Business Statistics || Fall 2017 || Pokhara University

Very Short Answer Questions

Attempt all the questions.

10×2

sample of

23 banks for direct-deposit customers.

26,  28,  20,  20,  21,  22,  25,  25,  18,  25,  15,  20,  18,  20,  25,  25,  22,  30,  30,  30,  15,  20,  29

i)                    Place the data into an ordered array.

ii)                  Set up the stem – and – leaf display for these data.

Descriptive Answer Questions

Attempt any six questions

Days for which sales fall below $325 are classified as ’poor and those for which the sales exceed $775 are classified as ‘good’ days in 2002.

i.            Draw less than the cumulative frequency graph.

ii.            Use the graph to estimate the number of poor days.

iii.            Use the graph to estimate the number of good days.

b)      The hourly income of 320 workers of a company are given in the table as:

Find:

i.            The lowest income of the top 25% of workers.

ii.            The median income of the workers.

Compute IQV in both localities and interpret the results.

b)      The following table shows the survey results regarding the purchase behavior of Force TV and DVD players in the last six months of 300 households.

i.         Compute the marginal and joint probabilities of the data given.

ii.       What is the probability that they purchased a DVD player given that the household purchased a forced TV?

i)        The wife is watching television in prime time.

ii)      If the wife is watching television, the husband is also watching television.

b)      An office switchboard receives telephone calls at the average rate of 3 calls per minute on an average. What is the probability of receiving

i.            no call in one-minute interval

ii.            At most 3 calls in a 5-minute interval

i.            What percentage of these calls lasted less than 180 seconds?

ii.            What is the length of the calls if only 1% of all Calls are shorter?

b)      A political leader wants to estimate her popularity in a certain locality. A random sample of 600 people was taken and it was found that 280 were her supporters. Estimate the percentage of her supporters in the locality at 95% confidence level. What change would you find in the percentage of supporters if the confidence level was changed to 99%?

b)      Eight sales executive trainees are assigned selling jobs right after their recruitment. After a fortnight they have withdrawn their field duties and given a month’s training for executive sales. Sales executed by them in thousands of rupees  before and after the training, in the same period are listed below:

Do these data indicate that the training has contributed to their

Performance?

sample of 23 banks for direct-deposit customers who maintain a $ 100

balance and a monthly service fee ( in dollars ) for direct deposit

customers if their account fall below the minimum required balance of $

1500 for a sample of 26 banks.

Bounced check fee

26,       28,       20,       20,       21,       22,       25,       25,       18,

25,       15,       20,       20,       25,       25,       22,       30,       30,

30,       15,       20,       29,       18

Monthly service fee

            12,       8,         5,         5,         6,         10,       10,       9,

7,         10,       7,         7,         5,         0,         10,       6,

9,         12,       0,         5,         10,       8,            5,         5,

9

a)       List the five-number summary of the bounced check fee and of the monthly service fee.

b)      Construct the box-and-whisker plot of the bounced check fee and the monthly service fee.

c)       What similarities and differences are there in the distribution for the bounced check fee and the monthly service?

i.            Exactly 20 will choose ice cream for dessert?

ii.            Less than 20 will choose ice cream for dessert?

b)      The probability that the man will be alive 25 years is 2/3 and the probability that his wife will be alive 25 years 2/3. Find the probability that:

i.            Both will be alive.

ii.            At least one will be alive

Case Analysis

Mini Case 1 ( Measurement of players’ performance)

Quantifying individual player contributions’ to a team is an important yet difficult task in all team sports. Usually, there are several indicators available to measure player performances, which are based on different aspects of their contributions to the team. Unfortunately, these indicators are mostly related to each other in a manner that oftentimes causes difficulty in constructing an overall performance measure. The following data represents the score of four batsmen in the current IPL T20 2017. Rank the players according to their average run rate and consistency. Which batsman is more reliable? The team manager of the Mumbai Indians is in dilemma to select a more efficient and reliable player for the upcoming season. If you are the statistical consultant of Mumbai Indians which player would you recommend for the coming season? Why?

Mini Case 2 (Length of Stay of Chinese and Indian Tourist)

The tourism industry has experienced rapid and continuous growth in the last few years, making it one of the leading industries of the world. Tourism is seen as one of the key contributors to national development. The Nepalese tourism industry should be considered to be one of the most important foundations of national economic development and developed accordingly. So the national planning commission of Nepal set the objective: to contribute to the national economy by developing Nepal as one of the most attractive, scenic, and safe tourism destinations in the world, and to increase the flow of tourists both in quality and quantity through the promotion of tourism at the national and international levels and to distribute the benefits they bring justly. To increase the tourist follow in the country it is necessary to motivate and provide the satisfaction to them. It can be believed that satisfied tourists either revisit the same destination or increase their length of stay or recommend the tourist destination to their friends and relatives. As a result tourism industry will be expanded, which can offer opportunities to generate income for business providers and local communities who are living in the area of tourism sites. In the long run, it has a significant contribution to the National GDP. According to tourism statistics in Nepal 2015, Indian tourists ranked 1 and Chinese tourists ranked 2 (on the basis of tourist arrival in Nepal). There is a dilemma what is the length of stay of Indian and Chinese tourists separately. Some hotel owners of the lakeside Pokhara claimed that the average length of stay of Chinese is higher than the average length of stay of Indians. The manager collects the following information regarding the length of stay of some tourists to solve the dilemma but he is a novice, so he has no idea about hypothesis testing. Help him to solve the problem and suggest to him whether the claim of some hotel owner is valid or not.