BLUE SKY CLASSES

STD 12 Commerce Statistics Total Marks : 80

First Term Examination 2025

➤ Choose The Right Answer From The Given Options. [10]

1. If the purchasing power of money is 0.75 in the year 2016 with respect to the
base year 2015 then what will be the price index number for the year 2016 ?
(A) 750 (B) 175 (C) 133.33 (D) 275
2. The price of an item increased by 4.5 times in the current year as compared to
the base year. What will be the price index number ?
(A) 45 (B) 450 (C) 550 (D) 350

3. Which average is considered as the best average in construction of the index

number ?
(A) Harmonic mean (B) Arithmetic mean (C) Weighted mean (D) Geometric mean
4. What is the range of the correlation coefficient r ?
(A) −1 < r < 1 (B) 0to1 (C) – 1 ≤ r ≤ 1 (D) – 1to0
5. If r(-x, y) = - 0.5 then what is the value of r(x, -y) ?
(A) 0.5 (B) −0.5 (C) 1 (D) 0
6. In the method of rank correlation, in usual notations if Rx = Ry for each pair of
observations, then what is the value of the r ?
(A) 0 (B) −1 (C) 1 (D) 0.1
7. In the method of rank correlation, if the ranks of two variables are exactly in
reverse order, then what is the value of r ?
(A) r = 0 (B) r =– 1 (C) r = 1 (D) r = 0.1
8. In usual notations, which term is added in Σd2 for each repeated observation in
the rank correlation ?
(A)
2
m −1
(B)
3
m −m
(C)
3
6 m −m
(D) n (n 2
− 1)
12 12 12

9. What is the value of r, if all the points plotted in a scatter diagram lie on a single
line only ?
(A) 0 (B) 1 or – 1 (C) 0.5 (D) – 0.5
10. In the method of rank correlation, what is the sum of differences of the ranks of
two variables ?
(A) 0 (B) – 1 (C) 1 (D) Any real number

➤ Answer The Following Questions In One Sentence. [10]

11. What is a base year ?

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12. What is a price relative ?
13. What is weight ?
14. Define the index number.
15. Define the cost of living index number.
16. State the main difference between fixed base method and chain base method.
17. The sales and profit of last five years for a mostly accepted product of a
company.
18. What can be said about the correlation between the annual import of crude oil
and the number of marriages during the same period of time ?
19. Altitude and amount of Oxygen in air.
20. If r(x,y):0.3 then find r(u,v) for the following.
and
5−x 5+y
u = v =
2 2

➤ Answer The Following Questions as Directed. [20]

21. The cost of living index numbers and average monthly wage from the year 2010
to 2013 are given as follows. Find the real wage for each year.
Year 2010 2011 2012 2013
Average monthly wage (Rs.) 35,000 40,000 42,000 50,000
Cost of living index number 120 150 130 160
22. The average monthly income of a worker was ₹ 16,000 in the year 2015 and it
increased to ₹ 20,000 in the year 2016. Find the index number of income for the
year 2016 in comparison to the year 2015 .
23. The data about wholesale prices of wheat in a region are as follows. Taking the
year 2005 as the base year, prepare the index numbers for the price of the item
for the remaining years. State the percentage increase in the price of wheat in
the year 2013 from these index numbers.
Year 2005 2006 2007 2008 2009 2010 2011 2012 2013
Price per
1650 1690 1730 1750 1810 1850 1870 1900 1950
Quintal (₹)
24. The data about bi-monthly closing prices of shares of a company in the year
2014 are given. Compute the chain base index numbers from these data.
Month January March May July September November
Price (₹) 22 21.20 22 23 24.7 26
25. If the average monthly disposable income of middle class families in the year
2014 is ₹ 14,400 and if the cost of living index number for the year 2015 with the
base year 2014 is 115 then estimate the average monthly disposable income of
these families in the year 2015.

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26. The following results are obtained from a bivariate data.
n = 10, Σ(x − x̄)(y − ȳ ) = 72, sx = 3 and Σ(y − ȳ )
2
= 160 Find the correlation
coefficient.
27. If the correlation coefficient between two variables X and Y is 0.5, find the value
of the following : (i) r (x, - y) (ii) r (- x, y) (iii) r (- x, - y)
28. Explain Perfect negative correlation
29. Find the value of r if Cov(x, y) = 120, sx = 12, sy = 15 .
30. Determine the value of the correlation coefficient from the following results.
2
Cov(x, y) : sx = 3 : 5 and sx : sy = 1 : 2

➤ Answer The Following Questions as Directed. [30]

31. State the limitations of cost of living index number.
32. The following data are available about the crimes in a city. Find the general index
number by fixed base method considering the year 2010 as base year.
Type of Crime Year 2007 2008 2009 2010
Murder 110 128 134 129
Violence and rape 30 45 40 48
Robbery 610 720 770 830
Theft of property 2450 2630 2910 2890
33. Find the index number for the year 2016 with base year 2011 by weighted
average method from the following data of price and weights of five different
items.
Price (₹)
Item Weight
Year 2011 Year 2016
A 40 160 200
B 25 400 600
C 5 50 70
D 20 10 18
E 10 2 3
34. Find the cost of living index number by the family budget method from the
following information about index numbers of different groups ofitems for
living and their weights.
Food Clothin Electricity- House Miscellaneou
Group
items g fuel rent s
Index
281 177 178 210 242
number
Weight 46 10 7 12 25
35. Find the ideal index number for the year 2015 from the following data.

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 Base year 2014 Current year 2015
Ite
Price
m Quantity Price (₹) Quantity
(₹)
A 16 10 20 11
B 20 9 24 9
C 32 16 40 17
36. The singing talent of five singers A, B, C, D and E was judged by two judges in a
singing competition. The ranks assigned to five singers are as follows.
Rank 1 2 3 4 5
By Judge 1 C A B E D
By Judge 2 B C D A E
Find the similarity between the decisions of the two judges from the rank
correlation coefficient.
37. The ranks given by two experts on the basis of interviews of five candidates for
a job are (3, 5), (5, 4) , (1, 2), (2, 3) and (4, 1) . Find the rank correlation coefficient
from this data.
38. Find the value of r from the following data.
Particulars x Y
Average 60 95
The sum of squares of deviations taken from their mean 920 1050
The sum of product of deviations taken from their mean -545

39. If r = 0.8, ∑(x − x̄)(y − ȳ ) = 60Sy = 2.5, ∑(x − x̄)

2
− 90 , find the number of pairs of
X and Y .
40. Seven employees are selected from a company. They are judged by two
managers from the company in terms of their administrative skills. The ranks
given by them are as follows.
Employee A B C D E F G
Rank by Manager 1 6 7 5 4 3 2 1
Rank by Manager 2 7 6 5 2 4 1 3
Calculate the rank correlation coefficient between the judgments given by two
managers.

➤ Calculate The Following Sums In Detail. [10]

41. In order to study the relation between the performance of students of a school
in terms of marks in the subjects of Gujarati and Statistics, the following data
are collected by taking a sample of six students.
Marks in Gujarati x 65 72 66 70 72 69
Marks in Statistics y 90 95 88 92 85 90
 Compute the correlation coefficient between the marks obtained by the
students in two subjects from this data.
42. An agency marketing electrical appliances wants to know the relation between
the sales and the profits of LED fittings. The following information is obtained
about the sales and profits of different electric companies. Find the rank
correlation coefficient between the sales (in thousand units) and the profits (in
lakh ₹)
Sales (thousand units) 25 58 215 72 58 25 90 162
Profit (lakh ₹) 65 140 500 115 65 65 220 340
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