Third Year B.B.A. (Hons) First Semester Final Examination 2005 Management o!

rse " #$% (Statisti&s 'or B!siness ( ))) F!ll Mar*s ( +0 Time ( % Ho!rs [N. B. All questions are of equal value. Answer any five of the following questions.] 1. a. . !. Explain the utility of random experiment. A !oin is tossed three times. "rite the sample spa!e for this random experiment. $rofessor %ossain needs two assistants to help him with a s!ien!e demonstration for his la oratory of 1& males and 12 females. %e randomly !hosen one assistant who !omes to the front of the la . %e has een !hosen a se!ond assistant from those still waiting. "hat is the pro a ility that oth assistants !hosen are males' )uppose that in an industry the wee*ly in!ome of employees follows a normal distri ution with mean +*. ,--- and standard deviation +*. 1---. "hat is the pro a ility that a randomly sele!ted employee earns etween +*. ,--- and +*. &--- wee*ly' .ifferentiate etween one/tailed and two tailed test. 0rom the following data test whether the differen!e etween mean s!ores of the oys and girls is signifi!ant. Mean Standard ,e-iation .!m/er Bo0s 121( #& 1irls 12( 1# #1 +he ta le given elow shows the data o tained during out rea* of +B. Atta&*ed .ot Atta&*ed Total 2a&&inated 1 11 1& .ot 2a&&inated & 2 12 Total 1( 1, #+est the signifi!an!e of va!!ination in preventing the atta!* from +B. +est your result with the help of 2 at (3 level of signifi!an!e. .efine Analysis of 4arian!e 5AN64A7. "hat are the statisti!al assumptions underlying analysis of varian!e' 0ive varieties of potato are sown and ea!h variety is treated with four different fertili8ers. +he yields are shown elow9 2arieties o' Fertili3er 2arieties o' 4otato $ 2 # % $ 112 1# 11 2 1( 111 1# # 2111 : % 2# 11 12 10ind9 i7 is the differen!e among varieties of potato signifi!ant' ii7 is the differen!e among varieties of fertili8er signifi!ant' .efine index num er. "rite some uses of index num er in usiness. "hat do you mean y time reversal and fa!tor reversal tests' )how that 0isher;s ideal method of index num er satisfies the fa!tor reversal test. <sing the following data !ompute 0isher;s pri!e index num er ta*ing the year 2--- as ase= ommodit0 Year 2000 Year 200$ 5ri&e (T*) 6!antit0 5ri&e (T*) 6!antit0 A 1( 1( 22 12 B 2( 21 2 2 11 ( .efine time series with example. 0it a straight line trend y using the method of least squares to the following data9 Year $7+2 $7+# $7+% $7+5 $7+8 $7+9 $7++ 5rod!&tion (in 12 112 11 1# 1( 1, tones) 2 # (

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>al!ulate the trend values and estimate the li*ely produ!tion for the year 1::(. .ifferent units of hourly produ!tion in an industry for different num er of wor*ers are given elow9 .!m/er o' :or*ers 112 12 1, ;nits o' 4rod!&tion 2( #2 2(<sing appropriate interpolation formula estimate the units of produ!tion if the num er of wor*ers is 1(. "hat do you mean y statisti!al quality !ontrol' .is!uss its importan!e. .efine the following terms used in statisti!al quality !ontrol. i7 >ontrol >hart ii7 >ontrol limits. +he following data are the result of life on 1- samples of , fluores!ent lamps ea!h. +he values are in hours. Sam4le .o. Mean (<) =ange (=) 1 22-: 2(2 2#&#:# 2(,2&2 #2:##( ##,2,, #2(#&1 #2&2-& ##:22: 222#212#&( (1?s the pro!ess in a state of statisti!al quality !ontrol' "rite short notes on any four from the following9 a7 )tatisti!al $ro a ility9 7 >omponents of line series9 !7 @uantity index num er9 d7 Binomial distri ution9 e7 >onditional pro a ility.

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