BUSINESS STATISTICS

PRACTICE QUESTIONS:
1) Heights of six students are 163, 173, 168, 156, 162 and 165cms. find the
arithmetic mean.
2) In order to find the average annual yield of coconuts per tree in a large
coconut plantation, 1470 trees were randomly chosen and the yield were
noted as below.
No of 120 130 140 150 160 170 180 190 200
coconuts
No of 15 78 273 369 341 207 133 43 11
trees
Find the mean yield per tree
3) The marks scored by the students of a class in an examination is distributed
as follows. Find the mean marks.
Marks 0-34 35-49 50-59 60-69 70-99 100
Students 8 27 14 13 17 3

4) The following is the frequency distribution of wages of workers of a factory.

Find the arithmetic mean.
Daily 80-100 100-120 120-140 140-160 160-180 Total
wages
No of 8 22 26 14 10 80
workers

5) The following are the marks scored by 8 students in an examination. Find

the median mark.
Percentage marks: 46 83 13 04 15 28 30 34
6) The following data relates to the number of apples per box in 100 boxes.
Find the median.
No of apples 120 121 122 123 124 125 126 127 128
per box
No of boxes 2 4 7 14 21 22 19 8 3
7) For the following distribution, find the median
Percentage 0-10 10-20 20-30 30-40 40-50 50-60 60-70 Total
of marks
No of 4 9 19 20 18 7 3 80
students

8) From the following data compute median.

Income More More More More More More
in Rs than 0 than than than than than
1000 2000 3000 4000 5000
No of 100 90 75 50 25 10
workers

9) On 330 successive days, voltage is measured on the power line and the data
are recorded as follows.
Voltage(volts) 214-218 218-222 222-226 226-230 230-234
No of days 15 37 86 164 28
Calculate the modal voltage (modal means mode)
10) Calculate mean, median and mode from the following data:
Marks: 67 76 82 44 60 71 54 66
11) Calculate mean, median and mode from the following data:
Age 20 30 40 50 60
(years)
60No of 2 5 8 3 2
persons

12) Calculate mean, median and mode.

C-I 0-10 10-20 20-30 30-40 40-50
Frequency 12 15 20 8 5

13) Calculate a mode value or modal value for the given data:
Marks obtained: 26 70 56 55 56 50 80 28 56 35
14) Calculate a mode for the following given observations:
X: 20 22 24 27 33 47 36 44 28
15) The following are the income of 7 workers per day calculate the
lower and upper quartile
X : 25 30 32 40 37 45 42
16) Calculate lower and upper quartile from the following data:

X 5 15 25 35 45 55 65
f 4 8 10 32 20 16 10

17) Calculate lower and upper quartile from the following data:
Age ( years) 0-2 2-4 4-10 10-20 20-40 40-60 60-100
Population 2 8 10 22 20 10 8

18) Calculate quartile deviation and coefficient of quartile deviation:

X: 36 43 30 37 38 35 29 38 35 32 35 36
19) Find out the value of quartile deviation and its coefficient from the
following data:

X 30 35 40 45 50 55 60
f 10 20 30 40 50 45 25

20) Calculate quartile deviation and coefficient value of the following

data:

C –I 0-10 10-20 20-30 30-40 40-50 50-60

f 5 13 21 25 30 8

21) Calculate standard deviation for the following data:

X: 10 12 15 18 20 23
22) Calculate standard deviation for the following data:

X 13 14 15 16 17
f 12 15 15 5 3

23) Calculate standard deviation for the following frequency distribution:

C –I 0-10 10-20 20-30 30-40 40-50 50-6- 60-70

f 5 10 15 20 15 10 5

24) Calculate median and mode of the following data:

 X Less 20 30 40 50 60 70 80
than
10
f 4 16 40 76 96 112 120 125

25) Find who is more consistant among two students A&B. find who is
better marks scorer and find who has more variable.
Marks 44 80 76 48 52 72 68 56 60 54
A
Marks 48 75 54 60 63 69 72 51 57 66
B

26) You are given below the daily wages paid to workers in two factories
X and Y find:
a) Which factory pays higher average wages?
b) Which factory pays more total wages?
c) In which factory are wages more variable?
Daily 50-60 60-70 70-80 80-90 90-100
wages
Factory X 30 60 90 40 20
Factory Y 40 70 100 20 10

27) The mean and standard deviation of two brands of bulbs are given
below:
Brand A B
Mean life 1000hrs 820hrs
S.D 100hrs 65hrs

28) Calculate mean deviation from mean and its coefficient:

Items 852 635 792 836 750

29) Calculate mean deviation from mean and its coefficient:

