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# Kazakhstan Institute of Management, Economics and Strategic Research

Department of Economics
Assignment 1- Spring 2008
Points: 10

## Probability Theory and Statistics (Econ 5011)

Q1. The following data indicates the obtaining marks in Statistics of 100 students in a Final examination of the
Department of Economics under KIMEP. Construct a frequency distribution and represent the frequency
distribution graphically.
75, 79, 85, 65, 76, 54, 42, 41, 54, 67, 78, 35, 45, 67, 59, 69, 68, 66, 45, 47, 48, 49, 43, 35, 36, 38, 30, 85, 69, 75,
55, 66, 55, 41, 44, 64, 77, 71, 55, 55, 62, 63, 45, 41, 40, 44, 49, 48, 49, 43, 35, 36, 38, 30, 32, 29, 40, 45, 35, 83,
55, 59, 55, 65, 96, 34, 42, 41, 54, 57, 70, 75, 55, 67, 50, 60, 61, 62, 74, 47, 41, 43, 45, 55, 36, 33, 31, 95, 60, 55,
65, 46, 45, 93, 45, 66, 63, 61, 56, 65.
Q2. Calculate the arithmetic mean for the following frequency distribution of daily wages of 125 employees of a
garment factory
Wages in USD
100-119
120-139
140-159
160-179
180-199
200-219
220-239
240-259
260-279
280-299

No. Of Employees
5
18
25
30
15
12
8
6
4
2

Q3. Find the median from the following frequency distribution of the student's heights of KIMEP.
Class Intervals
150-155
155-160
160-165
165-170
170-175
175-180
180-185
185-190

Frequency
10
15
20
30
12
8
5
2

Q4. The following table gives the yearly profits in million USD in a certain commercial organizations;
Profits (in Million USD)
0-10
10-20
20-30
30-40
40-50

No. Of Organizations
2
5
12
18
25

50-60
60-70
70-80
80-90
90-100

22
17
9
6
3

Find the mode value from the above given frequency distribution
Q5. The following frequency distribution indicates the annual rates of growth as percentage of output of 70
factories in a year.
Growth Rates (in Percentage)
0-2.5
2.5-5.0
5.0-7.5
7.5-10.0
10.0-12.5
12.5-15.0

No. Of Factories
12
15
25
10
6
2

## Which measure of central tendency is applicable and why? Calculate it

Q6. The following table shows the frequency distribution of 61 mining companies that produced coal per day in
metric tons. Find the mining rate of these companies.
Produced Coal Per Day in Metric Tons
200-250
250-300
300-350
350-400
400-450
450-500

No. of Companies
8
12
20
13
6
2

Q7. The following table shows the distribution of 166 families according to their expenditure per week in USD
of the households of Republic of Kazakhstan.
Expenditure
250 -500
500-750
750-1000
1000-1250
1250-1500
1500-1750
1750-2000
2000-2250
2250-2500
2500-2750
2750-3000

No. Of Families
14
22
32
35
20
12
10
8
6
4
3

## (a) Find the mean, the median and the mode.

(b) Find the first and third quartiles.
(c) Draw cumulative frequency curves and determine the median from this curve.

Q8. The Find table shows the daily wages of workers of a mine industry
Frequencies ( f i )
8
16
20
25
18
12
8
6
4
3

Wages in USD
100-120
120-140
140-160
160-180
180-200
200-220
220-240
240-260
260-280
280-300
(a) Calculate range
(b) Calculate mean deviation from mean, median and mode
(c) Calculate the quartile deviation
(d) Calculate the standard deviation

Q9. A final exam in a course in Mathematical Statistics of public and private Universities were taken by a
number of students with the following results.
(i) Public University
45, 50, 55, 60, 63, 62, 58, 72, 63, 68, 67, 60, 63, 60, 62, 58, 66, 62, 60, 65, 65, 56, 48, 55, 68, 57, 46, 45, 61, 75,
48, 66, 61, 48, 55, 50, 63, 65, 49, 65, 60, 61, 63, 60, 65, 58, 66, 62, 60, 65
(ii) Private University
70, 75, 65, 60, 73, 72, 58, 59, 75, 74, 69, 68, 46, 45, 62, 74, 76, 72, 45, 55, 55, 46, 48, 65, 70, 77, 46, 45, 71, 40,
44, 46, 41, 49, 45, 50, 73, 75, 45, 55, 75, 61, 64, 40, 45, 68, 46, 66, 69, 75
Find, which university's students results may be considered to be a more consistent?

Q10. Find the coefficient of mean deviation from the mean value and also find the coefficient of
quartile deviation of problem 9 for both universities.