Descriptive Questions

Notes:
A. Answer all questions.
B. Each question carries 10 marks. Marks for sub questions are mentioned in brackets
C. Answer each question with the respective question numbers and upload the answers
together in a word document.

1. Following data is about the popularity of two series Thrones and Games and Sherlock
Toms amongst students of a popular University in Savala. The series are produced by a
company by the name Flex Nit.

Watch Sherlock Toms ?

Watch Thrones and Yes No
Games ?
Yes 640 328
No 400 432

a. What is your interpretation of probability of viewership that can be calculated

from this table? (Interpretation only three lines. Do not define what probability
is) [2 marks]
b. Flex Nit wants to create a combo offer by combining both the series. Do you
think it is a good idea? Explain your position [4 marks]
c. For the annual inter University event the student committee is considering a
theme from among the above two series. The theme will be decided after
voting by the students. Which theme do you think will be chosen ? [2 marks]
d. Assuming a student watches Thrones and Games, what is the probability that
the student may consider voting for the theme Sherlock Toms [2 marks]

2. Sparry Potter is known for his luck and skills in quidditch games at Fogwarts. Out of the
nine games he played so far he has managed to score in 6 of them. Sparry likes Unicorn
milk, and before a quidditch game he likes to have a bucket full of unicorn milk. Sparry is
erratic in milk consumption and data suggest that in the past 9 games he had taken milk only
in 4 of them. Sparry is contacted by MSK, the manufacturers and marketers of Morlicks.
 Morlicks claim that the drink can make Sparry taller, sharper and stronger which will help
Sparry increase his scoring abilities in quidditch. To substantiate their claim they provide
scientific evidence stating someone who has taken Morlicks an hour before the game has a
70 percent chance of scoring in the game. Sparry do not believe in this so he is reluctant to
take Morlicks before a game. However Hubeus Ragrid believes this and decides to give
Sparry Morlicks in Unicorn milk without his knowledge. However he has no means of
checking if Sparry actually drank the milk or not. Assuming that Sparry has scored in the
next game, what is the probability that Sparry had taken Unicorn milk before the game?

3. The closing stock price of Marhsall Inc. for a sample of 10 trading days is shown below.
Day Stock Price
1 84
2 87
3 84
4 88
5 85
6 90
7 91
8 83
9 82
10 86

For the above sample, compute the following measures

a) The mean [2 Marks]
b) The median [2 Marks]
c) The variance [2 Marks]
d) The standard deviation [2 Marks]
e) The range [2 Marks]
Note: For question number 3, you may use excel for calculations and copy paste the answers
to word document.