End Sem Exam Mo-20 Bba MT 102 Business Statistics

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BIRLA INSTITUTE OF TECHNOLOGY, MESRA, RANCHI

(END SEMESTER EXAMINATION)


CLASS : BBA SEMESTER: I
BRANCH : BBA SESSION: MO/2020

SUBJECT: MT 102 BUSINESS STATISTICS

TIME : 2 HOURS FULL MARKS: 50


INSTRUCTIONS:
1. The question paper contains 5 questions each of 10 marks.
2. Answer all questions.
3. The missing data, if any, may be assumed suitably.
4. Before attempting the question paper, be sure that you have got the correct question
paper.

1(a) ‘There are few limitations of Statistics that restrict its scope and utility’ Discuss with 4
suitable examples.
1(b) The following data relate to area in millions of square kilometres of oceans of the 6
world. Draw a pie diagram for this data.
Ocean Area (million square kilometres)
Pacific 70
Atlantic 42
Indian 28
Antarctic 8
Arctic 5
2(a) Under what circumstances would it be appropriate to use Median or Mode, Harmonic 4
Mean or Geometrical Mean?
2(b) Find the missing frequency from the following data when arithmetic mean is 35 marks. 6
Marks 0 - 10 10 - 20 20 - 30 30 - 40 40 - 50 50 - 60

Students 10 20 ? 50 40 30
3(a) What is standard deviation? Explain its main properties. 4
3(b) Find coefficient of variation using following data: 6
Class- 5 - 15 15 - 25 25 - 35 35 - 45 45 - 55 55 - 65
interval
Frequenc 10 15 25 20 15 5
y
4(a) How correlation is different from regression? Write minimum four points. 4
4(b) Calculate Spearman’s Rank correlation coefficient for the following data:
X 69 78 90 69 69 87
Y 59 58 60 60 70 73
5(a) What is Time Series? Explain its components. 4
5(b) Below are given the figures of production (in ‘000 quintals) of a Sugar Factory, you are 6
required to
(1) Fit straight line trend to these figures.
(2) Plot these figures on graph and show the trend line.
(3) Estimate the production for the year2021.
Year 2013 2014 2015 2016 2017 2018 2019
Prod’n 80 90 92 83 94 99 92

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