ASSIGNMENTS

MB 0024
(3 credits)
Set 1
Marks 60
STATISTICS FOR MANAGEMENT

Note: Each Question carries 10 marks

1. What do you mean by classification? What are the different types of classification? What are
the different methods of classification? What do you understand by tabulation? What are the
basic differences between classification and tabulation?
2. What do you understand by frequency and frequency distribution? What do you understand by
class-intervals? What do you understand by mid-value? Make a frequency distribution with 5
classes from the following data:
13 15 18 26 55 54 34 65 54 47 39 28 90 23 55 45 67 34 67 87 23 56 76
80 92 83 82 45 67 87 77 66 34 43 56

3. What do you understand by the multiple bar diagram? Prepare a multiple bar diagram from the
following data:

Year 1999 2000 2001 2002 2003 2004 2005

Rice Yield (M-Ton) 199 201 300 250 352 325 366
Wheat Yield (M-Ton) 225 300 250 230 190 201 325
4. What are the objectives of a good average? What are the requisites of a good average? What
are the properties of the arithmetic mean? Find the mean of the following data:
Salary Rs 2256 2890 3000 3490 4800 5500
Employees 7 29 38 18 7 2

5. What do you understand by probability? Describe

• Experiment
• Random Experiment
 • Sample Space
• Event
• Equally Likely Events
• Mutually Exclusive Events
• Exhaustive Set of Events
6. What is Bernoulli distribution? What do you understand by the Binomial distribution? What
are the assumptions under which the binomial distribution can be applied?
 ASSIGNMENTS
MB 0024
(3 credits)
Set 2
Marks 60
STATISTICS FOR MANAGEMENT

Note: Each Question carries 10 marks

1. What do you understand by table? What are the different parts of a table? What are the
different types of table? Describe different types of table with example.
2. What do you understand by cumulative frequency? What do you understand by the more-than
type and the less-than type frequencies? Prepare a cumulative frequency distribution table from
the following data with 5 classes:
14 25 28 27 45 51 24 55 53 37 49 38 91 43 56 46 68 35 62 81 21 55 71
81 93 82 83 46 66 82 73 46 31 41 53

3. What do you understand by component bar diagram? Give an example of component bar
diagram. What is the difference between bar diagram and histogram? What do you understand by
frequency polygon? Give an example.
4. What do you understand by median? What are the merits and demerits of median as a measure
of central tendency? What do you mean by Mode? What are the merits of mode? What do you
mean by geometric as well as harmonic mean?
5. What do you understand by conditional probability? Describe the Baye’s Theorem. What are
the differences between Baye’s Probability as well as general conditional probability? What is
random variable?
6. What are the differences between the point estimate as well as the interval estimates? Describe
the different criteria for a good estimator. What so you understand by the confidence intervals?