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Data Analysis For Managers - MBA134 - 25oct2021
Data Analysis For Managers - MBA134 - 25oct2021
b) An ice-cream vendor has an average sale of ₹500 per day. Due to the establishment of a school in
the locality, he expects that the ice-cream sales will increase. The vendor calculated the total sales for
four weeks and found it to be ₹16,440. He has observed the standard deviation of sales historically to
be ₹42 per day. Can it be concluded that the ice-cream vendor’s average sale per day has increased?
Test at the 5% level of significance.
Use the following table to obtain the critical values:
Normal distribution
0.49 0.47 0.02
Area from 0 to z 0.499 5 0.49 5 0.45 0.05 5
2.57 0.12
Z 3.09 5 2.325 1.96 1.645 5 0.065
t-distribution
Upper
tail 0.02 0.00
0.2 0.1 0.05 0.01
df prob. 5 5
Chinese 12 13 15 17 17 24
Seafood 16 18 17 26 19 18
Indian 24 19 23 25 27 31
Source of
Variation SS Df MS F P-value F crit
--- --- 3.682
Between Groups --- --- 0.0064 2
23 --- ---
Within Groups 6
46 ---
Total 3
3 [10 From the adult female population of 4 cities, a random sample of working and non-working women
marks was taken and the counts were recorded as in the table below.
]
City A B C D
Working 16 285 16 117
0 5
Non-working 40 125 35 37
Can it be concluded for these women that the tendency to work is influenced by the city they
are in? Use a 5% level of significance. Use the following table to obtain the critical values:
Upper
tail 0.1 0.05 0.025 0.01 0.005
df
prob.
Q. No Questions
1 [20
marks] The maintenance supervisor at a national coach company would like to determine whether the age of a bus
will affect its annual maintenance cost. The following data was collected from 13 buses:
Age 3 2 3 4 5 6 2 3 5 6 8 3 4
Cost (in 8. 8. 8. 13.
7.0 6.6 9.0 12.5 6.2 9.7 9.4 8.5 9.2
₹’000) 7 3 8 1
This data was processed in Microsoft Excel, and the following results were obtained:
Multiple R --
R Square --
Observation
s ---
Significance
df SS MS F F
Regression --- 37.50 --- ---- 0.0001
Residual --- 10.71 ---
Total 12 48.22
Coefficient Std.
s Error t Stat P-value
0.0000
Intercept 4.856 0.72 6.729 3
0.0000
Age 0.997 0.16 6.206 7
The company needs your assistance in analyzing the data from end-to-end. Analyze the case along
the lines of the following questions, giving elaborate statistical interpretations and managerial
implications:
a) Draw a scatterplot of the relevant variables and comment.
b) Calculate the correlation coefficient between the variables and comment.
c) Write the linear regression equation. Identify the dependent and independent variables.
d) Interpret the values associated with the intercept and the slope.
e) Predict the annual maintenance cost, if the age of the bus is 12 years.
f) Obtain the coefficient of determination and interpret the same.
g) Find the missing values in the two tables.
h) Develop the relevant hypotheses for the model and test the same.
i) Develop the relevant hypotheses for the coefficients table and test the same.
j) What assumptions are made in order to analyze this data?