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Unit 2 Business Statistics

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8 views21 pages

Unit 2 Business Statistics

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korihemlata48
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Dan ‘Average’? Wing oe = fot an Average. tral tendency? Explain jand by Cer nders cuns Ope of Avenger On Acs advantages and disadva youre of central tendency? What is the concept of mea! ectives and functions? Explain the properties of 4°) ™" average. ious gaftenislel meneesiog corral tendy "MEY ang 2 ‘An average is ure of idual values of the variable usitally cluster jes of Measures of Central Tendency : measure of Central tendency are as follows Sindle figure which may be used to represent he involving magnitudes of the same variable. comparison within one Groups can be compared by averages, tical Average (or Measure of Cent the salient feature of numerical data in simple form, (Business States) (57) i= Demerits es in many samples, business fields, Demerite 1d by extreme observations. 9 further mathematical treatment. Not much affected by the fluctuations of sampling. It gives more weight to smaller items, Imaginary value It bring out the property of the ratio of change and not of absolute difference. wove to be a drawback. Lack of popularity. ive specially suitable in averaging rates, percentages and rates of increase between two periods. It is used when it is desired to give more weight age to smaller items. It is useful in the construction of index numbers. (E) Harmonic Mean : Harmonic mean of a series isthe reciprocal of the arithmetic average of the reciprocal of the values of its various items, is determined? G Determination of Mode 540 n_ Fist ofal conve ins requen 1 4070) | a | 240 54 | 90 | -180 58 | 150 | -120 following da —No. of penne 20 “4 | a i x alee eats itso stasis} sofa] 8 a > Ww [AM Segue 50~4 +B (50-32) 7. Calculate Quart RS cee ae = 80 +33 (75-60) 280 + By Or 80 +536 Qs = 85:36 Dg = Size of Gh iter oF 30th item. It lies in 70 - 80 grOUP- Dy =L+703-2) =10+39 s 0 (30 - 28) 10 = 80 + 95 or 80 +35 80 + 1.79 of 81.79 Q8 Calculate the following {G) What pays the highest wages i fs the combined average wa So X 00 EKA = 2250 500 Total wages is equal in both the factories. Xi Nj + KeNe Q.9. Calculate weighted average Monthly Salar | Principal 1,800 | Readers | 1,200 | Senior Lecturers | 750 | Lecturers trie mean from the following Valve oe? 5 0.06 0.0003 [Logarithm =25 = 581 40. | s+30) 7) = Size of (5) th item, N = 165 165) eC) ten | isn 30-40 goup immed tm) eet = 30453 (625-67) = 30 +267 = 32.67 Ans. Q.12. Calculate Harmonic Mean from the following : 15, 250, 15.7, 157, 1.57, 105.7, 10.5, 1.06, 25.7, 0.257 Solution." Setaatsied ie of Items us of esas aD 0.06667 eu 0.00400 Bao 0.06369 2 0.06369 157 0.63690 105.7 0. 105 1.06 257 0. Q.14. A mac the fret year, 25% pext three “each perce? diminish (5) (Secon Vans] 2) Eem)e [Link], C=) Gah Gap 7x24 2 _— 3.43 miles per hour Ans. Q.17. (i) Find out median when arithmetic mean is 20 mode 18. (i) Find out median, when mode and arithmetic average are 32.1 and 35.4 respectively. (te). Mean, when respectively Or (ii) iz wv) Zz x (ui) Mode, when arithmetic mean 12 15.6 and med Come sam (EN aa ot fete ae EE ® K-z= 3(%—-m M= 3(2% 42, X~ m2-18 cee ua Feo ae o 2= 921,%=954 eg Me dax+n es NE ose ean = ean 156,M = 15.73 Z= 3M-2% Z= 3x15.73-2% 15.60 = 4719-3120 = 1599 = 15.99 Ans. at = 2,M=214K =3(3M-2) 3214-220) 1 = 2142-220) = 3422 =30 30-40. ED Tf jst | a \ f1-10 | force Mode = La +3 te Ly) | 10-6 Ls = 90+ F70=eTs (40 20) Ax10 * 20-11 Mode or z Tt Model group 300 — 409 Grouping Table Frequency (0) 3 nalysis Table _ Size of items containing maximum frequen [ene [aa] as | a6 | a7 | a8 | 49 [50] st | 52 | 83 v v vy ‘Therefore, modal group is 50 — 60. 2 2 =h+pep*! 15 = 50+ 374 7510 = 50+ 22-50 + 4.166 = 54.166 ne Q.22. In the frequency distribution of 100 families given below, the number of families corresponding to expenditure group 20-40 and 60-80 are missing from the table. However, the Median in known to be 50. Find the missing frequencies? ture (Rs.) | 0-20 ‘40-60 | 60-80 | 80-100 No. of Families: | 14 area | eae 15 Solution. Let missing frequency of 20-40 = @ and missing frequency of 60-80 = b. } Expenditure (Rs.) | 0-20 20-40 40-60 60-80 Mat etim—e 0 + Boe eat 1027 aya 20 135 36-8 3296 135=225 arbe wrb= 44 be 44-23 =21 sos ming rues 20-40is 23 and 60-6023 aye Mean and Median from the f oe ie (56) [Second Vear Sa | SSS Long and Short Answer type Questions Q.1. What are the different discuss the relative dispersion neasures of dispersion? Bri its of the different measures

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