Feb Drive 2011
MBA SEMESTER 1
MB0040 ± STATISTICS FOR MANAGEMENT- 4 Credits
(Book ID: B1129)
Assignment Set- 2 (60 Marks)
Note: Each question carries 10 Marks. Answer all the questions
1. What are the characteristics of a good measure of central tendency?[5 Marks](b) What are the uses of averages? [5 Marks]2. For each one of the following null hypothesis, determine if it is a left-tailed, aright-tailed, or a two-tailed test. [10 Marks}a.
__ b. P
0.5c. µ is at least 100.G.
-20e. p is exactly 0.223. What is test statistic? Why do we have to know the distribution of a teststatistic? [10 Marks]4. Suppose you are sampling from a population with mean µ= 1,065 andVWDQGDUG GHYLDWLRQ 1 = 500. The sample size is n=100. What are the expectedvalue and the variance of a sample mean ? [ 10 Marks]5. The time it takes an international telephone operator to place an overseasphone call is normally distributed with mean 45 seconds and standarddeviation 10 seconds. [10 Marks]a) What is the probability that my call will go through in less than 1 minute?b) What is the probability that I will get through in less than 40 seconds?6. The following data are the number of tons shipped weekly across the pacificby a shipping company. [10 marks]