MB0040 & STATISTICS FOR MANAGEMENT

1 Distinguish between Classification and Tabulation. Explain the structure

and
components of a Table with an example.
Meaning of Classification and Tabulation
Differences between Classification and Tabulation
Structure and Components of a Table with an example

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10
2 (a) Explain Arithmetic mean.
(b) The mean wage is Rs. 75 per day, SD wage is Rs. 5 per day for a group
of 1000
workers and the same is Rs. 60 and Rs. 4.5 for the other group of 1500
workers.
Find the mean and standard deviation for the entire group.
(a) Explanation
(b) Solution
10
3 Mr. Arun and Mr. Bhandari play a game. If Mr. Arun picks up an even
number from
1 to 6, Mr. Bhandari will pay him double the amount equal to picked up
number. If
Mr. Arun picks up an odd number then he has to pay amount equal to
double the
picked up number. What is Mr. Aruns expectation?
4 The probability that an employee will get an occupational disease is
20%. In
a firm having five employees, what is the probability that:
i) None of the employees get the disease
ii) Exactly two will get the disease
iii) More than four will contract the disease
(i) Solution
(ii) Solution
(iii) Solution

5 Microsoft estimated that out of 10,000 potential software buyers, 35%

wait to
purchase the new OS Windows Vista, until an upgrade has been released.
After an
advertising campaign to reassure the public was released, Microsoft
surveyed 3000
buyers and found 950 who are still skeptical. At 5% level of significance,
can the
company conclude that the population of skeptical people had decreased?
Solution 10 10
6 Explain Chi-square test and the conditions for applying chi-square test
Meaning
Conditions