Business Statistics Sem 2

Roll No Name
17030521017 DSOUZA ANNABELLE Trimester: July2021- September 20

Examination: End Term Examinat
Programme code:
Programme:
MBA SM
Name of the Constituent College:
K. J. Somaiya Institute of Management
Course
Code: Name of the Course: Business Statistics
K. J. SOMAIYA INSTITUTE OF MANA

Vidyavihar, Mumbai- 40007
Subject: Business Statistics (MBA-IM
End Term Exam : MM 50
Time: 3 hours
Date: 27/09/21
Instructions
1. Attempt all any 5 questions and write final in Excel sheet only
2. Take assumptions wherever necessary and make a note of it.
3. Write interpretation in your own words, if interpretation of students is found same it would be conside
4. Naming convention Roll no-BS-MBA IMC
For office use only
Question MM Marks
Trimester: July2021- September 2021 1 10
Examination: End Term Examination 2 10
Trimester: I 3 10
Class: FY/SY/TY
(SVU 2021)
Name of the 4 10
the Constituent College: department/Section/C
MKG/FIN/OPER/ 5 10
maiya Institute of Management enter:
HR/DST/ECO/ Total 50 0
GENMGT/BA
Name of the Course: Business Statistics
K. J. SOMAIYA INSTITUTE OF MANAGEMENT

