BUSINESS STATISTICS

ASSIGNMENT-1
NAME-MEHAK
VASUDEVA
COURSE –B.COM(H)
SECTION-D
ENROLLMENT NO:-300

QUESTION:
Find the measure of central tendency from
the following data and also compute the
variance and standard deviation from the
following data:
Age Frequency
64 3

65 1

66 1

67 2

68 2

70 2

SOLUTION:

x̄
(x- )^2.F
 X F x.f Cf x-x̄ (x-x̄)^2

64 3 192 3 -2.6 6.76

20.28
65 1 65 4 -1.6 2.56 2.56
66 1 66 5 - 0.6 0.36 0.36
67 1 67 6 0.4 0.16 0.16
68 2 136 8 1.4 1.96 3.92
70 2 140 10 3.4 11.56 23.12
Total 10 666 50.4

x̄ = (Σ fi xi ) / f
x̄ =666/10
x̄ =66.6
Median= (N+1)/2
Median= (10+1)/2
Median= 11/2
Median=5.5th item
Median=6
Mode= 64 (because , most commonly
occurring value is 54).
Variance= Σ(x-x̄).f/f
Variance=50.4/10
Variance=5.04
Standard deviation=√variance
Standard deviation=2.24
Coefficient of variation= (S.D/mean x 100)
Coefficient of variation= (2.24/66.6x100)
Coefficient of variation=3.36

QUESTION 2-
 X Y X^2 Y^ XY
2
r= 6(56)-
1 3 1 9 3
(12)x(25)/√6
1 3 1 9 2 (28)-
2 4 4 16 8
2 5 4 25 10
3 5 9 25 15
3 6 9 36 18
TOTAL 12 25 28 115 56
(144)x6(115)-625
r= 336-300/√168-144x(690-625)
r= 36/√24x65
r= 36/39.5
r=0.91
 correlation between x and y
7
6
5
4
x

3
2
1
0
0.5 1 1.5 2 2.5 3 3.5