LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034 B.Com., B.B.A. DEGREE EXAMINATION – CORPORAT.SECR. & BUS. ADMIN. SUPPLEMENTARY EXAMINATION – JUNE 2009 ST 4208 - STATISTICS FOR MANAGEMENT Date & Time: 25/06/2009 / 10:00 - 1:00 Dept. No. SECTION A Answer ALL questions. Max. : 100 Marks (10 X 2 = 20 marks) 1. Define probability and give an example. 2. Write any four properties of normal distribution. 3. Define type I – error and type – II error. 4. Explain the term standard error 5. What are index numbers? What are their uses ? 6. Discuss the steps in the construction of a cost of living index by the family budget method 7. Explain the various types of control chart. 8. State the advantages and disadvantage of statistical quality control. 9. Define the term feasible solution. 10. Write the steps of the Hungarian method for assignment problem. SECTION B (5 X 8 = 40 Marks) Answer any FIVE questions 11. State addition and multiplication theorems on probability. Illustrate them by means of an example 12. If 3% of the electric bulbs manufactured by a company are defective, find the probability that in a sample of 100 bulbs, exactly five bulbs are defective (e-3 = 0.0498) 13. A sample of 400 male student is found to have a mean height of 171.38 cms. Can it be reasonably regarded as a sample from a large population with mean height 171.17 cm and standard deviation 3.30 cm? 14. From the following data of the whole sale prices of wheat for the ten years construct Index numbers taking (a) 1979 as base and (b)by chain base method year Price Wheat 1988 50 1989 60 1990 62 1991 65 1992 70 1993 78 1994 82 1995 84 1996 88 1997 90 15. You are given below the values of sample mean(X) and the range (R) for ten samples of size 5 each. Draw mean and range charts and comment on the state of control of the process. Sample No: 1 X: 43 R: 5 2 49 6 3 37 5 4 44 7 5 45 7 6 37 4 7 51 8 8 46 6 16. Distinguish between np-chart and c- chart 1 9 43 4 10 47 6 17.Solve the following transportation problem by VAM method. Destination Source A D1 3 D2 5 D3 8 D4 D5 9 11 Supply 20 B 5 4 10 7 10 40 C 2 5 8 7 5 30 Demand 10 15 25 30 40 18. Two groups of 100 people each were taken for testing the use of a vaccine,15 persons contracted the disease out of the inoculated persons, while 25 contracted the disease in the other group. Test the efficiency of the vaccine using chi-square test at 5% level. SECTION C (2 X 20 = 40 Marks) Answer any TWO questions 19 (a) Each of six urns contains black and white balls; one has eight white and 4 black balls; two have six 6 white and 6 black balls and three have 4 white and 8 black an urn is drawn at random, and 3 balls are drawn without replacement from that urn two of the three are white and the other is black. What is the probability that the urn drawn contained 4 white and 8 black balls? 19(b) If 10% of the screws produced by an automatic machines are defectives, find the probability that of 20 screws selected at random there are (i) exactly two defectives (ii)at the most three defectives (iii) at least two defectives. (10 +10 ) 20(a) A company arranged an intensive training course for its team of salesmen. A random Sample of 10 salesmen was selected and the value ( in 000) of their sales made in the weeks immediately before and after the course are shown in the following table Salesman 1 2 3 4 5 6 7 Sales before 12 23 5 18 10 21 19 Sales after 18 22 15 21 13 22 17 Test whether there is evidence of an increase in mean scale 8 15 19 9 8 12 10 14 16 20 (b) There are three main brands of a certain powder. A set of 120 sample values is examined and found to be allocated among four groups ( A,B, C and D ) and three brands ( I , II, III) as shown here under Brands Groups I II II A B 0 4 5 8 18 19 C D 8 15 13 6 11 13 Is there any significant difference in brands preference? Answer at 5% level. (10 +10 ) 2 21(a) The following table gives the number of error of alignment observed at final inspection of a certain method of bus. Prepare a c-chat and comment on it Bus No No.of allignment Defects 1000 1001 1002 1003 1004 1005 1006 1007 1008 1009 1010 4 6 10 8 7 12 9 5 7 3 4 1011 1012 1013 1014 1015 1016 1017 1018 1019 1020 8 6 10 16 6 12 3 4 2 1 21.(b)Using the following data, construct Fisher’s Ideal Index and show how it satisfies factor Reversal test and Time Reversal test Commodity Base year Current Base year Current Year Price Year Price Quantity Quantity A B C D E 6 2 4 10 8 10 2 6 12 12 50 100 60 50 40 56 120 60 24 36 (10 +10 ) 22 (a) A company has 4 machine to be assigned to 4 of the 5 workers available for this purpose. The expected production from each machine operated by each workers is given below. WORKERS MACHINE I II III IV W1 40 48 49 30 W2 46 32 36 46 W3 48 36 41 49 W4 36 29 38 44 W5 48 44 45 47 Suggest optimal assignment of workers to machine. 22 (b)Reduce the following game by dominance and find the game value Player B I II III IV I 3 3 4 0 Player A II 2 4 2 4 III 4 2 4 0 IV 0 4 0 8 (10 +10 ) **************** 3