Vidyavihar, Mumbai- 400077
Subject: Business Statistics (MBA-IMC-Trim I)
End Term Exam : MM 50
Time: 3 hours
Date: 27/09/21
sheet only
note of it.
etation of students is found same it would be considered as a cheating case and no marks will be given.
Employee Name EmpID Gender Marital Status PayRate/Hour Position
Maria Gonzalez 1988299991 Female Separated 39 IT Support
James Cockel 1599991009 Male Single 15 Production Technician I
Jessica Bunbury 1504073368 Female Married 55 Area Sales Manager
Edward Buck 1504073313 Male Married 55 Area Sales Manager
Hannah Jacobi 1503072857 Female Divorced 21 Production Technician I
Michael Riordan 1502072711 Male Separated 55 Area Sales Manager
Susan Ferguson 1502072511 Female Married 20 Production Technician I
Michael Albert 1501072311 Male Divorced 54.5 Production Manager
Mildred Gentry 1501072192 Female Married 19 Production Technician I
Jasmine Onque 1501072180 Female Single 57 Area Sales Manager
Carl Desimone 1501072124 Male Married 20 Production Technician I
Lisa Galia 1501072093 Female Single 31.4 IT Support
Sade Smith 1501071909 Female Single 24.5 Production Technician I
Peter Robertson 1499902991 Male Married 22 Production Technician II
John Smith 1499902910 Male Divorced 56 Sales Manager
Lowan Biden 1412071844 Female Divorced 22 Production Technician I
Sneha Jhaveri 1412071713 Female Separated 19 Production Technician I
Giovanni Leruth 1412071660 Male Separated 55 Area Sales Manager
Donald Favis 1412071562 Male Single 58.2 Enterprise Architect
Jumil Turpin 1411071506 Male Married 49.1 Network Engineer
Ricardo Gonzales 1411071481 Male Married 55.5 Area Sales Manager
Lauren Peters 1411071406 Female Married 29 Production Technician II
Juan Gonzalez 1411071324 Male Married 29 Production Technician II
Ann Daniele 1411071312 Female Married 54.1 Sr. Network Engineer
Maruk Fraval 1411071302 Male Single 55 Area Sales Manager
Caitrin Strong 1411071295 Female Married 54 Area Sales Manager
Cayo Gonzalez 1411071212 Male Divorced 16 Production Technician I
Daniff Hernandez 1410071156 Male Married 40.1 Database Administrator
Taylor Sparks 1410071137 Female Married 16 Production Technician I
Courtney Wallace 1410071026 Female Married 33.5 Production Manager
Melinda Saar-Beckles 1410070998 Female Single 20 Production Technician I
Latia Costa 1409070567 Female Single 55 Area Sales Manager
Wilson Adinolfi 1409070522 Male Single 20 Production Technician I
Jeanette Tippett 1409070255 Female Divorced 24 Production Technician I
Elizabeth Meads 1409070245 Female Single 14 Production Technician I
Amy Dunn 1409070147 Female Single 51 Production Manager
Rose Ivey 1408069882 Female Single 16 Production Technician I
Josephine Bugali 1408069635 Female Separated 20 Production Technician I
Shenice Gold 1408069539 Female Single 17 Production Technician I
Patrick Moran 1408069503 Male Single 26 Production Technician II
Jenna Dietrich 1408069481 Female Single 55 Area Sales Manager
Dallas Leach 1408069409 Female Single 19 Production Technician I
Elijian Clukey 1407069280 Male Married 24.75 Production Technician I
Barbara Sutwell 1407069061 Female Single 14 Production Technician I
Lori Roby 1407068885 Female Married 39.55 Data Analyst
Thomas Murray 1406068403 Male Divorced 35.5 Data Analyst
Lenora Tejeda 1406068345 Female Married 28.75 Production Technician II
Donna Brill 1406068293 Female Married 20 Production Technician I
Ludwick Harrell 1406068241 Male Married 21 Production Technician I
Brigit McCarthy 1406067957 Female Single 26 Production Technician II
Marianne Eaton 1406067865 Female Married 17 Production Technician I
Haley Rivera 1405067642 Female Married 22 Production Technician I
Mathew Linden 1405067565 Male Married 22 Production Technician II
Desiree Tavares 1405067501 Female Married 15 Production Technician I
Bruno Rossetti 1405067492 Male Single 18 Production Technician I
Kissy Sullivan 1405067298 Female Married 55 Production Manager
Jordan Winthrop 1405067188 Male Single 29 Production Technician II
Kristen Squatrito 1405067138 Female Divorced 21 Production Technician I
Joanne Handschiegl 1405067064 Female Married 24 Production Technician I
Adeel Osturnka 1404066949 Male Married 16 Production Technician I
Sophia Theamstern 1404066739 Female Single 20 Production Technician I
Erasumus Monkfish 1404066711 Male Married 27 Production Technician II
Kara Harrison 1404066622 Female Married 20 Production Technician I
Courtney Beatrice 1403066194 Female Single 22 Production Technician I
Dianna Blount 1403066125 Female Single 27 Production Technician II
Lisa Cornett 1403066069 Female Married 15.75 Production Technician I
Shari Ngodup 1403066020 Female Separated 15 Production Technician I
Walter Immediato 1403065874 Male Married 42 Production Manager
Michelle Carter 1403065721 Female Single 55 Area Sales Manager
Cherly Robinson 1403065625 Female Married 16 Production Technician I
