Trial questions 1. The population of British Columbia in 2003 was 4,146,50 and for Ontario it was 12,238,300. i.

What is the population of British Columbia compared to Ontario? ii. Interpret your results 2. Using the method of least-squares fit a straight line to the accompanying data points below. Give the estimates of 0 and 1 and write the line of best fit. X Y -1 -5 0 -4 2 2 -2 -7 5 6 6 9 8 13 11 21 12 20 -3 -9

3. Differentiate between the median and the mode indicating when one is the best measure of central tendency. 5marks 4. The table below presents the distribution of prices, in thousands, of companies bidding for the construction of a bill board for Bolgatanga Polytechnic. Price Range 20.5 20.9 21.0 21.4 21.5 21.9 22.0 22.4 22.5 22.9 23.0 23.4 Frequency 3 10 11 13 9 2 i. Determine the mean price of the companies ii. Calculate the standard deviation of the mean, correct to 3 significant figures. 5. The probability of the price of a component falling in one year due to excessive temperature is and due to excessive humidity is 1 . Determine the 1 , due to excessive vibration is 1 50 20 25 probabilities that during a one-year period the price of the component. i. Falls due to excessive temperature and excessive vibration. ii. Falls due to excessive vibration or excessive humidity. iii. Will NOT fall because of both excessive temperature and excessive humidity. 6. What is the difference between descriptive statistics and inferential statistics? 7. How is the regression coefficient interpreted in simple regression? 8. Define the following terms: i. Population ii. Sample iii. Sampling error iv. Parameter

v.

Sampling bias

9. An interviewer in charge of hiring a procurement officer wishes to determine the strength of the relationship between ranks given on the basis of an interview and scores on an aptitude test. Given the data for six applicants, calculate the Spearmans rank correlation, indicating the nature of the relationship. Interview rank Aptitude test 5 47 2 32 3 29 1 28 6 56 4 38

10. Differentiate between primary and secondary data, given two advantages each 11. Sales for East Cost Manufacturing (ECM) over the last five months in thousands of Ghana Cedis have been 68, 73, 65, 80 and 72. Assuming these five months constitute the population, the mean is clearly = 71.6. As the marketing director for ECM, you wish to estimate this unknown mean by taking a sample of size n = 3. You hope that the sampling error you will likely suffer is relatively small. Create the sampling distribution and comment on the likely sampling error. 12. Differentiate between correlation and regression

13. One hundred students sit for an examination and each marked script is given a score out of hundred. You are given the results and asked to present then to a committee that monitors examination performance. Using an appropriate technique for calculating the number of bins; 22 55 54 51 90 38 67 46 55 37 i. ii. 14. 65 49 56 59 34 9 56 48 52 78 61 50 62 45 51 61 58 59 47 50 62 44 55 52 49 58 46 32 59 57 57 45 53 56 53 55 55 41 64 33 57 62 15 48 54 60 50 54 58 60 43 37 54 59 63 68 52 56 32 75 57 58 47 45 51 50 50 69 63 64 49 56 60 71 26 30 57 56 55 58 Determine the frequencies for each bin and construct a histogram. Determine the mode from the histogram. 62 60 80 56 0 59 60 52 52 61

The procurement officer of the Polytechnic received invoices from ten supermarkets in a bidding process to procure a set of furniture for the rectors office. The table below gives the list of prices as contained in the invoices. Assuming the data follows a normal distribution with variance 2 = 1.664. Construct a 95% confidence interval for the mean ( 1.96). Supermarket Price on invoice (000) 15. 16. 1 1.2 2 2.4 3 1.3 4 1.3 5 0.5 6 0.5 7 1.8 8 0.8 9 4.6 10 1.4

Give three uses of index numbers. Distinguish between classical probability, empirical probability and subjective probability, given one disadvantage each. 17. A fashion magazine wishes to construct a price index for mens clothing. The following table shows the prices and quantities bought for the years 1995 to 1997 by a typical consumer. 1995 1996 1997 Price () Quantity Price () Quantity Price () Quantity Shoes 52.00 3.2 56.00 3.8 61.00 3.6 Trousers 33.00 4.4 37.7 4.7 39.10 5.1 Shirts 18.00 6.1 20.45 6.4 23.50 6.2 Underwear 4.20 8.7 4.85 8.5 4.70 7.9 i. Construct a simple price aggregate index for the years 1995 to 1997 for the price of clothing. ii. Construct a Laspeyres index for the years 1995 to 1997 for the price of clothing.