MBA I SEM

MB 0040

Unit-1

Statistics for Management

1) In which of the following situation would you like to use statistics?

a) Buying a house c) Investing funds in several options b)Purchasing medicine prescribed by Doctor d) Attending relatives marriages A)Both a and c C) All of these B)Both b and d D) None of these 2) Actuarial science deal with a) The calculation of population of growth c) the calculation of Insurance premium and dividend b) The calculation of death rate d) the calculation of birth rate 3) ________________ defined Statistics as The science of estimates and probabilities? a) Croxton and Cowden c) Prof. Horace secrist b) A. L. Boddingtons d) Mr. Lee 4) According to _____________ Statistics is the science of collection, interpretation of numerical data? a) Croxton and Cowden c) Prof. Horace secrist b) A. L. Boddingtons d) Mr. Lee presentation, analysis, and

5) Statistics are enumerated or estimated according to reasonable standards of accuracy is the a) Functions of Statistics c) Limitation of Statistics b) Characteristic of Statistics d) None of these 6) Does Statistics deal with qualitative data? a) Yes, Statistics deal with qualitative data b) No, Statistics deal with qualitative data c) Yes, Statistics deal with quantitative data d) No, Statistics deal with quantitative data

7) Which are the Limitations of the Statistics? a) Common man cannot handle Statistics properly c) Statistics inferences are not exact b) It makes comparison easier d) It bring out hidden relations betweens variables A) Both (a) and (b) B) Both (a) and (c) C) All of these D) None of these 8) Which one of the following is the function of statistics? a) It simplifies complexity of data and it reduces the bulk of data c) It deals with the individual data b) It increase the complexity of data d) It deals with the qualitative of data 9) Which one of the limitation of statistics a) Statistics method can be applied only to aggregate of facts b) Statistics deals with quantitative data c) Statistics does not deal with qualitative data and individual data d) It reduced the bulk of the data 10) ________ is a statistical software package that was designed especially for the teaching of introductory statistics courses. a) Minitab b) SPPS

c) Eview d) none of these 11) SPSS stand a) Statistical package for social science b) Statistical package for social study c) Statistical package for social security d) all of these

12) ___________ increasingly technology encapsulates advanced mathematical and statistical expertise to extract predictive knowledge that when deployed Into existing processes makes them adaptive to improve outcome a) SPSS b) Eview c) Minitab d) all of these 13) _________ is a statistical software tool, which offers academic researchers, corporations, government agencies, and students access to powerful statistical, Forecasting, and modeling tools an innovative, easy-to-use object-oriented interface a) SPSS b) Eview c) Minitab d) all of these 14) Statistics is broadly divided into _________ and _____________ statistics a) Descriptive, Inferential b) Descriptive, Interface c) Interferential, Descriptive d) all of these 15) According to the definitions of statistics five by Croxton and Cowden, what are the four components of Statistics? Ans. a) Collection of Data, Presentation of Data, Analysis of Data, Interpretation of Data. 16) According to ___________,"Statistics may be defined as the aggregated of facts affected to a marketed extent by multiplicity of causes, numerically expressed Enumerated of estimated according to reasonable standard t accuracy, collection in a systematic manner, for a predetermined purpose and a placed in relation to each other a) Horace Secrist b) Prof. Boddington c) Croxton and Cowden d) Prof. A.L Bowley 17) Give ans. in the form of YES/NO i) Will the same degree of accuracy be needed when measuring the height of a mountain and the height of a person? Ans. NO ii) Does Statistics deal with qualitative data? Ans. NO 18) Categories the following data as qualitative or quantitative data; i) The number of transaction occurring in an ATM per day Ans. Quantitative data ii) The popular brand name in cars is Maruthi. Ans. Qualitative data 19) Total sales of a product in Area A is 840 for 30 working days. Total sales of same product in area B is 784 for 28 working days. Do you think? that statistics needs to be applied to get an appropriate picture regarding comparison of sales? Ans Yes 20) Decision making process become more efficient with the help of ___________ a) Statistics b) paper work c) Government agencies d) none of these