Ebonee Peterson 1402065355 Female Married 38.5 Production Manager
May Roberson 1402065340 Female Divorced 26 Production Technician II
Lynn Daneault 1402065303 Female Single 54 Sales Manager
Nicole Fancett 1402065085 Female Single 24 Production Technician II
Susan Exantus 1401064670 Female Married 48.5 Software Engineer
Sharlene Terry 1401064637 Female Single 55 Area Sales Manager
Louis Punjabhi 1401064562 Male Single 16 Production Technician I
Shana Maurice 1401064327 Female Married 20 Production Technician I
Valentin,Jackie 1312063714 Female Married 55 Area Sales Manager
Roxana Goyal 1312063675 Female Married 24 Production Technician I
Thomas Barbara 1312063507 Male Married 22 Production Technician I
Crimmings 1311063172 Female Single 19.75 Production Technician I
Michael Carey 1311063114 Male Single 20 Production Technician I
John Kretschmer 1311062610 Male Married 21 Production Technician I
Raul Garcia 1309061015 Male Single 19 Production Technician I
Joe South 1308060959 Male Single 53 Sr. Network Engineer
Debbie Mangal 1308060754 Female Married 23 Production Technician I
Jacquelyn Williams 1308060671 Female Single 16 Production Technician I
Melisa Gerke 1308060622 Female Divorced 22 Production Technician I
Nore Sadki 1308060535 Male Single 21 Production Technician I
Helen Billis 1308060366 Female Married 16 Production Technician I
Scott Whittier 1307060212 Male Single 23 Production Technician I
Karthikeyan Ait Sidi 1307060199 Male Married 62 Sr. DBA
Bonalyn Boutwell 1307060188 Female Married 34.95 Sr. Accountant
Rachael Baczenski 1307060083 Female Married 17 Production Technician I
Elijiah Gray 1307060077 Male Divorced 54 Production Manager
Emil Pelech 1307060058 Male Single 24 Production Technician I
Kayla Peterson 1307059944 Female Married 17 Production Technician I
Earnest Hankard 1307059937 Male Single 24 Production Technician II
DepartmenRace Diversity TermReason ManagerName
IT/IS White N/A - still employed Peter Monroe
ProductionWhite N/A - still employed David Stanley
Sales Black or African American Another position John Smith
Sales White N/A - still employed Lynn Daneault
ProductionWhite N/A - still employed Kissy Sullivan
ProductionWhite military Webster Butler
ProductionWhite N/A - still employed Janet King
ProductionBlack or African American N/A - still employed Michael Albert
ProductionWhite N/A - still employed Amy Dunn
IT/IS White N/A - still employed Eric Dougall
ProductionWhite N/A - still employed Ketsia Liebig
ProductionWhite Another position Kissy Sullivan
Sales Black or African American N/A - still employed Debra Houlihan
ProductionAsian N/A - still employed Ketsia Liebig
ProductionWhite N/A - still employed Kelley Spirea
Sales Black or African American N/A - still employed John Smith
IT/IS Black or African American hours Simon Roup
Sales White N/A - still employed John Smith
ProductionWhite more money Ketsia Liebig
ProductionBlack or African American career change Brannon Miller
Sales Black or African American N/A - still employed Lynn Daneault
Sales Black or African American N/A - still employed John Smith
ProductionAmerican Indian or Alaska Native N/A - still employed Brannon Miller
IT/IS Black or African American no-call, no-show Simon Roup
ProductionWhite N/A - still employed Brannon Miller
ProductionBlack or African American Another position Janet King
ProductionBlack or African American N/A - Has not started yet Kelley Spirea
ProductionWhite N/A - still employed Michael Albert
ProductionBlack or African American N/A - still employed Brannon Miller
ProductionBlack or African American Another position Kelley Spirea
ProductionBlack or African American N/A - still employed Kissy Sullivan
ProductionHispanic N/A - still employed Kelley Spirea
ProductionAsian return to school Kissy Sullivan
ProductionWhite N/A - Has not started yet Brannon Miller
ProductionAsian N/A - still employed Elijiah Gray
IT/IS White N/A - still employed Simon Roup
IT/IS Black or African American N/A - still employed Simon Roup
ProductionWhite Another position Elijiah Gray
ProductionWhite Another position David Stanley
ProductionAsian N/A - still employed Elijiah Gray
ProductionWhite military Kissy Sullivan
ProductionAsian N/A - still employed Webster Butler
ProductionTwo or more races Another position Webster Butler
ProductionWhite Another position Kissy Sullivan
ProductionBlack or African American N/A - still employed Janet King
ProductionWhite retiring Brannon Miller
ProductionWhite unhappy David Stanley
ProductionWhite return to school Amy Dunn
ProductionWhite N/A - still employed Amy Dunn
ProductionWhite N/A - still employed Elijiah Gray
ProductionAsian N/A - still employed Brannon Miller
ProductionAsian unhappy Janet King
ProductionWhite attendance Ketsia Liebig
ProductionWhite Another position Janet King
ProductionWhite return to school David Stanley
