THIRD REVISION EXAM - 2021

Date : 19-May-21
12th Standard
Reg.No. :
Business Maths and Statistics
Exam Time : 03:00:00 Hrs Total Marks : 90
SECTION-A 20 x 1 = 20
ANSWER ALL THE QUESTION
1) If A= (
2 0
) ,then ρ(A) is
0 8

(a) 0 (b) 1 (c) 2 (d) n

2) ⎛
1 1 1
⎞

The rank of the matrix ⎜1 2 3⎟ is

⎝ ⎠
1 4 9

(a) 0 (b) 1 (c) 2 (d) 3

3) ⎛
1
⎞
IfA =⎜ 2 ⎟ then the rank of AAT is
⎝ ⎠
3

(a) 0 (b) 1 (c) 2 (d) 3

A B
4)
if T= A
B
( 0.7 0.3 ) is a transition probability matrix, then the value of x is
0.6 x

(a) 0.2 (b) 0.3 (c) 0.4 (d) 0.7

5) The profit of a function p(x) is maximum when
(a) MC − MR = 0 (b) MC = 0 (c) MR = 0 (d) MC + MR = 0
6) 2
When x0 = 5 and p0 = 3 the consumer’s surplus for the demand function pd = 28 − x is
(a) 250 units (b) units (c) units (d) units
250 251 251

3 2 3

7) 2
When x0 = 2 and P0 = 12 the producer’s surplus for the supply function Ps = 2x + 4 is
(a) units (b) units (c) units (d) units
31 31 32 30

5 2 3 7

8) Area bounded by y = ex between the limits 0 to 1 is

(a) ( e −1) sq.units (b) ( e +1) sq.units (c) (1 −
1

e
) sq.units (d) (1 +
1

e
) sq.units
9) In a parametric distribution the mean is equal to variance is :
(a) binomial (b) normal (c) poisson (d) all the above
10) A manufacturer produces switches and experiences that 2 per cent switches are defective. The probability that in a box of 50 switches, there are atmost two
defective is :
(a) 2.5 e-1 (b) e-1 (c) 2e-1 (d) none of the above
11) If for a binomial distribution b(n,p) mean = 4 and variance = 4/3, the probability, P(X ≥ 5) is equal to :

(a) (2/3)6 (b) (2/3)5(1/3) (c) (1/3)6 (d) 4(2/3)6

12) In a binomial distribution, the probability of success is twice as that of failure. Then out of 4 trials, the probability of no success is
(a) 16/81 (b) 1/16 (c) 2/27 (d) 1/81
13) A ________ may be finite or infinite according as the number of observations or items in it is finite or infinite.

(a) Population (b) census (c) parameter (d) none of these

14) Any statistical measure computed from sample data is known as ____________

(a) parameter (b) statistic (c) infinite measure (d) uncountable

15) Which one of the following is probability sampling

(a) purposive sampling (b) judgment sampling (c) simple random sampling (d) Convenience sampling
16) In simple random sampling from a population of units, the probability of drawing any unit at the first draw is
(a) n
(b) 1
(c) N

n
(d) 1
N N

17) In a non – degenerate solution number of allocations is

(a) Equal to m+n–1 (b) Equal to m+n+1 (c) Not equal to m+n–1 (d) Not equal to m+n+1
18) The Penalty in VAM represents difference between the first ________
(a) Two largest costs (b) Largest and Smallest costs (c) Smallest two costs (d) None of these
19) North-West Corner refers to ________
 (a) top left corner (b) top right corner (c) bottom right corner (d) bottom left corner
20) A type of decision –making environment is

(a) certainty (b) uncertainty (c) risk (d) all of the above
SECTION-B 7 x 2 = 14
ANSWER ANY 7 QUESTIONS
QUESTION NUMBER 30 IS COMPULSORY
21) If MR = 20 − 5x + 3x2, find total revenue function.
22) A fair coin is tossed 6 times. Find the probability that exactly 2 heads occurs.

23) Verfy the following statement:

The mean of a Binomial distribution is 12 and its standard deviation is 4.

24) In a Poisson distribution the first probability term is 0.2725. Find the next Probability term

25) The mean of a binomial distribution is 5 and standard deviation is 2. Determine the distribution.

26) ⎛0 −1 5 ⎞

Find the rank of the matrix ⎜ 2 4 −6 ⎟

⎝ ⎠
1 1 5

27) Consider the matrix of transition probabilities of a product available in the market in two brands A and B.
A B

A 0.9 0.1
( )
B

0.3 0.7

Determine the market share of each brand in equilibrium position.