Unit-2

Statistical Survey

1) The number of pedals in a flower is a) Continuous variable b) Simple variable c) Discrete variable d) Attribute 2) In ________________ observation the investigator collects data by having direct contact with units of investigation. a) Indirect oral interview b) direct personal c) Questionnaires d) Schedule 3) The plural form of statistics is stand for a) Physical fact b) Numerical sense c) The science of collection Organization, analysis and Interpretation of numerical fact d) Conclusion of data 4) The singular form of statistics is stand for a) Numerical fact b) The fact expressed in number c) The science of collection Organization, analysis and Interpretation of numerical fact d) Numbering of data 5) How many branches of the statistics a) Three b) Two c) Five d) Seven 6) The statistical method is the branch which deals with the a) General procedure of statistical analysis of qualitative data b) General procedure of statistical analysis of Numerical data c) General procedure of statistical analysis of any data d) General procedure of statistical analysis of alphabetical data 7) Application statistical deals with the a) General procedure of statistical analysis of qualitative data b) The application of statistical devices and technique in the analysis of data relating to other science like biometry, demography etc. c) The arrangement of data d) The procedure of statistical of numerical 8) Weight of persons is a) Continuous variable b) Discrete variable c) Simple variable d) Attribute 9) Indirect oral interview is used when area to be covered is large. The data is collected from a third party or witness of head of institution. This method is generally by _____________________ a) Finance department b) Marketing department c) Police department d) Income tax department 10) Match the following as finite and infinite population a) Production of a product in a factory for a day c) the set of Rational number b) Number of points in this page d) the weight of new born babies measured up to first decimal place in a state during first . Week of Feb 2008 A) Both (a) and (d) infinite, and (b) and (c) finite C) Both (a) and (b) infinite, and (c) and (d) finite B) Both (a) and (d) finite, and (b) and (c) infinite D) Both (b) and (d) infinite, and (a) and (c) finite

11) In a Statistical study, the objects whose characteristics are studied are called_________ and the collection of all under consideration is called _____________ a) Group and subgroup c) Quantity and quality b)Unit and population d) Amount and universe 12) A characteristics which is numerically measurable is a __________ And a characteristics which is not numerically measurable is a_____________ a) Unit and population c) Individual and Universe b) Quantitative characteristics and quantitative characteristics d) Population and group of unit 13) A variable which assume only some specified values in a given range is_________ Variable a)Homogeneous b) Discrete c) Continuous d) Statistical 14. __________________ is a representative portion of the population a) Sample b) Investigation c) Informant d) Planning 15. A study of characteristics of unit of a population by using statistical devices and techniques is called_____________ a)Simple investigation c) Planning b)Statistical investigation d) Collection c) 16. If the investigation is based on the population as a whole, it is called_________ .on the other hand, if it is based on a part of the population is called. __________. a)Sample survey and census enumeration c) Primary and secondary data b)Sample and complete enumeration d) Census enumeration and sample survey c) 17. ________ is a list of question answer for which are filled in by the_________ and these answers are the required information for the Investigation a)Investigation and mail enquiry c) Questionnaire and informants b)Informant and enquiry d) Informants and questionnaires c) 18) _________ are the fresh data collection directly from the field they are first hands data, _________ are the data which the investigator does not collect directly from the field. a) Secondary and primary data c) primary and secondary data b) Secondary and raw data d) raw data and secondary data 19. _________ is a survey of a few units under taken before the main Survey is conducted a)Sample survey c) Pilot survey b)Secondary data d) Primary data 20) A __________ is a scientific process of collection and analysis of numerical data? a) Statistical survey b) Mathematical survey c) Simple survey d) none of these 21) The __________ stage consists of the following sequence of activities? 1) Nature of the problems to be investigated should be clearly defined in a un-ambiguous manner 2) Objectives of investigation should be stated at the outset a) Execution b) Planning c) Searching d) Enumerated 22) What are the main stages in Survey? a) Planning and forecasting c) Primary and secondary data b) Planning and execution d) none of these