Sales White N/A - still employed Debra Houlihan
ProductionBlack or African American N/A - still employed Webster Butler
Software EBlack or African American attendance Alex Sweetwater
Sales Black or African American N/A - still employed Lynn Daneault
Sales Two or more races N/A - still employed John Smith
ProductionAsian N/A - still employed Kissy Sullivan
ProductionAsian unhappy Kissy Sullivan
ProductionWhite N/A - Has not started yet Michael Albert
ProductionBlack or African American N/A - still employed Kelley Spirea
ProductionAsian N/A - still employed Brannon Miller
ProductionTwo or more races relocation out of area Ketsia Liebig
ProductionWhite hours Elijiah Gray
ProductionWhite relocation out of area Michael Albert
ProductionWhite hours Webster Butler
IT/IS White career change Simon Roup
Admin OffiAsian N/A - still employed Brandon R. LeBlanc
ProductionHispanic Another position David Stanley
ProductionBlack or African American career change Webster Butler
RecruitmentSource EmpSatisfaction
Employee Referral 4
Employee Referral 5
Social Networks - Facebook Twitter etc 5
Employee Referral 5
Employee Referral 5
Billboard 3
Search Engine - Google Bing Yahoo 3
Employee Referral 3
Professional Society 3
Pay Per Click - Google 3
Vendor Referral 4
Employee Referral 3
Glassdoor 5
Diversity Job Fair 4
Billboard 3
On-campus Recruiting 5
Website Banner Ads 3
Vendor Referral 5
Employee Referral 4
Monster.com 3
Vendor Referral 5
Monster.com 3
Employee Referral 3
Billboard 2
Other 5
MBTA ads 5
Billboard 5
Glassdoor 5
Website Banner Ads 1
Monster.com 3
Employee Referral 4
Glassdoor 5
Employee Referral 5
Newspager/Magazine 5
Information Session 3
Billboard 4
MBTA ads 4
Word of Mouth 4
Billboard 4
Monster.com 4
Monster.com 3
Billboard 5
Other 2
Billboard 5
Glassdoor 3
Internet Search 5
Billboard 5
Monster.com 3
Employee Referral 3
Other 4
Other 3
MBTA ads 3
Employee Referral 3
Employee Referral 3
Word of Mouth 5
Company Intranet - Partner 3
Employee Referral 3
Gender Marital Status Race Diversity
Assume you are interning with Innovative Adve
Female Separated White sheet given in "HR" worksheet is given to you.
Male Single White Q1 Make Suitable diagram depicting (any 3) Ge
Female Married Black or African American Position ,Department, Race, Diversity and inter
Male Married White
Female Divorced White
Male Separated White
Female Married White
Male Divorced White
Female Married Black or African American
Female Single White Q1.1
Male Married White
Classes
Female Single White
Female Single White Male
Male Married White Female
Male Divorced Black or African American
Female Divorced Asian
Female Separated White
Male Separated Black or African American Gender - Frequency
Male Single Black or African American
Male Married White
Male Married White
Frequency
Female Married White 38
Male Married Black or African American
Male Single Black or African American Male
Female Married Black or African American Gender
Male Divorced American Indian or Alaska Native
Male Married Black or African American
Female Married White Interpretation:
Female Married Black or African American At Innovative Advertising Limited, there are more
Female Single Black or African American Female employees make up 62% of the total em
Female Single White Female employees are 60.5% more than the mal
Male Single White
Female Divorced Black or African American
Female Single Black or African American
Female Single White Q2.2
Female Single White
Classes
Female Separated Black or African American
Female Single White Single
Male Single Hispanic Married
Female Single White Divorced
Female Single Asian Separated
Male Married White
Marital Status - Frequen
45
37
Female Single Asian Marital Status - Frequen
Male Divorced Black or African American 45
Female Married White 37
Frequency
Male Married Asian
Female Single White
11
Female Married Asian Single Married Divorce
Male Married White Marital Status
Female Married Two or more races
Male Single White
Male Single White
Female Divorced White Interpretation:
Female Married White At Innovative Advertising Limited, majority of the
Male Married White Married employees make up for 46% of the total
Female Single White Together, these two major classifications make u
Male Married White Divorced employeed are third with a total of 11%
Female Single White
Female Single White
Female Married White Q3.3
Female Separated Asian
Classes
Male Married Asian
Female Single White White
Female Married White Black or African American
Female Married White Asian
Female Divorced White Hispanic
Female Single White Two or more races
American Indian or Alaska
Female Single Black or African American Native
Female Single Black or African American
Male Single White
Female Married White Race Diversity - Frequ
Female Married Two or more races
Female Married Asian
Male Married Asian 61
Female Single White
Frequency
Male Single Black or African American

