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    PS Fall2020M

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    Talha Mansoor
    The document provides instructions for a midterm examination in Introduction to Statistics at IQRA University's Karachi campus. It specifies the exam date, submission date, instructors, program, and department. It lists 6 questions and provides space for students to show their work. Students are instructed to upload their answers in Microsoft Word by a certain date, following specific formatting and submission guidelines. They are advised to provide original, relevant conceptual answers and avoid plagiarism.

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    PS Fall2020M

    Uploaded by

    Talha Mansoor
    55 views11 pages
    The document provides instructions for a midterm examination in Introduction to Statistics at IQRA University's Karachi campus. It specifies the exam date, submission date, instructors, program, and department. It lists 6 questions and provides space for students to show their work. Students are instructed to upload their answers in Microsoft Word by a certain date, following specific formatting and submission guidelines. They are advised to provide original, relevant conceptual answers and avoid plagiarism.

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    The document provides instructions for a midterm examination in Introduction to Statistics at IQRA University's Karachi campus. It specifies the exam date, submission date, instructors, program, and department. It lists 6 questions and provides space for students to show their work. Students are instructed to upload their answers in Microsoft Word by a certain date, following specific formatting and submission guidelines. They are advised to provide original, relevant conceptual answers and avoid plagiarism.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    55 views11 pages

    PS Fall2020M

    Uploaded by

    Talha Mansoor
    The document provides instructions for a midterm examination in Introduction to Statistics at IQRA University's Karachi campus. It specifies the exam date, submission date, instructors, program, and department. It lists 6 questions and provides space for students to show their work. Students are instructed to upload their answers in Microsoft Word by a certain date, following specific formatting and submission guidelines. They are advised to provide original, relevant conceptual answers and avoid plagiarism.

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    © All Rights Reserved
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    IQRA UNIVERSITY (IU)

    Karachi Campus

    Subject : Introduction to Statistics Exam Start Date: 22 Nov, 2020


    Instructor: Haider Abbas / Safdar Exam Submission Date: 28 Nov,
    Hussain / Hassam Siddiqui / 2020
    Dr. Kamran Khan
    Program: BBA Max. Marks: 25

    Department of Business Administration


    Midterm Examination Fall 2020

    Please follow the instructions carefully:


    1. Write you answers in a Word file and upload the file before the due date on blackboard.
    2. Name your Word file in the following format: (StudentID_Student’sName_CourseName
    _ Fall2020)
    3. Use 12 pt. font size and Times New Roman font style along with 1-inch page margins.
    4. Follow the requirements of the word limit and the marking criteria while writing your
    answers.
    5. Provide relevant, original and conceptual answers, as this exam aims to test your ability
    to examine, explain, modify or develop concepts discussed during the course.
    6. Do not copy answers from the internet or other sources. The plagiarism of your answers
    will be checked through Turnitin software.
    7. Recheck your answers before the submission on blackboard to correct any content or
    language related errors.

    Question Number 01: [05 Marks]


    The sale price of shares of a certain organization on each month during five years is mentioned
    as follows:
    243 240 217 283 268 212 251 263 275 208 230 288
    259 225 252 236 190 247 280 234 250 236 277 218
    245 268 231 269 224 259 258 231 255 228 202 245
    246 271 249 255 265 235 243 219 255 245 238 257
    254 284 197 200 276 294 210 300 225 193 243 269

    (a) Construct frequency distribution.


    (b) Sketch Histogram and Frequency Polygon.

    class
    interval frequency

    190-199 3

    200-209 3

    210-219 5

    220-229 4

    230-239 8

    240-249 10

    250-259 11

    260-269 6

    270-279 4

    280-289 4

    290-299 1

    300-309 1
    Question Number 02: [04 Marks]
    Calculate the CGPA for the subjects from the grades as mentioned in Table 1:
    Serial Courses: Credit Grade Achieved
    Number Hours
    1. Business Analytics 3 B
    2. Organization Behavior 3 C+
    3. Pakistan Studies 2 B+
    4. Business Communication 2 B+
    5. Cost Accounting 3 C+
    6. Probability & Statistics 3 C
    7. SPSS Lab. 1 A
    Table 1.
    The corresponding GPA for grades are:
    A = 4.0 , B+ = 3.5 , B = 3.0 , C+ = 2.5 , C = 2.0 , F = 0.0