23) Training of investigators belongs to which stage? a) Execution b) Survey c) Planning d) Analysis 24) A chrematistics which is numerically measurable is called a ____________ and a characteristics which is not numerically measurable is called a ___________ a) Quantitative and Qualitative b) Quantitative and Discrete c) Quantitative and Quantitative d) Qualitative and Qualitative 25) Classify the following as finite or infinite population i) Production of a product in a factory for a day Ans. Finite ii) Number of points in this page Ans. infinite iii) The set of rational numbers is Ans. infinite iv) The weight of new born babies measured up to first decimal place in a state during first week of February 2008 Ans. finite 26) Classify the following as attribute of variable i) Eye color of human being Ans. Attribute ii) Number of pages in a book of various subjects Ans. Variable 27) Classify the following as discrete of continuous variable Ans) Discrete Temperatures recorded every half hour at a regional meteorological center Ans. Continuous 28) A sample which consists of entire population is called a _____________ a) Census b) Population c) Sample d) none of these 29) State whether the following statements are True or False i) Census conducted by Government of India is an example of primary data Ans. True ii) TV News Bulletins gather information on any event through their agents. Ans. True iii) Scheduling make respondents record their answer. Ans. False iv) A covering letter to the questionnaire brings confidence in respondents. Ans. True v) Questions in questionnaire should be lengthy Ans. False

Unit-3 Classification, Tabulation, and Presentation of Data

1)________________ is a systematic grouping of the units according to their common characteristics a)Tabulation c) Presentation of Data b)Classification d) Variables 2)which are the functions of Classification except one a) It reduce the bulk of data b) It maximizes the data and makes the data more comprehensible c)It facilitates comparison of characteristics d)It renders the data ready of any statistical analysis 3)Which are the types of classification except one a)Geographical classification c) Visual classification b)Conditional Classification d) Quantitative classification 4)______________ classification involve more than two variable a)Manifold classification c) two way classification b)One way classification d) Simple way classification 5)____________ tables deal with total , percentage, ratios etc a)Simple table c) Derived table b)Complex table d) General purpose table 6)_______________ formula is used t calculate the number of class-intervals a)Sturges formula c) DeMorgans formula b)Newtons formula d) All of these 7)______________ is the frequency distribution is represented by a set of rectangular bars with area proportional to class frequency a)Ogive c) Frequency polygon b)Frequency curve d) Histogram 8)Junior executive of XYZ Co has prepared Budget for a new division of the company. Vice president of the company wanted t see the summary of the Budget in diagrammatic form. Choose right pie diagram Rs. In Lakhs Capital investment 140 Salary and wages 65 Raw material 100 R & D Expenses 15 Misc. 40

a)

b)

c)

d)

9) ___________is a systematic arrangement of classified data in rows and Columns of a table a) Secondary data c) Tabulation b) Primary data d) Classification c) 10) A systematic presentation of the values taken by a variable and the Corresponding frequencies is called ______ of that variable a)Probability distribution c) Primary distribution b)Distribution d) frequency distribution c) 11) A frequency distribution in which class interval are considered is a____________, if class intervals are not considered, it is a__________________ a)Discrete and continuous frequency distribution b)Continuous and discrete frequency distribution c)Lower class and upper class d)Upper class and lower class 12) In frequency distribution, If the range is vast, it is divided into Mutually exclusive sub range called ________ and each interval is Specified by two limit which is called__________ and _________ a)Upper and Lower class limit, class interval b)Class interval, Lower and upper class Limit c)Interval ,Upper and lower class interval d)Mid-values, Small and big interval 13) The deference between the classes of class interval is the _________ of a class interval is and the central values of a class interval is called___________

a) Range and Upper value b) Upper value and Range c) Width and class mid-value d) Class-mid value and width 14) The number of observation in any class is the _____________ a) Range b) Class frequency c) With d) Distribution 15) In frequency distribution, the number of observations with values less than a given values is the ________ frequency corresponding to that value. The number of observation with value more than a given value is the____________ frequency a)Less than and more than cumulative frequency b)More than and less than cumulative frequency c)Discrete and Continuous frequency distribution d)Continuous and discrete frequency 16) If a class interval is such that the Lower as well as the upper class Limits are include in the same class Interval, it is __________ class Interval and if a class interval is such that the Lower class Limit is Included in the same class interval, where as upper class limit is Included in the succeeding class interval, it is ___________ class Interval a) Exclusive and Inclusive c) Lower and upper Limit b) Interval and Exclusive d) Inclusive and Exclusive 17) Frequency distribution of a single valuable is called ___________Frequency distribution and more than one variable is called _____________________ Frequency distribution a)Bivariate and Univariate c) Univariate and Bivariate b)Single and Multiple d) Multivariate and single

18) Tick the correct answers in the form of i) Tabulation presents the data in a minimum space ii) Tabulation is a process of analysis iii) General purpose table deals with specific objective iv) Derived table deal with total, percentage, ratio etc.

