Assignment 2

Business Statistics
1. A recent study of the laundry habit of American included the time in minutes of the wash cycle.
A sample of 40 observations follow.

135 137 128 139 140 117 133 138 125 132

146 119 137 137 100 138 133 113 137 137

128 135 109 132 137 136 134 143 122 139

144 131 128 136 131 131 103 134 133 135

(a) Calculate all measures of dispersion. (Both absolute & relative measure)

(b) Find all quartiles, 95th percentile, 16th percentile, 9th Deciles and D4

(c) Draw box plot using this data.

2. What do you mean by Rank Correlation Coefficient? A departmental store has the following
statistics of sales for a period of last one year of 10 persons who have varying years of
experience.

Experience 1 3 4 4 6 8 10 10 11 13
Annual sales 80 97 92 102 103 111 119 123 117 136

(i) Is there exists any relationship between experience and sales?

(ii) Estimate the linear regression of annual sales on experience.
(iii) Predict the annual sales of a person who have 15 years of sales experience?