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IUBAT STA 240 Mid Assignment Guide

The document contains 4 problems related to statistics. Problem 1 involves calculating statistical measures like variance, standard deviation, and quartile deviation from sample data. Problem 2 explains correlation, regression, and asks to analyze the relationship between advertising expense and sales revenue. Problem 3 compares average prices and standard deviations of two company shares and asks which would be preferable to buy. Problem 4 asks to take a simple random sample from a population using a random number table and determine an appropriate sampling method and sample size to gather opinions about a university's dress code policy.

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Anindya Kumar
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40 views5 pages

IUBAT STA 240 Mid Assignment Guide

The document contains 4 problems related to statistics. Problem 1 involves calculating statistical measures like variance, standard deviation, and quartile deviation from sample data. Problem 2 explains correlation, regression, and asks to analyze the relationship between advertising expense and sales revenue. Problem 3 compares average prices and standard deviations of two company shares and asks which would be preferable to buy. Problem 4 asks to take a simple random sample from a population using a random number table and determine an appropriate sampling method and sample size to gather opinions about a university's dress code policy.

Uploaded by

Anindya Kumar
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

IUBAT-International University of Business Agriculture and

Technology

Mid Home Assignment


STA 240
Spring Semester- 2021

NAME ............................................... I.D.


…………………..............

Last date of submission: 17.04.2021 at 10AM

Problem # 1

A. The number of traffic citations issued during the last eight months in Beaufort
Country, South Carolina, is given in the following Table. Determine the sample
variance, standard deviation, standard error and coefficient of variation, Quartile
deviation.

Number
X- X́ (X- X́ )2
(X)
Last two digits
of your ID
25
15
30
15
27
Last two digits
of your mobile
nimber
19
[Link]
[Link] wheat production (in Kg) of 20 acres is given as:
last four digits of your mobile number, 1240, 1320,
1040, 1080, 1200, 1440, 1360, 1680, 1730, 1785,
1342, 1960, 1880, 1755, 1720, 1600, 1470, 1750, and
last four digits of your id. Find the quartile deviation
and coefficient of quartile deviation.

[Link]
formulas

Problem # 2

a) Explain the correlation and the regression analysis. Define those in brief. Write down
the properties of the correlation and the regression. Illustrate the practical uses of
simple correlation and regression
b) Haverty’s Furniture is a family business that has been sold to retail customers in the
Chicago area for many years. They advertise extensively on radio, TV, and the Internet,
emphasizing their low prices and easy credit terms. The owner would like to review the
relationship between sales and the amount spent on advertising. Below is information on
sales and advertising expense for the last four months.
Advertising Expense Sales Revenue
Month
($ million) ($ million)
July 2 7
August 1 3
September 3 8
October Last two digits of your 10
ID

a) The Owner wants to forecast sales on the basis of advertisement expense. Which
variable is the dependent variable?Which variable is the independent variable?
b) Draw a scatter diagram.
c) Determine the coefficient of correlation.
d) Interpret the strength of the correlation coefficient.
e) Determine the coefficient of determination. Interpret.
f) Determine the regression equation.
g) Interpret slope and Y intercept.
h) Estimate sales when$4 million is spent on advertising.

[Link]

Problem # 3
a. The following table gives an average and standard deviation of prices of
shares of two companies Square and Incepta:

Company Average price Standard deviation


(TK.) (TK.)
Square 1470 Last three digits of
your mobile
b. number
Incepta Last three digits of 70
your ID
I. Use appropriate tool to compare these two companies.
II. Determine which company’s share you would like to buy if you
are the share holders of these two companies.
Problem # 4

Fill the 1st blank with the last five digits of your ID number and 2 nd
blank with the 1st five digit of your ID no. , then draw a simple random
sample of size 10 from a population consists of 70 units using the
following random number table.

41810 01806 02997 _____ 26236 33286 66583 60880 97395 20461 36742
02852 50584 87054 31687 _____ 93205 36792 19732 08468 10438 44482
66558 37649 08882 90870 12462 73944 04773 12032 51414 82384 38370
00249 80709 72605 67492

Suppose a research team seeking opinion about the logic behind of


maintain the Dress and Behavior Code (DBC). Suppose target area is
IUBAT University and there are 10000 peoples (500 Faculty members+
2000 Staffs+7500 Students).They want to take a random sample
combining of faculty, staff and students. Determine the appropriate
sampling method. Explain the reason of choosing that sampling method.
Also determine the sample size.

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