Punjab College, Sambrial Assignment: Value of Mode?

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Punjab College, Sambrial

Assignment
Subject: Business Statistics Class: I.Com Part-II
Time Allowed: 5 hours
1. Write short answers to the following questions.
1) Write two merits of median.
2) For a certain frequency distribution, the value of Mean is 15 Median is 20 what will be
value of Mode?
3) Define composite index number.
4) Define Chain Base Method.
5) Differentiate between link relative and price relatives.
6) Find A.M given that x=10+5u, ∑fu=46 and n=125.
7) Calculate A.M using Indirect Method from the data: 5, 10, 15, 5, 7, 3, 20, 40, 0, 35.
8) Find Mean from the following distribution.
f 5 15 20 12 3
x 60 61 62 63 64
9) Define median.
10) Write any two properties of A.M.
11) Define simple index.
12) Define arithmetic mean.

13) If l  25.5, f m  65, f1  60, f 2  50 and h  15 , compute Mode.

14) If l  5.5, h  10, f  60, n  250 and c  140 , find Median.


X  40
If U  ,  fU  250 and  f  120
15) 5 , find Mean.
16) Define types of Index Numbers.
17) Define index numbers.
18) Write the names of types of average.
19) What is Weighted Mean?
20) What is relationship between mean, median and mode for constant distribution?
21) Write down three demerits of Arithmetic Mean.
22) What is meant by measure of central tendency?
23) A teacher of Accounting reported mean grades of 70, 80 and 65 for three sections
consisted of 40, 45 and 50 students respectively. Find the mean grade for all sections.
24) Write down methods for finding median from ungroup data.
25) Write any two properties of A.M.
26) Define simple index.
27) Differentiate between arithmetic mean and weighted mean.
28) In a symmetrical distribution arithmetic mean is 10. Find the value of median and mode.
29) Define fixed base method of index number.
30) Define mode with examples.
31) Find out Arithmetic Mean given Σx = 308, n = 7
32) Write two merits of median.
33) For a certain frequency distribution, the value of Mean is 15 Median is 20 what will be
value of Mode?
34) Define composite index number.
35) Define simple index numbers.
36) Compute the median for the following data 3, 11, 7, 4, 10 and 12.
37) Define price relative.
38) Compute the mode for the following data 3, 11, 7, 4, 10, 11and 12.
39) Calculate mean from the following data 5,10,15,20,25

40) If l  15.5, f m  55, f1  10, f 2  11 and h  5 , compute Mode.


41) Write the names of types of average.
42) What is relationship between mean, median and mode for constant distribution?
43) Calculate mid-Point(X) for the class limit 4 to 6.
44) Write three merits of A.M.
Part-II
2. Calculate price index numbers for 2001 to 2004 by taking 2001 as base using simple
aggregative and simple average method.
Prices
Years A B C
2009 20 88 50
2010 23 75 60
2011 25 90 65
2012 30 80 80

3. Compute chain index using median as an average for the following data.

Year Fire Soft Coal Oil Matches


s Wood
2006 3.25 2.50 0.20 1
2007 3.44 2.80 0.22 1.5
2008 3.50 2.00 0.25 1.5
2009 3.75 2.60 0.25 2
2010 3.80 2.7 0.30 2
2011 4.0 2.8 0.35 2.5
2012 4.5 3.0 0.4 3

4. (a) Compute Mode for the following distribution.


Height in Inches 54-56 57-59 60-62 63-65 66-68 69-71
No. of Students 3 5 18 42 27 8

(b) Calculate simple weighted average for the data.


Items 14 25 32 48 50 55 72 80
Weight 2 28 35 2 6 12 4 5

5. Calculate price index number for given data:


i. By taking 1990 as base
ii. By taking average of first 3 years as base
iii. By chain base method
Years: 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Price: 22.5 25 27.5 30 33 35 22.5 37.5 27 40


6. (a) Calculate arithmetic mean from the following data:
Group 60-62 63-65 66-68 69-71 72-74
Frequency 5 18 42 27 8

(b) Find median from the following data:


Group 110-120 120-130 130-140 140-150 150-160
Frequency 6 9 12 8 5
7. (a) Calculate arithmetic mean by three methods from the following data:
Marks 10-19 20-29 30-39 40-49 50-59 60-69 70-79 80-89 90-99
No. of 1 3 11 21 43 55 29 15 2
Students

8. Find median and mode from the following data:

Group 0- 5- 10-15 15-20 20- 25-30 30-35 40-45 45-50 50-55


s 5 10 25
f 3 4 9 11 25 20 13 11 9 3

9. Calculate price index numbers for 2001 to 2004 by taking 2001 as base using simple
aggregative and simple average method.
Prices
Years A B C
2001 18 85 52
2002 22 76 60
2003 28 80 66
2004 31 85 80
10. Calculate price index number for given data:
iv. By taking 1990 as base
v. By taking average of first 3 years as base
vi. By chain base method
Years 1990 1991 1992 1993 1994 1995
Price 65 72 75 80 85 82
11. From the following data compute chain index numbers using mean as average.
Year A B C
1991 8.50 9 11.42
1992 8.25 8.5 10.63
1993 10.20 8 12.50
1994 10.58 7.5 9.78
1995 9.50 7 10

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