Male Married Asian 21
Male Single White 11
Male Single White White Black or Asian 2
Hispanic
African
Female Married White American
Race Diversity
21
Freq
11
White Black or Asian 2
Hispanic
African
American
Female Single Two or more races
Female Divorced White Race Diversity
Male Single White
Male Single White Interpretation:
Male Married White At Innovative Advertising Limited, majority of the
Female Married Asian White employees make up for 62% of the workfo
Female Married Hispanic Asians are third with 11%, and the remaining div
Male Divorced White Hispanics make up 2%, Mixed raci individuals ma
Male Single Black or African American Overall, this company shows diversity, but it cou
Male Single White
interning with Innovative Advertising Ltd. and the data
HR" worksheet is given to you.
e diagram depicting (any 3) Gender, Marital Status,
ment, Race, Diversity and interpret your findings.
GENDER
Relative % Relative
Frequency
Frequency Freqency
38 0.38 38%
61 0.62 62%
99 1.00 100%
Gender - Frequency Gender - Relative Frequency %
61
Male
38 38% Female
62%
Male Female
Gender
ertising Limited, there are more female employees than males.

s make up 62% of the total employees whereas males make up only 38%.
s are 60.5% more than the male employees.
MARITAL STATUS
Relative % Relative
Frequency
Frequency Freqency
37 0.37 37%
45 0.45 45%
11 0.11 11%
6 0.06 6%
99 1.00 100%
Marital Status - Frequency Marital Status - Relative Frequency %
45 6%
11% Single
Marital Status - Frequency Marital Status - Relative Frequency %
45 6%
11% Single
Married
37%
Divorced
Separated
11
6
Married Divorced Separated
45%
Marital Status
ertising Limited, majority of the employees are married or single.

