Total No. of Questions—5] (Total No. of Printed Pages—8 Seat Ne [49691-2005 B.BM. (LB. (Second Semester) EXAMINATION, 2016 BUSINESS STATISTICS (2013 PATTERN) ‘Time : Three Hours Maximum Marks : 80 NB. = (i) All questions are compulsory. (ii) Figures to the right indicate full marks. (iit) Use of calculator is allowed. (iv) Graph paper will be supplied on demand. 1. Attempt each of the following [5 each] (a) What do you mean by # frequency distribution ? Describe Tess ‘than and more than cumulative frequeney distributions with the help of examples, () Define arithmetic mean and state its two merits and two demerits (©) A manufacturer makes two typs of lamps ‘A’ and ‘B’ requiring treatment by a cutter and a finisher. Lamp ‘A’ requires 2 hours of cutters time and one hour of finisher's time. Lamp ‘B’ requires one hour of eutter’s time and 2 hours of finisher's time, The cutter has 104 hours and finisher has 76 hours of available time. Fach month, profit on one lamp ‘A’ is Rs 6 and on lamp ‘R’ is Rs. 11. Formulate the problem as Linear Programming Problem (LPP). PTO.(d)_ Represent the following frequency distribution of by frequency polygon: Weekly Expenditure Number of Persons on_petrol_(in_Rs.) 150—200 oT 200-250 2 250-300 37 300-350 350—400 2. (A) The following data relates to the purchase prices in Rs. (X) and selling prices in Rs. (Y) of 8 items 0) x Y 2 52, 32 64 58. a 35 87 41 2 16 36 36 60 52 76 (@® Calculate correlation coefficient between X and Y and interpret it. ii) Find the equation of regression line of Y on X. (iii) Estimate the selling price when purchase price is Rs. 65. (49691-2005, 2B) 3. (A) Or (a) The mean weekly salary paid to 300 employees of a firm is Rs. 14,700. There are 200 male employees and remaining are females. If mean salary of males is Rs. 15,050, find the mean salary of females i) (b) Solve the following LPP by graphical method (61 Max. Z = 40x + 100y Subject to 12x + 6y $ 3000 4x +10y < 2000 2x+3y £900 x y20 Describe simple random sampling with replacement and simple random sampling without replacement with one illus- tration each, (51 A purchasing agent received samples of Manila Envelopes from two suppliers, He tested samples in his own laboratory for tearing weight and gave the following information : [4969)-2005 Tearing Weight | Sample from | Sample from (in_Ibs) company A company B 50-60 03 10 60-70 a2 16 70—80 22 36 80-90 os. 08 3 PLO.(@® Which company’s envelope has more tearing weight on an average? Justify. (ii) Which company’s envelope is more consistent with respect to tearing weight ? Justify. (20) Or (a) Given two regression lines 4x ~ 5y + 38 = 0 and 20x - Gy — 107 = 0 (Identify the equation of line of regression of y on x and x on y. (ii) The means of x and y Git) Find the regression coefficients of x on y (bxy) and y on xbyx). (61 (b) The weekly expenditure of families is given below = Expenditure No. of Fami 200-300 4 300100 a 400500 a 500-600 - 600—700 6 ‘ind the missing frequeney if the mode of the distribution is 460. [4] (B) Define Karl-Pearson’s correlation coefficient between two variables. Also describe positive and negative correlation with one illustration each. (6) (49691-2005, 44 [4968]-2005 rN) @ () The following data relates to the quantity of goods handled in metrie ton by local transport operations + (51 Quantity of Goods No. of Days handled (metric tons) Below35 14 35-37 62 3739 99 39-41 18 4143 o7 Find quartile deviation for the above frequeney distribution The proprietor of the goodwill tyres Co. kept a record of the number of car tyres of each brand that were sold during a year. The data is as follows : Brand No. of tyres sold Dunlop 280 Modi 270 Firestone 200 Ceat: 190 Good Year 160 JK 100 Represent the above data by Pie-diagram. (5) 5 PTO.Or (a) Heights in ems of 30 students are given below : 163, 168, 161, 172, 154, 161, 152, 158, 171, 148 156, 152, 164, 147, 145, 151, 152, 151, 154, 145, 159, 153, 159, 156, 146, 162, 153, 165, 162, 151 Prepare continuous frequency distribution by taking classes as 144-149, 149-154 ete. for the above data. bl (b) The following is the frequency distribution of number of misprints in a book of 100 pages : (51 No. of Misprints (X)| No. of Page () 0 20 1 B 2 81 3 2 4 3 5 1 Find average number of misprints per age using : (i) Arithmetic mean (i) Median (ii) Mode (B) Explain absolute and relative measures of dispersion. [5] [4969]-2005, 65. (A) (A) [49691-2005 @ Oo) Solve the following LPP by graphical method : [6] Min, Z = 6000x + 4000y Subject to: 3x +y 224 x ty 216 2x + 6y 248 nye Suppose 50 values are stored in cells Al to A50 of MS- Excel worksheet. State fimetions with syntax in MS-Excel to compute: (Arithmetic mean (ii) Mode (ii) Variance and (iv) Standard deviation [4] Or Attempt each of the following [2 each] @ ) © @ © Define the terms population and sample. For a certain data, if m = 10, ¥x= 120 and variance (x) = 9, then find coefficient of variation. ‘The following are the prices (in Rs.) of shares of a company on 6 consecutive days. Compute coefficient of range 200, 210, 208, 160, 220, 250 Define the terms attribute and variable. Are the data n = 10, x7 =500, ¥ =8 consistent ? Justify your answer. 7 P.T.O.B) [49691-2005 Define the following terms : 15) @ Class limits of a class (ii) Class boundaries of a class (ii) Class mark of a class (iv) Class width of a class () Open end class