Top-Rated Free Essay
Preview

Mb0040 Smu Mba

Satisfactory Essays
383 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Mb0040 Smu Mba
Spring 2012

Master of Business Administration- MBA Semester 1 MB0040 – Statistics for Management - 4 Credits (Book ID: B1129) Assignment Set - 1 (60 Marks)

Note: Each question carries 10 Marks. Answer all the questions.

Q1. What are the functions of Statistics? Distinguish between Primary data and Secondary data. Q2. Draw a histogram for the following distribution: Age No. of people 0-10 10-20 20-30 30-40 40-50

5

10

15

8

2

Q3. Find the median value of the following set of values: 45, 32, 31, 46, 40, 28, 27, 37, 36, 41. Q4. Calculate the standard deviation of the following data: Marks No. of students 78-80 80-82 82-84 84-86 86-88 88-90

3

15

26

23

9

4

Q5. An unbiased coin is tossed six times. What is the probability that the tosses will result in: (i) exactly two heads and (ii) at least five heads. Q6. Explain briefly the types of sampling

Spring 2012

Master of Business Administration- MBA Semester 1 MB0040 – Statistics for Management - 4 Credits (Book ID: B1129) Assignment Set - 2 (60 Marks)
Note: Each question carries 10 Marks. Answer all the questions.

Q1. Explain the following terms with respect to Statistics: (i) Sample, (ii) Variable, (iii) Population. Q2. What are the types of classification of data? Q3. Find the (i) arithmetic mean and (ii) range of the following data: 15, 17, 22, 21, 19, 26, 20. Q4. Suppose two houses in a thousand catch fire in a year and there are 2000 houses in a village. What is the probability that: (i) none of the houses catch fire and (ii) At least one house catch fire? Q5. (i) What are the characteristics of Chi-square test? (ii) The data given in the below table shows the production in three shifts and the number of defective goods that turned out in three weeks. Test at 5% level of significance whether the weeks and shifts are independent. Shift I II III Total 1st Week 15 20 25 60 2nd Week 5 10 15 30 3rd Week 20 20 20 60 Total 40 50 60 150

Q6. Find Karl Pearson’s correlation co-efficient for the data given in the below table: X Y 20 22 16 14 12 4 8 12 4 8

You May Also Find These Documents Helpful

  • Better Essays

    QNT/351 Week two paper

    • 977 Words
    • 4 Pages

    McClave, J. T., Benson, P. G.,& Sincich, T. (2011). Statistics for business and economics (11th ed.).Boston, MA: Pearson-Prentice Hall…

    • 977 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Numbers are ordered. One number is greater than, less than, or equal to another number.…

    • 529 Words
    • 5 Pages
    Satisfactory Essays
  • Powerful Essays

    12. For the following scores, find the mean, median, sum of squared deviations, variance, and standard deviation:…

    • 1095 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    BUAD310 Lect1 Spring2013

    • 1118 Words
    • 17 Pages

    Spring 2013 BUAD 310 Applied Business Statistics F. Pereira Session 1 Introduction 1 Introduction Francis Pereira, Ph.D. Adjunct Professor Office : IOM 401J Office Hours: Wednesdays 1:00 – 2:00 PM and by appointment Telephone : (213) 821-1615 E-mail : pereira@marshall.usc.edu 2 Course Focus • Focus on learning various statistical techniques and their applications that will assist you in making business decisions. • Enable students to perform and understand statistical analysis of data, with the view of being able to critically evaluate statistical reports or findings • Learn to think critically about how statistics is used by others and how it impacts your day to day life and career No mathematical background beyond high school algebra is required for an understanding of the material 3 Course Requirements Midterm I 20% Midterm II…

    • 1118 Words
    • 17 Pages
    Powerful Essays
  • Powerful Essays

    BADM 528 2013 Fall Syllabus

    • 2736 Words
    • 11 Pages

    Anderson, Sweeney and Williams (2011). Essentials of Statistics for Business and Economics, 6th edition. Thomson-Southwest Publishing: ISBN: 13: 978-0-538-75457-6…

