Gujarat Technological University

Seat No.: ________ Enrolment No.
___________
GUJARAT TECHNOLOGICAL UNIVERSITY

MBA – SEMESTER - I – EXAMINATION – WINTER 2021
Subject Code:4519207 Date: 22/03/2022
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. No. Marks
Q.1 Write about following terms 14
(a) Interquartile range
(b) Type I & Type II
(c) coefficient of variation
(d) Bayes’ rule
(e) Mann-Whitney U test
(f) Friedman’s test
(g) Ordinal Data
Q.2 (a) Write a note on statistical charts and graphs 07

(b) According to a report by Scarborough research, the avg. monthly household cellular 07
phone bill is $60. suppose local monthly household cell phone bills are normally
distributed with a standard deviation of $11.35.
a. what is the probability that randomly selected monthly cell phone bill is more than
$85?
b. what is the probability that randomly selected monthly cell phone bill is between
$45 and $70?
c. what is the probability that randomly selected monthly cell phone bill is between
$65 and $75?
d. what is the probability that randomly selected monthly cell phone bill is no more
than $40?
OR
(b) A public interest group was planning to make a court challenge to auto insurance 07
rates in one of three cities: Atlanta, Baltimore and Cleveland. The probability that it
would choose Atlanta was 0.40, Baltimore ,0.35, and Cleveland, 0.25. The group
also knew that it had a 60 percent chance of favorable ruling if it chose Baltimore,
45 percent if it chose Atlanta and 35 percent if it chose Cleveland. If the group did
receive a favorable ruling, which city did it most likely choose?
Q.3 (a) Write a note on types of variables 07

(b) A company’s auditor believes the per diem cost in Nashville, Tennessee, rose 07
significantly between 1996 and 2006. To test this belief, The auditor samples 51
business trips from the company’s records for 1996, the sample average was $190
per day with a population standard deviation of $18.50. the auditor selects a second
random sample of 47 business trips from company’s records for 2006, the sample
average was $198 per day, with a population standard deviation of $15.60. if he uses
a level of significance 0.01. does the auditor find that the per diem average expense
in Nashville has gone up significantly?
Page 1 of 3
OR
Q.3 (a) For following data find mean, median and mode and identify Best measure of 07
central tendency
class frequency
10-20 15
20-30 62
30-40 54
40-50 9
50-60 10
Total 150
(b) In an attempt to determine why customer service is important to managers in the 07

United Kingdom, Researchers surveyed managing directors of manufacturing
plants in Scotland. one of the reasons proposed was that customer service is a
means of retaining customers. On a scale from 1 to 5 , with 1 being low and 5
being high the survey respondents rated this reason more highly than any of the
others, With a mean response of 4.3. suppose U.S. researchers believe American
manufacturing mangers would not rate this reason as highly and conduct a
hypothesis test to prove their theory. Alpha is set 0.05. Data are gathered, and the
following results are obtained. Use these data and the eight steps of steps of
hypothesis testing to determine whether U.S. managers rate this reason
significantly lower than the 4.3 mean ascertained in the United Kingdom. Assume
from previous studies that the population standard deviation is 0.574
3 4 5 5 4 5 5 4 4 4 4 4 4 4 4 5 4 4 4 3 4 44 3 5 4 4 5 4 4 4 5
Q.4 (a) Find following probabilities 07
A D E F G
B 3 9 7 12
C 8 4 6 4
D 10 5 3 7
1. P(FA)
2. P(A/B)
3. P(B)
4. P(EF)
5. P(D/B)
6. P(B/D)
7. P(F)
(b) Find variance and standard deviation for following data 07
2618, 2118, 2027, 1535, 312, 281
OR
Q.4 (a) Write a note on multidimensional scaling 07
(b) Write a note on difference between parametric and non-parametric data 07
Page 2 of 3
Q.5
A well-known chemical company is concern about money spent on research and
development and the firm’s annual profit. Following table represents the
information for last 6 years.
year $ million spent on Annual profit in $

research millions
2013 5 31
2014 11 40
2015 4 30
2016 5 34
2017 3 25
2018 2 20
(a) Identify independent and dependent variables and prepare scatter diagram. 07
(b) Fit regression equation line 07
OR
Q.5 (a) Find standard error of estimate and find estimate value for Annual profit if 07
planning to spend money behind research in next three years are 9,7,6 respectively
(b) Find correlation value and interpret it. 07
*************
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Seat No.: ________ Enrolment No.

GUJARAT TECHNOLOGICAL UNIVERSITY

Q.2 (a) Write a note on statistical charts and graphs 07

Q.3 (a) Write a note on types of variables 07

(b) In an attempt to determine why customer service is important to managers in the 07

year $ million spent on Annual profit in $

(b) Fit regression equation line 07

(b) Find correlation value and interpret it. 07

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