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Jp-334

I Semester M 8 E aminat1on,
. July 2022
· -A. (Day and Evening) Degree x
(CBcs) (2021-22 and Onwards) (Freshers)
MANAGEMENT
Paper - 1.4 : Statistics for Managers
Time : 3 Hours

Max. Marks : 70

SECTION-A

Answer any five questions. Each question carries live marks.

(5x5=25)
1. illustrations.
Explain the concept of symmetric and asymmetric distributions with suitable

2. The following data gives the results of the scores of two students in an exam
held during the year. Determine who is more consistent using the coefficient
of variation.
I

Player A 15 25 30 35 45
Player B 15 45 60
I 85 95
I

3. Fit the straight line trend for the fallowing data and forecast the production
for the next two years.

Year 2017 I
2018 2019 I

2020 2021 1
Demand in 00'000 Rs. 27 33 46
I
54
I
I 70
4. Averages are useful in business metrics. Justify this statement. I

P.T.o.
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JP-334 Ill
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5 The cattle of a certain town were inoculated against a disease s·

· . . · mce cattle who
got inoculated also got srck alon~ w_rth thos~ who did not, use the Chi Square
Test to determine whether the sard rnoculatron was effective in controlling the
disease. You may assume a 5% level of significance.

Developed illness Did not develop illness

Got inoculated 550 530

Did not get inoculated 475 350

6. How are tables and graphs useful in business reporting ?

7. The average diameter of cakes baked in a bakery are 35 cm. The variance is
9 cm. If on any day, 50 cakes are baked, find how many cakes have a diameter:
a) Greater than 42 cm.
b) Lesser than 30 cm. :
c) Between 33 and 39 cm.
Illustrate your answers.

SECTION - B

Answer any three questions. Each question carries ten marks. (3x10=30)

8. For the data given below, find the coefficient of correlation and interpret it.
Also fit the two regression equations.

X 9 18 27 36 45 54 63 72 81
y 90 99 108 117 126 135 144 153 162

9. In a bag, there are 80 coins each numbered from 1 to 80. If a coin is selected
at random, what is the chance that it will be :
a) A multiple of 3 or 5 ?
b) A multiple of 4 or 6 ?
c) A multiple of 7 or 11 ?
1lffllii1Mll~II -a. JP- 334
d upon the data given below P
10. 0asereversal test and the factor r~verrovel th at the Fischer's index satisfies the
tirne sa test.

. commodities Po pl
9 ao Ql
12
11 6 8
14
~c 13
15
7 9
~D 14 9 11
17 11
16 12
L.----
18 13 15

11 _Mr. A has two options for inve st ment but, he can take up only one at a time.
st
Option A: _He can a~ a re staurant for Rs. 9,00,000. The probability of success
is 75% with a cash inflow of Rs. 12,00,000. If he fails he can still salvage
Rs. 6,00,000. When he succeeds, he can start a fast food shop for Rs. 4,00,000,
where in he can get success, with a 80% probability and cash inflow of
Rs. 3,00,000. If he fails he incurs a loss of Rs. 50,000.
Option B : He can start a car showroom for Rs. 8,00,000. The probability of
success will be 90% with a cash inflow of Rs. 9,00,000. If he fails he can still
salvage Rs. 5,00,000.
Construct a decision tree and the payoff chart. Show the best decision that
Mr. A should take.

SECTION-C
This is a compulsory question. It carries fifteen marks. (1x15=;15)
12. A certain product is sold in three cities by three salesmen. Based on the data ,
given below, \
Cities/Salesmen Salesman A Salesman B Salesman C
City One 20 25 24
City Two 25 35 27
City Three 30 30 30
find if :
a) There is a significant difference in the sales performance of the salesmen.
b) There is a significant difference in the sales between the cities.
You may assume a 5% level of significance.