DEPARTMENT OF MARKETING

INTERNATIONAL ISLAMIC UNIVERSITY

FACULTY OF MANAGEMENT SCIENCES
MIDTERM EXAM SPRING 2020

Course Name: Statistical Inference QNT 401 Instructor: Natasha Habib

Total Marks: 40 Time Allowed: 17thJune
Batch Name: BBA 39 B
Attempt all Question’s. Try to give the minimum details of every theoretical question and
solve all the Question’s on paper. Then use cam scanner to make pdf and then upload on
Google Classroom.

Q 1: (a) For the following statements, decide whether the variable is continuous or discrete.
1: The lifetime of electric bulbs.
2: The number of current account balance checked by a firm of auditors each year.
3: A finite number of values or a countable number of values.
4: Price of a share in Karachi Stock Exchange.
5: Total number of shares sold on different days in the stock market.
6− 7− x
(b): If f ( x) = for x = 2,3, 4,5, 6, 7,8,9,10,11,12 , then find mean and variance of the
36
random variable X.
(c): Let X and Y are two independent random variables with the joint probability distribution
such that
1 1
g ( x ) = x = 1, 2,3 and h( y ) = y = 0,1
3 2
If Z = 2 X − Y ,then verify that E ( Z ) = 2 E ( X ) − E (Y ) .
Q 2: Solve the following questions:
(a) In which sampling criteria is used to differentiate between with and without sampling case?
Write down the relationship between population and sample mean, variance in with and without
sampling cases?
(b): Assume that the masses of 200 male students at a college are normally distributed with men
65.0 kg and standard deviation 3 kg. If 100 samples consisting of 36 students each are obtained,
what would be the expected mean and standard devotion of resulting sampling distribution of
means if sampling were done
(a) With replacement (b) Without replacement
Q 3: Solve the following objectives and give the answers:
(a) To find the confidence interval for population mean how many cases we have, elaborate
them briefly with suitable examples?
(b): In a certain large city, a random sample of 400 families contracted by a local TV station that
275 owned colour TV sets. Find an approximate 90 per cent confidence interval on the true
proportion of all families living in the city who own colour TV sets.
(c): Five measurements of reaction time were recorded as 0.28, 0.30, 0.27, 0.33, 0.31 seconds.
Find 95% confidence interval for actual mean reaction time?