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ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD (Department of Statistics) WARNING 1. 2. PLAGIARISM OR HIRING OF GHOST WRITER(S) FOR SOLVING THE ASSIGNMENT(S) WILL DEBAR THE STUDENT FROM AWARD OF DEGREE/CERTIFICATE, IF FOUND AT ANY STAGE. SUBMITTING ASSIGNMENTS BORROWED OR STOLEN FROM OTHER(S) AS ONE’S OWN WILL BE PENALIZED AS DEFINED IN “AIOU PLAGIARISM POLICY”. Course: Statistics for Management (5412) Level: Associate Degree in Commerce Total Marks: 100 Semester: Autumn, 2016 Pass Marks: 50 ASSIGNMENT No. 1 Q.1 a) b) i) Differentiate between Descriptive statistics and Inferential Statistics with examples. (10) ii) Discuss the types of Data in statistical analysis. Graph the following data showing the areas in millions of square miles of the oceans of the world, using a pie-chart: (10) Ocean Area Q.2 a) b) b) Atlantic 41.2 Indian 28.5 Antarctic 7.6 Arctic 4.8 Differentiate between the following terms with examples:(10) i) Arithmetic mean and Median ii) Quartiles, Deciles and Percentiles iii) Combined mean and Weighted mean The following distribution shows kilowatt-Hours of Electricity used in one month by 65 residential consumers in a certain locality of Islamabad. (10) Calculate the Mean, Mode and P50 of electricity consumption. Consumptions No of Consumers Q.3 a) Pacific 70.8 9-13 4 14-18 6 15-19 14 20-24 22 25-29 14 30-34 5 Differentiate between absolute measure of dispersion and relative measure of dispersion with examples. (10) A manufacturer of television tubes has two types of tubes A and B. The tubes have the following mean life times and variances: (10) Tube A B Mean 1495 1895 1 Variance 78400 96100 i) ii) iii) iv) Q.4 a) b) Find the Co-efficient of Variation for both types of tubes Which tube is more consistent and why? Which tube has greater absolute dispersion? Which tube has greater relative dispersion? Discuss Mean deviation (M.D), quartile deviation, standard deviation, coefficient of M.D and coefficient of variance with example. (10) Find median, third quartile, D5 and 45th percentile from the following data: (10) Marks Frequency Q.5 a) b) 30-39 4 40-49 8 50-59 11 60-69 24 70-79 32 80-89 25 90-99 7 Differentiate between Skewness and Kurtosis along with examples. Also discuss their uses. (10) An exercise physiologist measured the heart rates of 20 people who had been placed on a long distance running program. A frequency distribution of these rates is display below: Rate (X) f 67 1 68 1 69 3 70 5 72 8 75 2 Compute the sample standard deviation (S.D) and coefficient of variation (C.V) of the heart rates. (10) ASSIGNMENT No. 2 Total Marks: 100 Q.1 a) b) Q.2 a) b) Pass Marks: 50 Explain the terms: Point Estimate and Interval Estimate, Type-I Error and Type-II Error, estimate and estimator, test static, power of test. (10) A random sample of 20 students was taken in two sections A & B of “Statistics and Probability” class. The sample from section A had an average marks of 8 and a standard deviation of 2 in midterm exam. The sample from section B had an average marks of 12 and a standard deviation of 4 in midterm exam. Test whether there is significant difference between the mean marks of sections A & B. Use a 5%level of significance. (10) Discuss the general steps for testing of two populations mean. Explain application of t and Z test with examples. (10) It is claimed that a new diet will reduce a person’s weight by 5 Kg on the average in a period of 3 weeks. The weights of seven women who followed this diet were recorded before and after a 3-weeks period. Test the manufacturer claim. Use a 0.05 level of significance. (ii) Also compute 95% confidence interval for ( 1 – 2 ). (10) 2 Weight due to old diet Weight due to new diet Q.3 a) b) Q.4 a) b) b) 60.3 54.9 61.7 58.9 69.0 62.3 64.0 59.5 62.6 60.4 56.7 54.4 Discuss testing procedure of equality of two population proportions with examples. (10) In a random sample of 2000 adults from the population of AIOU, 1400 are found to be smokers. In a random sample of 1,000 adults from UAAR, 700 are smokers. Do the data indicate that the universities are significantly different with respect to the prevalence of smoking among men? (10) Explain: Deterministic Model and Probabilistic Model, Regression and correlation, independent variable and dependent variable, intercept and slope, r and r2. (10) The following G.P.A.’s for ten students are available. Find the equation of regression line and interpret the results. (10) High school GPA First year college GPA Q.5 a) 58.8 60.0 3.0 2.6 2.7 2.4 3.8 2.6 3.9 2.1 3.2 3.4 2.5 3.2 2.8 3.1 2.3 3.2 3.5 3.3 2.8 2.6 What is index numbers? Differentiate b/w simple and composite index numbers. (10) The following table gives the prices and quantities for four commodities produced by a company. Taking 1980 as base year, compute Laspeyre’s, Paasche’s and Fisher ideal price index numbers. (10) Article A B C D Quantities (100kgs) 1980 1985 130 150 110 98 85 105 72 80 3 Prices (Rs.) 1980 1985 50.50 55.00 75.25 80.25 100.50 110.45 58.44 60.25