTATISTICS
Total Marks: 70
Note: 1. Attempt all Sections. If require any missing data; then choose
suitably.
SECTION A
1. Attempt allquestions in brief. 2 x7= 14
What is statistics?
b Define Inferential Statistics.
C. What is Least Square method
d What do you mean by dispersion?
What do you understand by linear regression?
What is a Test Statistic?
g. What do you mean by Critical Region of a test?
SECTION B
2. Attempt any three of the following:
www.aktuonlinc,com 7x3=21
"Every average has its own peculiar characteristics. It is difficult to say which
average the best." Explain with examples.
b "Correlation and Regression are two sides of the same coin". Explain.
C.
Explain the uses of index numbers. What problems are involved in the
construction of index numbers?
d Distinguish between the point estimation and interval estimation. Explain how
an interval estimate is better than a point estimate.
e What is a Hypothesis? Explain how Hypothesis Testing is useful to
management?
SECTION C
3. Attempt any one part of the following: 7x1=7
(a) Assuming the probability of male birth as ½, find the probability distribution of
number of boys out of 5 births.
(a) Find the probability that a family of 5 children have
() at least one boy
(ii) at most 3 boys
(b) Out of 960 families with 5 children cach find the expected number of
families with
(i) and
(ii) above
(b) What are the different components of statistics? How is statistics used in
everyday life? Explain with suitable examples.
4. Attempt any one part of the following: 7x1=7
(a) SBIclaims that more than 55% of the saving accounts in Haryana are at SBI. A
sample survey of 400 account holders revealed that only I80 account holders
have account at SBI. Verify, using s% level of significance, if the sample
results underestimate the claim of SBI.
(b) What effect does seasonal variability have on a time-series? What is the basis
for this variability for an economic time-series?

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 Printed Page 2 of 2 Sub Code:RMB104/RMTI104
Paper Id: 270129 Roll No:

5. Attempt any one part of the following: 7x1=7

(a) What is a sampling distribution, and what are the uses of sampling
distributions?
(b) The average monthly electricity consumption fora sample of 100 families is
1250units. Assuming the standard deviation of clectric consumption of all
families is 150 units, construct a 95 per cent confidence interval estimate of the
actual mean electric consumption.
6 Attempt any one part of the following: 7x1=7

(a) List some of the important areas where Poisson distribution is used. Also state
the important properties of a Poisson distribution.
(b) ABC Tool Company makes Laser XR; a special engine used in speedboats. The
company's engineers believe that the engine delivers an average power of 220
horsepower, and that the standard deviation of power delivered is 15
horsepower. A potential buyer intends to sample 100 engines (each engine to
be run a single time). What is the probability that the sample mean X will be
www.aktuonlinc.com less than 217 horsepower?
7. Atempt any one part of the following: 7x1=7
(a) Explain what you understand by the term 'probability'. How the concept of
probability is is relevant to decision making under uncertainty?
(b) The data on price and quantity purchased relating to a commodity for 5 months
is given below:
Month: January February March April May
Prices(Rs): 10 10 11 12 12
6 4 3 3
Quantity(Kg): 5
Find the Karl Pearson's Coefficient of Correlation between prices and quantity
and comment on its sign and magnitude.

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 Printed Pages: 02 Sub Code:NMBA015/MBTMO15
Paper Id: 270140 Roll No.

MBA
(SEM I) THEORY EXAMINATION 2018-19
BUSINESS STATISTICS
Time: 3 Hours Total Marks: 100

Note: 1. Attempt all Scctions. If require any missing data; then choosc suitably.
SECTION A

1. Attempt all questions in brief. 2 x 10 = 20

a. What are the misuses of Statistics?

b Define Advantages and Characteristics of Median.
C Describe the uses of probability
d State the concept of regression
e What is Coefficient of Variation ( C.V.)?
f Why in Normal Distribution all parameters like mean, median and mode are equal?
Define basic terminology of Experiments, Events and Sample Space in probability
h Define Fixed base method in Index Numbers.
i Write down the formula of Karl Pearson to find out coefficient of correlation.
Define Bayes' Theorem.

SECTION B

10 x 3 = 30
2 Attempt any three of the following:
What is Skewness? How does it differ from dispersion? Also mention the different
measures of Skewness
b What is Poisson Distribution? How it is calculated? Define its characteristics
C. Explain the concept of Index number and its uses.
d Compare between Mean, Median and Mode and explain which of the three measures
the best is
e Calculate the mean and standard deviation of a binomial distribution of the data
depicted in the following table
X 1 2 3 4

f 4 20 40 40 20 4

SECTION C

3. Attempt any one part of the following: 10 x1 =10

(a) What do you mean by Time Series Analysis? Explain its components.
(b) The mean salary of employees of a fim is Rupees 30,000. The mean annual salaries of
male and female employees are Rupees 35,000 and Rupees 23,000 respectively. Find
out the percent age of male and female employees in the firm.
4. Attempt any one part of the following: 10 x 1 = 10

(a) What are the techniques of association of attributes & testing? Explain
(b) Do you think that Standard Deviation is the best measure of dispersion amongst all the
measures? Is there any limitation/s of Standard Deviation?

