IES’s Management College and Research Centre, Mumbai
(Final Examination)
Date: 12/10/2023 Day: Thursday Time: 2.30pm to 5.30pm Duration: 3 hrs.
Program: PGDM Term: I Course: Statistics for Analytics (SET-2) Max Marks: 60
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Instructions:
1) Read the Instructions carefully and Answer the Questions
2) Use Excel to perform all the Calculation
3) The Excel Sheet needs to be submitted to the Exam Department with the File Name as your Roll Number
(Example PG-23-XX.xlsx). Solutions to different Questions should be provided in different Worksheets within a single file.
4) Handwritten Answer Sheet to be submitted separately.
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Q. (Questions) (Marks)
No. COs
1 Answer any two of the questions from the following. 20 CO1
(A) A factory that manufactures nails wants to conduct an analysis on their products. A
summary table of a sample of 98 of the nails is displayed below.
i. Fins the mean length of the nails 02
ii. Find the Coefficient of Variation for the length of the nails 03
iii. Find Range 02
iv. Create a histogram using the following distribution table 03
Length Frequency
4.0 to 4.2 4
4.2 to 4.4 9
4.4 to 4.6 13
4.6 to 4.8 20
4.8 to 5.0 34
5.0 to 5.2 18
(B) Goals scored during target practice by different Football players is given as follows:
21,24,43,34,38,45,56,24,28,51
i. Calculate Skewness for the data 02
ii. Calculate Kurtosis for the data. 02
02
iii. Interpret the results received from sub question i & ii
02
iv. Discuss Skewness of a Normal Curve?
02
v. Discuss Kurtosis?
(C) A financial analyst collected data about sales of a particular product and the
distance travelled by salesmen to make those sales. This information is reflected in
the frequency table given below.
i. Explain the concept of Quartiles & Percentiles 02
ii. Calculate 3rd Quartile from the table below 02
iii. Calculate 78th Percentile from the table below 02
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iv. Calculate 26th Percentile from the table below 02
v. Interprete your results calculated in sub question ii, iii & iv 02
Mileage travelled Frequency
400 to 420 12
420 to 440 27
440 to 460 34
460 to 480 24
480 to 500 15
500 to 520 8
2. Answer any two questions from the following. 20 CO2
(A) CoCo S. A. is concerned at the time to react to customer complaints and has
implemented a new set of procedures for its support center staff. The customer
service director has directed that a suitable test is applied to a new sample to
assess whether the new target mean time for responding to customer complaints is
28 days.
20 33 33 29 24 30
40 33 20 39 32 37
32 50 36 31 38 29
15 33 27 29 43 33
31 35 19 39 22 21
28 22 26 42 30 17
32 34 39 39 32 38
i. Construct a point Estimate for the mean time to respond 02
ii. What are the model assumptions for part (a)? 02
iii. Construct a 95% confidence interval for the mean times 02
iv. Is there any evidence to suggest that the mean time to respond to 04
complaints is greater than 28 days?
(B) Given that a normal variable has a mean of 10 and a variance of 25, calculate the
probability that a member chosen at random is:
i. ≥11 , 02
ii. ≤11, 02
iii. ≤5, 02
iv. ≥ 5, 02
v. between 5 and 11 02
(C) Five people out of seven voted in an election. If four of those on the roll are
interviewed what is the probability that
a) None of them voted 02
b) Atleast 3 of them voted 02
c) All 4 of them voted 02
d) Atmost 2 voted 02
e) Atmost 1 voted 02
3. Answer any two Questions from the following. 20 CO3
(A) Bakers Ltd. Is currently undertaking a review of the delivery vans used to delivery
products to customers. The company runs two types of delivery van (type A –
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recently purchased and type B – atleast 3 years old) which are supposed to be
capable of achieving 20 km per litre of petrol. A new sample has now been
collected as follows: -
A B A B
17.68 15.8 26.42 34.8
18.72 36.1 25.22 16.8
26.49 6.3 13.52 15.0
26.64 12.3 14.01 28.9
9.31 15.5 33.9
22.38 40.1 27.1
20.23 20.4 16.8
28.8 3.7 23.6
17.57 13.6 29.7
9.13 35.1 28.2
20.98 33.3
(a) Assuming that the population distance travelled varies as a normal distribution
05
do we have any evidence to suggest that the two types of delivery vans differ in
their mean distance travelled?
(b) Based upon your analysis do we have any evidence that the new delivery vans
05
meet the mean average of 20km per liter?
(B) Fit an appropriate equation to the data set to predict examination mark given
assignment mark for 14 undergraduate students.
Assignment 69 42 43 40 100 80 100 90 77 47 68 50 45 41
Examination 77 66 65 65 80 71 78 75 70 60 67 61 59 58
(a) Plot a scatter plot and comment on a possible relationship between the 04
examination and assignment marks.
(b) Use Excel regression functions to undertake the following tasks:
i. Fit linear model 03
ii. Check model reliability (r and COD) 03
(C) It is known that 25% of workers in a factory own a personal computer.
i. Find the probability that atleast 36% of a random sample of 80 workers 03
will own a personal computer
ii. Find the probability that atleast 50% of a random sample of 80 workers 03
will own a personal computer
iii. Also construct a 95% confidence interval for the mean and interpret 04
your results
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