: f University of Sri Jayewardenepura Faculty of Management Studies and Commerce Department of Decision Sciences Management Common Programme Year 1 - Semester II — End of Semester Examination (November 2016) DSC 1341/ DSC 1321: Business Statistics Answer all (05) questions Time: Three (3) hours AS Question One oe a) Explain briefly any two characteristics that can be used to describe a data set." ') Following table shows, the monthly sales (Rs.000') of two ice cream & cream” company, collected over a period of 10 months. ‘Outlet A [250 [285 [185 [200 [170 [185 [155 [190 [i is Outlet B [260 [265 [235 [285 [175 [255 [230 [245 (@ Compute mean and standard deviation of monthly sales fgP¥gch utlet. (ii) Which outlet has greater variation in the monthly c) Mean monthly salary paid to all employees i salaries paid to male employees is Rs.53900. 65, what is the mean monthly salary of the female is Rs.43500.Mean monthly defective, If two items from the lot were chosen at leat one item is non defective? of 10 parts, each of which has a 0.01 probability of‘Question Three 1) Blacronie components produned by 1 cetala process ae delivered le vaned of 6 Suppose the process produces 3% defective components and boxes are tested in random order. (i) What is the probability that a randomly selected box has only non-defective ‘components? ww What is the probability that a randomly selected box has at least 4 non-defective ‘com ? b) An insurance company receives on average 2 claims per week from a certain factory Find the probability that it receives: (i) more than 3 claims in jven week . 9 (ii) Jess than 3 claims in a given fortnight YS with ¢) “Marks scored by students in an examination are approximately Normal ‘a mean of 53,25 and a standard deviation of 15. ‘ GC ()) What percentage of students received marks more than iy (WA student with marks from 55 to 69 receives a 166 students received B grades, how many students sat for the exami Question Four 4) A bottling machine is used to fill 400m! A random sample of 28 bottles was used to investigate the botti ‘The mean and standard deviation of the volume of soft drink in the sample were found to be 401.Sml and Sml respectively. (i) Estimate the megn volume’ of soft drink in the bottles filled bottling Ms machine along standard error, a a ‘confidence interval forthe mean volume of soft drink in the this bottling machine and interpret it. Aw thie assumptions you made in pert (ii)? down the null and alternative crwth bio Clyde ose race machine Write down Type I and Type Il errors associated with this test, ) Teme seve pees 3% ef ema inept elQuestion Five 8) Ina survey, a team of doctors collected data on sleeping habits and happiness from a sample of 80 individuals who are above 15 years of age. They prepared a happiness index (Y) in order to determine the relationship between number of hours of sleep per day (X) and happiness. In the analysis of data, following summations were obtained. Ex =456, LY =468, Lx? =2976, Ly? =3308, Lxy = 3046, i. Assuming a linear relationship, compute the Pearson’s coefficient of correlation between X and Y and interpret it. ii, Use the least squares method to find the linear regression equation. |. Using a suitable coefficient, determine the adequacy of the linear regression model. iv. Estimate the happiness index when the number of hours of sleepis 6 per day. OS b) In the analysis of data, they have also obtained the followirig contingency table. ~~