    • 2736 Words
    • 11 Pages
    Powerful Essays
  • Satisfactory Essays

    Week 5

    • 290 Words
    • 2 Pages

    There are a number of things that I am confused on in this class and having a little trouble with. I can do pretty good in the my stat lab. But when it comes to the different types of statistics I seem to struggle. I also struggle with calculating the central tendency and dispersion. Another thing that I not so confident in doing is calculating area between two data values and tell whether they are above or below a certain value. These are some of the thing that I have problems on some worse than other but throughout my busy schedule I am determined to figure these things…

    • 290 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Chapter 9

    • 30243 Words
    • 121 Pages

    Exam 1. 1. All continuous random variables are normally distributed. False. 2. The actual weight of hamburger patties is an example of a continuous random variable. True 3. The college of business administration at acorn University offers a major in finance. Based on historical records, 30% of the college of business students major in Finance. A random sample of 20 students is selected. What is the probability that exactly 3 of the selected students are majoring in Finance? .0716 4. Assume that we have selected a random sample of 25 units from a normally distributed large population. If u = 15, and c2=4, what is the probability that we will obtain a sample mean of less than 14? .0062 5. The normal approximation of the binomial distribution is appropriate when. Np> 5 and n(1-p) >5 6. A newly married couple plans to have four children. Suppose that boys and girls are equal likely each time a child is born. What is the probability the couple will have no more than 2 boys? 62.5% 7. A random variable is said to be discrete if: Its outcome are countable 8. The mean life of pair of shoes is 40 months with a standard deviation of 8 months. If the life of the shoes is normally distributed, how many pairs of shoes out of one million will need replacement before 36 months? 308,500 9. If the sampled population has a mean of 48 and standard deviation 16, then the mean and the standard deviation for the sampling distribution x for n=16 48 and 4 10. The MPG (MILES PER GALLON) for a mid-size car is normally distributed with a mean of 32 and a standard deviation of .8. what is the probability that the MPG for a selected mid-size car would be less that 33.2? 93.32% 11. If the random variable X has a mean of u and a standard deviation g, then (X-u)/g) has a mean and standard deviation respectively. 0 and 1 12. For a binomial probability experiment, with n=150 and p=.2, it is appropriate to use the normal approximation to the binomial distribution. TRUE 13. A computer system uses 4…

    • 30243 Words
    • 121 Pages
    Good Essays
  • Best Essays

    Time to Practice Week 1

    • 1891 Words
    • 12 Pages

    Some questions in Part A require that you access data from Statistics for People Who (Think They) Hate Statistics. This data is available on the student website under the Student Test Resources link.…

    • 1891 Words
    • 12 Pages
    Best Essays
  • Powerful Essays

    Miss

    • 1204 Words
    • 5 Pages

    Groebner, D.,Shannon P., Fry, P., and Smith, K.. Business Statistics Upper Saddle River, New Jersey: Pearson Prentice Hall.…

    • 1204 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    Qnt 351 Data Collection

    • 1346 Words
    • 6 Pages

    References: Lind, D. A., Marchal, W. G., & Wathen, S. A. (2011). Basic statistics for business and economics (7th ed.). New York, NY: McGraw-Hill/Irwin. Retrieved from the UOPX EBOOK Collection.…

    • 1346 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    4. Suppose the data have a bell-shaped distribution with a mean of 30 and a standard deviation of 5. Use the…

    • 477 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    Regression Analysis

    • 1285 Words
    • 6 Pages

    Anderson, David R., Sweeney, Dennis J., Williams, Thomas A. Essentials of Statistics For Business And Economics (2nd edition) Southwestern College Publishing, 2000.…

    • 1285 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Econ1202 Course Outline

    • 5238 Words
    • 21 Pages

    ECON1202 Quantitative Analysis for Business and Economics Course Outline Semester 1, 2013 Part A: Course-Specific Information…

    • 5238 Words
    • 21 Pages
    Good Essays
  • Satisfactory Essays

    |Friday |MSC 703 |Quantitative Methods for Business |Prof. Syed Shahadat Hossain |9.30 AM - 12.30 PM |UB 0701 |…

    • 335 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Quantitative Methods for Management, also known as Management Science, is a discipline that attempts to aid managerial decision making by applying a scientific approach to managerial problems that involve quantitative factors. Most traditional quantitative management courses at the university and the MBA levels have given the reputation of the field as being highly mathematical by emphasizing the mathematics of the field rather than its practical application.…

    • 1555 Words
    • 7 Pages
    Satisfactory Essays