BUSSINESS STATISTICS

Assignment 01
 INDEX

ANSWER 2…………………………..……………………………………………………………………..2
ANSWER 3…………………………………………………………………………………………………..2
ANSWER 4…………………………………………………………………………………………………..4

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PART 2
ANSWER 2

1- There are 69 homeowners represented in the sample.

2- Total 5 claims are represented in the sample.
3- 9 homeowners had no claim in the last three years.
4- 1 number of claim was made by the highest proportion of
homeowners.

xi ( x i−x́ ) ( x i− x́ ¿ ¿ 2 Z-Scores: x i−x́

3

x i−x́
[ ] [ ]s
s
70 -44800.73 2007105408.53 -0.7717 0.4596
300 -44570.73 1986549972.73 -0.7678 0.4526
2530 -42340.73 1792737416.93 -0.7294 0.3881
3334 -41536.73 1725299939.09 -0.7155 0.3663
6435 -38435.73 1477305340.63 -0.662 0.2406
15387 -29483.73 869290334.712 -0.5079 0.1310
22102 -22768.73 518415065.812 -0.3922 0.0603
23714 -21156.73 447607224.292 -0.3644 0.0484
26088 -18782.73 353790946.252 -0.3235 0.0339
29231 -15639.73 244601154.472 -0.2694 0.0196
31636 -13234.73 175158078.172 -0.2280 0.0119
70637 25766.27 663900669.712 0.4438 0.0874
99107 54236.27 2941572983.51 0.9343 0.8156
167003 122132.27 14916291375.3 2.1039 9.3127
175487 130616.27 17060609988.7 2.2500 11.3906
TOTAL 47179235898.5
ANSWER 3

∑ xi
 Mean : x́ = n

x i:
sum of the values of n observations.
n : number of observations in the sample.
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 x́ = 673,061/15
= 44870.73

 Median : for odd numbers =middle value of observations.(data

arranged in ascending orders)=23,714

 Mode: the value that occurs with the greatest frequency

therefore it is not applicable over here.

 Variance: S2=∑ ¿¿ , where

∑( xi − x́)2=47179235898.5

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 S2= 4717923589.5/(15-1) = 3369945421.35328

 Standard deviation: S :√ S 2, where

S2=3369945421.35328

S =√ 3369945421.35328
= 58051.231006348

 Interquartile Range: IQR : Q3-Q1, where

Q3 = 70,637
Q1 =3,334

IQR = 70,637-3,334
= 67,303
3
n x i−x́
 Skewness: (n−1)( n−2) ∑ [ ]s

= 1.5943097664395

ANSWER 4
d.
UNDERGRADUATE FREQUENCY
DEGREE DISTRIBUTION
BA 8
BBA 8
B ENG 5
BSC 5
OTHER 4
TOTAL 30

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 Frequency distribution
9
8
7
6
5 frequency distribution

4
3
2
1
0
BA BBA B ENG BSC OTHER

e. From the chart it can be said that from all the applicants of

MBA, applicants with background of BA &BBA are highest

i.e. 8 compare to other applicants with different
undergraduate background.

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