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    Time: 3 Hours Total Marks: 70: Printed Page 1 of 2 Sub Code:RMB104/RMT104

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    Nishant Tripathi
    This document contains an exam for a Business Statistics course consisting of 7 sections with multiple choice and long answer questions. Section A contains 7 short answer questions defining key statistical concepts like statistics, inferential statistics, least squares method, dispersion, linear regression, test statistic, and critical region of a test. Section B has 3 out of 5 long answer questions about averages, correlation and regression, index numbers, point and interval estimation, and hypothesis testing. Section C provides a probability distribution problem with two parts. Section D gives two hypothesis testing problems. Sections E and F each contain a problem about sampling distributions, confidence intervals, Poisson distribution, and correlation. The last section asks students to define probability and explain how it relates to decision making under

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    Time: 3 Hours Total Marks: 70: Printed Page 1 of 2 Sub Code:RMB104/RMT104

    Uploaded by

    Nishant Tripathi
    103 views2 pages
    This document contains an exam for a Business Statistics course consisting of 7 sections with multiple choice and long answer questions. Section A contains 7 short answer questions defining key statistical concepts like statistics, inferential statistics, least squares method, dispersion, linear regression, test statistic, and critical region of a test. Section B has 3 out of 5 long answer questions about averages, correlation and regression, index numbers, point and interval estimation, and hypothesis testing. Section C provides a probability distribution problem with two parts. Section D gives two hypothesis testing problems. Sections E and F each contain a problem about sampling distributions, confidence intervals, Poisson distribution, and correlation. The last section asks students to define probability and explain how it relates to decision making under

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    mba-1-sem-business-statistics-rmb104-2020

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    This document contains an exam for a Business Statistics course consisting of 7 sections with multiple choice and long answer questions. Section A contains 7 short answer questions defining key statistical concepts like statistics, inferential statistics, least squares method, dispersion, linear regression, test statistic, and critical region of a test. Section B has 3 out of 5 long answer questions about averages, correlation and regression, index numbers, point and interval estimation, and hypothesis testing. Section C provides a probability distribution problem with two parts. Section D gives two hypothesis testing problems. Sections E and F each contain a problem about sampling distributions, confidence intervals, Poisson distribution, and correlation. The last section asks students to define probability and explain how it relates to decision making under

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    103 views2 pages

    Time: 3 Hours Total Marks: 70: Printed Page 1 of 2 Sub Code:RMB104/RMT104

    Uploaded by

    Nishant Tripathi
    This document contains an exam for a Business Statistics course consisting of 7 sections with multiple choice and long answer questions. Section A contains 7 short answer questions defining key statistical concepts like statistics, inferential statistics, least squares method, dispersion, linear regression, test statistic, and critical region of a test. Section B has 3 out of 5 long answer questions about averages, correlation and regression, index numbers, point and interval estimation, and hypothesis testing. Section C provides a probability distribution problem with two parts. Section D gives two hypothesis testing problems. Sections E and F each contain a problem about sampling distributions, confidence intervals, Poisson distribution, and correlation. The last section asks students to define probability and explain how it relates to decision making under

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    Printed Page 1 of 2 Sub Code:RMB104/RMT104

    Paper Id: 270129 Roll No: 0 0 0 0 0 0 0 0 0 0 0 0 0

    MBA
    (SEM I) THEORY EXAMINATION 2019-20
    BUSINESS STATISTICS
    Time: 3 Hours Total Marks: 70
    Note: 1. Attempt all Sections. If require any missing data; then choose suitably.
    SECTION A

    1. Attempt all questions in brief. 2 x 7 = 14


    a. What is statistics?
    b. Define Inferential Statistics.
    c. What is Least Square method
    d. What do you mean by dispersion?
    e. What do you understand by linear regression?
    f. What is a Test Statistic?
    g. What do you mean by Critical Region of a test?
    SECTION B

    2. Attempt any three of the following: 7 x 3 = 21


    a. "Every average has its own peculiar characteristics. It is difficult to say which
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    average is the best." Explain with examples.


    b. “Correlation and Regression are two sides of the same coin”. Explain.
    c. Explain the uses of index numbers. What problems are involved in the
    construction of index numbers?
    d. Distinguish between the point estimation and interval estimation. Explain how
    an interval estimate is better than a point estimate.
    e. What is a Hypothesis? Explain how Hypothesis Testing is useful to
    management?
    SECTION C
    3. Attempt any one part of the following: 7x1=7
    (a) Assuming the probability of male birth as ½, find the probability distribution of
    number of boys out of 5 births.
    (a) Find the probability that a family of 5 children have
    (i) at least one boy
    (ii) at most 3 boys
    (b) Out of 960 families with 5 children each find the expected number of
    families with
    (i) and
    (ii) above
    (b) What are the different components of statistics? How is statistics used in
    everyday life? Explain with suitable examples.
    4. Attempt any one part of the following: 7x1=7
    (a) SBI claims that more than 55% of the saving accounts in Haryana are at SBI. A
    sample survey of 400 account holders revealed that only 180 account holders
    have account at SBI. Verify, using 5% level of significance, if the sample
    results underestimate the claim of SBI.
    (b) What effect does seasonal variability have on a time-series? What is the basis
    for this variability for an economic time-series?

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    5. Attempt any one part of the following: 7x1=7


    (a) What is a sampling distribution, and what are the uses of sampling
    distributions?
    (b) The average monthly electricity consumption for a sample of 100 families is
    1250 units. Assuming the standard deviation of electric consumption of all
    families is 150 units, construct a 95 per cent confidence interval estimate of the
    actual mean electric consumption.

    6. Attempt any one part of the following: 7x1=7


    (a) List some of the important areas where Poisson distribution is used. Also state
    the important properties of a Poisson distribution.
    (b) ABC Tool Company makes Laser XR; a special engine used in speedboats. The
    company’s engineers believe that the engine delivers an average power of 220
    horsepower, and that the standard deviation of power delivered is 15
    horsepower. A potential buyer intends to sample 100 engines (each engine to
    be run a single time). What is the probability that the sample mean X will be
    less than 217 horsepower?
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    7. Attempt any one part of the following: 7x1=7


    (a) Explain what you understand by the term ‘probability’. How the concept of
    probability is is relevant to decision making under uncertainty?
    (b) The data on price and quantity purchased relating to a commodity for 5 months
    is given below:
    Month : January February March April May
    Prices(Rs): 10 10 11 12 12
    Quantity(Kg): 5 6 4 3 3
    Find the Karl Pearson's Coefficient of Correlation between prices and quantity
    and comment on its sign and magnitude.

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