sTATISTICS FOR MANAGEMENT, Basic Statistics

Assignment Help:
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

Related Discussions:- sTATISTICS FOR MANAGEMENT

ACC 557, Glaser Services acquired 30% of the outstanding common stock of Ni...

Glaser Services acquired 30% of the outstanding common stock of Nickels Company on January 1, 2008, by paying $800,000 for the 45,000 shares. Nickels declared and paid $0.30 per sh

State the profit maximization problem of firm, Consider two firms producing...

Consider two firms producing an identical product in a market where the demand is described by p = 1; 200 - 2Y. The corresponding cost functions are c1 (y1) = y 2 1 and c2 (y2) =

Rehearsal methods, A teacher is interested in comparing the effects of 3 di...

A teacher is interested in comparing the effects of 3 different parts of rehearsal methods (Rote rehearsal, Imagery, and Story) on number of words recalled. Participants are random

Hitorigram, what is difference between histogram and historigram

what is difference between histogram and historigram

Correlation coefficient for X and Y, Calculate Correlation coefficient for ...

Calculate Correlation coefficient for X and Y, Statistics Homework • Variable X x • Variable Y y • Calculate: • z-scores for all values in the variables • correlation coefficien

Thermodynamics, Answers for calculate the amount of heat which must be adde...

Answers for calculate the amount of heat which must be added or removed to change the temperature of a gas

Assignment , assume that your group is incorporating a business organizatio...

assume that your group is incorporating a business organization. you are required to present a detailed structure, business environment and organizational structure of the entity.

Hom, (A) Find the binomial probability P(x = 5), where n = 15 and p = 0.50....

(A) Find the binomial probability P(x = 5), where n = 15 and p = 0.50. (B) Set up, without solving, the binomial probability P(x is at most 5) using probability notation. (C) H

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd