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QAM 601 (Sample Question paper)
STATISTICS FOR MANAGEMENT
Mapped Subjects: QAM 601
[Max Marks: 70]
Note: Attempt Questions from all sections as directed.
Section A - Attempt any Two questions out of Four. Each question carries 7.50 marks. [15marks]
Question No: 1
Business statistics is Science or Arts, justify the statement.
ANSWER:-
Business statistics defies a simple "science or art" classification. It's a hybrid discipline exhibiting
characteristics of both:
Science:
Rigorous methods: Employs well-established statistical techniques for data collection, analysis, and
interpretation based on proven theoretical principles.
Quantifiable data: Relies on objective and measurable data, minimizing ambiguity and enhancing
the reliability of insights.
Empirical testing: Hypotheses are tested using statistical tools, leading to evidence-based
conclusions instead of guesswork.
Generalizable principles: Statistical laws and methods hold true across diverse business contexts,
enabling broader application and comparison.
Art:
Contextual interpretation: Selecting appropriate tests, framing questions based on business goals,
and interpreting results accurately require domain knowledge and understanding of the specific
context.
Creativity and judgment: Effective application involves creative problem-solving, critical thinking to
identify limitations and assumptions, and judgment in choosing the most relevant results.
Communication and storytelling: Presenting data findings clearly and compellingly for diverse
audiences demands strong communication skills and the ability to translate data into actionable
insights.
Experience and intuition: Seasoned statisticians develop an intuition for data patterns and potential
pitfalls, guiding the selection of methods and analysis approaches.
Therefore, business statistics is neither purely science nor solely art. It's a powerful combination of
both, where scientific methods provide the analytical foundation, while human expertise and artistry
add the contextual interpretation and communication skills needed to make data truly impactful for
business decision
Question No: 2
From the following table provides data on marks obtained by 50 students in a class for the
subject of statistics
Marks 10-20 20-30 30-40 40-50 50-60 60-70
Frequency 2 8 7 10 8 6
Draw a histogram and write your observations.
ANSWER:-
Marks Frequency Percentage
(10, 20] 2 4.88%
(20, 30] 8 19.51%
(30,40) 7 17.07%
(40,50) 10 24.39%
(50,60) 8 19.51%
(60,70) 6 14.63%
12
10
6 Frequency
Percentage
4
0
(10, 20] (20, 30] (30,40) (40,50) (50,60) (60,70)
Question No: 3
In the examination of Business Statistics, the marks of 50 students of BBA are given below:
Marks 0 – 10 10 - 20 20 – 30 30 – 40 40 – 50 50 – 60 60 - 70
No. Of Students 4 7 9 14 7 4 5
Find standard deviation for the marks of students.
ANSWER:-
Marks | Midpoint (x) | Frequency (f) | x*f | x^2*f
-----------------------------------------------------
0 - 10 | 5 | 4 | 20 | 100
10 - 20 | 15 | 7 |105 |1575
20 - 30 | 25 | 9 |225 |5625
30 - 40 | 35 | 14 |490 |17150
40 - 50 | 45 | 7 |315 |14175
50 - 60 | 55 | 4 |220 |12100
60 - 70 | 65 | 5 |325 |21125
-----------------------------------------------------
Σ | 52 |1680 |73450
Mean (μ) = Σ(x*f) / N = 73450 / 52 = 1412.5
Mean (μ) = Σ(x*f) / N = 73450 / 52 = 1412.5
Now, calculate the variance:
Variance (σ^2) = [Σ(x^2*f) / N] - μ^2
= [1680 / 52] - (1412.5)^2
= 32.3077
Finally, calculate the standard deviation:
Standard Deviation (σ) = √Variance
= √32.3077
≈ 5.69 (rounded to two decimal places)
So, the standard deviation for the marks of the students is
approximately 5.69.
Question No: 4
A bag contains 5 red, 6 blue and 7 black cards. If one card is drawn at random, find the probability
that it is black.
ANSWER:-
To find the probability of drawing a black card, you can use the following formula:
𝑁𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑓𝑎𝑣𝑜𝑟𝑎𝑏𝑙𝑒 𝑜𝑢𝑡𝑐𝑜𝑚𝑒𝑠
P(Black)=
𝑻𝒐𝒕𝒂𝒍 𝒏𝒖𝒎𝒃𝒆𝒓 𝒐𝒇 𝒑𝒐𝒔𝒔𝒊𝒃𝒍𝒆 𝒐𝒖𝒕𝒄𝒐𝒎𝒆𝒔
In this case, the number of favorable outcomes is the number of black cards, which is
7, and the total number of possible outcomes is the total number of cards in the bag,
which is the sum of red, blue, and black cards (5 + 6 + 7 = 18).
P(Black)= 7
18
7
So, the probability of drawing a black card is18
Section B - Compulsory Questions. Each question carries 7.50 marks. [15
Marks]
The blood groups of 200 people are distributed as follows: 50 have type A blood, 65 have B blood
type, 70 have O blood type and 15 have type AB blood. A person from this group is selected at
random.
Question No: 1
What is the probability that this person has O blood type?
ANSWER:-
To find the probability that a randomly selected person has blood
type O, you can use the formula for probability:
𝑵𝒖𝒎𝒃𝒆𝒓 𝒐𝒇 𝒑𝒆𝒐𝒑𝒍𝒆 𝒘𝒊𝒕𝒉 𝒃𝒍𝒐𝒐𝒅 𝒕𝒚𝒑𝒆 𝑶
P(O)= 𝐓𝐨𝐭𝐚𝐥 𝐧𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐩𝐞𝐨𝐩𝐥𝐞
In this case, the number of people with blood type O is 70, and the total number of people is
200.
