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# QMB Assignment

IIM – RANCHI
PGEXP-2012-14 Batch

Name

:-

Vishwesh Koundilya

Roll No

:-

PGEXP/004/2012

Solution- 7-55
X= the life span of the employee in southern textile
It is given the total life span varies between 550 weeks.
6σ = 550

σ= 550/5= 91.66

Also the confidence level is 98%.
α = .02 α/2 = 0.01 then z= 2.33
The required equation is
n> (Z α/2 X σ/B) ² > (2.33 X 91.67 / 30)² ≥ 7.120² ≥ 50.69
So, the sample size should be minimum 51.

Solution 7-69
X = Average no. of hours television watched in a week by a household
σ = 1.1 hour, B = 0.3 hours
CI = 98%, so α = 0.02 , So α/2 = 0.01
So, n ≥ (Z α/2 X σ/B) ² ≥ ( 2.33 X 1.1 / 0.3)² ≥ 8.543² ≥ 72.98
So, minimum sample size should be 73 for Harris Polls

Solution 8-25
a) Dr. Ross would be interesting to know that the heart beat of smoker is more than 78 beats per
min during the day time compare to the non smoker which has the average heart beat 78 per min.
The hypotheses are
H0 : µ = 78 beats per min
H1 : µ > 78 beats per min

1 .1 is less than 957. That means average weekly sales has come down at significance level of 2%. The hypotheses are H0 : µ = 15 high-nicotine cigarettes per day H1 : µ > 15 cigarettes per day Solution 8-29 a) X = Average weekly hot chocolate sales after the recent year long coffee advertisement campaign.02 S V = µ . Null Hypothesis is H0 : µ = 984.39. Solution SC12-6 Y X 10 11 12 15 8 3 15 18 9 10 11 12 8 6 10 7 13 18 11 13 . α = 0.7 pounds Alternate hypothesis is H1 : µ < 984. i.b) Dr. x‾ = 912.7 – 2. if x‾ < SV b) σ = 72.6 .06 X 72. 912.e.6 / √30 = 957.Z α X σ / √n = 984.39 As x‾. H0 is rejected. n = 30. Ross would be interesting to know that the average number of cigarettes consumed by the smoker is more than the 15 cigarette if he or she switches to another brand which is having low nicotine content.7 pounds Reject H0 .

75579 1 0.05981 Intercept X Variable 1 Significan ce F MS 37.41320 8 Total 9 44.4101 – 1)/ .864.864 Degree of freedom for residue is n-k-1 = 10-1-1 = 8 Standard t value is -1.836398 0. beta of stock is significantly less than 1.75579 1 0.376293 0.6867 9 6.80165 1 F 47.00013 Lower 95% Now.066042 Standar d Error 0. Upper 95% 7. Stock is insensitive to changes in the market. So.54800 6 Lower 95.272163 0. if B > t t = (b.854576 0.1 Coefficien ts 6.85649 1 P-value 3. we reject H0.27216 3 Upper 95.924433 R Square Adjusted R Square Standard Error Observatio ns 0.4101 To test beta at significance level of 0.00013 0.410085 0.0% 7. H0 : B = 1 Alternate hypothesis is H1 : B < 1 Reject H0 .41E05 4.0% 4.05. B = 0.0114 7 t Stat 8.37629 3 0.27834 1 6.0598 = -9.89535 10 ANOVA df Regression 1 Residual 8 SS 37.SUMMARY OUTPUT Regression Statistics Multiple R 0. which is GREATER than -9.e.860.54800 6 .BH0)/ Sb = (0.6867 9 0.73276 1 0. i.

37692 t Stat 4.718 – 0.4120 6 0.652095 0.312 6 2. Lower 95% Upper 95% 194.00602 8 0.01579 5 0.24058 -8.0528 Lower 95.807524 R Square Adjusted R Square Standard Error Observatio ns 0.56533 1 0.5 Coefficien ts Standar d Error 97.70104 -2.96 5 Residual 5 1171.06083 F Significan ce F 4.30732 8 ANOVA df Regression 2 2195.93 MS 1097.02807 6 The least squares equation would be Price = 441.3126 695.124 1.377(Sq ft).63339 2 1.0% 194.071392 P-value 0.314 Total 7 3367.01579 5 0.24058 -8.0528 Upper 95.13-48.70104 .61239 -4.7183 -0.57 234.512933 15.Solution: .37802 8 0.42997 9 Intercept X Variable 1 X Variable 2 SS 444.68587 0.6124(Weight) – 4.96684 3. price 225 240 225 220 167 212 217 200 wt sq ft 37 36 35 40 48 40 40 35 94 90 112 92 93 98 114 108 SUMMARY OUTPUT Regression Statistics Multiple R 0.0% 695.124 1.

616 . Putting values in above equation . we get Price = 441. space= 46 sq ft . .377 (46) = 301. what will be price .b) Weight = 100 ounces .718 – 0.6124 (100) – 4.