Lahore School of Economics

MBA-I
Statistics I Winter 2013

Name:_____________________ Section:_______________

Date:______________________ Score:________________

Assignment No. 1 (Chapter No.1)

Q.1: For each of the following, determine whether the group is a sample or a population.
Answers
(a) The participants in a study of a new cholesterol drug.


(b) The drivers who received a speeding ticket on M2 motorway on last
Sunday.

(c) The 100 stocks reported as a part of the Karachi stock exchange index.

Q.2: Indicate whether each of the following measures use a nominal, ordinal, interval or ratio scale:

(a) Prices on the stock market.


(b) Marital status classified as married or never married.


(c) Whether or not a respondent has ever been married.


(d) Professional ranks: lecturer, assistant professor, associate professor, or
professor.

(e) Political party affiliation (Muslim League, PPPP, MMA, other)


(f) Highest degree obtained (none, high school, bachelors, masters, doctorate)


(g) Patient condition (good, fair, serious, critical)


(h) Patient survival (in number of months)


(g) Distance students travel to class


(h) Student scores on the first statistics test.


(i) A classification of students by city of birth.


(j) A ranking of students by freshman, sophomore, junior, senior.


(k) Number of hours students study per week.



Q.3: Give an example of a quantitative variable that is actually continuous but might be considered
discrete.














Q.3: Give an example of a quantitative variable that is actually discrete but might be considered
continuous.












Q.5: The way a characteristic is measured determines what level of measurement to be used. Give an
example of a variable for which different levels may be used.
Q. 6: Suppose the following information is obtained from Mr. Danish on his application for home
mortgage loan at Alfalah Bank:

Type of Variable
Level of
Measurement

(a) Place of Residence: Wapda Town, Lahore


(b) (b) Type of Residence: Single-family house


(c) Date of Birth: March 14, 1985


(d) Monthly Income: Rs. 60,000


(e) Occupation: Chemical Engineer


(f) Employer: ICI Pakistan


(g) Number of years at Job: 4


(h) Number of jobs in Past Ten Years: 1


(i) Annual Family Salary Income: Rs. 750,000


(j) Other Income: Rs. 50,000


(k) Marital Status: Married


(l) Number of Children: 2


(m) Mortgage Requested: Rs. 2.2 million


(n) Term of Mortgage: 30 Years


(o) Other Loans: Car


(p) Amount of other loans: Rs. 0.5 million



Classify each of the responses by type of variable and the level of measurement.












Lahore School of Economics
MBA-I
Statistics I Winter 2013

Name:_____________________ Section:_______________

Date:______________________ Score:________________

Assignment No. 2 (Chapter No.2)

Q.1: Speedy Swift, SS, is a package delivery service in Lahore metropolitan area. To maintain
customer loyalty, one of SSs performance objectives is on-time delivery. To monitor its
performance, each delivery is measured on the following scale: early (package delivered before
the promised time), on time (package delivered within 5 minutes of the promised time), late
(package delivered more than 5 minutes past the promised time), lost (package never delivered).
SSs objective is to deliver 99 percent of all packages either early or on-time. Another objective
is to never lose a package.
SS collected the following data for last months performance:

OT OT E L OT OT OT OT L OT
E OT OT E OT OT OT OT OT OT
E OT E OT OT OT E OT OT OT
E OT OT L E E OT OT OT E
OT L L OT OT OT OT OT OT OT
OT L E OT E OT Lost OT OT OT
E OT OT OT OT E Lost OT OT OT
OT E E OT L OT E OT L OT
OT OT OT OT E L OT E OT OT
OT OT OT OT OT E E OT OT OT
E: Early OT: On-time L: Late Lost: Lost

a. What scale is used to measure delivery performance? What kind of variable is delivery
performance?






b. Construct a frequency table for delivery performance for last month.

c. Construct a relative frequency table for delivery performance for last month.



















d. Construct a bar chart of the frequency table for delivery performance for last month.







e. Construct a pie chart of on-time delivery performance for last month.
























