ALLAMA IQBAL OPEN UNIVERSITY MBA Semester, Autumn 2014 Business Mathematics & Statistics (8532) Maximum Marks: 100 03 Hours Pass Marks: 50 Note: ATTEMPT FIVE QUESTIONS. ALL CARRY EQUAL MARKS. Qt a. Why we use diagrammes for presenting statistical data? Explain briefly. State the advantages and disadvantages of any three of them. bb. Two companies reported net profit (percent of sale) for the last 5 years as follows: Company A: 40 41 43 400 41 Company 8: 73 37 84 25 110 1. Compute the average profit performance for each company. 2. What does comparison of the averages not disclose about the performances of the companies 0.2 What is the relationship between the amount spent per week on food and the size of family” Do larger families spend more on food? A sample of 10 families in Karachi area revealed the following figures for family size and the amount spent on food last week. Family Stee 3 6 5 6 6 3 4 4 5 3 Amount spent 99) 1080 1510 1290 1420 1110 740 910 1190 910 ‘on food Compute a Spat ones ', Coctficient of Determination 08 2) Ace 1 wrsel tree fines, Ihe rose sarc in We indepen, wa the prebability that, on the first throw, the dige*will show an even number; on the second throw a number divisible by 3; and onthe tig throw, a1? by A nationwide promotion promises a first pxBY Rs.25,000, wo second prizes of Rs.5,000 {ind four third prizes of RS.1,000. A total of RS0,000 persons enter the lottery. What is the expected value if the lottery costs nothingeirenter? O4 While discussing the possibility of m 4 new nonpreseription cold capsule, the director of R&D made the claim the it would capture at Teast 15% of the nonprescription cold capsule market, The marketing man ded to check the validity ofthis claim; 50 te setup « market test study. Two hundredjpfental customers were randomly selected and asked to ty the new drug, Only 17 said theypreferred the new cold capsule. Ata level of significance of 0.1, does the manager hav@Uiient evidence to reject the R&D director's claire? - QS The sales manager for a large appliance retailer is measuring his radio advertising amgalin fedariig sialon Mplianeas, Of P Oa lear 7 HAekd hs kis echaasl Varying amounts of radio time (line X, in mingl@). Line Y displays the number of major appliances sold that week X(minutes) 25° 18 32 3 3% 30 ¥ % 2 ts 2 2 0 2. Pind the best-fiting line Calculate the standard error ofthe estimate Q6 Solve the following Equations with the help of Matrices @ 4 The marginal enst fantion for producing x units is 3x2 ~ 200x + 1800 rupees. Find the increase in ost if production is increased from 90 to 100 unis 1. Find derivative for cach ofthe followings: a Lo fixy=@? 2g! 2 fixy=N2K-4 3 4. fix)=4xGx-2)? 5S fx)=2x/ 6-5) Q8 a Drawthe graph ofthe funetion y= fx) =x" + $x -10 1h Tntegrate the following: i fix) = (+ 4x) /x fx) =! + Be + 1d) /x2