HARANAHALLI RAMASWAMY INSTITUTE OF HIGHER EDUCATION HARANAHALLI RAMASWAMY INSTITUTE OF HIGHER EDUCATION

HASAAN-573201 HASAAN-573201
St St
1 year MBA C-2 Test 1 year MBA C-2 Test
SUB: Business Administration PAPER: Statistics for Management SUB: Business Administration PAPER: Statistics for Management
TIME: 1 HOUR MAX Marks: 25 TIME: 1 HOUR MAX Marks: 25
Part- A Part- A
I Answer any two from the following questions 2*10= 20 I Answer any two from the following questions 2*10= 20
1. The weekly wages of 1000 workers are normally distributed around a mean of Rs. 1. The weekly wages of 1000 workers are normally distributed around a mean of Rs.
7000 with a standard deviation of Rs 500 Estimate the number of workers whose 7000 with a standard deviation of Rs 500 Estimate the number of workers whose
weekly wages will be weekly wages will be
a). Between Rs 6900 and Rs 7200 a). Between Rs 6900 and Rs 7200
b). less than Rs 6900 b). less than Rs 6900
c). More than Rs. 7200 c). More than Rs. 7200

2. From the following data on price and sales of a commodity 2. From the following data on price and sales of a commodity
a) Estimate sales when price is Rs 80 per unit a) Estimate sales when price is Rs 80 per unit
b) Estimate the price when sale is 650 units b) Estimate the price when sale is 650 units
Price (Rs. Per unit) 90 85 92 100 90 85 88 90 Price (Rs. Per unit) 90 85 92 100 90 85 88 90
Sales in Units 610 700 630 500 600 800 800 780 Sales in Units 610 700 630 500 600 800 800 780

3. Explain the concepts of 3. Explain the concepts of

i) Joint Probability i) Joint Probability
ii) Conditional Probability ii) Conditional Probability
iii) Mutually Exclusive Event iii) Mutually Exclusive Event
iv) Independence of Two events iv) Independence of Two events

Part-B Part-B
II Answer any one from the following question. 1*5= 5 II Answer any one from the following question. 1*5= 5
4. What is Sampling? Explain Purposive (Judgement) sampling. 4. What is Sampling? Explain Purposive (Judgement) sampling.

5. In a café, the customer arrives at a mean rate of 2 per min. find probability arrival of 5. In a café, the customer arrives at a mean rate of 2 per min. find probability arrival of
customers in 1 minute using Poisson distribution. customers in 1 minute using Poisson distribution.
i) Exactly 5 customers i) Exactly 5 customers
ii) Less than 3 customers ii) Less than 3 customers
iii) At least 2 customers iii) At least 2 customers