Yes/No Yes/No Yes/No Yes/No Yes/No

Unit-4

Measures Used to Summaries Data

1) In a one day Cricket Match, a bowler bowls 8 over, he given away 3, 5,12,0,4,1,3,&7 runs in these over find the mean run rate per over is______________ a) 5.375 run per over b) 4.375 run per over c) 2.375 run per over d) 3.999 run per over 2) In an office there are 84 employees, their salaries are given Salaries Rs. Employees 2430 4 2590 28 2870 31 3390 16 4720 3 5160 2

i)Find the mean salary of the employee j)What is the total salary of the employee a) Rs. 2975.36 and Rs. 249930 c) Rs. 259930 and Rs. 3099.30 b) Rs. 249930 and Rs. 2975.36 d) Rs. 24930 and Rs. 2975.36

3) A survey of 128 smokers reveals the following frequency distribution of Daily expenditure on smoking of these smokers Find the mean daily expenditure. Expenditure Rs. 10-20 20-30 30-40 40-50 50-60 60-70 No. of Smokers a)Rs. 32.64 c) Rs. 30.64 23 44 35 12 b) Rs. 31.64 d) Rs. 39.64 9 3

70-80 2

4) The following is frequency distribution of wages of workers of a factory. Find the arithmetic mean.
Daily wages Rs. No. of workers 80-100 8 100-120 22 120-140 26 140-160 14 160-180 10 Total 80

a)Rs. 130 b)Rs. 128 c)Rs. 129.05 d)Rs. 129 5) Let x1, x2, x3.. Xn be n values. Let a be a constant then (X1-a), (X2-a).. .. (Xn-a) are the ______________ of the values from the constant a a) Deviation b) Arithmetic Mean c) Geometric Mean d) Change of origin and scales 6) Algebraic sum of the deviation of a set of values from their arithmetic mean is a) One b) zero

c) Two

d) four

7) Sum of the squared deviation of a set of values is a minimum when a) Deviation is taken around the G.M. b) Mean Deviation taken around the A.M. c) Mean Deviation taken around the G.M. d) Deviation are taken around the A.M 8) The mean of marks scored by 30 girls of a class is 44% .the mean marks scored by 50 Boys is 42%. Find the mean for the whole class a) 42.75% b) 43.75% c) 44.75% d) 45.75% 9) For the following distribution of height of student, find the median.
Height (cms.) No. Student 145-149 of 15 150-154 22 155-159 38 160-164 17 165-169 8

a)161.57 cms. b)160.57 cms c)160.97 cms d)156.21 cms. 10) If average height of 30 men is 158 cm and average height of another group of 40 men is 162 cm. Find average height of combined group? a) 160.28cms b) 162.28cms c) 260.28cms d) 360.28cms 11 Average weights of 100 screws in box A is 10.4gms. It is mixed with 150 screws of box B Average weight of mixed screw is 10.9gms.Find the average weight of screws of box B a) 12.97gms b) 11.23gms c) 11.54gms d) 12.56gms 12) A clerk calculated A. M of 50 values as39.2. However, it was found that instead of taking two values as 25 and 32, he took them as 52 and 23 find the corrected A.M. a) Corrected average is 56.44 b) Corrected average is 93.56 c) Corrected average is 39.56 d) Corrected average is 38.34 13) Find the missing frequency for the following distribution given the mean value as 129? Class Total 80-100 100-120 120-140 140-160 160-180 Interval Frequency 80 8 26 14 10 a) Missing frequency is 33 b) Missing frequency is 22 c) Missing frequency is 12 d) Missing frequency is 21 14) Find the missing frequency for the following data given that its median is 34 Class 0-10 10-20 20-30 30-40 40-50 50-60 60-70 Interval Frequenc 3 4 9 20 18 7 y a) Missing frequency is 13 b) Missing frequency is 22

c) Missing frequency is 19

d) Missing frequency is 21

15) Mode is the values which has the_________ a) Lowest frequency c) Frequency distribution b) Highest frequency d) Cumulative frequency