f. Analyze the data summaries and write an evaluation of the last months delivery
performance as it related to SSs performance objectives. Write a general
recommendation for further analysis.
Q.2:Alexandra Damonte will be building a new resort in Myrtle Beach, South Carolina. She must decide
how to design the resort based on the type of activities that the resort will offer to its customers. A recent
poll of 300 potential customers showed the following results about customers preferences for planned
resort activities:

Like planned activities 63
Do not like planned activities 135
Not sure 78
No answer 24

a. What is the table called?




b. Draw a bar chart to portray the survey results.














c. Draw a pie chart for the survey results.



























d. If you are preparing to present the results to Ms. Damonte as part of a report, which graph
would you prefer to show? Why?



LahoreSchool of Economics
MBA-I
Statistics I Winter 2013

Name:______________________ Section:_______________

Date:______________________ Score:________________


Assignment No. 3 (Chapter No.2)

Q.1:The Quick Change Oil Company has a number of outlets in Lahore. The numbers of oil changes at
Wapda Town outlet in past 20 days are:


65

98

55

62

79

59

51

90

72

56

70 62 66 80 94 79 63 73 71 85


The data are to be organized into a frequency distribution.
a. How many classes would you recommend?








b. What class interval would you suggest?









c. What lower limit would you recommend for the first class?








d. Organize the number of oil changes into a frequency distribution.





























e. Comment on the shape of the frequency distribution. Also determine the relative frequency
distribution.


















Q.2: The following data give the weekly amounts spent (in rupees) on groceries for a sample of
households.

2170 3630 1590 760 2270 3370 2950 3190 2500
2790 2050 2790 2660 1990 1770 1620 2320 3030
1920 1810 3210 3090 2460 2780 500 410 3350
1160 1000 1510 2400 4740 2970 1700 1880 3200
4290 2940 5700 3420 2790 2350 4340 1230 3250

a. How many classes would you recommend?




b. What class interval would you suggest?





c. What lower limit would you recommend for the first class?







d. Organize the data into a frequency distribution. Comment.


LahoreSchool of Economics
MBA-I
Statistics I Winter 2013

Name:______________________ Section:_______________

Date:______________________ Score:________________

Assignment No. 4 (Chapter No.2)

Q.1:A wholesale appliance distributing firm wished to study its accounts receivable for two successive
months. Two independent samples of 50 accounts were selected for each of the two months. The results
are summarized in the following table:
Frequency distribution for accounts receivable.


Amounts
March
Frequency
April
Frequency
March
Cumulative
Frequency
April
Cumulative
Frequency

Rs.0 under Rs.20,000

6

10

Rs.20,000 under Rs.40,000 13 14
Rs.40,000 under Rs.60,000 17 13
Rs.60,000 under Rs.80,000 10 10
Rs.80,000 under Rs.100,000 4 0
Rs.100,000 under Rs.120,000 0 3


a. Plot the histogram for each month.





b. On one graph, plot the percentage polygon for each month.







c. .On one graph, plot the cumulative percentage polygon (also called Ogive) for each
month.




a. What conclusion can you draw?


Q.2:Ecommerce.com, a large Internet retailer, is studying the lead time (elapsed time between when an
order is placed and when it is filled) for a sample of recent orders. The lead times are reported in days.

Lead Time (days) Frequency
5 up to 10 6
10 up to 15 7
15 up to 20 12
20 up to 25 8
25 up to 30 7
Total 40

a. How many orders were studied?
b. What is the midpoint of the first class?
c. Draw a histogram.
d. Draw a frequency polygon.
e. Interpret the lead times using two charts.






























Q.3:Ecommerce.com, a large Internet retailer, is studying the lead time (elapsed time between when an
order is placed and when it is filled) for a sample of recent orders. The lead times are reported in days.

Lead Time (days) Frequency
5 up to 10 6
10 up to 15 7
15 up to 20 12
20 up to 25 8
25 up to 30 7
Total 40

a. How many orders were filled in less than 13 days? In less than 25 days?
b. Convert the frequency distribution to a cumulative frequency distribution.
c. Develop a cumulative frequency polygon.
d. About 60 % of the orders were filled in less than how many days?