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    Gujarat Technological University

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    Aniket Patel
    This document is the exam for a Business Statistics course taken by an MBA student. It contains 5 questions assessing students' knowledge of topics like kurtosis, probability, standard normal distribution, time series components, decision making criteria, and correlation. Students are asked to define terms, calculate values like skewness and index numbers, analyze decision scenarios, and make predictions based on regression and correlation analyses.

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    Gujarat Technological University

    Uploaded by

    Aniket Patel
    47 views3 pages
    This document is the exam for a Business Statistics course taken by an MBA student. It contains 5 questions assessing students' knowledge of topics like kurtosis, probability, standard normal distribution, time series components, decision making criteria, and correlation. Students are asked to define terms, calculate values like skewness and index numbers, analyze decision scenarios, and make predictions based on regression and correlation analyses.

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    3519906

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    This document is the exam for a Business Statistics course taken by an MBA student. It contains 5 questions assessing students' knowledge of topics like kurtosis, probability, standard normal distribution, time series components, decision making criteria, and correlation. Students are asked to define terms, calculate values like skewness and index numbers, analyze decision scenarios, and make predictions based on regression and correlation analyses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    47 views3 pages

    Gujarat Technological University

    Uploaded by

    Aniket Patel
    This document is the exam for a Business Statistics course taken by an MBA student. It contains 5 questions assessing students' knowledge of topics like kurtosis, probability, standard normal distribution, time series components, decision making criteria, and correlation. Students are asked to define terms, calculate values like skewness and index numbers, analyze decision scenarios, and make predictions based on regression and correlation analyses.

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    © All Rights Reserved
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    of 3

    Seat No.: ________ Enrolment No.

    ___________

    GUJARAT TECHNOLOGICAL UNIVERSITY


    MBA (PART TIME) SEMESTER 01 - EXAMINATION – SUMMER-2018

    Subject Code: 3519906 Date:04/05/2018


    Subject Name: Business Statistics
    Time: 10:30 AM To 01:30 PM Total Marks: 70
    Instructions:
    1. Attempt all questions.
    2. Make suitable assumptions wherever necessary.
    3. Figures to the right indicate full marks.

    Q.1 Explain in short 14


    (a) Define Kurtosis.
    (b) State addition & multiplication rule of probability for two events A & B.
    (c) What is Standard Normal Distribution?
    (d) What is discrete and continuous variable?
    (e) What is auto-correlation?
    (f) What are the components of a time series?
    (g) What is Hurwicz Criteria in decision making?

    Q.2 (a) Enlist different types of charts and graphs to display 07


    1) Qualitative data
    2) Quantitative data

    (b) Calculate Karl Pearson’s coefficient of skewness from the data given below: 07
    Hourly No. of Hourly No. of
    Wages Worker Wages Worker
    (Rs.) s (Rs.) s
    40-50 5 90-100 30
    50-60 6 100-110 36
    60-70 8 110-120 50
    70-80 10 120-130 60
    80-90 25 130-140 70

    OR
    (b) Find the mean, Median and Mode of the following data 07
    Frequenc
    Class y
    300-325 5
    325-350 17
    350-375 80
    375-400 227
    400-425 326
    425-450 248
    450-475 88
    475-500 9

    Page 1 of 3
    Q.3 (a) Suppose that a decision maker is faced with three decision alternatives and 07
    four states of nature. The following table shows the profit payoff.
    States of nature
    Alternatives
    S1 S2 S3 S4
    A1 16 10 12 7
    A2 13 12 9 9
    A3 11 14 15 14

    Assuming that he does not have any knowledge of the of the probabilities of
    occurrence of the states of nature, find the decisions to be recommended
    under each of the following criteria
    1) Maximin
    2) Maximax
    3) Minimax Regret

    (b) The probability of a bomb hitting a target is 0.2. Two bombs are enough to 07
    destroy a bridge. If six bombs are aimed at the bridge, find the probability
    that the bridge is destroyed.
    OR
    Q.3 (a) A maker of soft drinks is considering the introduction of new brand. He 07
    expects to sell 50,000 to 1,00,000 bottles of the new soft drink in a given
    period according to the following probability distribution.

    No. of bottles sold (in '000s) 50 60 70 80 90 100


    Probability 0.13 0.20 0.35 0.22 0.08 0.02

    If the product is launched he will have to incur a fixed cost of Rs. 48,000.
    However each bottle sold would give him a profit of Rs. 1.25. Should he
    introduce the brand?

    (b) A manufacturer, who produces medicine bottles, finds that 0.1% of the 07
    bottles are defectives. Bottles are packed in boxes containing 500 bottles. A
    drug manufacturer buys 100 boxes from the producers of bottles. Using
    Poisson distribution, find how many boxes will contain
    1) No defectives.
    2) At least 2 defectives.
    Q.4 (a) Explain different types of correlations with the help of scatter diagrams. 07

    (b) From the following data calculate price index numbers for 2010 with 2000 as 07
    base year by 1) Paasche’s Method and 2) Marshall-Edgeworth method.

    2000 2010
    Commodities
    Price Quantity Price Quantity
    A 20 8 40 6
    B 50 10 60 5
    C 40 15 50 15
    D 20 20 20 25

    OR
    Q.4 (a) Explain the assumptions of simple linear regression model 07

    Page 2 of 3
    (b) Calculate (i) three yearly & (ii) five yearly moving averages for the following 07
    data:
    Year y
    1990 242
    1991 250
    1992 252
    1993 249
    1994 253
    1995 255
    1996 251
    1997 257
    1998 260
    1999 265
    2000 262
    Q.5 A departmental store gives in-service training to its salesmen which is
    followed by a test. It is considering whether it should terminate the services
    of any salesman who does not do well in the test.

    The following data shows the test scores and sales made by nine salesmen
    during a certain period:

    Test Scores 14 19 24 21 26 22 15 20 19
    Sales ('000 Rs.) 31 36 48 37 50 45 33 41 39

    a) Calculate the coefficient of correlation between the test scores and the 7
    sales.
    7
    b) Estimate the most probable sales volume of a salesman making a score of
    28.

    OR 7

    c) If the firm wants a minimum sales volume of Rs. 30,000, what is the
    minimum test score that will ensure continuation of service? 7

    d) Estimate what will be the score if a salesman has achieved a sales of Rs.
    55,000.

    *************

    Page 3 of 3

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