MBA-1 Sem Business Statistics(MBA-015) Question Bank of Unit-I

1.Define the meaning word statistics 2. What do mean by central tendency? 3. Define the data. 4. What is the formula for mean through short cut method for grouped series? 5. Define measure of dispersion. 6. What is correlation analysis? 7. What is range? Write the formula to find its coefficient. 8. What is regression analysis? 9. What is the use of business statistics in any organization. 10. What is standard deviation? 11. Find standard deviation for the following data: X : 5 10 15 20 25 30 35 F : 2 7 11 15 10 4 1 12 Compute the mean deviation from the mean and its coefficient for the scores of college students: Scores : 140-150 150-160 160-170 170-180 180-190 190-200 Freq : 4 6 10 18 9 3 13. The following data related to advertising expenditure and sales: Advertising expenditure(Rs.lakhs) : 1 2 3 4 Sales(Rs. lakhs) : 10 20 30 50 (a) Find out two regression equations. (b) Calculate coefficient of correlation. 5 40

14.Calculate median if mode 29, variance 100, coefficient of variation 50%. 15. Calculate Karl Pearson s coefficient of correlation from the following data: Age of husband(year) : 25 26 27 28 30 32 35 Age of wife (year) : 20 22 24 25 26 27 31 16. The coefficient of rank correlation of the marks obtained by 10 students in mathematics and statistics was found to be 0.91. It was later discovered that

the difference in ranks in the two subjects obtained by one of the students was wrongly taken as 0 instead of 3. Find the correct coefficient of rank correlation. 17. Define the skewness and its properties. 18. What do you mean by kurtosis? Explain. 19.Write the applications of inferential statistics in managerial decisionmaking. 20. Write an application of statistics.

FACULTY NAME: PREETI SHARMA DEPTT MBA