31 vues

Transféré par ASHISH

- ips_eng
- Aditya PO Final
- Vedic Maths
- Tata Infotech
- International Marketing for Mba
- Accounting Glossary
- Sampling Distribution
- Sampling Distributions Q
- Sampling Distributions
- Sampling and Sampling Distributions
- QM Ch 14 LP+Transp
- QM Ch 12 Non Parametric Methods
- QM Ch 9 Corr Coeff
- QM Ch 5 Conf Interval
- QM Ch 3 Sampl Distr
- Probablity Distributions
- Standard Error of the Mean Central Limit Theorem
- The Subtle Art of Not Giving a F*ck: A Counterintuitive Approach to Living a Good Life
- Sapiens: A Brief History of Humankind
- Hidden Figures: The American Dream and the Untold Story of the Black Women Mathematicians Who Helped Win the Space Race

Vous êtes sur la page 1sur 2

(Sampl)

There had been a growing uneasiness, lack of dedication and lethargic attitude - resulting in a escalating attrition rate

among the employees in the data-processing unit of ‘Finex’, the young and reputed consulting company, operating in

Bangalore. Probing into the matter, the HR manager, Ms. Lobo found that the chord of discontent was rising from the

disparity among the salaries of the employees in this department. The discrepancy between the highest and the lowest

monthly income was rather high - approximately Rs. 15,000. Ms. Lobo wanted to solve the matter from the roots,

which obviously called for understanding and evaluating the psychology of these employees, their attitude towards

Finex and other related issues. She was of the opinion that to make a thorough and intricate study, every employee in

this unit should be included – which she was convinced would be a mammoth task.

Being a large company spread all over Bangalore, Finex was proud of its large work-force. After a lot of convincing by

the head of the analysis unit that, Ms. Lobo decided that instead of including every employee in the data-processing

unit, a sample of optimum size should be chosen. It was now required to estimate the size of sample that should be

selected in order to yield an average monthly income, which shall be within Rs.500 around the actual average monthly

income 95% of the time.

The operations and maintenance manager, Mr. Olann, had just come out of his boss’ office after an arduous ordeal on

this busy Saturday morning at ‘Digitron’, the multinational computer manufacturing company. Corporate giants as

Digitron could very well boast of the ‘zero-error’ computers it manufactures. So large was the scale of operations that,

at any given time there would be 10,000 PCs ready for shipment.

It all started with the Customer Care Executive, who submitted the last month’s report of customer feedback to his

supervisor, as was his job – a large number of PCs were reported to be malfunctioning. This malfunctioning had a two-

fold impact - not only would the company incur a huge repair-expenditure, but also lose a large amount of precious

work hours. This was something Digitron could not afford to tolerate.

To identify the origin of the problem Mr. Olann decided to conduct a pilot survey. A simple random sample of 100 PCs

was selected without replacements. Technicians were deputed to examine the conditions of the PCs selected, and to

calculate the cost of needed repairs. The results of this inspection were as follows:

• sample average repair cost = Rs. 830

• sample standard deviation of repair cost = Rs. 110.

Mr. Olann, not satisfied with just a mere 100 PCs, wanted some additional PCs to be sampled and examined. Find this

extra number such that the estimate of the total cost of repairing all PCs (formed by pooling the observations in the

pilot and the planned sample) is to be within Rs. 100000 of the true total cost with probability 90%?

Perfume bottles were coming down the conveyor belt at the far end of the factory. The foreman was standing at this

corner, looking rather tired and intensely bored with the monotony of his work. He was trying to assess the percentage

of the number of defective bottles and hoping that the number would be a small one!

He had taken some bottles (called a lot) off the conveyor belt, checked them (very lethargically) for any detectable

defects, and to his utter dismay, found that there were four defective bottles in the lot. Feeling quite apprehensive, he

proceeded to select four more lots, which gave him devastating results – five, one, three and two ‘defectives’!

He immediately reported the matter to his supervisor, who decided to stop the production and check for any technical

malfunctioning of the three machines responsible for the manufacturing of these bottles. A bottle can be manufactured

by any one of the machines.

(a) Usually the number of defects in a lot is quite a small no. What probability distribution is the no. of defects

likely to follow? Why?

(b) A bottle was found to be defective. The foreman wonders which machine the defective bottle had come from.

What technique of probability theory would help him answer his query? Give justification for your answer.

♦ Mr. Prashant, the vice president of Citibank is busy discussing the feasibility of the Platinum Credit Card.

1

♦ The discussion obviously hovered around different aspects of the affluent people of the society - the whims of their

behaviour, their attitude towards spending, frequency of ‘big’ purchases, et cetera.

♦ Among the stentorian male voices, a mild female voice was heard - it was Ms. Minu, the resident statistician.

