uant|tat|ve 1echn|ques for 8us|ness Management

Ass|gnment for ILS G D|v A and D|v 8

1)uraw an oglve for Lhe followlng dlsLrlbuLlon 8ead Lhe medlan from Lhe graph and verlfy your resulL
by Lhe maLhemaLlcal formula Also obLaln Lhe llmlLs of lncome of Lhe cenLral 30 of Lhe employees
Weekly
lncome(8s)
number of
Lmployees
Weekly
lncome(8s)
number of
Lmployees
330 6 700730 16
330600 10 730800 12
600630 22 800 13
630700 30

" A number of lLems have been classlfled accordlng Lo Lhelr welghLs AfLer drylng for Lwo weeks Lhe
same lLems have agaln been welghLed and slmllarly classlfled lL ls known LhaL Lhe medlan welghL ln Lhe
flrsL welghlng was 2083g whlle ln Lhe second welghlng lL was 1733 g Some frequencles f and ln
Lhe flrsL and and ln Lhe second welghlng are mlsslng lL ls known LhaL f$and$ llnd ouL Lhe
values of Lhe mlsslng frequencles
Class lnLerval lrequencles
l ll
03 a x
310 b y
1013 11 40
1320 32 30
2023 73 30
2330 22 28

3) llnd Lhe mlsslng lnformaLlon


4) Mean and sLandard devlaLlon of Lhe followlng conLlnuous serles are 31 and 39 respecLlvely 1he
dlsLrlbuLlon afLer Laklng sLep devlaLlons ls as follows
SLep devlaLlon d 3 2 1 0 1 2 3
lrequency f 10 13 23 23 10 10 3
ueLermlne Lhe acLual class lnLervals
Croup l Croup ll Croup lll Comblned
number 30 ? 90 200
SLd uevlaLlon 6 7 ? 7746
Mean 113 ? 113 116
Q5) A doctor has decided to prescribe 2 new drugs to 200 heart patients in the Iollowing manner:
50 get drug A, 50 get drug B and 100 get both. Drug A reduces the probability oI heart attack by
35, drug B reduces the probability by 20 and the 2 drugs when taken together, work
independently. The 200 patients were chosen so that each has an 80 chance oI having a heart
attack. II a randomly selected patient has a heart attack, What is the probability that the patient
was given both the drugs?

Q6) The sales manager oI an exclusive shop that sells leather clothing decides at the beginning oI
the winter season, how many Iull-length leather coats to order. These coats cost Rs. 500 each,
and will sell Ior Rs. 1000 each. Any coat leIt over at the end oI the season will have to be sold at
a 20 discount inorder to make room Ior summer inventory. From past experience, he knows
that the demand Ior the coats has the Iollowing probability distribution:
No. oI coats demanded: 8 10 12 14 16
Probability: 0.10 0.20 0.25 0.30 0.15
He also knows that there is never any problem with selling all leItover coats at a discount
a) II he decides to order 14 coats, what is the expected proIit?
b) How would the answer to part (a) change iI the leItover coats were sold at a 40
discount?

Q7)The owner oI a Pizza Hut` has experienced that he always sells between 12 and 15 oI his
Iamous brand Extra Large` pizzas per day. He prepares all oI them in advance and stores them
in the reIridgerator. Since the ingredients go bad within one day, unsold pizzas are thrown out at
the end oI each day. The cost oI preparing each pizza is Rs. 120 and he sells each one Ior Rs.
170. In addition to the usual cost, it costs him Rs. 50 per pizza that is ordered but cannot be
delivered due to insuIIicient stock. II Iollowing is the probability distribution oI the number oI
pizzas ordered each day, then how many Extra Large` pizza should he stock each day inorder to
minimise expected loss?
No. oI Pizzas demanded: 12 13 14 15
Probability : 0.40 0.30 0.20 0.10

Q8)A dice is thrown 49,152 times and oI these 25,145 yielded either 4, 5, and 6. Is this
consistent with the hypothesis that the dice must be unbiased.