University : Teerthanker Mahaveer University

College : Teerthanker Mahaveer College of Management & Computer Applications

Degree : MBA
Subject : MBA104 Business Statistics
Semester : I
Document Type : Question Paper
Website : tmu.ac.in
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MBA I SEMESTER EXAMINATION 2010-11
Course Code : MBA104 Paper ID: 0401112
Business Statistics
Time : 3 Hours Max. Marks: 75
Note : Attempt six questions in all. Q. No. 1 is compulsory.
1. Answer any five of the following (limit your answer in 50 words). (35=15)
a) Explain arithmetic mean with its merits and demerits.
b) What do you mean by time series analysis- What are its main componentsc) Discuss the terms (i) Random experiment
(ii) Mutually exclusive events (iii) Independent events.
d) Define classical definition of probability with its limitations.
e) Differentiate between population and sample.
f) Differentiate between correlation and regression analysis.
g) What is meant by testing of hypothesis- Explain.
h) What is an index number- Explain its significance.
2. Calculate mean deviation about median for the following data : (12)
Class intervals 0-10 10-20 20-30 30-40 40-50 50-60 60-70 Frequency 8 12 10 8 3 2
3. Describe median and mode with their merits and demerits. (12)
4. State and prove Bayes theorem. How is it used in proper decision making- (12)
5. Explain various methods of studying correlation. Interpret the meaning
of the values of the coefficient of correlation as 0 and 1. (12)
6. Describe 2 test for testing the goodness of fit. 1000 families were
selected at random in a city to test the belief that high income families
usually send their children to public schools and the low income
families often send their children to government schools. The following
results were obtained. (12) Income School Public Govt.High 370 430Low 130 70

Test whether income and type of schooling are independent at 5% level

of significance. (Given that x21,.05 = 3.84)
7. Explain how trend is eliminated from a time series by moving average
method from the following data. Calculate the trend values using fouryearly
moving average : (12)
Year 1989 1990 1991 1992 1993 1994 1995 1996 1997
Values 506 620 1036 673 588 696 1116 738 663
8. Define t-test with its applications. An operative claims that he produces
40 articles in an hour. A sample of 10 random hours shows the turns out
as 43, 45, 38, 37, 41, 42, 44, 39, 43 and 38. Is the claim of the operative
reasonable significant at 5% level of significance- (Use t9 = 1.833).
(12)