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ASSIGNMENT INSTRUCTION
(a) Total weightage given to these assignments is 30%.
(b) All assignments are to be completed in your own hand writing.
(c) All questions are required to be attempted.
(d) Three assignments i.e A, B & C are to be answered. Assignments A will
carry Five subjective questions (10 marks). Assignment B will carry
three subjective questions with a (10 marks) and Assignment C will
carry Forty objective type questions (10 marks)
(e) All the three assignments are to be completed by due dates (specified from
time to time) and mailed / given by hand for evaluation at the ASODL office
Noida / your Study Centre.
(f) The evaluated assignments can be collected from your study center / ASODL
Office after Six week. Thereafter these will be destroyed at the end of each
semester.
Signature :
Date : ---------------------------------------------------
() Tick mark in front of the assignments submitted
1) Business statistics
2) Operative Research
BUSINESS STATISTICS
Statistical data & statistical method are of immense helping the proper
understanding of the economic problem & in the formulations of economic
policies as well as evaluating of their effect for example in order to check
the overgrowing population, if emphasis has been placed on family
planning methods one can ascertain statistically the efficiency of such
methods in attaining the desired goals.
OPERATION RESEARCH
b. Dispersion
i) Standard deviation
ii) Mean deviation
iii) Skewness
1
Q. 2 Show for the following function f(x) = x + has its minimum value
x
greater than its max. value.
1
Ans. f(x) = x +
x
Let y = f(x)
1
y=x+
x
Differentiating on both sides w.r.t. x
dy 1
= 1− 2 (1)
dx x
dy
For Maximum & minimum =0
dx
1
Q 1− 2 = 0
x
x2 = 1
x =+1
d2y
now find
dx 2
Diff. (1) with respect to x on both sides.
d2y 2
=
dx 2 x3
for maximum
d2y
<0
dx 2
2
∴ 3 >0
x
This is satisfied when x = 1
Hence maximum value of x is
1
x+
x
1
= −1 + = −2
−1
And minimum value of x is
1
x+
x
1
= 1+ =1
−1
1
∴ for f(x) = x + minimum value is greater than minimum value.
x
Food 35 70 2450
Clothing 15 45 675
Fuel 10 20 200
Rent 20 80 1600
Misc. 30 40 800
Σ w = 255 Σ wx =
5725
∑ wx
For the year 1999 A.M. =
∑w
5725
= 22.45
225
weighted A.M. – year 2000
(x)% of expenditure Price (2000)w wx
Food 35 90 3150
Clothing 15 50 750
Fuel 10 25 250
Rent 20 70 1400
Misc. 20 30 600
Σ w = 265 Σ wx =
6150
6150
For the year 2000 A.M. =
265
= 23.20
G.M. = Antilog
( ∑1log x )
N
= Antilog
( 172.4905)
100
= 52.84
weighted G.M. : Year 2000
G.M. = Antilog
( ∑ f log x )
N
= Antilog
( 174.305) = 55.34
100
X F 76.5 Fu U2 Fu2
u = x−
12
7.5 12 −4 −48 16 192
22.5 18 −3 −54 09 162
37.5 35 −2 −70 4 140
52.5 42 1 −42 1 42
67.5 50 0 0 0 0
82.5 45 1 45 1 45
97.5 20 2 40 4 80
112.5 08 3 24 9 72
Σ Fu=−105 Σ fu2=733
2
∑ fx 2 ∑ fx
C= − × 15
n n
2
733 105
= 15 x −
230 230
= 15 × 1.72
= 25.9
Also calculate
(a) Coefficient of correlation
(b) Interquartile Range (Q3 – Q1)
(c) Skewness
A) Coefficient of correlation
X y xy x2 y2
15 12 180 225 144
30 30 900 900 900
45 65 2925 2025 4225
60 107 6420 3600 11449
75 157 11775 5625 24649
90 202 18180 8100 40804
105 222 23310 11025 49284
120 230 27600 14400 52900
Σ x=540 Σ y=1025 Σ xy=9120 Σ x2=45900 Σ y2=185399
Coefficient of correlation
∑ x⋅∑ y
R = Σ xy −
N
2 2
∑x ∑y
= ∑x −
2
∑ y −
2
N N
( 540 ) ×1025
= 91290 −
8
2 2
540 1025
= 45900 − 185399 −
8 8
= 0.978
B. Interquartile Range (Q3 – Q1)
N
A. Quartile = < + j − Pef × ilf
4
For Q1, j = 1
N
N = 230 , = 57.5
4
This falls in the range of 30−45.
