THE COPPERBELT UNIVERSITY

SCHOOL OF GRADUATE STUDIES

GAF 530/GBS 541
CLASS WORK ONE
Essential Readings
Tailoka F.P. Study Guide for Business Statistics and Economics worksheet one pages 4 to 6
Tailoka F.P. Business Mathematics and Statistics Questions & Answers Level 1and 2 Fourth
edition Chapter 3&4, Chapter 9, pages 98 to 103
Tailoka F.P. Lecture Notes, Chapters 1,2&3.
Other Readings
Paul Newbold, William L. Carlson, Betty M. Thorne. Statistics for Business and Economics,
Chapter 1 & 2.
Alan Agresti, Christine Franklin. Statistics, The Art and Science of Learning from Data, Chapter
1 &2.
James L. Kenkel. Introductory Statistics for management and Economics, Chapters 1,2,3, &4.

EXAMPLE ONE
Classify the following variables as qualitative or quantitative. Then classify the qualitative and
the quantitative variables as discrete or continuous.
(a) The sex of a randomly selected person in a restaurant
(b) The number of individuals in a bus
(c) The time required to drive from home to work
(d) The age of a job applicant

TAILOKA FRANK P MBA Statistics/Quantitative Methods June 2019

 (e) The make of a car owned by an individual
EXAMPLE TWO
A teacher wanted to show the team how the departmental budget for stationary and reprographics
had been spent. The total budget was K480 as shown in the table below:
Category Kwacha (K)
stationery 240
Black & white printing 63
Black & white photocopying 58
Colour printing 29
Colour photocopying 30
Laminating 31
Binding 29

Construct
(i) A bar chart
(ii) A pie chart
EXAMPLE THREE
The Stop’n’ Go convenience store sold the following numbers of liters of milk during a sample
of 30 weeks:
36 39 49 45 27 26 34 41 61 53
28 46 54 50 31 40 48 42 35 39
44 52 41 47 35 55 60 30 46 38

(a) Graph the histogram.

(b) Construct the relative frequency.
(c) Construct the cumulative frequency distribution.
(d) Construct the cumulative relative frequency distribution and graph it.

TAILOKA FRANK P MBA Statistics/Quantitative Methods June 2019

 EXAMPLE FOUR
Using the figures given below calculate:
(a) The range
(b) The arithmetic mean
(c) The median
(d) The lower quartile
(e) The upper quartile
(f) The quartile deviation
(g) The mean deviation
(h) The standard deviation
(i) Coefficient of variation
(j) Coefficient of skewness
2 15 26 39 47
58 5 17 30 40
51 60 7 18 32
43 53 64 8 22
36 45 55 66 11

EXAMPLE FIVE
For the data in Example four construct a frequency distribution and calculate:
(a) The range
(b) The arithmetic mean
(c) The median
(d) The lower quartile
(e) The upper quartile
(f) The quartile deviation
(g) The mean deviation
(h) The standard deviation

TAILOKA FRANK P MBA Statistics/Quantitative Methods June 2019

EXAMPLE SIX
The Stop ‘n’ Go convenience store sold the following numbers of liters of milk during a sample
of 30 weeks.
36 39 49 45 27 26 34 41 61 53
28 46 54 50 31 40 48 42 35 39
44 52 41 47 35 55 60 30 46 38

(a) Put the data in order from lowest to highest.

(b) Construct a frequency distribution using class intervals 24.5 to 29.5, 29.5 to 34.5 and so
forth.
(c) Graph the histogram.
(d) Construct the relative frequency distribution.
(e) Construct the cumulative frequency distribution.
(f) Construct the cumulative relative frequency distribution and graph it.

EXAMPLE SEVEN
The following data show the number of years of education for a sample of 25 taxi drivers:
12 8 11 10 12 8 9 11 12 13
10 12 10 10 12 8 8 9 11 10
11 12 12 11 8

(a) Construct the bar chart.

(b) Construct a relative frequency distribution.
(c) Based on the bar chart, make an educated guess about the average number of years of
education in the sample.
EXAMPLE EIGHT
Refer to the data in Example seven,
(a) Compute the mean, median, and mode.
(b) Compute the range and interquartile range
(c) Compute the variance, standard deviation and coefficient of variation
(d) Using Z – score, state whether or not there are any outliers in this data set

TAILOKA FRANK P MBA Statistics/Quantitative Methods June 2019

EXAMPLE NINE
Using the solution obtained in part (b) of Example six
(a) Compute the mean, median, and mode.
(b) Compute the range and interquartile range
(c) Compute the variance, standard deviation and coefficient of variation

EXAMPLE TEN
Suppose a female bank executive believes that her salary is low as result of sex discrimination.
To try to substantiate her belief, she collects information on the salaries of her counter parts in
the banking business. She finds that their salaries have a mean of K17 000 and a standard
deviation of K 1000. Her salary is K13 500. Does this information support her claim of sex
discrimination?
EXAMPLE ELEVEN
Given the following temperatures of several objects in a room
{71,70,73,70,70,69,70,72,71,300,71,69}. Identify the outliers.

TAILOKA FRANK P MBA Statistics/Quantitative Methods June 2019