Birla Institute of Technology & Science, Pilani

Work-Integrated Learning Programmes Division

First Semester 2015-2016
Mid-Semester Test
(EC-2 Regular)
Course No.
Course Title
Nature of Exam
Weightage
Duration
Date of Exam
Note:
1.
2.
3.

: MM ZG515
: QUANTITATIVE METHODS
: Closed Book
: 35%
: 2 Hours
: 19/09/2015 (AN)

No. of Pages
=4
No. of Questions = 6

Please follow all the Instructions to Candidates given on the cover page of the answer book.
All parts of a question should be answered consecutively. Each answer should start from a fresh page.
Assumptions made if any, should be stated clearly at the beginning of your answer.

Q.1. Since its inception, Zandu Pharmaceuticals is dedicated to promote Ayurveda and is
involved in bringing the benefits of Ayurveda to the common man. The following table
exhibits the expenses incurred by Zandu Pharmaceuticals in different quarters from
June 1998 to September 2002. Compute the following from the data given in table
below:
(a)
Mean
(b)
Median
(c)
Range
(d)
Standard deviation
[2 X 4 = 8]
Table: Expenses incurred by Zandu Pharmaceuticals from June 1998 to September 2002
Quarter
Jun
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
1998 1998
1998
1999
1999
1999
1999
2000
2000
Expenses
162.6 268.4
394.5
261.1
176.9
248.2
281.7
291.7
174.4
(in million
rupees)
Quarter
Sep
Dec
Mar
Jun
Sep
Dec
Mar
Jun
Sep
2000 2000
2001
2001
2001
2001
2002
2002
2002
Expenses
234.1 303.9
238.9
164.1
227.7
274.6
207.1
189.8
253.5
(in million
rupees)
Q.2. A coffee connoisseur claims that he can distinguish between a cup of instant coffee and
a cup of percolator coffee 75% of the time. It is agreed that his claim will be accepted
if he correctly identifies at least 5 of the 6 cups. Find his chances of having the claim
[3 X 2 = 6]
(a)
Accepted,
(b)
Rejected
When he does have the ability he claims.

MM ZG515 (EC-2 Regular)

2

First Semester 2015-2016

Page 1 of

MM ZG515 (EC-2 Regular)

First Semester 2015-2016

Page 2

Q.3. The internal recruitment board of a company wants to recruit new employee. Before
recruitment, the company recruitment board examines different categories of
qualification of its employees. The table given below indicates the four categories of
qualification and the gender of the employees:
Male
Female
Total
Matriculates
110
80
190
Graduates
60
80
140
Post Graduates
40
50
90
PhDs
10
15
25
Total
220
225
445
If an employee of the company is selected at random:
[2 X 4 = 8]
(a)
What is the probability that he is a male or a graduate?
(b)
What is the probability that she is a female or a postgraduate?
(c)
What is the probability that the employee is a matriculate or a graduate?
(d)
What is the probability that the employee is a postgraduate or a Ph.D.?
Q.4. The weekly average salary of government contract workers in a state is Rs. 1250.
Assume that average salary is normally distributed with a standard deviation of Rs.
450. If a government contract worker is selected randomly: (take approximation till
two decimal places)
(a)
What is the probability that a workers weekly salary is more than Rs. 1500?
(b)
What is the probability that a workers weekly salary is less than Rs. 1100?
(c)
What is the probability that a workers weekly salary is between Rs. 1000 to Rs.
1500?
[2 x 3 = 6]
Q.5. In a grocery store, the mean expenditure per customer is Rs. 2000 with a standard
deviation of Rs. 300. If a random sample of 50 customers is selected, what is the
probability that the sample average expenditure per customer is more than Rs. 2080?
[3]
Q.6. The organized sector has a 70% market share in the storage batteries segment in India.
Suppose a researcher, wants to check this market share. For this purpose, the
researcher has taken a random sample of 120 customers of storage batteries. Out of
120 customers, 86 customers have purchased from the organized market. Assuming
customers to be normally distributed, construct a 95% confidence interval for
estimating the population proportion.
[4]

***********

MM ZG515 (EC-2 Regular)

2

First Semester 2015-2016

Page 2 of