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Question Based On Data Set

This document contains instructions for an assignment involving analysis of multiple datasets and statistical testing. It includes 4 questions (A, B, C, D) involving studying lung capacity, car, stock price, and other simulated datasets. Students are asked to perform various statistical analyses like constructing tables, plotting histograms, testing independence and equality of variables, fitting distributions, and finding confidence intervals. They are instructed to show work, state assumptions, and not discuss answers with others. The deadline to submit the printed assignment is September 23rd, 2019 at 5pm.

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arpit
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Download as DOCX, PDF, TXT or read online on Scribd
32 views

Question Based On Data Set

This document contains instructions for an assignment involving analysis of multiple datasets and statistical testing. It includes 4 questions (A, B, C, D) involving studying lung capacity, car, stock price, and other simulated datasets. Students are asked to perform various statistical analyses like constructing tables, plotting histograms, testing independence and equality of variables, fitting distributions, and finding confidence intervals. They are instructed to show work, state assumptions, and not discuss answers with others. The deadline to submit the printed assignment is September 23rd, 2019 at 5pm.

Uploaded by

arpit
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Indian Institute of Management Nagpur

Postgraduate Programme in Management


Batch 2019-21
QM- I
Assignment

Submission Deadline: On 23rd September, 2019, 5 p.m.

Submit only printed hardcopy (Maximum 15 pages) of your solutions


Do not seek any clarifications. Show adequate reasoning, including calculations,
if any, in support of your answers. State any assumption you make (Your
assumptions need to be reasonable). You are free to consult any textbook or
journal article, but don’t discuss or copy from any other students.

QUESTION - A
1. Study the Lungcap data set and answer the following questions.

i) Construct a two-way table for gender and smoking habit.

ii) Given that one randomly selected person is a smoker, what is the
probability that the person is a female?
iii) Are gender and smoking habit independent?

2. Suppose it is given that 20% of the male smokers and 15% of the female
smokers were born caesarean. With the help of the data, verify the above
statements. Give enough reasons for your answers.
3. Plot the histogram of the distribution of Lungcap amongst smokers.
4. Plot the histogram of the distribution of Height amongst smokers.
5. Are height and Lungcap independent?
6. Are the variation of Lungcap of male smokers and female smokers equal?
7. Are the average of Lungcap of smokers and non-smokers equal?
8. Plot the histogram of the age amongst smokers.
9. What percentage of people below 16 years smoke?
10.What percentage of people above 17 years smoke?
11.Test if smoking habit and age are dependent.
12.Test if smoking habit and Lungcap are dependent.
13.Fit a suitable distribution to height and also to Lungcap. Test the
goodness of fit.
QUESTION – B

Study the car data set and answer the following questions.
1. Find the average and variance of price and mileage separately. Comment
on the results. How will you interpret the result statistically?
2. Test if the mean mileage of different car manufacturers within some price
range are equal. Clearly specify all the assumptions and the null and
alternative hypotheses.
3. Find a 90% confidence price range for the Chevrolet cars.
4. Find a 90% confidence for variance of prices for Pontiac cars.

QUESTION – C
1. Let Ý be the mean of a random sample of size n1from N ( μ , σ 2=10). Find n1
such that the probability of the random interval ( Ý −1/2, Ý +1/2) includes
μ is approximately 0.954.
2. Let Ź be the mean of a random sample of size n2 from N ( μ , σ 2=9 ) . Find n2
such that the probability of the random interval ( Ź−1 , Ź +1) includes μ is
approximately 0.90.
3. Draw 200 random samples each of size n1 (found above) from a normal
distribution with mean 5 and variance 3.
4. Write down the distribution of the sample mean. Test using the data
obtained in Q3 above, if the sample means follow that distribution.
5. Draw 200 random samples each of size n2 (found above) from a normal
distribution with mean 7 and variance 3.
Compute 95% confidence interval for the difference of means from each of the
200 samples. Draw a graph to show all 200 confidence intervals and comment

QUESTION – D
1. Collect stock prices for 5 companies from 1st Jan 2016 to 30th June 2016.
2. Plot the histogram of the returns for each company. Describe the
histograms.
3. Test whether the average returns for 5 companies are equal. State clearly
the assumptions required, null and alternative hypotheses.
4. Test whether the average returns for each pair of companies are equal.
5. Comment on the results.

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