1 ALLAMA IQBAL OPEN UNIVERSITY r MBA Semester: Spring 2014 aper: _ Business Mathematics & Statistics (8832) Maximum Marks: 100 wows aiatiaDk. @Deidore Pass Marks: 50 Note: ATTEMPT FIVE QUESTIONS. ALL CARRY EQUAL MARKS. GI [i | Deseribe the advantages and disadvantages of diagrammatic representation. Also state | 10 the important types of diagrams. ‘The ages of a sample of the students attending Sandhills Community College this | 10 | seinester are: 0 Wb a a ae ie ot Be a ee 5 0 2 we yt a oe om Fe 8) Construct a frequeney distrib vals 15-19, 20-24, 25-29, 30-34, and 35 and older. bb). Estimate the modal value by usifgpproprite formula | ) Also compute the mean of the: ita and grouped data. [Q2 [i [An um contains 75 marbles: 35 are blue aid 25 of these blue marbles are swirled. The | 10 rest of them are red, and 30 of the red oft@8re swirled. The marbles that are not swirled are cleat. What isthe probability of dravling: | a) A blue marble from the urn? | 'b) Aclear marble from the urn? | ‘) A blue swirled marble? a 4) Arred, clear marble? | e) A swirled marble? ¢ | |i The Us Bureau of Printing and Enerdfinp i responsible for this country’s | 10 | paper money. The BPE has an impressiveky;small frequency of printing errors; only 0.3 | percent ofall bills are too flawed for ottblation. What is the probability that out of a batch of 1,000 bills | 2) None are too flawed for circu: 2) Tonartonnawes rere ) Fifteen are too flawed for circa? Q3 [i | What is the major drawback of judgments sampling? Are judgment sampling and | 10 probability sampling necessarily mutually B¥clusive? Explain. a % [A research company has designed throsidifferent systems to cleanup oll spill. The | 10 following table contains the results; sd by how much surface area (in square meters) is cleared in 1 hour. The data(@Bke found by testing each method in several trials, Are the three systems equally effeblie? Use the 0.05 level of significance. System A: 55 60 3 56 59 58 System B: 57 3 4 49 6 SystemC: 66 32 61 37 GA | T. | Fhe manager of Cardinal Electric's light bulb division mast estimate the average number | 10 cof hours that a light bulb made by each light bulb machine will last. A sample of 40 light bulbs was selected from machine A and the average burning time was 1,416 hours. The standard deviation of burning time is known to be 30 hours 2) Compute the standard error of the mean. b) Construct a 90 percent confidence interval forthe true population mean, ii | A television documentary on Overeating claimed that Americans are about 10 pounds | 10 overweight on average. To test this claim, eighteen randomly selected individuals were examined; their average excess weight was found to be 12.4 pounds, and the sample standard deviation was 2.7 pounds. Ata significance level of 0.0, is there any reason to doubt the validity of the claimed 10 pounds value? l PTO