    Question Number 03: [04 Marks]


    According to the research conducted by the geologists of University of Texas, the temperatures
    of soil in 0C at 750 meters deep inside the ground on different locations of earth are mentioned
    below:
    68.4 72.3 58.7 48.3 53.8 73.2 37.9 55.4 42.7 84.6 67.4 58.5 92.4 62.5 87.8
    Calculate:
    (i) Arithmetic Mean
    (ii) Harmonic Mean
    (iii) Geometric Mean
    (iv) Root Mean Squares

    Solution:

    1) arithmetic mean is calculated by summing all the observations and dividing by number of
    observations

    Number of observations, n = 15

    so AM = 68.4 + 72.3 + 58.7 + 48.3 + 53.8 + 73.2 + 37.9 + 55.4 + 42.7 + 84.6 + 67.4 + 58.5 + 92.4 +
    62.5 + 87.8 / 15 = 963.9/15 = 64.26
    2) Harmonic mean is calculated by dividing the number of observations with the sum of reciprocal of
    each observation

    so HM = 15 / (1/68.4 + 1/72.3 + 1/58.7 + 1/48.3 + 1/53.8 + 1/73.2 + 1/37.9 + 1/55.4 + 1/42.7 + 1/84.6
    + 1/67.4 + 1/58.5 + 1/92.4 + 1/62.5 + 1/87.8) = 60.42
    3) Geometric mean is calculated by multiplying all the numbers and then taking the nth root of the
    product where n = number of observations

    so GM
    = 

    = 62.35
    4) Root mean squares is calculated by summing the squares of the numbers and then taking the
    square root.

    So RMS
    = 

    = 66.10

    Question Number 04: [05 Marks]

    Following data reveals the usage of units of electricity by different consumers of a certain area:

    Units consumed 1 -50 51 - 100 101 - 151 - 201 - 251- 300


    150 200 250
    Number of 24 68 104 126 84 44
    Users
    (Frequency)

    Table 2.

    Find the following for given data


    a) Arithmetic Mean.
    b) Median
    c) All Quartiles.
    d) 3rd and 9th Deciles.
    e) 18th and 76th Percentiles.
    Question Number 05: [02 Marks]

    The frequency distribution of number of plants in laws of 40 different houses in a posh locality is
    given in Table 3.

    Number of Plants 30 - 35 35 - 40 40 - 45 45 - 50 50 - 55
    Frequency 6 13 14 4 3

    Table 3.

    a) What is the class size of each class interval?


    b) Which class interval has the highest frequency?
    c) Find the class marks of all the class intervals?
    d) What is the lower limit of fourth class interval?

    Solution:
    a)
    Class size = Upper limit - Lower limit

    Class size = 35 - 30

    Class size = 5
    b)

    class interval ( 40 - 45 ) have highest frequency of 14


    c)

    Numbe Class
    r of Frequenc Mar
    Plants y k

    30-35 6 32.5

    35-40 13 37.5

    40-45 14 42.5

    45-50 4 47.5

    50-55 3 52.5
    d)

    for fourth class ( 45 - 50 )

    Lower limit = 45

    Upper limit = 50

    lower limit of fourth class interval is =  45

    Question Number 06: [05 Marks]


    The annual salaries for a sample of 35 Business graduates are given in Table 4.

    Annual Salaries(Rs) Frequency


    300,000-350,000 7
    350,000-400,000 6
    400,000-450,000 5
    450,000-500,000 4
    500,000-550,000 4
    550,000-600,000 6
    600,000-650,000 3
    Table 4
    a) Construct Relative frequency distribution
    b) Draw Histogram
    c) Construct Cumulative frequency distribution
    d) Construct Relative Cumulative frequency distribution
    e) Plot the ogive

    Annual Frequenc Relative Cumulative Relative Cumulative


    Salaries(Rs) y Frequency Frequency Frequency

    300,000-350,000 7 0.20 7 0.20

    350,000-400,000 6 0.17 13 0.37

    400,000-450,000 5 0.14 18 0.51

    450,000-500,000 4 0.11 22 0.63

    500,000-550,000 4 0.11 26 0.74

    550,000-600,000 6 0.17 32 0.91

    600,000-650,000 3 0.09 35 1.00

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