Questions for Assignment - 1
1. Define Data types and levels of the data measurement with their examples.
2. Define Standard variance and standard deviation of population .
3. What is frequency distribution and how can it be graphically represented for business
data?
4. Define statistics. Discus its application function and limitations in managerial decision
making.
5. Find the population variance and population standard deviation for the following
data :
120 080 516 378
392 280 143 532
453 672 862 061
380 420 546 611
6. A data set contains the following eight values.
4 3 0 5 2 9 4 5
a. Find the range
b. Find mean absolute deviation.
c. Find sample Variance .
d. Find sample standard variance
7. Calculate the mean, median and the mode for the following :
Class f
0-2 31
2-4 26
4-6 12
6-8 11
8 - 10 14
10 - 12 7
12 - 14 9
8. The following data represent the number of appointment made in 15 minute interns
by telephone solicitation for lawn care company.
Num of Apnt. Frequency
0-1 31
a. Calculate mean of data
1-2 57
2-3 26
b. calculate mode 3-4 14
4-5 6
c. 5–6 3 Calculate median
d. Calculate variance and standard deviation
9. Construction of the pie chart begins by determining the proportion
Company Annual sales
ExxonMobil 442851
Chevron 263159
Conoco Phillips 230764
Valero Energy 118298
Marathon Oil 73504
Sunoco 51652
10. Explain the concept of Skewness with the help of a graph. Also, solve one example
problem to calculate the Coefficient of Skewness.