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W6501
First Semester
30
Reg. No. :
2.
3.
4.
5.
6.
7.
8.
9.
10.
30
1.
PART B (5 16 = 80 Marks)
(a)
30
11.
(In $1,000s)
of Employees
20 24
25 29
48
30 34
60
35 39
80
40 44
10
(i)
(ii)
(iii) Based on this sample, the president of the company said that 45%
of all our employees yearly income are $35,000 or more.
The presidents statement represents what kind of statistics?
With the statement made in (iii) can we assure that more than 45%
of all employees yearly income are at least $35,000? Explain.
(v)
(vi)
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(iv)
(vii) The above data set represents the results of how many
observations?
Or
(b)
(ii)
(v)
(vi)
(a)
30
12.
(iv)
(i)
What is the probability that the sample mean will be larger than 77
years?
(ii)
What is the probability that the sample mean will be less than
72.7 years?
(iii) What is the probability that the sample mean will be between 73.5
and 76 years?
(iv)
(v)
What is the probability that the sample mean will be larger than
73.46 years?
Or
(b)
30
(i)
(ii)
(v)
W 6501
(a)
The Dean of Students at UTC has said that the average grade of UTC
students is higher than that of the students at GSU. Random samples of
grades from the two schools are selected, and the results are shown
below.
UTC GSU
Sample Mean
14
12
2.85
2.61
2.5
(i)
(ii)
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Sample Size
13.
0.35
3.0
(b)
Department A Department B
46
37
41
43
41
35
38
46
30
40
Department C
40
43
41
33
48
41
39
42
44
The sales records of two branches of a department store over the last
12 months are shown below. (Sales figures are in thousands of dollars).
We want to use the Mann-Whitney-Willcoxon test to determine if there is
a significant difference in the sales of the two branches.
30
14.
Month
1
2
3
4
5
6
7
8
9
10
Branch A
257
280
200
250
284
295
297
265
330
350
Branch B
210
230
250
260
275
300
320
290
310
325
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Branch A
340
272
Branch B
329
335
(i)
(ii)
(iv)
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(iii) Compute T .
15.
(a)
30
(b)
Month
11
12
The following data represent the number of flash drives sold per day at a
local computer shop and their prices.
36
32
35
30
38
40
(ii)
30
(i)
(iii) Compute the sample correlation coefficient between the price and
the number of flash drives sold. Use =0.01 to test the relationship
between x and y.
Or
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Item
2000
2006
2000
2006
$ 40
$ 10
1,000
800
55
25
1,900
5,000
95
40
600
250
90
50
The table below gives the prices of four items A, B, C and D sold at a
store in 2000 and 2006
Price Price Quantity Quantity
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(b)
3,000
200
(i)
Using 2000 as the base year, calculate the price relative index for
the four items.
(ii)
(iii) Find the Laspeyres weighted aggregate index for these items.
Find the Passche index for these items.
(v)
(iv)
30
30
W 6501