es make up for 46% of the total, and Single employees make up for 37%.
wo major classifications make up 85% of the workforce.
ed are third with a total of 11% and Separated employees are the smallest group at 6%.
RACE DIVERSITY
Frequency Relative % Relative

Frequency Freqency
61 0.62 62%
21 0.21 21%
11 0.11 11%
2 0.02 2%
3 0.03 3%
1 0.01 1%
99 1.00 100%
ce Diversity - Frequency Race Diversity - Relative Frequency %

3%
1%
2% White
Black or African American
Asian
11%
Hispanic
21 Two or more races
11 American Indian or Alaska
Black or Asian 2
Hispanic Two3 or 1
American 21% Native
African more races Indian or
62%
American Alaska
Native
Race Diversity
Hispanic
21
Two or more races
11 American Indian or Alaska
Black or Asian 2
Hispanic Two3 or 1
American 21% Native
African more races Indian or
62%
American Alaska
Native
Race Diversity
ertising Limited, majority of the employees are white.

make up for 62% of the workforce, followed by Black or African American employees at 21%
ith 11%, and the remaining diversity representation is very low.
p 2%, Mixed raci individuals make up 3% and American Indian or Alaskan Natives make up 1%
any shows diversity, but it could be greater, as white people are significantly more in number.
equency %
White
Black or African American
Asian
Hispanic
Two or more races
Native
Hispanic
Two or more races
Native
PayRate/Hour EmpSatisfaction Using Rate/Hr data prepare the detailed managerial report:
39 4 Q2 Calculate Mean and Median and comment on the skewness of data (Use
Graphical approach)
15 5
55 5
55 5
21 5
55 3 Mean Median
20 3 Pay Rate per Hour 30.75656565657 24
54.5 3 Employee Satisfaction 3.818181818182 4
19 3
57 3 Min 14
20 2 Max 62
31.4 4 Range 48
24.5 3 Interval size 5
22 5 No of Intervals 9.6
56 4
22 3 Pay Rate per Hour
19 5 Classes Bins Frequency
55 3 10-15 15 5
58.2 5 15-20 20 29
49.1 4 20-25 25 22
55.5 3 25-30 30 9
29 5 30-35 35 3
29 3 35-40 40 4
54.1 5 40-45 45 2
55 3 45-50 50 2
54 4 50-55 55 18
16 4 55-60 60 4
40.1 3 60-65 65 1
16 2 99
33.5 3
20 4
20 5
24 5
14 4
51 4 29
16 3
20 5 22
Frequency
17 5
18
26 4
55 1
19 3 9
24.75 4
5 4 4
14 5 3 2 2
39.55 5 1
10-15 15-20 20-25 25-30 30-35 35-40 40-45 45-50 50-55 55-60 60-65
Pay Rate per Hour
9
5 4 4
3 2 2 1
10-15 15-20 20-25 25-30 30-35 35-40 40-45 45-50 50-55 55-60 60-65
35.5 4 Pay Rate per Hour
28.75 3
20 4
21 3 PAY RATE PER HOUR:
26 5
17 3 -Looking at our calculations of mean and median above, we see that Mean >
Median for Pay Rate per Hour.
22 5 -This tells us that the data is positively skewed.
22 3 -Additionally, from the graph, we see that the tail of the curve is towards the
15 5 right, confirming the skewness of the data.
-There are more employees that are working at a lower hourly rate, and lesser
18 5 employees working at a higher rate.
55 4 -This means overall salaray of employees on average is in the low range of up to
29 3 25 per hour.
21 4
24 4
16 3
20 4
27 3
20 4
22 5
27 3
15.75 5
15 3
42 2
55 5
16 3
38.5 5
26 4
54 4
24 4
48.5 5
55 3
16 3
20 4
55 3
24 5
22 3
19.75 5
20 3
21 3
19 3
53 3
23 3
16 4
22 4
21 5
16 3
23 5
62 3
34.95 4
17 4
54 3
24 5
17 3
24 3
l report:
he skewness of data (Use either Numerical or
Employee Satisfaction
Classes Bins Frequency
0-1 1 1
1-2 2 3
2-3 3 39
3-4 4 26
4-5 5 30
99
39
30
26
18
4
1
0 50-55 55-60 60-65 3
11 2 3 4 5
4
1
0 50-55 55-60 60-65 3
11 2 3 4 5
EMPLOYEE SATISFACTION:
e see that Mean > -Looking at our calculations of mean and median above, we observe that
Median > Mean, implying that the data is negatively skewed.
-In the graphical representation, the tail of the graph is towards the left,
rve is towards the confirming negative skewness.
-In the graph, we see that Employee Satisfaction is concentrated more in the
urly rate, and lesser average and higher rating brackets of 3, 4 and 5, and very few employees have a
low satisfaction rating of 1 and 2.
he low range of up to -This tells us more employees are satisfied with their work.
Gender
Department Female Male Grand Total Using the knowledge of Prob
from HR Data:
Admin Offices 1 0 1 1. is from Production. What w
IT/IS 4 6 10 2. It is already known that Em
Production 46 26 72 3. joint probability of Male w
Sales 9 6 15
Software Engineering 1 0 1
Grand Total 61 38 99
Q1. The probability that a randomly selected employee:
Probability Type Calculation Final Ans
1. Employeeis from Production.

