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KARACHI UNIVERSITY BUSINESS SCHOOL

UNIVERSITY OF KARACHI
FINAL EXAMINATION DECEMBER 2011; AFFILIATED COLLEGES
BUSINESS STATISTICS BA (H) – 451
BS – III
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Date: December 23, 2011 Max Marks 60
Instructions: Attempt any five Questions Max Time: 3hrs
Question paper will be returned along with the answer scripts
Q1) Differentiate between the following by giving the examples related to business field. (12)
i. Tabulation and Classifications
ii. Discrete and Continuous variables
iii. Qualitative and Quantitative variables
iv. Independent and dependent events
v. Arithmetic mean and mathematical expectations
vi. Multiple bar and subdivided bar diagrams

Q2) a) A study was made to determine the consumer preferences about the size of oil pack
(small, median or large) of particular cooking oil. (6)

S S S S S S M M S L S S L L M L
M S M M M L M L M M S S L S S M
L L M M S S M L S M M S M L L M
L L S S S M M L L L M L S M L M
Construct frequency table and find appropriate average. (6)
b) Calculate appropriate weighted aggregative index number for the following data.
Items 2009 2010 2009
Price Price Quantity(000)
Sugar 68 75 2.1
Wheat 37 45 4.5
Rice 70 85 3.2
Oil 105 120 1.9

Q3) a) Discuss the properties of normal distribution. (6+6)

b) In a day on the average 300 customer visited a particular super store with standard
deviation of 15. Assuming normal distribution, what is the probability that on any
particular day
i. Exactly 330 customer visited
ii. More than 275 customer visited
iii. Between 290 and 325 customer visited
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Q4) a) A Box contains 4 white balls and 3 black balls. Find the probability of selecting 2
white and 1 black balls if balls are selected one by one (6)
i) with replacement ii) without replacement
b) A machine produces chocolates. 10% of the chocolate are mis-shapes. What is the
probability from the next 10 chocolates produced by this machine? (6)
i) Exactly 4 are mis-shape
ii) Atleast 2 are mis-shape
iii) Calculate mean and variance number of mis-shape.

Q5) a) Discuss the properties of arithmetic mean. (3)

b) The following data represents share sold in a particular stock market in a year. (9)

No of share sold(00) 5--10 10--15 15--20 20--25 25—30 30—35 35--40 40—45
No of Days 17 21 34 40 42 70 46 30

a) Calculate Arithmetic mean and Median.

b) Calculate Coefficient of variance.
c) Comment on the shape of the frequency distribution of share market.

Q6) For the following data.

Plot sizes (in yard) 100 200 400 500 600 800 1000 1500 2000
Price (in millions ) 4 7 10 125 15 19 24 28 32

a) Construct scatter diagram on your answer script. (2)

b) Find regression line and predict the plot price when the plot size will be 300 yards. (4)
c) From the regression equation estimate the fixed price of the plot (1)
d) Find Product moment Coefficient of Correlation. (3)
e) Interpret regression coefficient and correlation coefficient (2)

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Table values from Standard normal distribution

Z -2.0 -1.66 -1.1 -0.66 +0.66 +1.1 +1.66 +2.0 2.6

P(Z<z) 0.0228 0.0485 0.1357 0.2546 0.7454 0.8643 0.9515 0.9772 0.9953

END OF PAPER

Note: Revised date for BS – III Money & Banking is December 30, 2011. There is no change in
timings.