STATISTICS FULL COURSE:
SECTION A: MCQ:
1. The price of an item increased by 4.2 times in the current year compared to the base year. What will be the price
index number?
(A) 420 (B) 104.2 (C) 520 (D) 450
2. Which prices are considered in the construction of cost of living index number?
(A) Market price (B) Wholesale price (C) Retail price (D) Average price
3. What is the value of r, if all points of scatter diagram lie on a single line only?
(A) 0 (B) 1 or -1 (C) 0.5 (D) -0.5
4. What kind of correlation can be obtained if two variables are varying in opposite direction in constant proportion?
(A) Perfect positive (B) Perfect negative (C) Partial positive (D) Partial negative
5. The regression line always passes through which point?
(A) (xˉ,yˉ) (B) (0,yˉ) (C) (xˉ,0) (D) (0,0)
6. For which value of correlation co-efficient(r), the regression co-efficient becomes zero?
(A) 1 (B) -1 (C) ½ (D) 0
7. How do you show the additive model of time series?
(A) yt=Tt+St+Ct-Rt (B) yt=Tt+St+Ct+Rt (C) yt=Tt*St+Ct*Rt (D) yt=Tt-St-Ct-Rt
8. Which variation is shown in ‘decrease in the production of a company’ due to strike?
(A) Random (B) Trend (C) Seasonal (D) Cyclical
9. Which of the following options is true for any event of the sample space?
(A) P(A)<0 (B) 0≤P(A)≥1 (C) 0≤P(A)≤1 (D) P(A)>1
10. What is the probability of having 5 Thursdays in the month of August in any year?
(A) 0 (B) 1/7 (C) 2/7 (D) 3/7
11. Which of the following will be an illustration of discrete variable?
(A) Height of a student (B) Weight of a student (C) Blood pressure of student (D) Birth year of student
12. For a positively skewed binomial distribution with n=20, which of the following might be the value of mean?
(A) 10 (B) 12 (C) 8 (D) 20
13. Mean and variance of a discrete probability distribution are 3 and 7 respectively. What will be E(X 2) of this
distribution?
(A) 10 (B) 4 (C) 40 (D) 16
14. What is the area to the left hand side of perpendicular line at X=µ?
(A) 1 (B) -1 (C) 0.5 (D) -0.5
15. What is the value of quartile deviation for standard normal distribution?
(A) 2/3ỡ (B) 4/5ỡ (C) 2/3 (D) 4/5
16. In normal distribution, usually which limits include 99% of the observations?
(A) µ±1.96ỡ (B) µ±2ỡ (C) µ±3ỡ (D) µ±2.575ỡ
17. What is the neighborhood form of |x+1|<0.5
(A) N(1,0.5) (B) N(-1,0.5) (C) N(1,-0.5) (D) N(-1,-0.5)
18. What is the interval form of |x-5|<0.25?
(A) (4.75,5.25) (B) (-4.75, -5.25) (C) (-5.25,-4.75) (D) (-5.25,4.75)
19. If y=ax+b, a and b are constants then what will be the value of dy/dx?
(A) a (B) b (C) a+b (D) 0
20. What are the necessary and sufficient conditions for a function to be minimum at x=a?
(A) f’(a)=0, f’’(a)<0 (B) f’(a)>0, f’’(a)>0 (C) f’(a)=0, f’’(a)>0 (D) f’(a)<0, f’’(a)>0
SECTION B: OBJECTIVES:
Q.21: What is a base year?
Q.22: Define: Correlation.
Q.23: What are the constants a and b in regression line ỹ=a+bx?
Q.24: Which of the components of time series produce short term variation?
Q.25: Arrange: P(A), P(AUB), P(AnB), P(A)+P(B) and 0 in ascending order.
Q.26: Mean of a symmetrical binomial distribution is 7. Find the value of its parameter n.
Q.27: For a normal distribution, the estimated value of quartile deviation is 12. Find the value of its standard
deviation.
Q.28: Which value of standard normal variable divides the curve into two equal parts?
Q.29: Define an open interval.
Q.30: What is marginal revenue?
SECTION C: 2 MARKS: (ANY 7 OUT OF 9):
Q.31: The wholesale price index numbers for 2014 and 2015 are found to be 177.6 and 181.2 respectively. Find the
rate of inflation using index number of both years.
Q.32: Find value of r if ∑(x-xˉ)(y-yˉ)= -65, Sx=3, Sy=4 and n=10
Q.33: State the properties of regression co-efficient.
Q.34: State the advantages of method of moving average.
Q.35: Seven speakers A,B,C,D,E,F,G are invited in a programme to deliver speech in a random order. Find the
probability that B delivers speech immediately after A.
Q.36: The distribution of a random variable X is p(x)=k.5Px ; x=0,1,2,3,4,5
Find constant k and mean of this distribution.
Q.37: If |x+4|<0.04=(k,-3.96) then find the value of k.
Q.38: Explain x->a.