16) Frequency distribution has only one value with highest frequency. Such Frequency distribution is a) Multimodal c) Modal b) Unimodal d) Bimodal 17) For the following distribution, find the mode
%age marks No. of student 10-20 8 20-30 19 30-40 29 40-50 36 50-60 25 60-70 13 70-80 4

a)45.45% b)43.48% c)44.4% d)43.4%

18) The distribution of average monthly balances of customers in a nationalized bank is as follows. The mode of the distribution is 119. Find the total number of customers survived Class interval 050 Frequency 78 50100 123 100150 150200 82 200250 51 250300 47 300350 18 350400 9 400- 450450 500 6 4

a)Total number of customers surveyed = 601 b)Total number of customers surveyed = 106 b)Total number of customers surveyed = 701 c)Total number of customers surveyed = 610 19) Find the Geometric Mean X 110 F a)116.77 b)116.7 c)117.7 d)116.09 4 120 2

115 11

118 21

119 6

20) A deposit of Rs.1000/- grows at the rates of 8%, 10% and 11% in three Subsequent years find the average growth rate a) 10% b) 9.99% c) 9.6% d) 8.9% 21). A man travels from village A to village B at a speed of 10 kms/hour. On his way back, he travels at a speed 5 kms./hour. Find his average speed a)6.98 kms./ hour b)6.67 kms./ hour c)7.67 kms./ hour d)6.57 kms./ hour 22) Write the empirical relation between mean, median and Mode is ______________________________________ 23) Price of a commodity in 8 different shops are as follows. Calculate the quartiles. Price (rupees): 208, 205, 212, 209, 207, 210, 208, 206 a)Rs. 205.25. b)Rs. 206.25. c)Rs. 207.76 d)Rs. 208.00 24) The degree of variation is indicate by the ______________ a) Measures of distribution b) Measures of dispersion c) Measures of frequency d) Measures of deviation 25) For the distribution of daily wage of workers the quartile are Rs.49.50, Rs. 56 and Rs. 72.50. Find the quartile deviation and the coefficient of quartile deviation graphically. e) Rs. 11.50 and 0.1885 f) Rs. 11.40 and 0.1777 g) Rs. 12.00 and 0.1885 h) Rs. 1199 and 0.1885 26) Mean and Standard deviation of length of tails of 8 rats were found to be 4.7 cms. and 0.8 cms. Respectively afterward, it was found that the length of one of the tails was wrongly measured as 3.6 cms. it was actually 6.3 cms. With this correction, find the actual mean and standard deviation. i) 5.0389 cms. 0.8999 j) 5.0375 cms. 0.8336 k) 5.9998 cms. 0.1783 l) 6.0987 cms 0.5674 27) S.D. is the least of all m) Mean-Square Deviation

n) Square Deviation o) Root-Mean Square Deviation p) Deviation 28) The average weight f 100 apples from area A is 150gms with standard deviation of 10gms. Similarly the average weight of 200 apples from area B is 200gms with standard deviation of 15gms. Find the combined standard deviation? a) S. D = 26.87 b) S. D = 76.87 c) S. D = 36.87 d) S. D = 16.87 29) Calculate the mean deviation from Median number of T.V. Sets sold: 18, 16, 16, 19, 12, 14, and 20 q) 2.501 r) 2.143 s) 3.143 t) 2.140 30) The bursting and tensile strength of a type of paper showed the following results which characteristic is more variable? a) Bursting strength is higher, it varies more b) Tensile strength is higher, it varies more c) Bursting strength is lower, it varies more d) Tensile strength is lower, it varies more

Unit-1 Answers 1) A 2) C 3) b 10) a 11) a 12) a

4) a 13) b

5) b 14) a

6) b 16) a

7) B

8) a

9) c

20) a

Answers Unit-2 1) c 2) b 7) b 8) a 13) b 14) a 19) c 20) a 28) a Unit-3 Answers

3) b 9) c 15) b 21) b

4) c 10) B 16) d 22) b

5) b 11) b 17) c 23) c

6) b 12) b 18) c 24) a

1) b 8) a

2) b 9) c 16) d

3) c 10) d 17) c

4) c 11) b

5) a 12) b

6)d 13) c

7)a 14) b 15) a

Answers: 1) b b 24)b

Unit-4 Measurement of central tendency 4) d 5) a 6) b 10) a 11) b 12) c 16) b 17) d 18) a 22) Mode = 3Median-2 Mean 27) c 28) a 29) b 30) a 7) d 13) 9) b 23) b

2) a 3) b 8) a 9) b 14) c 15) b 20)c 21) b 25) a 26) b