Gujarat Technological University

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

MBA– SEMESTER -I–EXAMINATION – WINTER 2021
Subject Code: 1519504 Date: 16-03-2022
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.1 (a) Give definition of following terms: 14

1. Interquartile range
2. Coefficient of variation
3. Parametric test
4. Nonparametric test
5. Probability
6. Uniform distribution
7. Quartile
Q.2 (a) Compute Mean and Median of following data. 07

Class f
0–2 31
2– 4 26
4– 6 12
6–8 11
8–10 14
10–12 7
12-.14 9
(b) The following data represent the number of passengers per flight in a sample of 50 07
flights from Ahmedabad to Bombay. 23, 46, 66, 67, 13, 58, 19, 17, 65, 17, 25, 20, 47,
28, 16, 38, 44, 29, 48, 29, 69, 34, 35, 60, 37, 52, 80, 59, 51, 33, 48, 46, 23, 38, 52, 50,
17, 57, 41, 77, 45, 47, 49, 19, 32, 64, 27, 61, 70, and 19.
i) Construct a stem-and-leaf plot for these data. What does the stem-and-leaf
plot tell you about the number of passengers per flight?
ii) Construct a dot plot for these data.
OR
(b) Explain various types of variables with proper examples. 07
Q.3 (a) Compute Q1, Q2, Q3, and IQR for the following data. 07
67 78 91 100 104 107 111 112 116 118
119 119 122 123 132 138 139 143 143 145
162 170 172 211
1
(b) A study by AB Research Associates for the NSE revealed that 43% of all 07
Indian adults are stockholders. In addition, the study determined that 75% of
all Indian adult stockholders have some college education. Suppose 37% of all
Indian adults have some college education. An Indian adult is randomly
selected.
a. What is the probability that the adult has neither some college education nor
owns stock?
b. What is the probability that the adult does not own stock or has no college
education?
c. What is the probability that the adult has some college education and owns
no stock?
OR
Q.3 (a) An increasing number of old age people believe they have to look out for 07
themselves. According to a survey conducted by the XYZ limited for VC
WEEKEND magazine, 60% of all senior citizens have called an 14567-
telephone number for either information or complain. Suppose a random
sample of 25 senior citizens are contacted and interviewed about their
experience.
a. What is the probability that 15 or more of these senior citizens have called
an 14567-telephone number for information or complain?
b. What is the probability that more than 20 of these senior citizens have
contacted 14567 telephone number for information or complain?
(b) The average number of annual trips per family to amusement parks in Gujarat 07
is 0.6 (mean value) trips per year. What is the probability of randomly
selecting an Gujarat family and finding the following?
a. The family did not make a trip to an amusement park last year.
b. The family took exactly one trip to an amusement park last year.
c. The family took two or more trips to amusement parks last year.
Q.4 (a) The National Safety Council released the following data on the incidence rates for 07
fatal or lost-worktime injuries per 100 employees for several industries in three
recent years. Calculate the correlation between year 1 and year 2.
Industry Year 1 Year 2
Textile 0.46 0.48
Chemical 0.52 0.62
Communication 0.90 0.72
Machinery 1.50 1.74
Services 2.89 2.03
Metals 1.80 1.92
Food 3.29 3.18
Government 5.73 4.43
2
(b) Executives of a video rental chain want to predict the success of a potential new 07
store. The company’s researcher begins by gathering information on number of
rentals and average family income from several of the chain’s present outlets.
Develop a regression model to predict the number of rentals per day by the average
family income. Comment on the output.
Rentals Average Family Income (Rs. 1000)
710 65
529 43
314 29
504 47
619 52
428 50
317 46
205 29
468 31
545 43
607 49
694 64
OR
Q.4 (a) According to a study several years ago by the Personal Communications 07
Industry Association, the average wireless phone user earns $62,600 per year.
Suppose a researcher believes that the average annual earnings of a wireless
phone user are lower now, and he sets up a study in an attempt to prove his
theory. He randomly samples 18 wireless phone users and finds out that the
average annual salary for this sample is $58,974, with a population standard
deviation of $7810. Use = .01 to test the researcher’s theory.
(b) What is hypothesis? Explain hypothesis process in detail with examples. 07
Q.5 (a) Use the following contingency table and the chi-square test of independence to 14
determine whether social class is independent of number of children in a family. Let
a = .05.
Social Class
Number of
Lower Middle Upper
Children
0 7 18 6
1 9 38 23
2 or 3 34 97 58
More than 3 47 31 30
OR
Q.5 (a) Write short note on Factor analysis. 07
(b) Explain difference between univariate and bivariate test. 07
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Seat No.: ________ Enrolment No.

GUJARAT TECHNOLOGICAL UNIVERSITY

Q.1 (a) Give definition of following terms: 14

Q.2 (a) Compute Mean and Median of following data. 07

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