sTATISTICS FOR MANAGEMENT, Basic Statistics

1. Mention the characteristics of Statistics. Explain any two applications of Statistics.
2. Distinguish between primary and secondary data. What are the methods of collecting primary data?
3. Find Karl Pearson’s correlation coefficient between the sales and expenses from the data given below:
Sales
(Rs. Lakhs)
50
50
55
60
65
65
65
60
60
50
Expenses (Rs. Lakhs)
11
13
14
16
16
15
15
14
13
13
4. The incidence of occupational disease in an industry is such that the workers have a 20% chance of suffering from it. What is the probability that out of six workers 4 or more will contract the disease?
5. Use chi-square test to test if the two attributes (Performance and Training) in the following table are independent. Test at 5% level of significance.
Performance
Training
Intensive
Good
Average
Total
Above Average
100
150
40
290
Average
100
100
100
300
Poor
50
80
150
280
Total
250
330
290
870
Fall 2012
6. Construct index numbers of price for the following data by applying:
i) Laspeyre’s method
ii) Paasche’s method
iii) Fisher’s Ideal Index number
Commodity
Base year
Current year
Price
Quantity
Price
Quantity
A
2
8
4
6
B
5
10
6
5
C
4
14
5
10
D
2
19
2
13
Posted Date: 1/2/2013 12:33:37 AM | Location : USA







Related Discussions:- sTATISTICS FOR MANAGEMENT, Assignment Help, Ask Question on sTATISTICS FOR MANAGEMENT, Get Answer, Expert's Help, sTATISTICS FOR MANAGEMENT Discussions

Write discussion on sTATISTICS FOR MANAGEMENT
Your posts are moderated
Related Questions
a survey of grocery revealed 40 percent had a pharmacy, 50 percent had a floral shop, and70 percent had a deli. suppose 10 percent of the stores have all three departments, 30 perc

'Statistics is the backbone of decision-making'. Comment.

Arnold Palmer and Tiger Woods are two of the best golfers ever to play the game. To show how these two golfers would compare if both were playing at the top of their game, the foll

SkyyMarley Airlines has determined that the price elasticity of demand for two customer segments (Coach and Business Class) is -1.35 and -2.50.  Based on their expectations of prof

The correlation coefficient can take values from -1 to 1. If the correlation coefficient lies in the range (-1,0) then we say that the correlation is negative, on the other hand if


how cost classification can helpful for planning, controlling and decision making

An employer provides taxable fringe benefits of $11,000 (GST inclusive) for his employees during the relevant period, all being for creditable purposes and input tax credits of

Ask question #Minimum 1when all factors are taken into account, an insurance company estimates that the probability of my father making a claim for damages to his pontoon boat for

marginal costing and its break-event analysis