30
< 30 + 57.5 − × 15
35
= 4178
for Q3, j = 3
3N
N = 230, = 172.5
4
Range 75−90, < = 75, Pef = 157, j – 45
15
Q3 = 75 + 1725 − 157 ×
45
= 80.166
Interquartile Range
= Q3 − Q1
= 80.166 − 4178
= 38.386
C) Skewness
median
Skewness = mean −
standard deviation
Mode = < + fm − f I (2fm −f 1 − f2 × h
f1 = 60, fm = 50, f1 = 42, f2 = 45, h = 15
60 + 50 − 42
Mode = × 15
(50 − 42) + (50 − 45)
= 69.23
69.23
Skewness = 60.65 −
25.9
= −0.33
Q.4A Which of brand of tyre would you use on the fleet of trucks & why?
Ans.
Class Freq. Mid 32.5 f ⋅d fd
Interval point d = x−
5
0-25 08 22.5 −2 −1 32
25-30 15 27.5 −1 −15 13
30-35 12 32.5 0 0 0
35-40 18 37.5 1 18 18
40-45 13 42.5 2 26 52
45-50 9 47.5 3 27 81
N=75 Σ fd=40 Σ fd2=118
∑ fd 2 ∑ fd
C= − 2× I
N N
2
198 40
= − ×5
75 75
= 7.67 (Brand A)
Brand B
2
∑ fd 2 ∑ fd
C= − ×I
N N
198 40
= − ×5
75 75
= 5.412 (Brand B)
Hence, Std. Deviation of Brand B isles than Brand A. It has a high degree
of uniformity of observation as well as homogeneity of a series. So Brand
B, of tyres would be a better choice.
Ans. Income
Day 1 50
Day 2 50
Day 3 50
Day 4 50
Day 5 50
Day 6 50
Day 7 50
Σ I = 350
I
Mean deviation = ∑ = 350
N
Median = 35 × 3
= 105
New 6 = 1.6 × 3
= 4.8
Variance = (4.8) × 2
= 23.04
Mode = 55 + 8 = 63
Standard Deviation= 4.33 (no change)
4) The mean & std. deviation of a distribution are 15× 2 respectively. Find
std. distribution of each observation & multiplied by 5.
Mean = 15 × 5 = 75
Std. Deviation = 2 × 5 = 10
A. Row Matrix
Ans. A matrix having only one row is called a row matrix for example:
[4 1 2 7] is a 1 × 4 matrix or row matrix having 4 elements.
B. Column Matrix
Ans. A matrix having only one column is called a column matrix for example:
2
1 is a 3× 1 matrix having 3 elements
4
Ans. A matrix (square or rectangular has all its elements equal to 0 is called a
NULL
0 0 0
The Matrix 0 = is a 2× 3 null matrix
0 0 0
D. Square Matrix
Ans. When due number or rows of a matrix is equal to its member of columns, it
is said to be as a square matrix. For example:
E. Diagonal Matrix
F. Scalar Matrix
Ans. A diagonal matrix in which its diagonal elements are equal is called a
scalar matrix. For example:
2 0 0
T = 0 2 0 is a 3× 3 scalar matrix
0 0 0
Ans. A scalar matrix is which all its diagonal elements are unity is called on
Identity matrix.
1 0 0
The Matrix 1 = 0 1 0 is a 3× 3 Identity Matrix
0 0 1
a11 0 0
The Matrix A 2 = a21 a22 0 is a Lower Triangular
a31 a32 a33
J. Comparable Matrix
Ans. In this both A & B elements are of the same order. Both the elements of A
& B should be equal to each other in no.