Q.39: Find dy/dx:
y= 2x+3
------
3x-2
SECTION D: 3 MARKS: (ANY 8 OUT OF 12):
Q.40: Find the price index number for 2014 by the method of family budget from the following data about price and
consumption of different food items and interpret it:
Item Year 2010 Year 2014
Quantity Price Price
Wheat 60 15 18
Rice 40 32 40
Bajri 15 12 14
Tuver Dal 25 50 70
Q.41: The price of wheat increased by 70% and price of rice increased by 40% in 2015 with respect to 2010. The price
of bajri decreased by 25%. The price of oil increased by 40% and price of ghee decreased by 5%. If importance of oil is
3 times and of rice is double that of ghee and the importance of each of wheat and bajri is double that of rice, find
price index number of the group of these 5 items and interpret it.
Q.42: Daily calorie intake of 10 persons is X and their weight is Y kg. The rank correlation co-efficient from this
information is 0.6. On subsequent verification, it was noticed that difference of ranks of X and Y for one of the persons
was taken as 2 instead of 4. Find the correct value of rank correlation co-efficient.
Q.43: The information about investment (in lakh Rs.) and its market price (in lakh Rs.) after 6 months in share market
in last 7 years for a mutual fund company is as follows:
Particulars Investment (lakh Rs.) X Market price (lakh Rs.) Y
Mean 40 50
Variance 100 256
Covariance=80
Obtain the regression line of Y on X and estimate the market price after 6 months if there is investment of Rs. 45
lakhs.
Q.44: If byx=0.8, then find bvu for the following values of u and v
(i) u= x-105 and v= y-90
(ii) u= x-1400 and v= y-750
--------- -----------
100 50
(iii) u= 10(x-4.6) and v= y-75
Q.45: Obtain the linear equation for trend for a time series with n=8, ∑y=344, ∑ty=1342
Q.46: Person A can hit the target in 3 out of 5 attempts whereas person B can hit the target in 5 out of 6 attempts. If
both of them attempt simultaneously, find the probability that target is hit.
Q.47: Explain the following events with a venn diagram:
(i) Union of events
(ii) Mutually exclusive events
Q.48: If P(A’)=7/25, P(B/A)=5/12 and P(A/B)=1/2 for two events A and B in the sample space of a random experiment
then find P(AnB) and P(B).
Q.49: In a game of hitting a target, the probability that Ramesh will fail in hitting the target is 2/5. If he is given 3 trials
to hit the target, find the probability of the event that he hits the target successfully in 2 trials. State mean of this
distribution.
Q.50: State the properties of binomial distribution.
Q.51: Find f’(x) if f(x)= √x2+5 (There is root in the whole equation: Whole root of x2+5)
SECTION E: 4 MARKS: (ANY 3 OUT OF 4):
Q.52: An amount of purchase of a customer in a mall of a city follows normal distribution with mean 800 and standard
deviation 200. If a customer is selected at random then find the probability for the following events:
(i) Amount of purchase made by him is between Rs. 850 to Rs. 1200
(ii) Amount of purchase made by him is between Rs. 600 to Rs. 750
Q.53: The monthly bill amount of regular customers of a provision store follows normal distribution. If 7.78%
customers have bill amount less than Rs. 3590 and 94.52% customers have bill amount less than Rs. 5100 then
determine parameters of the normal distribution. Also determine the interval for middle 95% customers.
Q.54: Find the value of:
Lim x2-2x-3
-----------
x->3 x2-5x+6
Q.55: A toy is sold for Rs. 20. Total cost of producing x such toys is C=1000+16.5x+0.001x 2 rupees. How many toys
should be produced for maximum profit.
SECTION F: 5 MARKS: (ANY 4 OUT OF 6):
Q.56: Find the Laspeyre’s and Paasche’s index numbers using the following data for the year 2015 by taking 2014 as
the base year. Also find Fisher’s index number and interpret it:
Item Base year 2014 Current year 2015
Price per unit Total expenditure Price per unit Total expenditure
Wheat 16 224 18 270
Rice 35 140 40 200
Tuver Dal 100 200 120 360
Oil 108 432 120 600
Q.57: Find Karl Pearson’s correlation co-efficient between density of population and death rate:
Density 750 600 350 500 200 700 850
Death Rate 30 20 15 20 10 25 50
Q.58: The following data is obtained to know the relation between maximum day temperature and sale of ice cream is
Ahmedabad city:
Max Temp 35 42 40 39 44 40 45 40
Sale 600 680 750 630 920 750 900 720
Calculate the rank correlation co-efficient.
Q.59: The information regarding the experience of 8 workers on a machine and their performance rating is as follows:
Experience 5 12 15 8 20 18 22 25
Rating 80 82 85 81 90 90 95 97
Obtain the regression line of Y on X and estimate the performance rating if worker has experience of 17 years.
Q.60: The no. of 2 wheelers registered in a city is as follows. Use the method of fitting linear equation to these data to
obtain estimate of no. of vehicles in 2016 and 2017. Also find the trend value for each year.
Year 2010 2011 2012 2013 2014 2015
No. of vehicles 69 75 82 91 101 115
Q.61: The average monthly closing prices of shares are as follows. Find the trend using 4 monthly moving averages:
Month Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec
Price 253 231 350 261 262 266 263 261 281 278 278 272
