SET 1

BUSINESS STATISTICS

Time: 3 Hours Max.Marks:80

I. Answer all questions. Each question carries 1 mark

1. What is pie chart?
2. What is a schedule?
3. What is geometric mean?
4. What is mean deviation?
5. What is correlation?
6. What is regression analysis?
7. Define index numbers?
8. What is factor reversal test?
9. What is time series?
10. Karl Pearson’s co-efficient of correlation is denoted by which symbol?
(10X1=10 Marks)
II. Answer any EIGHT questions. Each question carries 2 marks
11. Mention the different methods of collecting primary data.
12. What are the demerits of median?
13. What do you mean by scatter diagram?
14. Differentiate positive correlation from negative correlation.
15. If the values of mean and median are 27 and 29 respectively, what should be
the value of mode?
16. What are the various methods of studying dispersion?
17. What are the different types of regression analysis?
18. Find out the probable error if r = .6 and n = 64.
19. What are the steps for calculating Harmonic Mean?
20. What are the merits of ‘range’ as a measure of dispersion?
21. Why index numbers are called economic barometers?
22. Define statistics in the plural sense.
(8X2=16 Marks)
III. Answer any SIX questions. Each question carries 4 marks
23. An aeroplane travels distances of 2500, 1200 and 500 kms at speeds 500, 400
and 250 kms per hour respectively. Find the average speed for the entire trip.

24. Distinguish between primary data and secondary data

25. From the following data compute the consumer price index for the year 2019
with reference to the base year 2016.
Item: Food Clothing Rent Fuel Sundries
Weight: 8 3 2 2 3
% increase in 60 40 20 30 40
price over 2016

26. What are the different problems in connection with correlation analysis?
27. Calculate the long term trend and short term oscillations with a three year
period from the following data.
Year 2012 2013 2014 2015 2016 2017 2018 2019
 Output of tea 1632 1557 1652 2100 2620 3120 3236 3562
tons

28. What are the characteristics of regression analysis

29. Draw a simple bar diagram showing the following data
Year 2014 2015 2016 2017 2018 2019
Profit 30000 50000 80000 60000 40000 70000

30.Calculate standard deviation and coefficient of variation from the following

distribution
Marks 0-10 10-20 20-30 30-40 40-50 50-60
No. of students 8 12 16 20 14 10

31. What are the major problems associated with the construction of index
numbers?
(6X4=24 Marks)
IV. Answer any TWO questions. Each question carries 15 marks
32. From the following data relating to the amount of sales and number of units
sold, find out the Karl Pearson’s co - efficient of correlation.
Sales (Rs.Lakhs) 50 60 55 65 75 70 75 80 90 80
Units sold (‘000) 10 14 15 11 12 15 16 20 18 19

33. From the data given below find out

1. The two regression equations
2. Most likely age of wife when husband’s age is 25.
3. Most likely age of husband when wife’s age is 19.
Sales(Rs. Lakhs) 25 30 40 42 50 28 34 27 23 31
Units sold (‘000) 24 26 32 39 46 22 30 23 20 30

34.Construct quantity index numbers under 1.Laspeyre’s. 2.Paasche’s, 3.Bowley and

Dorbish, 4.Fisher’s and 5.Marshall - Edgeworth methods.
Commodity Price Quantity
Base year Current year Base year Current year
A 10 12 8 7
B 8 12 6 7
C 9 15 6 5
D 10 16 4 6

35. Discuss the factors that influence a time series and explain the utility of time
series analyses.
(2X15=30 Marks)