PGDM Semester - I (2020-2022) End Term Examination

Subject: Business Statistics (IMM-103) Maximum Marks: 60

Date of Exam: 21/12/2020 Day: Monday
Time: 11:00 am – 1:30 pm /Duration: 2 Hrs 30 Min Total No. of Pages: 3

Instructions
• Q 1 is compulsory and carries 20 marks.
• Attempt any FOUR questions from Q2 to Q7 (10 marks each)

Q1. 1. The quantity of a raw material purchased by ABC Ltd at specified prices during the post 20
12 months is given below: Marks

Month Jan Feb March April May June July Aug Sept Oct Nov Dec

Price(in 96 110 100 90 86 92 112 112 108 116 86 92

Rs)

Quantity 250 200 250 280 300 300 220 220 200 210 300 250

a) Find the regression equations based on the above data

b) Can you estimate the approximate quantity likely to be purchased if the price shoots
up to Rs 125 per kg?
c)Hence or otherwise obtain the coefficient of correlation between the price prevailing
and the quantity demanded.

Q2. Using the data given below, calculate Laspeyre’s, Paasche’s, Fisher and Marshal-Edgeworth’s 10
index numbers: Marks

Commodity Base Year Current Year

Price Quantity Price Quantity

A 5 25 6 30

1
 B 3 8 4 10

C 2 10 3 8

D 10 4 3 5

Q3. Fit a straight line trend by the method of least squares to the following data and also show on 10
the graph paper Marks

Year 1993 1994 1995 1996 1997 1998 1999

Production 80 90 92 83 94 99 92
(in 1000)

Q4. Calculate Spearman’s coefficient of rank correlation from the following data: 10
Marks
X: 50 55 65 50 55 60 50 65 70 75

Y: 110 110 115 125 140 115 130 120 115 160

Q5. The scores of two batsmen A and B in ten innings during a certain match are : 10
Using coefficient of variation find who is more consistent batsmen Marks
A 32 28 47 63 71 39 10 60 96 14
B 19 31 48 53 67 90 10 62 40 80

Q6. A survey was conducted to determine the age(in years) of 102 automobiles. The result of such a 10
survey is as follows: Marks

Age of auto 0-5 5-9 9-13 13-17 17-21

Number of 11 21 42 21 7
autos

What is the mean age and Mode for the autos?

Q7. a) What is skewness ? (1 marks) 10

b) Define Kurtosis ? (2 marks) Marks
c) Find the missing frequency in the following distribution if N=100 and M=30 (7Marks)
Marks 0-10 10-20 20-30 30-40 40-50 50-60
No. of 10 F1 25 30 F2 10
Students