X 10 20 30 40 50
f 2 1 3 1 1

30) Calculate mean deviation from mean and its coefficient:

C-I 2-4 4-6 6-8 8-10
f 3 4 2 1
31) Calculate mean deviation from median and its coefficient:

X 2 4 4 3 2 4 1

32) Calculate mean deviation from median and its coefficient:

X 10 11 12 13 14
f 3 12 18 12 3

33) Calculate mean deviation from median and its coefficient;

C-I Less Less Less Less Less Less Less
than 10 than 20 than 30 than 40 than 50 than 60 than70
F 4 6 10 20 10 6 4

34) Calculate mean deviation from mode and its coefficient:

X 6 10 26 28 30 32

35) Calculate mean deviation from mode and its coefficient:

X 5 10 15 20 25 30 35 40
f 8 16 18 22 14 9 6 7

36) Calculate mean deviation from mode and its coefficient:

C -I 10-20 20-30 30-40 40-50 50-60 60-70 70-80
F 4 6 10 20 10 6 4

37) Calculate Karl Pearson’s coefficient of skewness:

X 25 15 23 40 27 25 23 25 20

38) Calculate Karl Pearson’s coefficient of skewness:

X 10 11 12 13 14 15
f 2 4 10 8 5 1

39) Calculate Karl Pearson’s coefficient of skewness:

Age (yrs) 0-2 2-4 4-6 6-8 8-10
No of 30 50 80 30 10
children
40) Calculate Bowley’s coefficient of skewness:
X 55 60 70 90 90 110 120 130 145 145 155

41) Calculate Bowley’s coefficient of skewness:

X 10 24 30 36 40 50 80
F 4 7 15 16 8 7 2

42) Calculate Bowley’s coefficient of skewness:

Marks 0-10 10-20 20-30 30-40 40-50
No of 2 7 10 5 3
students

43) Find out relation between X and Y:(don’t get confusion it is Karl
Pearson’s correlation problem)
X 30 29 29 25 24 25 23 21 18 15
Y 11 12 13 14 15 16 15 17 18 20

44) Compute mean, median and mode from the following:

Mid 115 125 135 145 155 165 175 185
values
frequency 9 25 48 72 116 60 38 22

45) Compute coefficient of correlation between X & Y for the following

data:
⅀x = 531
⅀y = 549
⅀xy =32437
⅀𝑥 2 = 31389
⅀𝑦 2 = 33541
N=9
46) Calculate rank correlation from the following data:
X 8 7 6 3 2 1 5 4
Y 7 5 4 1 3 2 6 8

47) Calculate rank correlation from the following data:

X 15 17 14 13 11 12 16 18 10 9
 Y 18 12 4 6 7 9 3 10 2 5

48) Calculate rank correlation from the following data:

X 18 28 35 44 35 26 37 48
Y 83 51 34 34 34 28 46 47

49) Given the following bivariate data:

X -1 5 3 2 1 1 7 3
Y -6 1 0 0 1 2 1 5
a) Fit a regression line of y on x and predict y if x =10
b) Fit a regression line of x on y and predict x if y = 2.5

50) Calculate for the following data relating to production and capacity
utilization:
Average Standard deviation
Production (in units) 35.6 10.5
Capacity utilization(in 84.8 8.5
⸓)
Correlation(r) = 0.62
a) Estimate the production when the capacity utilization is 70 percent
b) Estimate the capacity utilization to achieve the production of 50 lakh
units.
51) The marks scored by 50 students in an examination are given below.
Taking class interval of 10-20,20-30,30-40 etc., prepare a frequency table:
11 29 30 71 85 94 16 24 39 65
41 55 63 81 92 77 79 80 37 53
58 48 41 39 49 41 51 74 57 52
18 55 64 75 28 24 38 48 51 58
65 78 56 47 52 63 58 38 47 55
52) Construct Fisher’s ideal index number from the following and show
how it satisfies TRT and FRT:
Commodity price quantity
Base year Current year Base year Current year
A 20 25 10 12
B 9 16 20 25
C 4 14 12 16
D 12 35 7 17
53) Construct Fisher’s ideal index number and Marshall Edgeworth index
number from the following and show how it satisfies TRT and FRT:
Commodity 2009 2010
Price Value Price Value
A 10 70 11 121
B 5 45 10 50
C 6 30 5 45

54) Calculate cost of living index for the following data, using aggregate
expenditure method and family budget method:
Commodity Price Quantity
2011 2010 2011
A 10 15 15
B 8 12 20
C 20 24 10
D 32 40 5
E 15 20 6
F 12 18 2
G 8 10 1

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