Bangladesh Army International University of Science and Technology

Department of Business Administration

Level – 3, Term – 1
Class Test – 01 , Fall 2020
Course Code: BUS 3510
Course Title: Business Statistics II
Notes: Time: 40 mins
a. Answer any 02 (Two) of the following 03 (Three) questions. Full Marks: 10
b. Each question carries 05 marks.
c. Figure on the right of each question indicate marks for respective question.

1.
a) State the differences between variable and random variable. 2
b) The director of accounting at Trust Bank Ltd. estimated the distribution of loan
recovery for the year 2021 on the basis of past experience.
Amount (in core) Probability
100 0.6
3
120 0.3
150 0.1
i) What is the expected amount of recovery for the year 2021?
ii) Compute the variance and the standard deviation for the amount of recovery.
2.
a) Mention the dissimilarities between the Binomial distribution and the Poisson
2
distribution.
b) In the past, schools in Comilla have closed an average of 02 days each year for
weather emergencies. What is the probability that schools in Comilla will close for i) 03 3
days, ii) at least 01 days and iii) more than 03 days in next year?
3.
a) Derive standard normal distribution from normal distribution. 2
b) The distribution of the number of viewers for the Bangladesh Premier League at the
stadium follows normal distribution with a mean of 18 thousands and a standard
deviation of 3 thousands. What is the probability next season show will:
3
i) Have between 19 and 24 million viewers?
ii) Have at least 17 million viewers?
iii) Less than 26 million viewers?