[This question paper contains 6 printed pages]

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Sr. No. of Question paper : To be filled by Examination Branch

Unique Paper Code :

Name of the Paper : Business Statistics

Type of the Paper : DSC

Semester : III

Programme : B.com (H)

Duration: 3 Hrs. Maximum Marks: 90

Instruction for Candidates:

1. Write your Roll No. on the top immediately on receipt of this question paper.
2. Attempt all questions.
3. All parts of a question to be attempted together.
4. All questions carry equal marks.
5. Use of simple calculator is allowed.

Page 1 of 6
Q1
(a) The mean marks of the 100 students were found to be 50. Later on, it was discovered
that two student’s marks were misread as 65 and 75 instead of 56 and 57. Find the
correct mean corresponding to the correct score.
(b) The first four central moments of a distribution are 0, 16, -36, and 120 respectively.
Comment upon the Skewness and Kurtosis of the distribution.
(c) For a symmetric distribution consisting 100 items, the Standard Deviation is 70. Find
its quartile deviation (Q.D.) and mean deviation (M.D.)
(d) The following equation has been derived for the production of steel:
Yc = 8.40+ 1.75 X
(Origin: 2007; X Unit: 1 year; Y unit: Tonnes per year)
Rewrite the equation by shifting the origin to 2015
(e) The covariance between the height and weight of ten items is found to be 8 and their
standard deviations are 2.80 and 3.10 respectively. Find the coefficient of correlation
between height and weight.
(f) Why Fisher’s index is called ‘ideal’ index?
(6x3= 18 Marks)

OR
(a) A problem in statistics was given to three students A, B and C whose chances of
solving it are 1/2, 1/3, and 1/4 respectively.
(i) What is the probability that problem will not be solved?
(ii) What is the probability that problem will be solved?
(iii) What is the probability that only one of them will be able to solve the problem
correctly? 9 Marks

(b) An incomplete distribution is given below:

Class 0-10 10-20 20-30 30-40 40-50 50-60 Total

Interval
Frequency 10 ? 25 30 ? 10 100

Find out the missing frequencies if the median of the data is 32. 9 Marks

Q2
(a) Following are the data related to two companies A and B:
Company A B
Number of workers 200 400
Average Salary of workers 3200 3500
Variance of salary of workers 1024 1156

Page 2 of 6
 Compute the following:
(i) Which firm pays larger pay package?
(ii) Which firm shows greater variability in salary distribution?
(iii) Compute the combined average salary of all the 600 workers of both the firms
taken together.
9 Marks

(b) A bag contains 5 white, 7 Red and 8 black balls. If 4 balls are drawn one by one with
replacement, the find the following:
(i) Probability that none is black?
(ii) Probability that all are black?
(iii) Probability of only 2 balls drawn are black? 9 Marks
OR
(a) In a bolt factory, machine A, B and C manufacture 25%, 35% and 40% of the total
output respectively. Of their output, respectively, 4%, 5% and 7% are known to be
defective. A bolt is picked at random and is found to be defective. Find the probability
that:
(i) It is produced by machine B
(ii) It is produced by machine C
(iii) It is produced by machine B or C 9 Marks

(b) If 5% of the students appearing in an examination fail, using Poisson distribution find
the probability that out of 200 students appearing in the examination:
(i) None has failed,
(ii) 5 students failed. 5 Marks

(c) State the addition and multiplication rules of probability. 4 Marks

Q3
(a) The lifetime of certain kind of battery has a mean life of 800 hours and standard
deviation as 90 hours. Assuming the distribution of lifetime to be normal, find:
(i) The percentage of batteries with a lifetime of at least 900 hours
(ii) The proportion of batteries with a lifetime between 750 to 850 hours.
9 Marks

(b) An enquiry into the budgets of the middle-class family in a certain city gave the
following information:
Items Food Fuel Clothing Rent Miscellaneous
% expenditure 30% 15% 20% 10% 25%
Price in 2010 (₹) 1400 270 720 300 400
Price in 2020 (₹) 1450 290 780 320 430

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 From the above information construct a cost-of-living index of 2020 compared to that
of 2010. Suppose Mr. Varun is earning ₹ 25,000 salary in the year 2010. What should
be his salary in 2020 to maintain the same standard of living as in 2010.
9 Marks
OR
(a) During a survey of Road safety, it was found that 70% of the accidents occur at night,
60% are alcohol related and 38% are alcohol related as well as occur at night.
(i) What is the probability that an accident was alcohol related given that it
occurred at night?
(ii) What is the probability that an accident did not occur at night, given that it was
alcohol related? 9 Marks

(b) Following table gives the details of price and consumption related to five
commodities:
Commodity Base year Current Year
Price Quantity Expenditure Quantity
A 8 80 792 88
B 4 200 1150 230
C 6 120 980 140
D 10 60 840 70
E 7 80 810 90

Calculate price index number from above data using:

(i) Laspeyres’s method
(ii) Paasche’s Method, and
(iii) Fisher’s method. 9 Marks
Q4
(a) Following data relate to the marks obtained by 10 students of a class in statistics and
accountancy:

Marks in 30 36 27 26 27 22 31 32 28 34
Statistics
Marks in 28 26 21 28 20 29 17 22 27 25
Accountancy

You are required to calculate spearman’s rank correlation coefficient.

9 Marks

(b) The following data are given regarding expenditure on advertising and sales of a
particular firm:
Advertisement Expenditure Sales (Y)
(X)
Page 4 of 6
 Mean 20 180
Standard Deviation 6 24
Correlation coefficient 0.8

You are required to calculate the following:

(i) The two regression equations
(ii) Estimate the advertisement expenditure required to attain a sales target of ₹ 140
Lacs.
9 Marks
OR

(a) In an end semester examination following marks were obtained by ten students of a
particular class in mathematics and statistics:
Marks in 25 28 35 32 31 36 29 38 34 32
Mathematics
Marks in 43 46 49 41 36 32 31 30 33 39
Statistics

You are required to find out:

(i) Two regression equations
(ii) The coefficient of correlation between the marks in mathematics and statistics
(iii) The most likely marks of student in statistics if marks in mathematics is 40
(iv) Calculate standard error of estimate for regression equation Y on X (SEYX).
14 Marks
(b) Differentiate between correlation and regression analysis.
4 Marks
Q5
(a) Following data relates to the production of a sugar factory:

Year 2014 2015 2016 2017 2018 2019 2020

Production 35 36 40 38 42 44 45
(‘000 tonnes)

You are required to:

(i) Fit a straight-line trend using method of least square
(ii) What is average monthly increase in production?
(iii) Estimate the production in year 2023. 10 Marks

(b) Define additive and multiplicative models of time series analysis. 4 Marks

(c) State the properties of Karl Pearson’s coefficient of correlation. 4 Marks

Page 5 of 6
 OR
(a) Following are the sales data of a company for the period 2014-2020:

Year 2014 2015 2016 2017 2018 2019 2020

Sales 42 42 60 42 124 136 182
(in lakhs ₹)

You are required to:

(i) Fit a parabolic trend
(ii) Forecast the sale for 2022 10 Marks

(b)What are the components of time series analysis?

4 Marks
(c) If standard deviation of X and Y are 4 and 3 respectively, and coefficient of correlation
between X and Y is 0.8, find the two regression coefficients.
4 Marks

Page 6 of 6