Master of Business Administration – MBA Semester I
Subject code – MB0040
Subject Name – Statistics For Management
Assignment Set – 1
Q.1. Why it is necessary to summarise date? Explain the approaches available to summarize the data distributions? Q.2. Explain the purpose of tabular presentation of statistical data. Draft a form of tabulation t show the distribution of population according to i) Community by age, ii) Literacy, iii) Sex, and iv) Marital status. Q.3. Give a brief note of the measures of central tendency together with their merits and Demerits. Which is the best measure of central tendency and why: Q.4. Machines are used to pack sugar into packets supposedly containing 1.20 kg each. On testing a large number of packets over a long period of time, it was found that the mean weight of the packets was 1.24 kg and the standard deviation was 0.04 kg. a particular machine is selected to check the total weight of each of the 25 packets filled consecutively by the machine. Calculate the limits within which the weight of the packets should lie assuming that the machine is not been classified as faulty. Q.5. A packaging device is set to fill detergent powder packets with a mean weight of 5 kg. the standard deviation is known to be 0.01 kg. these are known to drift upwards over a period of time due to machine fault, which is not tolerable. A random sample of 100 packets is taken and weighed. This sample has a mean weight of 5.03 kg and a standard deviation of 0.21 kg. can we calculate that the mean weight produced by the machine has increased? Use 5% level of significance. Q.6. Find the probability that at most 5 defective bolts will be found in a box of 200 bolts if it is known that 2 percent of such bolts are expected to be defective. (you may take the distribution to be Poisson; e=0.0183)

...STAT 600 Statistics and Quantitative Analysis
PROJECT: Stock return estimation
The project must be done by 6-15 a.m. October, 16th. You should submit your projects before the class begins. This is a group project. Read the course outline for general guidelines. Good luck!
The project is closely related to Lectures 1-5 of the class.
Today is September 15, 2013 and you have just started your new job with a financial planning firm. In addition to studying for all your...

...grams. D) 95% of reduced fat cookies have between 3.4 and 5 grams of fat. E) 95% of the cookies in the sample had between 3.4 and 5 grams of fat. Determine the margin of error in estimating the population parameter. 12) How tall is your average statistics classmate? To determine this, you measure the height of a random sample of 15 of your 100 fellow students, finding a 95% confidence interval for the mean height of 67.25 to 69.75 inches. A) 1.5 inches B) 0.25 inches C) 1.06...

...1. A radio station that plays classical music has a “By Request” program each Saturday night. The percentage of requests for composers on a particular night are listed below:
Composers Percentage of Requests
Bach 5
Beethoven 26
Brahms 9
Dvorak 2
Mendelssohn 3
Mozart 21
Schubert 12
Schumann 7
Tchaikovsky 14
Wagner 1
a. Does the data listed above comprise a valid probability distribution?...

...1. Introduction
This report is about the case study of PAR, INC. From the following book: Statistics for Business an Economics, 8th edition by D.R. Anderson, D.J. Sweeney and Th.A. Williams, publisher: Dave Shaut. The case is described at page 416, chapter 10.
2. Problem statement
Par, Inc. has produced a new type of golf ball. The company wants to know if this new type of golf ball is comparable to the old ones. Therefore they did a test, which consists out of 40...

...
Final Project: Nyke Shoe Company
Barbara Greczyn
STA 201 - Principles of Statistics
Instructor Alok Dihtal
April 26, 2015
Introduction
Nyke Shoe Company has been in business for over 50 years. Over the last five years, the company has been undergoing some financial hardship due to an erratic market and an inability to understand what the consumer actually needs. In a last ditch effort to avoid bankruptcy, they have adopted a new business model...

...indicated to what kind of test was going to be used and since I claimed that the rural area were going to have a lower average number of beds it states that the shaded area on the critical value test will be less than zero.
Table 1. Descriptive statistics for the given null and alternative hypothesis that includes the sample, mean, median, standard deviation, maximum values, and minimum values.
Sample Size
Mean
Median
Standard Deviation
Maximum Value
Minimum Value
Rural Area...

...916441174
Range 3.5
Minimum 1.5
Maximum 5
Sum 206
Count 49
Confidence Level(95.0%) 0.196039006
In both the Charismatic and the punitive condition data sets there were 49 people surveyed. We know this because we were able to use descriptive statistics to show the count and that shows the number of people surveyed. The average or the mean of the charismatic condition is 4.20. The standard error is saying that 0.0975 % is the error that will normally occur if two...

...MM207 Statistics
Unit IV Mid Term Project
1. In the following situation identify the implied population.
A recent report on the weekly news presented the findings of a study on the effectiveness of Onglyza, along with diet and exercise, for treating diabetes.
According to Bennett (2009), a population is defined as “the complete set of people or things being studied” in a statistical study. Given that the information is in relation to finding the success of a...