Business Statistics

General Instructions:
The Student should submit this assignment in the handwritten form (not in the typed
format)
The Student should submit this assignment within the time specified by the exam dept
The student should only use the Rule sheet papers for answering the questions.
The student should attach this assignment paper with the answered papers.
Failure to comply with the above Four instructions would lead to reection of assignment.
Specific Instructions:
There are four !uestions in this assignment. The student should answer all the four
questions. "ar#s allotted $%%.
&ach !uestion carries equal mar#s ('( mar#s) unless specified explicitly.
Question 1
)* television is a Television manufacturing company. The company is located in +aini
,ndustrial area in -ttar )radesh where the state government has provided free land and other
industrial facilities. This has resulted in the cost reduction in operations.
The company has been in existence for about '% years and the owner of the company. )rafulla
*houdhary was quite satisfied with the quality and quantity of the output. The company employs
about /%% people and there has been no evidence of low morale among employees. "r
*houdhary is however. well aware of the need for high quality of picture tubes of televisions. So
he has recently introduced a new technology to produce picture tubes on one assembly line and
compared the new technology picture tubes average life with the old technology picture tubes.
The results are tabulated as follows0
+ew Technology picture
tubes
1ld technology picture
tubes
n$ 2 $%% n' 2 $%%
x$ 2 /%%%% hrs x' 2 /(%%% hrs
s$ 2 $'%% hrs s' 2 $3%% hrs
The company has suddenly started experiencing a significant fall in the sales in the last two
quarters. "r *houdhary is now worried about the situation and after a discussion with board
members he has decided to hire a new "ar#eting "anager. )* television has hired Sanay 4oli as
their new mar#eting manager who has ( years of experience after completion of his "56 from
,,)". 7e has speciali8ed in mar#eting management and firmly believes that advertisement could
have great impact on sales. 7e has designed ' advertisements 6 9 5 with his creative team.
"anagement believes that advertisement 6 is more effective than advertisement 5. 5ut to test the
effectiveness of these advertisements two test mar#et areas with virtually identical consumer
characteristics are selected.
6dvertisement 6 is used in one area and advertisement 5 is used in another area. ,n a random
sample of :% consumers who saw advertisement 6. $3 of them tried the product. ,n another
random sample of $%% consumers who saw advertisement 5. '' of them tried the product.
(a) 5y using the proper statistical methodology. test the hypothesis that new technology has
not resulted in any significant improvement in the quantity of output. -se a ;( per cent
level of confidence.
(b) <o you find sufficient evidence to show at a level of confidence of ;; per cent that the
advertisement 6 is more effective than advertisement 5= &xplain
Question 2
(a) Following are the mar#s of ' friends on 3 subects. &stimate the Ran# *orrelation
*oefficient.
Friend $ >( 3$ >( >: >> 3$ 3? >(
Friend ' :' :3 :( :% :; >' >: >'
(b) -nder what circumstances would it be appropriate to use 6rithmetic "ean. "edian. "ode.
7armonic "ean and @eometric "ean=
(c) The mean of mar#s in statistics of $%% students of a class was >'. The mean of mar#s of boys
were >(. while their number was >%. Find out the mean mar#s of girls in the class.
Question 3
(a) Aou are wor#ing as a purchase manger for a company. The following information has been
supplied to you by two manufacturers of electric bulbs0
Company A Company B
Mean ife (in !ours) 1"3## 1"2$$
Stan%ar% &e'iation (in !ours) $2 (3
Sample Si)e 1## 1##
Bhich brands of bulbs are you going to purchase if you desire to ta#e a ris# of (C=
(b) The number of automobile accidents per wee# in a certain city were as follows0
3. $'. '%. ?. ;. :. $(. $%. $?. '
6re these frequencies in agreement with the belief that accident conditions were the same during
this $% wee# period=
(c) The following data relate to mar#s obtained by '(% students in accountancy 9 mathematics
in an examination of a university0
Sub*ect Arit!metic Mean Stan%ar% &e'iation
Accountancy ?3 ?
Statistics (( (
*oefficient of correlation between mar#s in accountancy 9 mathematics is D %.3. Find two
regression equations and estimate the mar#s obtained by a student in statistics who secured (%
mar#s in accountancy.
Question +
(a) *ertain pesticide is pac#ed into bags by a machine. 6 random sample of $% bags is drawn
and their contents are found to weight (in 4g.) as follows0
(%. ?;. ('. ??. ?(. ?3. ?:. ?(. ?;. ?(.
Test if the average pac#ing can be ta#en as (% #g.
EEFor $% degrees of freedom the table Falue of t at (C level of significance 2'.''/. For ;
degrees of freedom the table Falue of t at (C level of significance 2'.':' For 3 degrees of
freedom the table Falue of t at (C level of significance 2'./%:G
(b) 6 researcher wants to determine whether or not there exists a relationship between the
incomes of salesmen and their educational bac#ground. For this purpose he has obtained
information as given in the following table on ?%% randomly selected salesmen0
,ncome +o <egree 5achelorHs
<egree
)@ <egree Total
Iow (( >> '3 $:%
7igh ?' >' :: $3%
Fery 7igh '/ /$ : :%
Total $'% $3% $%% ?%%
Find. is there any association between income of salesmen and their educational bac#ground.
E@iven chiJ square for / degree of freedom >.3$. for ? degrees of freedom ;.?; and for ( degree
of freedom $$.$G ($( "ar#s)