OBE REFNOO43511 Bachelor of Vocation Semester IfI Examination 2021-22 Retail & Logistics Management BVRM LMG-307 : Business Statistics ‘Time : 4:30 hours Max. Marks : 70 Instructions . The Question Paper contains 08 questions out of which you are required to answer any 04 questions. The question paper is of 70 marks with each question carrying 17.5 marks. weara 4 os wet {8 me) z fered S o4 weal wr gue tar 8! EIT 70 siat aT 2, fort uate wea 17.5 sie ar 21 2. The total duration of the examination will be 4.30 hours (Four hours and Thirty Minutes) which includes the time for downloading the question paper from the Portal, writing the answers by hand and uploading the hand-written answer sheets on the portal. wat or ga wre 430 dé oF 2 fA wea ot ada O stercts od YA: Refetad wet or GN oda Waals BET 2] 3. For the students with benchmark disability as per Persons with Disability Act, the total duration of examination shall be 6 hours (six hours) to complete the examination process, which includes the time for downloading the question paper from the Portal, writing the answers by hand and uploading the hand-written answer sheets on the portal. Ratt ort 3 fad Wer a wa 6 dé flathta & fiery wera a dda 9 sreaets oer yd eecfeitad vie ot ude we amats wet 21 4, Answers should be hand-written on a plain white A4 size paper using black or blue pen. Each question can be answered in upto 350 words on 3 (Three) plain A4 size paper (only one side is to be used). aeafefad weal oT Gee we Whe As Tiga S WAT we are sera Atel war O ferar dar mRa | wats wet aT TAR 350 Tal aw dy are ys AA aga F et ae weal 3 aay & fay daa wo oe O YS oF ff coats fear rT aT! Answers to each question should start from a fresh page. All pages are required to be numbered. You should write your Course Name, Semester, Examination Roll Number, Paper Code, Paper title, Date and Time of Examination on the first sheet used for answers. wae meat or sae wa Ss ge oer a) wh PST st ywifest wer 21 va wt eH ysS We wera oT fay, Whey War aware, wea ots, yea oT ete, feate vd wera fare 21 Questions P.O.1. What do you understand by the word statistics? State the importance of statistics in Business. 2. Explain some of the limitations of statistics? Why is business statistics vital in decision making? 3. What are the methods of data collection in statistics? Briefly explain the various type of classification of data. 4. The following table gives the marks in English secured by the students of a class in their mid-term examination: “Marks 7 0-10 | 10-20 | 20-30 | 30-40 | 40-50 ] 50-60 “Noof |S [| 10 | “30 | 20 10 Students |__ ’ Calculate the average marks of students by the direct method. 5. Calculate the standard deviation of the following data Marks: 40, 42, 38, 44, 46, 48, 50 6. What is a spearman’s rank correlation coefficient? State its merits and demerits 7. Calculate the coefficient of correlation between price and quantity demanded from the following data: ‘19 | 3 — Demanded 2 L 8. What is time series analy: 21 how is it used? What are the components of , an time series analysis? co