R H PATEL INSTITUTE OF MANAGEMENT, GOBLAJ

MBA Sem 1

QA 1 Test

Marks 30

Q1 Determine the equation of the regression line for the following data and compute the
residuals:
X
15
8
19
12
5
Y
47
36
56
44
21
Q2. The bureau of labor statistics shows that the average insurance cost to a company per
employee per hour is $1.84. For managers and $1.99 for professional specialty workers. Suppose
these figures were obtained from 35 managers and 41 professional specialty workers and that
their respective populations standard deviation are $.38 and $.51.Calculate a 98% confidence
interval to estimate the difference in the mean.
Q3.Suppose that 47% of all American have flows in an airplane at least once and that 20% of all
American have ridden on a train and at least once .What is the probability that a randomly
selected American has either ridden on a train flown in an airplane?
Q4. A western city has 18 police officers eligible for promotion. Eleven of the 18 are Hispanic.
Suppose only five of the police officers are chosen for promotion and that one is Hispanic. If the
officers chosen for promotion had been selected by chance alone, what is the probability that one
or fewer of the five promoted officers would have been Hispanic? What might this result
indicate?
Q5.Suppose the average check out tab at a large super market is $65.12, with a standard
deviation of $21.45.Twenty three percent of the time when a random sample of 45 customer tabs
is examinined, the sample average should exceed what value.

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