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Statistics MB0024

Statistics MB0024

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Published by ttwahirwa

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Published by: ttwahirwa on Jul 13, 2009
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MB 0024(3 credits)Set 1Marks 60STATISTICS FOR MANAGEMENTNote: Each Question carries 10 marks
1. What do you mean by classification? What are the different types of classification? What arethe different methods of classification? What do you understand by tabulation? What are the basic differences between classification and tabulation?2. What do you understand by frequency and frequency distribution? What do you understand byclass-intervals? What do you understand by mid-value? Make a frequency distribution with 5classes from the following data:13 15 18 26 55 54 34 65 54 47 39 28 90 23 55 45 67 34 67 87 23 56 7680 92 83 82 45 67 87 77 66 34 43 563. What do you understand by the multiple bar diagram? Prepare a multiple bar diagram from thefollowing data:Year 1999 2000 2001 2002 2003 2004 2005Rice Yield (M-Ton) 199 201 300 250 352 325 366Wheat Yield (M-Ton) 225 300 250 230 190 201 3254. What are the objectives of a good average? What are the requisites of a good average? Whatare the properties of the arithmetic mean? Find the mean of the following data:
Salary Rs
7293818 72
5. What do you understand by probability? Describe
Random Experiment
Sample Space
Equally Likely Events
Mutually Exclusive Events
Exhaustive Set of Events6. What is Bernoulli distribution? What do you understand by the Binomial distribution? Whatare the assumptions under which the binomial distribution can be applied?

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