Symbiosis Institute of Business Management, Pune

Program:- MBA

Sem. :- I

Course :- (0201410106) Business Statistics

Batch: - 2021-23

Marks :- 40

Time:- 1.30 hrs.

Instructions :

1. Use of simple calculator is allowed.

2. You can either use word tools or pen/paper to draw/write the equation/formula
wherever required. Insert the picture of the equation/formula in the word
document if you use pen / paper.

3. All the questions are compulsory. Figure to the right indicate marks.

4. Name of the document file will be your full PRN_full course name. Please mention
your full PRN inside the document also, before starting to answer on the top right
corner.

5. Upload only 1 single document for all the answers. Only word document will be
accepted for submission. No other file format is allowed.

6. Every answer should start on a new page. Mention the correct question number while
answering.

7. Use your official SIBM Email ID only to submit your answer.

8. Once the form is deactivated after the given time, your response will not be accepted.

9. The answers SHOULD NOT BE COPIED and shall be subjected to a strict plagiarism
check.

10. You can submit your response only ONCE.

1
1. Compute the mean, median, mode, and standard deviation on the following sample data.

Class Interval Frequency

10–20 6
20-30 21
30-40 33
40-50 27
50-60 18
60-70 10
70-80 5
{CO-1,2}(8 Marks)
2. What do you mean by Z score? Explain how is it related to measures of central tendency
and dispersion? What are the characteristics of Z score and how it is calculated. Explain
with the help of an example
{CO-2,3} (8 Marks)

3. Use the following information to construct the confidence intervals specified to estimate
a. 95% confidence for 𝑥̅ = 28, 𝜎 = 4, and n =65
b. 98% confidence for 𝑥̅ = 123, 𝜎 = 18.9, and n = 80
d. 80% confidence for 𝑥̅ = 56.7 , 𝜎 = 11and n = 30
{CO-2,3} (8 Marks)
4. Explain any two of the following topics with the help of examples
a. Chebyshev’s’ theorem
b. Empirical rule
c. Type 1 & type 2 error
d. Scales of measurements
{CO-2,3} (8 Marks)
5. The National Safety Council released the following data on the incidence rates for
fatal or lost-worktime injuries per 100 employees for several industries in three recent
years.

Industry 1986 1988 1991

Textile .67 .47 .69
Chemical .52 .63 .63
Communication .90 .72 .81
Machinery 1.87 1.74 2.13
Services 2.89 2.09 2.46
Nonferrous metals 1.80 1.92 2.00
Food 3.29 3.10 3.13
Government 5.01 4.43 4.00

Compute r for each pair of years and determine which years are most highly correlated
{CO-4,5} (8 Marks)