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Ba4206 QB Ans

This document contains a question bank for the Business Analytics unit 3 exam. It includes 10 short 2-mark questions defining terms like descriptive analytics, mean deviation, mode, standard deviation, probability, and point and interval estimation. It also includes 10 multi-part questions asking students to explain concepts like descriptive analysis steps, median, standard deviation calculation, dispersion importance, sample space and events, interquartile range calculation, factors influencing sample size, range and median calculation from data sets, point estimation of population proportion and variance, and characteristics of sampling. The document provides questions and blank space for students to show their work in answering quantitative and qualitative questions about descriptive statistics concepts.

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33 views11 pages

Ba4206 QB Ans

This document contains a question bank for the Business Analytics unit 3 exam. It includes 10 short 2-mark questions defining terms like descriptive analytics, mean deviation, mode, standard deviation, probability, and point and interval estimation. It also includes 10 multi-part questions asking students to explain concepts like descriptive analysis steps, median, standard deviation calculation, dispersion importance, sample space and events, interquartile range calculation, factors influencing sample size, range and median calculation from data sets, point estimation of population proportion and variance, and characteristics of sampling. The document provides questions and blank space for students to show their work in answering quantitative and qualitative questions about descriptive statistics concepts.

Uploaded by

Kishore P K
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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BA4206 - QB Ans

MBA, Human Resource (Anna University)

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BA4206 – Business Analytics


Question Bank Unit - 3
Part – A (2 marks)
1. What is Descriptive Analytics?
Descriptive analysis is a commonly used form of data analysis whereby historical
data is collected, organized and then presented in a way that is easily understandable.
2. Define mean deviation.
The arithmetic average of the absolute deviation of a series is known as mean
deviation. This deviation is calculated from anyone of the measures of average such as
mean, mode and median.
3. Define mode.
Mode is the value of the variable for which the frequency is maximum and it is
denoted by Z or Mo.
4. Define Standard Deviation.
Standard deviation is a measure of the amount of dispersion of a set of values.
5. Differentiate between skewness and dispersion.
Dispersion Skewness
It measures the tendency of a dataset It measures the asymmetry in a statistical
distributed over a range in statistical distribution from the normal distribution
analysis
It deals with the distribution of values of a It studies whether the distribution of
set of data around the central point values is symmetric or asymmetric

6. Define probability.
Probability is the mode of expression of knowledge or belief whether the event has
occurred or will occur.
7. What is point estimation?
The specific value of the sample statistic used to estimate a population parameter
is known as point estimation.
8. Write three objectives of measures of central tendency.
i) Compute the mean, median and mode of distributions.
ii) Find the five-number summary of a distribution.
iii) Apply measures of central tendency to compare data sets

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9. Define Bowley’s coefficient of skewness.


It is based on quartiles. If a distribution is symmetric then the first and third quartiles
are equi-distant from the median.
10. What is statistical estimation?
Statistical estimation involves estimating a population parameter with a simple
statistic.
11. What is point estimation?
The specific value of the sample statistic used to estimate a population parameter
is known as point estimation.
12. What is interval estimation?
The fixed interval of scores where the population’s mean or some other parameter
is expected to fall when that parameter is to be estimated from the given sample data is
known as interval estimation.
Part – B
1. Explain the steps of descriptive analysis.

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2. Define median and discuss its advantages and disadvantages.

3. Explain the standard deviation. State its calculation methods.

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4. What is meant by dispersion? Explain its importance.

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5. Write short notes on Sample space and Events.

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6. Calculate the Interquartile range from the following data

Years 0 – 20 20–40 40–60 60–80 80–100

No. of Persons 4 10 15 20 11

7. Explain the factors influencing sample size.

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8. a) Calculate range and its coefficient from the following data: 53,46,18,16,75,84,28
b) Calculate median from the following data
Wages 35 45 55 65 75

No. of workers 4 10 15 20 11

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9. Briefly explain the point estimation of population proportion and population variance.

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10. Discuss the characteristics of sample and sampling process.

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