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5. Attempt any one part of the following: 10 x 1 = 10
(a) An average light bulb manufactured by the "X" Corporation lasts 300 days with a
standard deviation of 50 days, Assuming that bulb life is normally distributed, what is
the probability that an x" light bulb willlast at most 365 days?
(b) Differentiate between Binomial distribution, Poisson distribution and Normal
distribution.
10x 1= 10
6 Attempt any one part of the following:
(a) Explain the following -
() Regression equations and their application
(i) Testing of Hypothesis
(b) Suppose 35% of fist-year college students applied to some other college than where
they are actually attending. Suppose further that you will be asking a simple random
sample of size n = 1000 from the population of about N = 1,600,000 and desire a result
within 3% of the true value. How probable is this? 10 x 1 = 10
7 Atempt any one part of the following:
(a) Explain with examples the following -
() Least Square Method
(iü) Trend Analysis of the total
(b) In a bolt factory, machines A,B& C manufacture 25%, 35% and 40% bolts. A
respectively. Of the total of their output, 5%, 4% and 2% are defective
output
bolt is drawn at random and is found to be defective. What is the probability that it was
manufactured by Machine A, B and C?

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 Printed Pages: 02 Sub Code: KMBI04/KMTI04
Paper Id: 270104 Roll No.
MBA
(SEM I) THEORY EXAMINATION 2018-19
BUSINESS STATISTICS AND ANALYTICS
Time: 3 Hours Total Marks: 100
Note: 1. Attempt all Sections. If require any missing data; then choose suitably.
SECTION A
2x 10 = 20
1. Attempt all questions in brief.
a. What is the difference between a sample and a population?
inferential statistics?
b. What is the difference between descriptive statistics and
C. How do you interpret the first quartile, median, and third quartile?
d. What is meant by the propcrty of shape?
e. What is the difference between a simple event and a joint event?
to use the binomial
f What are the four propertics that must be present in order
distribution?
normal curve?
How do you find the area between two values under the
simple linear
h What is the interpretation of the Yintercept and the slope in the
regression equation?
smoothing?
What is the difference between moving averages and exponential contain 53
at random will
J. What is the probability that a leap year selected
Mondays?
SECTION B
10 x3 = 30
2. Attempt any three of the following: and mode, and what are the
a What are the differences among the mean, median,
advantages and disadvantages of each?
is - 0.56, Q1=16.4 and
b For a distribution, Bowley's coefficient of skewness
Median = 24.2. What is the coefficient of quartile deviation? a group
C. "Index Numbers are devices for measuring changes in the magnitude of
important uses of
of related variables". Discuss this statement and point out the
index numbers.
the need
d. Discus the role of normal distribution in statistical theory. Bring out
for having a standard normal curve.
e
a period of falling
An investor is fond of investing in equity shares. Duringshare
prices in the stock exchange, a stock is sold at Rs 120 per on one day, Rs
50
105 on the next and Rs 90 on the third day. The investor has purchased
shares on the first day, 80 shares on the second day and 100 shares on the third'
day. What average pric per share did the investor pay?
SECTIONC
Attempt any one part of the following: 10 x1= 10
3.
(a) Ten entries are submitted for a competition. Three judges study each entry and
list the ten in rank order. Their rankings are as follows:

A B C D H
Entry
Judge First 9 3 6 2 4 10 8
10 4 3 5 2 7 6
Judge Second
Judye Third 6 7 2 10

Calculate the appropriate rank correlation to help you answer the following
questions:
1|Pge
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 () Which pair of judges agrees the most?
(i) Which pair ofjudges disagrees the most? for the following data -
(b) Write regression equations of X on Yand of Yon X

45 48 50 55 65 7075 | 72 80 85
60 65
25 3035 30 40 50 45 55 10 x 1= 10
4. Attempt any one part of the following: demand. Past
average to forccast next month's
(a) A food processor uses a moving below:
actual demand(in units) is shown
46 47 48 49 50 51
43 44 45
Month
Actual Demand (in 130 128 137
105 106 110| 110 114| 121
Units)
month
moving average to forecast demand for
(a) Compute a simple five-month
52.
moving average where the weights are
(b) Compute a weighted three-month order of 3, 2, 1.
highest for the latest months and descend in the concept of correlation. Does
and significance of
(b) Explain the meaning signify
variables? Explain
casual relationships between two criticized?
correlation always correlation be
the following
with illustration on what basis can 10 x 1 = 10
part of the following:
5. Attempt any one following
making under uncertainty explain the
(a) In decision Maximax Criterion
(i) Maximin Criterion
(ii) with mean wage of
The weekly wage of 2000 workmen is normally distributionnumber of workers
(b) of Rs 5. Estimate the
deviation
Rs 70 andwage standard
whose weekly wages are
71
(a) between Rs 70and Rs
betwween Rs 69 and Rs 73
(b)
(c) more than Rs 72
(d) less than Rs 65 10 x 1= 10
Attempt any one part of the following: period
6
average number of car-arrivals during a specificd
(a) At a parking place the arrival process is well described by a Poisson process,
of 15 minutes is 2. If the 15 minutes
find the probability that during a given period of
(a) no car will arrive
(b)atleast two cars will arrive
(c) atmost three cars will arrive
(d) between I and 3 cars will arrive
distribution. State the properties of the
(b) Define continuous probability
probability density function of a continuous random variable. 10x l= 10
7 Attempt any one part of the following:
(a) In decision under risk, what do you mean
by
Decision Tree
(ii) Expected Monetary Value (EMV)
(b) Amarket analyst believes that the stock market has a 0.70 probability of going
up in the next year if the economy should do well, and a 0.20 probability of
going up if the economy should not do well during the year.do Thewel analyst
in the
believes that there is a 0.80 probability that the economy will
coming year. What is the probability that stock market will go up next year?

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