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Assignment Module-4

The document contains an assignment with four quantitative analysis questions focused on calculating correlation coefficients, regression equations, and estimating future values based on provided data sets. It includes specific tasks related to keyboard operators' speed and accuracy, sales data for a study guide, overhead expenses in relation to production units, and the growth of personal computers at a university. Each question requires statistical calculations and interpretations to derive meaningful insights from the data.

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Pragya Tripathi Sharma
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20 views1 page

Assignment Module-4

The document contains an assignment with four quantitative analysis questions focused on calculating correlation coefficients, regression equations, and estimating future values based on provided data sets. It includes specific tasks related to keyboard operators' speed and accuracy, sales data for a study guide, overhead expenses in relation to production units, and the growth of personal computers at a university. Each question requires statistical calculations and interpretations to derive meaningful insights from the data.

Uploaded by

Pragya Tripathi Sharma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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QUANTITATIVE TECHNIQUES-E&T (EPHD902)

Assignment-4
Q.1 In an office some keyboard operators, who were already ranked on their speed, were also
ranked on accuracy by their upervisor.
The results were as follows:
Operator : A B C D E F G H I J
Speed : 1 2 3 4 5 6 7 8 0 9 10
Accuracy : 7 9 3 4 1 6 8 2 10 0 5

Calculate the appropriate correlation coefficient between speed and accuracy.

Q.2 Campus Stores has been selling the Believe It or Not: Wonders of Statistics Study Guide for 12
semesters and would like to estimate the relationship between sales and number of sections of
elementary statistics taught in each semester. The following data have been collected:

Sales (units) 33 38 24 61 52 45
Number of sections 3 7 6 6 10 12
Sales (units) 65 82 29 63 50 79
Number of sections 12 13 12 13 14 15

Calculate the sample coefficient of determination and the sample coefficient of correlation.

Q.3 Cost accountants often estimate overhead based on the level of production. At the
Standard Knitting Co., they have collected information on overhead expenses and units
produced at different plants and want to estimate a regression equation to predict future
overhead.

Overhead 191 170 272 155 280 173 234 116 153 178
Units 40 42 53 35 56 39 48 30 37 40

(a) Develop the regression equation for the cost accountants.


(b) Predict overhead when 50 units are produced.
(c) Calculate the standard error of estimate.

Q.5 The number of faculty-owned personal computers at the University of Ohio increased
dramatically between 1990 and 1995:

Year 1990 1991 1992 1993 1994 1995


Number of PCs 50 110 350 1,020 1,950 3,710

(a) Develop a linear estimating equation that best describes these data.
(b) Develop a second-degree estimating equation that best describes these data.
(c) Estimate the number of PCs that will be in use at the university in 1999, using both
equations.
(d) If there are 8,000 faculty members at the university, which equation is the better predictor?
Why?

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