What will be implication of your
finding if you are working in HR
department. Simple Probability 72/99 0.727272727
2. Given that Employee is female,
find the probability of that she Conditional
works in sales Probability 9/61 0.147540984
3. Find joint probability of Male

working in production Department Joint Probability (26*38)/(38*99) 0.262626263
Q2. The probability that no resignations / 2 resignations are made in a quarter:
Mean (λ) 3 Q2 In addition, you are cur

Suppose that resignations f
No. of resignations per Quarter. Determine the
X per quarter
Q2.1The probability that no
X p(X) Q2.2The probability that 2
0 0.049787068367864 Answer to Q2.1
1 0.149361205103592
2 0.224041807655388 Answer to Q2.2
Q3. Determine the following assuming normal distribution:
Mean (µ) 30
Q3. Assume that Rate/hr is
SD 15 Rs. 15 . Determine the follo
X Pay Rate / Hour

3.1.The probability that rate
Probability Solution 3.2Determine the rate wher
Answer to Q3.1 P(X=15) 0.1587
P(X=30) 0.5000

3.1.The probability that rate
3.2Determine the rate wher
P (15<X<30) =
P(X=30) - P(X=15) 0.3413
Probability Solution
Answer to Q3.2 P(X) = 95% 5.32719559573
Using the knowledge of Probability theory find out the probability of a randomly sellected Employee
from HR Data:
1. is from Production. What will be implication of your finding if you are working in HR department.
2. It is already known that Employee is female find the probability of that she works in sales.
3. joint probability of Male working in production Department
Implication of Ans 1. for the HR Department:
Since HR sees that majority of employees are in production department, more workforce
means more salary to be paid. HR could analyse the workload of Production and decide if
their work requires as many employees or if costs can be reduced by hiring a smaller
workforce and possibly transferring employees to other departments.
Q2 In addition, you are curious to know about the average no. of resignations made per Quarter.
Suppose that resignations follow a Poisson distribution and that on average 3 resignations are made
per Quarter. Determine the following:

Q2.1The probability that no resignations are made in a quarter.
Q2.2The probability that 2 resignations are made in a quarter.
Q3. Assume that Rate/hr is normally distributed with an average of Rs. 30/hr and standard deviation
Rs. 15 . Determine the following:

3.1.The probability that rate will be between Rs.15 and Rs.30.
3.2Determine the rate where there is a 95% chance that total rate will be above this amount

3.1.The probability that rate will be between Rs.15 and Rs.30.
3.2Determine the rate where there is a 95% chance that total rate will be above this amount
n Sample Size 10
A famous advertising slogan claims that 2 out of 5 h
p Prob of Success 0.4 particular brands of butter. If this claim is valid and 1
q Prob of Failure 0.6 how many of these groups will contain 0, 1, 2, 3, 4, a
the two products? Assume that the capacity to disti
No of housewives who distributed so that Bernoulli trial conditions are sati
can distinguish
between the two
X products
X P(X) No. of Groups (1500)

0 0.0060466176 9
1 0.040310784 60
2 0.120932352 181
3 0.214990848 322
4 0.250822656 376 FINAL ANSWER
No. of housewives who
5 0.2006581248 301 can distinguish
6 0.111476736 167 0
7 0.042467328 64 1
8 0.010616832 16 2
9 0.001572864 2 3
10 0.0001048576 0 4
1500 5
dvertising slogan claims that 2 out of 5 housewives can distinguish between two
rands of butter. If this claim is valid and 15000 housewives are tested in groups of 10,
of these groups will contain 0, 1, 2, 3, 4, and 5, housewives who can distinguish between
ducts? Assume that the capacity to distinguish between the two brands is randomly
so that Bernoulli trial conditions are satisfied
FINAL ANSWER
No. of Groups
9
60
181
322
376
301
PayRate/Hour EmpSatisfaction
39 4 In order to check the relationship between rate given to the
15 5 employee per hour and employee satisfaction data is
collected.
55 5
1. Comment on the relationship between PayRate/Hour
55 5 EmpSatisfaction using correlation coefficient and draw a
21 5 Scatter Plot. Interpret your findings
55 3
20 3
54.5 3
19 3
57 3
20 2
31.4 4
24.5 3 Covariance -1.100835
22 5 Correlation Coefficient -0.077227
56 4
22 3
19 5 Relationship between Employee Satisfaction
55 3 Hourly Pay Rates
58.2 5 6
49.1 4
55.5 3 5
29 5
4
29 3
54.1 5 3
55 3
54 4 2
16 4
1
40.1 3
16 2 0
10 20 30 40 50
33.5 3
55 5
20 5
24 5
Covariance is negative indicating an inversely proportional relationshi
14 4 But since the value of covariance is irrelevant, we look at correlation.
51 4
16 3 The Correlation coefficient is negative (inversely proportional) and clo
to 0.
20 5 We know that a correlation coefficient between 0 and 0.39 indicates
17 5 weak correlation.
26 4
The negative sign indicates there is a negative correlation, which mea
55 1 that increase in one variable causes a decrease in the other or vice
19 3 versa.
24.75 4
14 5 Drawing conclusions from the graph, we see that the points on the
graph are not close together and do not seem to follow the direction
39.55 5 a single straight line. Hence we can also visually conclude that the
35.5 4 correlation between Pay Rate per Hour and Employee Satisfaction is
weak or almost non-existent.
We draw the conclusion that there is no real relationship between the