28) Find the area bounded by y = 4x + 3 with x- axis between the lines x = 1 and x = 4
29) Find the sample size for the given standard deviation 10 and the standard error with respect of sample mean is 3.
30) The standard deviation of a sample of size 50 is 6.3. Determine the standard error whose population standard deviation is 6?

SECTION-C 7 x 3 = 21
ANSWER ANY 7 QUESTIONS
QUESTION NUMBER 40 IS COMPULSORY
31) Show that the equations 2x+y=5,4x+2y=10 are consistent and solve them.
32) The marginal cost function of manufacturing x shoes is 6 +10x − 6x2 . The cost producing a pair of shoes is Rs.12. Find the total and average cost function.

33) The marginal cost function MC = 2 + 5ex Find AC.

34) State any three merits of stratified random sampling.

35) A wholesaler in apples claims that only 4% of the apples supplied by him are defective. A random sample of 600 apples contained 36 defective apples.

Calculate the standard error concerning of good apples

36) Consider the following pay-off matrix
Pay – offs (Conditional events)
Alternative
A1 A2 A3 A4
E1 7 12 20 27
E2 10 9 10 25
E3 23 20 14 23
E4 32 24 21 17
Using minmax principle, determine the best alternative.
37) Find the initial basic feasible solution of the following transportation problem:

Using (i) North West Corner rule

(ii) Least Cost method
(iii) Vogel’s approximation method
38) Given the following pay-off matrix(in rupees) for three strategies and two states of nature.

StrategyStates-of-nature
E1 E2
S1 40 60
S2 10 -20
S3 -40 150
Select a strategy using each of the following rule (i) Maximin (ii) Minimax
39) 80% of students who do maths work during one study period, will do the maths work at the next study period. 30% of students who do english work during one

study period, will do the english work at the next study period. Initially there were 60 students do maths work and 40 students do english work.
Calculate,
(i) The transition probability matrix

(ii) The number of students who do maths work, english work for the next subsequent 2 study periods.
40) a) What is transportation problem?
b) Write mathematical form of transportation problem.
SECTION-D 7 x 5 = 35
ANSWER ALL THE QUESTIONS

41) a) Investigate for what values of ‘a’ and ‘b’ the following system of equations x+y+z=6,x+2y+3z=10, x+2y+az = b have
(i) no solution
(ii) a unique solution
(iii) an infinite number of solutions.
(OR)
b) Solve the following system of equations by rank method
x+y+z=9,2x+5y+7z=52,2x−y−z =0
42) a) A firm has the marginal revenue function given by MR = a
2
- c where x is the output and a, b, c are constants. Show that the demand function is
(x+b)

given by x = .
a
−b
b(p+c)

(OR)
2

b) The elasticity of demand with respect to price p for a commodity is η d =

p+2p
. Find demand function where price is Rs. 5 and the demand is 70.
100−p−p 2

43) a) Under perfect competition for a commodity the demand and supply laws are Pd = 8
−2 and Ps = x−3
respectively. Find the consumer’s and
x+1 2

producer’s surplus.
(OR)
− −−−−−
b) The demand equation for a products is x = √ 100 − p and the supply equation is x =
p
-10. Determine the consumer’s surplus and producer’s surplus,
2

under market equilibrium.

44) a) If 5% of the items produced turn out to be defective, then find out the probability that out of 10 items selected at random there are
(i) exactly three defectives
(ii) atleast two defectives
(iii) exactly 4 defectives
(iv) find the mean and variance
(OR)
b) A and B play a game in which their chance of winning are in the ratio 3:2 Find A’s chance of winning atleast three games out of five games played.

45) a) One fifth percent of the the blades produced by a blade manufacturing factory turn out to be defective. The blades are supplied in packets of 10. Use
Poisson distribution to calculate the approximate number of packets containing no defective, one defective and two defective blades respectively in a

consignment of 1,00,000 packets (e–0.2 =.9802)

(OR)
b) The distribution of the number of road accidents per day in a city is poisson with mean 4. Find the number of days out of 100 days when there will be
(i) no accident
 (ii) atleast 2 accidents and
(iii) at most 3 accidents.
46) a) A sample of 100 measurements at breaking strength of cotton thread gave a mean of 7.4 and a standard deviation of 1.2 gms. Find 95% confidence limits

for the mean breaking strength of cotton thread.

(OR)
b) A die is thrown 9000 times and a throw of 3 or 4 is observed 3240 times. Find the standard error of the proportion for an unbiased die .
47) a) Find the initial basic feasible solution for the following transportation problem by VAM

(OR)
b) Obtain an initial basic feasible solution to the following transportation problem by using least- cost method.

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