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Allama Iqbal Open University, Islamabad Warning: (Department of Statistics)

The document outlines the assignment submission guidelines and policies for students at Allama Iqbal Open University, emphasizing the consequences of plagiarism and the importance of original work. It provides a detailed schedule for assignment submissions for the Business Statistics course, including due dates and specific tasks for each assignment. Additionally, it includes instructions for writing assignments and a breakdown of the topics to be covered in the assessments.

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imranaslam02300
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214 views3 pages

Allama Iqbal Open University, Islamabad Warning: (Department of Statistics)

The document outlines the assignment submission guidelines and policies for students at Allama Iqbal Open University, emphasizing the consequences of plagiarism and the importance of original work. It provides a detailed schedule for assignment submissions for the Business Statistics course, including due dates and specific tasks for each assignment. Additionally, it includes instructions for writing assignments and a breakdown of the topics to be covered in the assessments.

Uploaded by

imranaslam02300
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD

(Department of Statistics)
WARNING
1. PLAGIARISM OR HIRING OF GHOST WRITER(S) FOR SOLVING
THE ASSIGNMENT(S) WILL DEBAR THE STUDENT FROM THE
AWARD OF DEGREE/CERTIFICATE IF FOUND AT ANY STAGE.
2. SUBMITTING ASSIGNMENT(S) BORROWED OR STOLEN FROM
OTHER(S) AS ONE’S OWN WILL BE PENALIZED AS DEFINED IN
“AIOU PLAGIARISM POLICY”.
SCHEDULE FOR SUBMISSION OF ASSIGNMENTS
06 Credit Hours Due Date 03 Credit Hours Due Date
Assignment-1 12-06-2025
Assignment-1 08-07-2025
Assignment-2 08-07-2025
Assignment-3 31-07-2025
Assignment-2 20-08-2025
Assignment-4 20-08-2025
Note: Tutorial Schedule and Rehnama-e-Tulba are available on AIOU website i.e. aiou.edu.pk
Course: Business Statistics (1430) Semester: Spring, 2025
Level: BA/B. Com/BBA
Please read the following instructions for writing your assignments.
(SSC, HSSC & BA Programmes)
1. All questions are compulsory and carry equal marks but within a question the marks
are distributed according to its requirements.
2. Read the question carefully and then answer it according to the requirements of the
question.
3. Late submission of assignments will not be accepted.
4. Your own analysis and synthesis will be appreciated.
5. Avoid irrelevant discussion/information and reproducing from books, study guide or
allied material.
Total Marks: 100 Pass Marks (BA Old): 40
ASSIGNMENT No. 1 (BBA/B.Com/AD): 50
(Units: 1–4)

Q. 1 Describe the formation of frequency distribution and characteristics of relative


frequency distribution. (20)
Q. 2 a) Define descriptive and inferential statistics in detail. (10+10)
b) Explain in detail the application of statistics in business and commerce.
Q. 3 a) Describe different measures of central tendency. (10+10)
b) Here are the ages of forty-eight members of a country service program:
83 51 66 61 82 65 54 56 92 60
65 87 68 64 51 70 75 66 74 68
44 55 78 69 98 67 82 77 79 62
38 88 76 99 84 47 60 42 66 74
91 71 83 80 68 65 51 56
Obtain (i) median, (ii) mode (iii) range and coefficient of range.
Q. 4 Find mean deviation from mean and quartile deviation from the following data: (20)
Classes 1 – 7 8 – 14 15 – 21 22 – 28 29 – 35 36 – 42 43 – 49

1
Frequency 45 32 34 22 20 12 9
Q. 5 a) Discuss the basic concepts in the hypothesis-testing procedure. (10+10)
b) The average commission charged by full-service brokerage firms on a sale of
common stock is $144 and the standard deviation is $52. Joel Freelander has
taken a random sample of 121 trades by his clients and determined that they
paid an average commission of $151. At a 0.10 significance level, can Joel
conclude that his clients ‘commissions are higher than the industry average?

Total Marks: 100 Pass Marks (BA Old): 40


ASSIGNMENT No. 2 (BBA/B.Com/AD): 50
(Units: 5–7)

Q. 1 a) Interpret the significance level in hypotheses testing with the help of figures.
b) Some financial theoreticians believe that the stock market’s daily prices
constitute a random walk with positive drift. If this is accurate, then the Dow
Jones Industrial Average should show a gain on more than 50% of all trading
days. If the average increased on 101 to 175 randomly chosen days, what do
you think about the suggested theory at 0.01 level of significance? (10+10)

Q. 2 Two independent samples were collected. For the first sample of 60 observations,
the mean was 86 and the standard deviation 6. The second sample of 75 elements
had a mean of 82 and a standard deviation of 9. (10+10)
(a) Compute the estimated standard error of the difference between the two
means.
(b) Using a 0.01 level of significance, test whether the two samples can be
considered to have come from populations with the same mean.

Q. 3 a) Write properties of the sampling distribution for difference between sample


proportions. (10+10)
b) A sample of 32 money-market mutual funds was chosen on January 1, 1996,
and the average annual rate of return over the past 30 days was found to be
3.23% and the sample standard deviation was 0.51%. A year earlier, a
sample of 38 money-market funds showed an average rate of return of 4.36%
and the sample standard deviation was 0.84%. Is it reasonable to conclude (at
α = 0.05) that money-market interest rates declined during 1995?

Q. 4 a) What is a linear regression model? Explain the assumptions underlying the


linear regression model. (10+10)
b) The following data shows the son’s height and father’s height.
Father height (X) 59 61 63 65 67 69 71 73 75
Son’s height (Y) 64 66 67 67 68 69 70 72 72
Estimate the regression line y on x.

Q. 5 a) Discuss different types of index numbers in some detail. (10+10)


b) Discuss the major problems involved in the construction of index numbers of
prices.

2
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