Indian Institute of Technology Roorkee Department of Management Studies End Term Examinations Term 2, 2021 Data Analysis For Managers BMN514

Indian Institute of Technology Roorkee
Department of Management Studies

End Term Examinations Term 2, 2021
Data Analysis for Managers BMN514
Time 2 Hours MM 50
Note : (1) All questions are compulsory.
(2) Wherever necessary, use Excel to find answers. Paste screenshots of Excel in main
answer sheet.
(3) Use given links to get values from standard tables.
1. The following data lists the average salary in thousand rupees offered to nine students
during placement interviews.
96, 180, 98, 75, 270, 80, 102, 100, 94
Find the range.
Find standard deviation and variance. (1+1+1)
2. These data represents the ages of patients admitted to a small hospital.

85, 75, 66, 43, 40, 88, 80, 56, 56, 67, 89, 83, 65, 53, 75, 87, 83, 52, 44, 48
(a) Construct a frequency distribution with classes 40-49, 50-59, etc.

(b) Compute the sample mean from the frequency distribution.
(c) Compute the sample mean from the raw data.
(d) Compare parts (b) and (c) and comment on your answer. (1+1+1+2)
3. A company has shown the following percentage increase in net worth over the last 5 years:
2016 2017 2018 2019 2020

5% 10.5% 9.0% 6.0% 7.5%
What is the average percentage increase in net worth over the 5 year period? (3)
4. What are the advantages of using an interval estimate over a point estimate? (2)
5. The posted speed limit on the NH is 55 mph. Congestion results in much slower actual
speeds. A random sample of 57 vehicles clocked speeds with an average of 23.2 mph and a
standard deviation of0.3 mph.
(a) Estimate the standard deviation of the population.
(b) Estimate the standard error of the mean for this population.
(c) What are the upper and lower limits of the confidence interval for the mean speed given
a desired confidence level of 0.95? (5)
6. Seven homemakers were randomly sampled and it was determined that the distances they
walked in their housework had an average of 39.2 miles per week and a sample standard
deviation of 3.2 miles per week. Construct a 95% confidence interval for the population
mean. (3)
7. The PDA has developed quite a business in Mumbai by delivering pizza orders promptly. PDA
guarantees that its pizzas will be delivered in 30 minutes or less from the time the order was
placed, and if the delivery is late, the pizza is free. The time that it takes to deliver each pizza
order that is on time is recorded in the official Pizza time Book (OPTB), and the delivery time
for those pizzas that are delivered late is recorded as 30 minutes in the OPTB. Twelve
random entries from the OPTB are listed.
15.3 29.5 30.0 10.1 30.0 19.6 10.8 12.2 14.8 30.0 22.1
18.3
(a) Find the mean for the sample.
(b) From what population was this sample drawn?
(c) Can this sample be used to estimate the average time that it takes for PDA to deliver a
pizza? Explain. (4)
8. A wholesaler of a consumer electronics company supplies audio systems to retailers in

different zones in a state. He knows that out of 20 audio systems supplied, 5 have slight
voice cracking problems. One retailer tests 4 randomly selected audio systems thoroughly.
Compute the probabilities of finding:
(a) No defective audio system.
(b) Exactly two defective audio systems.
(c) Two or fewer defective audio systems
(d) Two or more defective audio systems (6)
9. A manufacturing firm has 30 machines. The probability that any one of them will not
function during a day is 0.01. What is the probability that exactly two machines will be out of
order on the same day? (4)
10. A placement company has conducted a written test to recruit people in a software company.
Assume that the test marks are normally distributed with mean 120 and standard deviation
50. Calculate the following:
(a) Probability of randomly obtaining scores greater than 200 in the test.
(b) Probability of randomly obtaining a score that is 180 or less.
(c) Probability of randomly obtaining a score less than 80. (6)
11. State the difference between discrete probability distribution and continuous probability
distribution. (4)
12. You have just bought a new Xerox machine at a cost of $3000. You now, have the option of
buying an extended service warranty offering 5 years of coverage for $100. After talking to
some experts, you believe the following maintenance expenses could be incurred during the
next five years:
Expenses 0 50 100 150 200 250 300
Probability 0.35 0.25 0.15 0.10 0.08 0.05 0.02
Find the expected value of the anticipated maintenance costs. Should you pay $100 for the
warranty? (5)

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Indian Institute of Technology Roorkee

Department of Management Studies

(3) Use given links to get values from standard tables.

2. These data represents the ages of patients admitted to a small hospital.

(a) Construct a frequency distribution with classes 40-49, 50-59, etc.

2016 2017 2018 2019 2020

8. A wholesaler of a consumer electronics company supplies audio systems to retailers in

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