QTBD Assignment 1

Answer 1.Following bar chart represents the given data.

Figure 1: Flow of funds of international Airports Authority during financial year 2001-04

Answer 2.Frequency table of

Number Frequency number of letters response
0 22 received per day by the
1 16 advertising company is as
2 8 follows.
3 2
Table 1 4 0
5 2
Figure 3 represents pie
diagram represents distribution of oceans in world and the respective area

Figure 2: Area of oceans of world

Answer 3.Variation of percentages that a insurance company charge for an insurance with
respect to the maturity is studied under two heads. Figure 4 represents variation of
charges for initial expenses with variation of maturity period. This graph shows that as
maturity period increase all the companies tend to charge less towards initial processing
fees. Insurance with one year maturity period is charged from 7.4% to 3.5% where as that
of long term like that with 30 years for maturity is charged only 2.6% to 1.2%. people.
Figure 3 Variation of charge for initial expenses with maturity period
 QTBD Assignment 2

Case Study

Answer 1.If we take that the company does not have any knowledge regarding its customers
than we need to go with random sampling of the population. But as it seems that the data
regarding customer population is known and can be classified into strata. So it would be
advisable to use stratified sampling on population that can be conveniently reached by
respective samplers. Target population would any way be residents near the plant,
customers who are still buying the products, may be employees as it seems to do
something with the company’s reputation. Sampling plan would depend on knowledge
and wanting of the company to accommodate different sets of people.
Answer 2. There can be two ways of distribution of the strata. Initial the whole population
could have been divided to strata depending on internal to the organization and other
external to the organization. Internal population could be re-stratified to present
employees and past employees or maybe depending on the age groups. Where as the
external population can be stratified depending on age, neighborhood to the plant and
major or minor group depending different social and economic demographics. Above
division of strata would make sense in this case as the company was concerned of its
goodwill and the sampling was done basically to know ways to win the same.
Answer 3.Given that the population proportion of the US public that believed in Shell as a
premier company is 12% and the proportion of randomly selected sample believed is
25%. It is also given that the sample size is 350. To get the normalized value of the
variable we use the formulae z= p-pp(1-p)/n
Here

z = normalized variable p = proportion in the given sample

p = proportion in the given sample
n = number of samples considered in the sample population / size of sample population
Substituting we have
z=(.13)/.12*.88350 =.13.3249*350 =7.48
The value of ‘z’ obtained shows that there is very less possibility for existence of such a
population.
Answer 4.In this population of 35 members given mean is 2 where as the population mean
is 1.8 and standard deviation is 0.7.so the normalized variable ‘z’ is given by following.
z=(x-μ)(σ/n)=(2-1.8)(.7/35)=1.69 This shows that value of ‘z’ is well outside 90%
band but inside 95% and thus relative occurring of this sample will be quite low.
Similarly for sample mean of 2.5. z=(2.5-1.8)(.7/35)=5.91 This value of z shows that
a sample population with mean 2.5 is almost impossible.