♦ Ms. Minu: “Are we really clear on the definition of ‘affluent’? Well, who is ‘poorest’ among these rich people?”

♦ A survey done last year for launching the ‘Elite Card’ revealed the display of income among the rich of the society.

It was decided that not more than 0.57 % of these ‘rich’ people should be considered for the ‘Platinum Card’;

under the apprehension that too many astronomical transactions would be difficult to handle immediately. The

number of such cards issued may be increased later, depending on their acceptability and the capacity of the bank.

As accounts manager in your company, you classify 75% of your customers as "good credit" and the rest as "risky

credit" depending on their credit rating. Customers in the "risky" category allow their accounts to go overdue 50% of

the time on average, whereas those in the "good" category allow their accounts to become overdue only 10% of the

time.

(a) What percentage of overdue accounts is held by customers in the "risky credit" category?

Astounded by the overwhelming sales of CDs of ‘Soft Rock’, the manager of a renowned music store realised that he

need to do something about the pressing demand of his ‘Soft Rock’ loving customers.

Procrastination in taking a decision about the number of such CDs he must immediately order, may lead to disgruntled

customers, who may eventually start patronising his competitor across the road.

After all it is the customers’ world! He quickly assembled data on the daily sales (in units) of ‘Soft Rock’ CDs sold

over the last few days.

(a) Over the next few days, while this surge is on, what is the minimum number of CDs he should keep in

store so that on any day no customer returns empty handed?

(b) He considers selling less than 200 CDs a day as a ‘bleak’ sale (too optimistic!). How many days in the next

month, would be a witness to these ‘bleak’ sales?

- ips_engTransféré parhanamant1991
- Aditya PO FinalTransféré parASHISH
- Vedic MathsTransféré partargettutorials5740
- Tata InfotechTransféré parASHISH
- International Marketing for MbaTransféré parASHISH
- Accounting GlossaryTransféré parASHISH
- Sampling DistributionTransféré parASHISH
- Sampling Distributions QTransféré parASHISH
- Sampling DistributionsTransféré parASHISH
- Sampling and Sampling DistributionsTransféré parASHISH
- QM Ch 14 LP+TranspTransféré parASHISH
- QM Ch 12 Non Parametric MethodsTransféré parASHISH
- QM Ch 9 Corr CoeffTransféré parASHISH
- QM Ch 5 Conf IntervalTransféré parASHISH
- QM Ch 3 Sampl DistrTransféré parASHISH
- Probablity DistributionsTransféré parASHISH
- Standard Error of the Mean Central Limit TheoremTransféré parASHISH

- Perio TestTransféré parDentist Here
- 2SK3053Transféré parPatrick Gonzalez
- Idef0 ModelTransféré parZincaDiana
- Hort 30fhghfTransféré parAj Fadul
- The Selling ProcessTransféré parashishrajmakkar
- Passive VoiceTransféré parAditya Herlin Pradana
- Watts - Stresses in a Pressure Vessel With a Conical HeadTransféré parm5416
- 22805-Liva Muizniece 2012Transféré parMark Francis
- Method of Tension CoefficientsTransféré parPrataprao Patil
- Clinical critics in the management of diabetes mellitus.pdfTransféré parAri Azhari
- SPERRY MARINE ES 5100 ECHOSOUNDER.pdfTransféré partariktunad
- Home WorksTransféré parLeigh Dawson
- Predicting Effectiveness for m and Lang Kinetics in Spheres - JianhuiTransféré parbalupost
- Why We Still Need Public SchoolsTransféré parMiddle Wisconsin
- Revised Student Data to Upload 8 AugTransféré parVasu
- How to creat Proc in iProcess and call them in BWTransféré parThulasiRam Yadav Vuthavaandla
- BAB 1Transféré paralternative012015
- Instantaneous Codes, Kraft-McMillan InequalityTransféré parAlice Karayiannis
- ISyE+3103+Syllabus+Presentation+Spring+2014Transféré parghabel11
- 11. Prince Transport v GarciaTransféré parRush B Parcon
- Basic Sample Investment Policy StatementTransféré parRory O Donovan
- A Stroke Recovery GuideTransféré parmanjukumard2007
- Chapter 3Transféré parChrisYap
- Math March 19 DemoTransféré parSi Yue
- Surat Shabd YogaTransféré parnieotyagi
- Cartier - Group 8Transféré parAayanRoy
- Hands on Training on Computer Vision and Analytics. By D.KesavarajaTransféré parD.KESAVARAJA
- GUIDELINES FOR THE GEOLOGIC EVALUATION OF DEBRIS-FLOW HAZARDS ON ALLUVIAL FANS IN UTAH.pdfTransféré parHenry Abraham
- KEI-PL-2102T~0_Flowline Carbon Steel SpecTransféré parajaykg
- eth-5889-02Transféré parAlexandreSidant