MMS/D06 BUSINESS STATISTICS Paper: CP-102 Time: Three hours] [Maximum marks:70

Note: Q.No.1 is compulsory. Attempt any four questions from the remaining seven questions. 1. Answer all the parts up to five lines. (a) Distinguish between central value and dispersion (b) Meaning of Central limit theorem. (c) Statement of Bayes Theorem (d) Difference between parametric and Non-parametric tests (e) Quality control (f) Splicing (g) Distinguish between point and interval estimation.

2. (a) Explain with examples the rules and addition and multiplication in the theory of probability. (b) I the probability of an individual suffers from reaction of a given medicine is 0.001, determine the probability that out of 2000 individuals more than two individuals will suffer from reaction. (Given e -2 = 0.1353). 3. Distinguish between population and sample. Discuss the relative merits and demerits of census and sampling methods. 4. (a) wholesaler in apples claims that 4% of the apples supplied by him are defective. A random sample of 600 apples contained 36 defective apples. Test the claim of the wholesaler at 5% level of significance. (b) A car model was put to test course for observing kilometers run per litre of petrol. The data recorded were: 20, 18, 20, 21, 15, 17, 14, 16, 22, 23. Use the sign test to test the companys claim that the new car on an average runs 20km per litre of petrol. 5. What is the utility of time series analysis? Explain briefly its compontents.

6. The regression equation of profits (X) on sales (Y) of a certain firm is 6y 10x + 210 = 0. The average sales of the firm were Rs.88,000 and the variance of profit is 16/25th of the variance of sales. Find the average profits and coefficient of variation (r)between sales and profits. 7. An inspection of 10 samples of size 400 each from 10 lots revealed the following number of defectives: 17, 15, 14, 26, 9, 4, 19, 12, 9, 15. Calculate control limits for the number of defective units. Plot on the graph the state weather the process is under control or not. 8. Write short notes on the following:(a) Sampling and non-sampling error (b) Large and small sample tests.