LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.Com. DEGREE EXAMINATION – COMMERCE

SECOND SEMESTER – APRIL 2022
UBC 2301 – BUSINESS STATISTICS
(21 BATCH ONLY)

Date: 27-06-2022 Dept. No. Max. : 100 Marks

Time: 01:00 PM - 04:00 PM
SECTION A
Answer ALL the Questions
1. Define the following (5 x 1 = 5)
a) Geometric mean. K1 CO1
b) Properties of correlation coefficient. K1 CO1
c) Components of timeseries. K1 CO1
d) Intercept & Slope. K1 CO1
e) North-west corner rule. K1 CO1
2. Fill in the blanks (5 x 1 = 5)
a) Find the arithmetic mean for the following data: 12, 15, 10, 9, 11, 16, 14, 6 K1 CO1
__________
b) Write down the formula for Rank Correlation _____________ K1 CO1
c) A time series is arranged in __________ order. K1 CO1
d) Linear regression uses one independent variable to explain or predict the K1 CO1
outcome of the ______ variable Y
e) Expand VAM __________ K1 CO1
3. Match the following (5 x 1 = 5)
a) GM – (i) Cause and effect relationship K2 CO1
b) Error term - (ii)Yc = a+bx+cx2 K2 CO1
c) Second degree parabola - (iii) nth root K2 CO1
d) Transportation - (iv) Lack of perfect goodness of fit K2 CO1
e) Correlation – (v) Minimizes cost
4. TRUE or FALSE (5 x 1 = 5)
a) The empirical formula gives the relationship between mean, median and K2 CO1
mode.
b) In repeated rank correlation, the term m stands for a number of times a value K2 CO1
not repeated.
c) Time series is nothing but statistical observation arranged in chronological K2 CO1
order.

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 d) Y= αX + βρ + ϵ where: α, β = Not Constant K2 CO1
e) Linear programming is a mathematical technique to find the best K2 CO1
organizational resources.

SECTION B
Answer any TWO of the following (2 x 10 = 20)
5 Calculate Bowley's coefficient of skewness from the following data. K3 CO2
Marks 0 - 10 10 - 20 20 - 30 30 - 40 40 - 50 50 - 60 60 - 70 -
70 80
No. of 10 25 20 15 10 35 25 10
persons

6. Write a note on logistic regression. K3 CO2

7. A sample of 12 fathers and their eldest sons gave the following data about their K3 CO2
heights in inches. Find the rank correlation coefficient.
Father 65 63 67 64 68 62 70 66 68 67 69 71
Son 68 66 68 65 69 66 68 65 71 67 68 70
8. Use graphical method to solve the following L.P.P. K3 CO2
Maximize z = 10x + 15 y
Subject to constraints,
2x + y ≤ 26
2x +4y ≤ 56
-x + y ≤ 5
And x, y ≥ 0
SECTION C
Answer any TWO of the following (2 x 10 = 20)
9. You are given below the following information about advertising and sales. K4 CO3
Adv. Exp (X) (in lakhs) Sales (Y) (in lakhs)
Mean 10 90
S.D. 3 12
Correlation coefficient = 0.8
1. Obtain the two regression lines.
2. Find the likely sales when advertisement expenditure is Rs. 15 lakhs
3. What should be advertisement expenditure if the company wants to attain sales
target of Rs.120 lakhs?

10. Illustrate and explain. Skewness and kurtosis of a distribution. K4 CO3

11. Calculate 3 yearly moving averages of the production figures given below K4 CO3
Year 1995 1996 1997 1998 1999 2000 2001

Production 224 213 202 215 222 244 236

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12. Obtain initial basic feasible solution to the following transportation problems using K4 CO3
Least Cost Entry Method
Warehouse/Stores S1 S2 S3 Availability

W1 5 4 3 6

W2 4 7 6 8

W3 2 5 8 12

W4 8 6 7 4

Requirement 8 10 12 30

SECTION D
Answer any ONE of the following (1 x 20 = 20)
13. Calculate the mode from the following data: K5 CO4
x 25 30 35 40 45 50 55
f 7 11 17 15 14 10 11

14. Fit a straight-line trend to the data by the method of least square. K5 CO4
Year 1960 1962 1963 1964 1965 1966 1969
Value 140 144 160 152 168 176 180
Find the trend value of the missing year 1961.

SECTION E
Answer any ONE of the following (1 x 20 = 20)
15. Calculate the regression equation of X on Y and Y on X from the following data and K6 CO5
estimate X when Y = 26
X 10 12 13 17 18 20 24 30
Y 5 6 7 9 13 15 20 21

16. Obtain optimal solution by using MODI method. K6 CO5

Factory/ W1 W2 W3 W4 Availability
Warehouse
F1 48 60 56 58 140

F2 45 55 53 60 260

F3 50 65 60 62 360

F4 52 64 55 61 220

Requirement 200 320 250 210 980

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