5. An economist analyzes salaries in different departments. In a preliminary study, he selects a stratified random
sample of size 120 employees of a total of 1,250 employees of the three departments: Sales, Marketing and IT,
recording each salary . After processing the data, the results are presented in the following table: (2p)
Department
Sales
Marketing
IT
Number of
employees
35
45
40
Sum(monetary units)
24150
28800
31600
Std. Dev
151
160
200
a) Estimate the confidence interval of mean salary of a employee from total population, in the hypothesis of a
sampling without replacement and with a confidence level of 95% (z = 1,96);
b) At the .05 significance level, are there significant differences between mean wages of employees in the
three departments? (critical value:3.07).
6. The airline tickets sold by a travel agency during the period May 2014 December 2014
(2 p)
Month
Number of sold tickets
May
195
Jun
180
Jul.
200
Aug.
224
Sept. Oct.
242
240
Nov.
245
Dec.
252
a) Please identify the type of the time series and make a graphical analysis of the number of sold tickets (0,5p)
b) Please conduct an analysis of the given time series using the average indicators. (0,5p)
c) Adjust the values of the time series (the trend component) using the regression method and forecast the values
for the next two months (1, 0 p).
7. A real estate agent wants to determine the relationship between the price of the apartment and its area. He
considers that by using such an analysis he will improve his future activity. Using the data for the latest 12
apartments that were sold and the Microsoft Excel software (assuming a linear relationship between the above
mentioned phenomena and a 5% Significance level) he obtains the following output: (3 p)
Regression Statistics
Multiple R
......
R Square
0,914
Adjusted R Square
0,906
Standard Error
.
Observations
.
ANOVA
df
Regression
Residual
Total
SS
MS
.
................
.
.......
............ 392228,0646
.. 4558010,852
F
.
Significance
F
0,000001
Intercept
Area (sq. m.)
Coefficient
s
.
14,195
Standard Error
151,016
1,370
t Stat
2,259
.
P-value
0,052
0,0000011
Lower
95%
-3,922
.
Upper
95%
...............
17,24736
i 1
1
150
2
152
3
165
4
163
5
172
6
170
7
168
a) Specify the series type and build the appropriate chart (0.5p)
b) Characterize the evolution of printers stock using relative indicators (0.5p).
c) Estimate the values of trend component using the analytical method and forecast the evolution of the stock
for the next 3 months (1.0 p).
6. We have the following information regarding the size of 350 companies and their advertising expenditure for the
year 2014:
(2.0 pct)
Groups
Count
Small companies
Medium companies
Big companies
100
130
120
Variance
36
29
64
a) Knowing the data were collected using a stratified sampling procedure without replacement ( the sample
represents 5% of the entire collectivity), please estimate the average expenditure with advertising of a
company from the general population and also the total advertising expenditures of the entire population,
using a confidence interval and a confidence level of 95% (z=1,96);
b) Using the ANOVA analysis decide if there are significant statistical differences between the average
expenditure with advertising of the three type of companies (critical value: 3, 02).
7. For 19 employees we have collected the following data: number of years of experience and the number of daily
produced objects. Using Microsoft Excel and assuming that between the two variables we have a linear relationship
we have obtained the following output (Significance level 5%):
(3.0 pct)
Regression Statistics
Multiple R
.
R Square
0,740267
Adjusted R
Square
0,703163
Standard Error
.
Observations
......
ANOVA
df
Regression
Residual
Total
.
.
.
Intercept
Years of experience
SS
739,9384
.
.
MS
.
37,08817
Coefficient
s
.
1,6659864
Significance
F
0,00291271
Standard
Error
t Stat
P-value
5,908839 13,95131 0,0000023
4,466631 0,00291271
Lower
95%
.
.
Upper 95%
.
.