Pay Rate per Hour and Employee satisfaction, and both of these
variables are independent of each other. The company in question ne
Drawing conclusions from the graph, we see that the points on the
graph are not close together and do not seem to follow the direction
a single straight line. Hence we can also visually conclude that the
correlation between Pay Rate per Hour and Employee Satisfaction is
28.75 3 weak or almost non-existent.
20 4 We draw the conclusion that there is no real relationship between the
21 3 Pay Rate per Hour and Employee satisfaction, and both of these
26 5 variables are independent of each other. The company in question ne
to find other factors that might affect employee satisfaction, as the
17 3 hourly pay does not seem to make a significant impact.
22 5
22 3
15 5
18 5
55 4
29 3
21 4
24 4
16 3
20 4
27 3
20 4
22 5
27 3
15.75 5
15 3
42 2
55 5
16 3
38.5 5
26 4
54 4
24 4
48.5 5
55 3
16 3
20 4
55 3
24 5
22 3
19.75 5
20 3
21 3
19 3
53 3
23 3
16 4
22 4
21 5
16 3
23 5
62 3
34.95 4
17 4
54 3
24 5
17 3
24 3
e given to the
data is
Rate/Hour
and draw a
loyee Satisfaction and

y Rates
40 50 60 70
per Hour
proportional relationship.
we look at correlation.
ly proportional) and close
n 0 and 0.39 indicates
correlation, which means

e in the other or vice
hat the points on the

to follow the direction of
y conclude that the
mployee Satisfaction is
elationship between the

and both of these
ompany in question needs
hat the points on the
to follow the direction of
y conclude that the
mployee Satisfaction is
elationship between the

and both of these
ompany in question needs
ee satisfaction, as the
t impact.

Business Statistics Sem 2

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Roll No Name

17030521017 DSOUZA ANNABELLE Trimester: July2021- September 20

K. J. SOMAIYA INSTITUTE OF MANA

K. J. SOMAIYA INSTITUTE OF MANAGEMENT

Male Single Black or African American

Gender - Frequency Gender - Relative Frequency %

ertising Limited, there are more female employees than males.

ertising Limited, majority of the employees are married or single.

Frequency Relative % Relative

ce Diversity - Frequency Race Diversity - Relative Frequency %

ertising Limited, majority of the employees are white.

Q1. The probability that a randomly selected employee:

Probability Type Calculation Final Ans

1. Employeeis from Production.

3. Find joint probability of Male

Q2. The probability that no resignations / 2 resignations are made in a quarter:

Mean (λ) 3 Q2 In addition, you are cur

Q3. Determine the following assuming normal distribution:

Implication of Ans 1. for the HR Department:

X P(X) No. of Groups (1500)

We draw the conclusion that there is no real relationship between the

loyee Satisfaction and

ly proportional) and close

n 0 and 0.39 indicates

correlation, which means

hat the points on the

elationship between the

elationship between the

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