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- Solved, MB0040 – STATISTICS FOR MANAGEMENT
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12

1. (10%)

Five observations taken for two variables follows:

X 2.7 3.5 3.7 3.3 3.6 3.0

Y 450 560 700 620 640 570

**(a) Develop a scatter diagram for these data. What does the scatter
**

diagram indicate about a relationship between X and Y? (5%)

(b) Compute and interpret the sample correlation coefficient. (5%)

2. (25%)

The following table shows the number of students in three different degree programs

and whether they are graduate or undergraduate students:

Business Engineering Science Total

Under 150 150 100 400

Graduate 50 25 25 100

Total 200 175 125 500

**(a) What is the probability that a randomly selected student is an
**

undergraduate? (5%)

(b) What percentage of students is engineering majors? (5%)

(c) If we know that a selected student is an undergraduate, what is the

probability that he or she is a business major? (5%)

(d) Let A denote the event that a student is undergraduate, let B denote

the event that a student is majoring in Science, and let C denote the

event that a student is majoring in Business. Are events A and B

independent? Are events A and C mutually exclusive? Explain. (10%)

3. (15%)

An oil company has purchased an option on land in Alaska. Preliminary

geologic studies have assigned the following prior probabilities.

P high - quality oil 0.5

P medium - quality oil 0.3 .

P no oil 0.2

**After 200 feet of drilling on the first well, a soil test is taken. The
**

probabilities of finding the particular type of soil identified by the test

follow.

1

5.2 P soil | medium . P B 0. 25th. (10%) 2 . (30%) (a) 5 students’ birthdays are in this month (total 30 days). Find P Ac B and P Ac B c . (5%) (b) Construct a histogram. (5%) (iv) Compute the z-scores for every data.5. What is the probability of two students’ birthdays (among 10 students) being today? (10%) (b) Let the probability distribution of a discrete random variable X be x 1 f x c .(15%) The data for the number of units produced by a production employee during the most recent 20 days are shown here. P soil | high . (5%) (c) Construct an ogive. 160 170 181 156 176 148 200 179 162 150 162 156 179 178 151 157 154 179 152 156 Suppose the number of class is 5.quality oil 0. (5%) 6. 3 What is c? (10%) (c) Let P A 0. 5.1 Given the particular type of soil identified. Compute (i) 20th. (a) Construct a frequency distribution and relative frequency distribution. 2.7 P soil | no oil 0. (5%) 5. x 1. (a) what is the probability of finding medium-quality oil? (10%) (b) what is the probability of finding oil? (5%) 4. . (5%) (iii) Compute the standard deviation. and 75th percentile. (5%) (ii) Compute the mode. 65th.quality oil 0. P A B 2 3 . (20%) Consider a sample with data values of 7.5. 9 and 4.

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