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Tutorial1 (Introduction To Statistics)

This document contains a tutorial sheet with statistics questions from the Institute of Finance Management. It includes questions on differentiating statistical concepts, describing sampling techniques and levels of measurement, explaining data collection methods, organizing and analyzing accounting conference data, interpreting population data on median age and obesity rates, and constructing cumulative frequency distributions to analyze and compare polythene bag bursting pressure data from two manufacturers.

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Patric Cletus
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445 views

Tutorial1 (Introduction To Statistics)

This document contains a tutorial sheet with statistics questions from the Institute of Finance Management. It includes questions on differentiating statistical concepts, describing sampling techniques and levels of measurement, explaining data collection methods, organizing and analyzing accounting conference data, interpreting population data on median age and obesity rates, and constructing cumulative frequency distributions to analyze and compare polythene bag bursting pressure data from two manufacturers.

Uploaded by

Patric Cletus
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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THE INSTITUTE OF FINANCE MANAGEMENT (IFM)

Department of Mathematics
MTU 07203: Business Statistics I
Tutorial Sheet ONE
Statistics Questions - 1st June to 21st June, 2020

Question One
a) Differentiate the following concept as applied in statistics
i) Sample and population
ii) Sample and censuses
iii) Parameters and variables
iv) Descriptive and inferential statistics
v) Discrete and continuous data
vi) Quantitative and qualitative data
b) Describe the four types of level of measurement
c) Indicate which level of measurement is being used in the given scenario
i) The number of children in your family
ii) Student classified their reading ability
iii) Year of important historical events
iv) Amount of money you have in your pocket
v) Grade three teacher measure the height of the student
vi) List of the top five national parks in Tanzania
vii) Monthly income of 150 part-time teachers in IFM

Question Two
a) Explain the following sampling techniques.
i) simple random sampling
ii) systematic sampling
iii) stratified sampling
iv) quota sampling
v) convenient sampling

b) Name the sampling method used in each of the following situation;

i) A woman in the airport is handling out questionnaires to travelers asking them to evaluate
the airports service. She does not ask travelers who are hurrying through the airport with
their hands full of luggage, but instead asks all travelers who are sitting near gates and
not taking naps while they wait.

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ii) A teacher wants to know if her students are doing homework, so she randomly select
rows two and five and then calls on all students in row two and all students in row five to
present the solutions to homework problems to the class.
iii) The marketing manager for an electronics chain store wants information about the ages of
its customers. Over the next two weeks, at each store location, 100 randomly selected
customers are given questionnaires to fill out asking for information about age, as well as
about other variables of interest.
iv) The librarian at a public library wants to determine what proportion of the library users
are children. The librarian has a tally sheet on which she marks whether books are
checked out by an adult or a child. She records this data for every fourth patron who
checks out books.
v) A political party wants to know the reaction of voters to a debate between the candidates.
The day after the debate, the party’s polling staff calls 1,200 randomly selected phone
number. If a registered voter answers the phone or is available to come to the phone that
registered voter is asked whom he or she intends to vote for and whether the debate
changed his or her opinion of the candidates.

Question Three
(a) Differentiate between primary and secondary data

(b) Explain the following data collection methods


i) Questionnaires
ii) interview
iii) Observation
iv) Documentary review
v) Experimentation

Question Four
In a recent issue of the NBAA magazine, 84 accounting conferences were announced. Four conferences
lasted two days. Thirty-six lasted three days. Eighteen lasted four days. Nineteen lasted five days. Four
lasted six days. One lasted seven days. One lasted eight days. One lasted nine days. Let X = length (in
days) of an engineering conference.

i) Organize the data in a chart.


ii) Find the median, the first quartile, and the third quartile.
iii) Find the 65th percentile
iv) Find the 10th percentile
v) The middle 50% of the conferences last from _______days to _______days.
vi) Calculate the mean of days of accounting conferences.
vii) Calculate the standard deviation of days of accounting conferences

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viii) Find the mode.
ix) If you were planning an accounting conference, which would you choose as the length of
the conference: mean; median; or mode? Explain why you made that choice.

Question Five
Given the data below

56 76 78 45 34 67 45 67 89 70
23 45 23 45 34 45 45 67 74 34
34 36 45 46 35 57 67 58 54 56
78 75 78 47 36 67 58 69 65 76
79 49 65 48 87 67 45 60 65 87
56 60 56 49 76 68 68 64 65 79
76 76 57 39 67 69 69 65 75 67
74 58 58 48 57 56 67 63 75 78

i) Compile a grouped frequency distribution for these data.


ii) Draw the histogram and a frequency polygon on the same graph.
iii) Draw a less than and a more than cumulative frequency curve on the same graph.
iv) Evaluate mean, median, mode, inter-quartile range, variance and Standard deviation

Question Six
a) The median age of the Tanzanian population in 1980 was 16.8 years. In 2020, the median age is 18
years.
i) What does it mean for the median age to rise?
ii) Give two reasons why the median age could rise.
iii) For the median age to rise, is the actual number of children less in 2020 than it was in
1980? Why or why not?

b) The most obese countries in the world have obesity rates that range from 11.4% to 74.6%. This data is
summarized in the following table.

Percent of Population obese Number of countries


11.45 ― 20.45 29
20.45 ― 29.45 13
29.45 ― 38.45 4
38.45 ― 47.45 0
47.45 ― 56.45 2
56.45 ― 65.45 1

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65.45 ― 74.45 0
74.45 ― 83.45 1
i) What is the best estimate of the average obesity percentage for these countries?

ii) The United States has an average obesity rate of 33.9%. Is this rate above average or below?

iii) How does the United States compare to other countries?

c) Suppose that samples of polythene bags from two manufacturers A and B are tested by prospective
buyers for busting pressure, with the following results

Bursting pressure Number of bags


(mg) Manufacturer A Manufacturer B
4.5 – 9.0 3 6
9.5 – 14.0 10 13
14.5 – 19.0 28 16
19.5 – 24.0 44 28
24.5 – 29.0 13 22
29.5 – 34.0 4 11

i) Construct the less than and more that cumulative frequencies distribution
ii) Compute the coefficient of mean deviation for company B
iii) If the prices are the same, which manufacturer’s bags would be preferred by the
buyer? Explain.

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