1 3 3 7
A = 0 2 B = 8 5
4 8 4 2
Q.5 B Solve the following equations using Matrix method:
−2x + y + 32 = 9
x+y+x=6
x+y+2=2
−2 1 3
D = 1 1 1
1 −1 1
= −2(1 + 1) + 1 (1 − 1) + 3 (1 + 1)
= −4 − 6 = − 10
9 1 + 3
D1 = 6 1 1
2 −1 1
= 9(2) − (4) + 3(8)
= 18 − 4 + 24
= 10
−2 9 3
D2 = 1 6 1
1 2 1
= −8 − 12 = −20
−2 1 9
D3 = 1 1 6
1 −1 2
= 16 + 4 − 18 = −30
D −10
x = 1 = =1
D −10
D −20
y = 2 = =2
D −10
D −30
z = 3 = =3
D −10
ASSIGNMENT – B
Ans.
Juices Manu (x) Sonu (y) D = x −y D2
A 2 1 1 1
B 1 3 −2 4
C 4 2 2 4
D 3 4 −1 1
E 5 5 0 0
F 7 6 1 1
G 6 7 −1 1
Σ D2 = 12
Rank Correlation
∑ D2
Coefficient = 1 − 6
n(n 2 − 1)
Where D = R1 − R2 Ranks of x & y
6(12)
r = 1−
7(49 − 1)
6(12)
= 1− = 0.785
7(48)
Q. 2 Fit a straight line trend by the method of least square to the following
data:
Taking u = x − 1993
v = y − 255
Ans.
u v uv u2
−2 −1.5 30 4
−1 0 0 1
0 −30 0 0
1 5 5 1
2 25 50 4
0 −15 85 10
v = na + bu
−15 = 5(a) + 0
a = −3
Multiplying (1) both sides by u
v⋅ u = 4⋅ a + bu2
= 8.5 = 0 + b(10)
b = 8.5
Hence equation
u = a + bu
v = −3 + 8.5u
Substituting back the value of u & v
(y − 255) = −3 + 8.5 (x − 1993)
y − 255 = −3 + 8.5 × − 16940.4
[y = 8.5 × − 16688.5]
Q.3 b) In a locality, out of 5000 people residing 1200 are above 30 years of
age & 3000 are females out of the 1200 who are above 30,200 are
females . Suppose after a person is chosen you are told that the person
is a female. What’s the possibility that she is above 30 years of age.
Ans. 5000 people → 3000 females above 30 years, 1200 people : 200 females
choose one : female
Probability that she’s above 30 eyars
(s) = 3000
(f) = 200
200
So, the required probability is
300
1
=
15
ASSIGNMENT – 2
CASE STUDY
Σ f = 25
Q. 4 (a)
Class Interval Frequency
100 – 110 3
110 – 120 5
120 – 130 5
130 – 140 6
140 – 150 6
A) HISTOGRAM
6-
5-
4-
3-
2-
1-
0
100 110 120 130 140 150
Frequency Polygon
6-
5-
4-
3-
2-
1-
0 100 110 120 130 140 150
Assignment – 3
10. If the Total cost function TC = 500+300 Q−5Q2 Then Marginal Cost Function
MC = 500 − 10Q True / False
17. [4 1 2 7] is a
a. 4 × 1 matrix b. 1 × 4matrix
18. if A = [2 3 4] A2 = [21 6]
[1 4 5] [3 4 7]
[6 7 8] [4 5 8]
2
Then A is called the TRANSPOSE OF A True / False
19. The INVERSE of the INVERSE MATRIX is the original matrix. True / False
20. Measure of Central Tendency is a data set refers to the extent to which the
observations are scattered. True / False
21. The value of all observations in the data set is taken into account when we
calculate its mean. True / False
22. If the curve of a certain distribution tails off towards the right end of the
measuring scale on the horizontal axis the distribution is said to be
positively skewed. True / False
23. Extreme values in a data having a strong effect upon the Mode
True / False
24. If the value of mean = 35.4 and value of media = 35 the shape of the curve
skewed is “right”. True / False
27. The difference between the largest and the smallest observation is called
a. Geometric Mean b. The Range c. The Mode
28. The middle most value in a series of observations arranged in an array is
called
a. Mode of the series b. Median of the series
29. When the value of two variables move in the same direction, the correlation
is said to be positive. True / False
35. Quartiles are those which divide the total data into
a. Four Equal Parts b. Ten Equal Parts c. Hundred equal parts
38. For index numbers, base year should be a year of normalcy True / False