70
P(O)=
200
Simplify the fraction if possible:
7
P(O)=
20
𝟕
So, the probability that a randomly selected person has blood type O is𝟐𝟎
Question No: 2
What is the probability that this person has AB blood type?
ANSWER:-
To find the probability that a randomly selected person has AB blood type, you can
use the same formula for probability:
𝑵𝒖𝒎𝒃𝒆𝒓 𝒐𝒇𝒑𝒆𝒐𝒑𝒍𝒆 𝒘𝒊𝒕𝒉 𝒕𝒚𝒑𝒆 𝑨𝑩
P(AB)= 𝐓𝐨𝐭𝐚𝐥 𝐧𝐮𝐦𝐛𝐞𝐫 𝐨𝐟 𝐩𝐞𝐨𝐩𝐥𝐞
In this case, the number of people with blood type AB is 15, and the total number of
people is 200.
15
P(AB)=
200
Simplify the fraction if possible:
3
P(AB)=
40
𝟑
So, the probability that a randomly selected person has blood type AB is
𝟒𝟎
Section C - Compulsory Questions. Each question carries 2.00 marks. [40
Marks]
Question 1
If the assumed hypothesis is tested for rejection considering it to be true is called?
Option 1
Null hypothesis
Option 2
Statistical hypothesis
Option 3
Simple hypothesis
Option 4
Composite Hypothesis
Question No.2
A statement whose validity is tested on the basis of a sample is called
Option 1
Null hypothesis
Option 2
Statistical hypothesis
Option 3
Simple hypothesis
Option 4
Composite hypothesis
Question No.3
If the null hypothesis is false, then which of the following is accepted?
Option 1
Null hypothesis
Option 2
Statistical hypothesis
Option 3
Simple hypothesis
Option 4
Alternative hypothesis
Question No.4
The point where the Null Hypothesis gets rejected is called as?
Option 1
Significant value
Option 2
Rejection value
Option 3
Acceptance value
Option 4
Critical value
Question No.5
From a pack of 52 cards, two cards are drawn together at random. Estimate the probability
of
both cards being king?
Option 1
3/1326,
Option 2
8/52,
Option 3
8/51,
Option 4
None of these
Question No.6
A (blind folded) marksman find that on the average he hits the target 4 times out of 5. If he
fires
4 shots, Estimate the probability of more than two hits?
Option 1
3/20,
Option 2
7/20,
Option 3
17/32
Option 4
None of these
Question No.7
The probability that a contractor will get a plumbing contract is 2/3 and the probability
that he
will not get an electric contract is 5/9. If the probability of getting at least one contract is
4/5.
Determine the probability that he will get both?
Option 1
10/27,
Option 2
15/18
Option 3
13/35
Option 4
None of these
Question No.8
Bag “I” contains 4 white and 6 black balls while another Bag II contains 4 white and 3 black
balls. One ball is drawn at random from one of the bags and it is found to be black. Find the
probability that it was drawn from Bag I.
Option 1
2/3,
Option 2
5/7,
Option 3
7/12,
Option 4
1/5,
Question No.9
A man is known to speak truth 2 out of 3 times. He throws a die and reports that number
obtained is a four. Find the probability that the number obtained is a four.
Option 1
2/7,
Option 2
3/7,
Option 3
5/7,
Option 4
4/7,
Question No.10
A biased dice is thrown 30 times and the number of six seen is eight. If the die is thrown a
further twelve times find the probability that a six occur exactly twice?
Option 1
0.345
Option 2
0.211
Option 3
0.762
Option 4
0.98
Question No.11
Tickets numbered 1 to 20 are mixed up and then a ticket is drawn at random. Find the
probability
that the ticket drawn has a number which is a multiple of 3 or 5?
Option 1
1/2,
Option 2
2/5,
Option 3
8/15,
Option 4
9/20,
Question No.12
A bag contains 2 red 3 green and 2 blue balls. Two balls are drawn at random. Find the
probability that none of the ball drawn is blue?
Option 1
10/21,
Option 2
11/21,
Option 3
2/7,
Option 4
5/7,
Question No.13
In a box, there are 8 red 7 blue and 6 green balls. One ball is picked up randomly. Find the
probability that it is neither red nor green?
Option 1
1/3,
Option 2
3/4,
Option 3
7/19,
Option 4
None of the mentioned
Question No.14
If the value of r is 0 then its shows
Option 1
Perfect positive correlation
Option 2
Perfect negative correlation
Option 3
No correlation
Option 4
Moderate negative correlation
Question No.15
Relationship between more than three variables is called
Option 1
Simple correlation
Option 2
Multiple correlation
Option 3
No correlation
Option 4
None of these
Question No.16
Coefficient of rank correlation represented by
Option 1
Me
Option 2
Mo
Option 3
Option 4
All of these
Question No.17
Coefficient of correlation of quantitative data is determined by
Option 1
Scatter diagram method
Option 2
Karl Pearson method
Option 3
Rank correlation method
Option 4
A and B only
Question No.18
If the value of r is exactly 0.4 then its shows
Option 1
Perfect positive correlation
Option 2
Perfect negative correlation
Option 3
Moderate negative correlation
Option 4
Moderate positive
Question No.19
Term statistics originated from the word
Option 1
Statista
Option 2
Status
Option 3
Statistique
0ption 4O
All of these
Question No.20
The study of relation of more than two variable is called
Option 1
Regression
Option 2
Multiple correlation
Option 3
Sampling
Option 4
None of these
