BRAC Business School

BRAC UNIVERSITY
Semester: Spring 2021 Assignment-01
Course Code: STA501_S1 Course Title: Business Statistics
Full Marks:20 Date of Submission: 29 March 20201
Important notes:
▪ answer all questions.
▪ prepare it by hand writing and write your answers neatly in clear white paper and scan it using your phone
or scanner or other device, for submission please use pdf only.
▪ write page number, ID, name and date at the top of each page of your assignment.
▪ submit within 25 minutes when Google Drive:(Folder Name: Assign-1-Spg’21-S1) open for submission.
▪ it may go through 'plagiarism test' on your assignment, significant similarity (copying from others) would
severely reduce marks from both.

1. Calculate the three measures of locations for the following table and make comments.
Please use your BU student ID's last two digits (for example, 20164072) and replace the
colored digit mentioned in table by your ID's last two digits.
Monthly Income (000’$) No. of families
375-400 151
400-425 301
425-450 209
450-475 57
475-500 69
500-525 52
2. The REB is studying the relationship between kilowatt-hours (thousands) and number of
houses in a private single-family residence. A random sample of 9 homes yielded the
following.
# house 9 12 8 11 10 10 12 8 15 8
KWH(thous) 6 8 6 7 9 7 9 5 9 5
(i) Develop a regression model.
(ii) Determine the number of KWH, in thousands, for a five-rooms house.
(iii) Also calculate the number of rooms needed for 11 KWH in thousands.
3. The data on sales revenue (R) (in million Euro) and equipment cost (C) (in million Euro)
of 10 factories are given below:
R 29 42 53 80 63 45 48 51 42 37
C 1.7 2.4 3.5 5.1 4.4 4 3.5 5 2.5 2.2
Find the rank correlation coefficient between R and C of given factories and make comments.
4. Calculate the coefficient of correlation between S and U and comment on the result.
Please use your BU student ID's last two digits (for example, 20164072) and replace the
colored digit mentioned in table by your ID's last two digits.
No. of Sales Calls (S) 29 21 24 11 19 18 22 17 23 22
No. Units Sold (U) 47 29 55 27 22 23 44 18 61 51

5. The following are the sales (in million dollars) in a year of 55 companies. Please use your
BU student ID (for example, 20164072) and replace the colored digits mentioned in table
by your IDs same color.
21 50 29 41 51 41 44 42 37 39 29
33 52 48 32 49 42 32 59 35 37 32
27 26 41 27 53 54 18 42 42 40 23
29 56 53 56 49 53 30 53 21 26 51

1
39 51 45 43 47 35 25 35 25 42 38
From this data construct (i) A frequency distribution (ii) Cumulative (less than type)
frequency distribution (iii) A relative frequency distribution. Draw an ogive for greater than
type.

6. The following table gives the distribution of monthly house rent of some households
(hhs) in a city- Please use your BU student ID’s last two digits (for example, 20164072)
and replace the colored digit mentioned in table by your ID’s last two digits.
House rent (Tk.’00) No. of hhs
225-300 51
300-375 59
375-450 40
450-525 25
525-600 21
600-675 19
675-750 13
Calculate the ideal measures of dispersion, quartile deviation and inter quartile range and
make comments. When standard deviation of food expenditure among the families will be
zero.

7. A university authority proposed that all students must take a course in Business Stat as a
requirement for graduation. Three hundred faculty members and students from this
university were asked about their opinions on this issue. Table below gives a two-way
classification of the responses of these faculty members and students.
Favor Oppose Neutral
Faculty 39 21 19
Students 87 108 26
Find the probability that one person selected at random from these 300 persons is faculty
member or is in favor of this proposal.