Bethune College (Affiliated to University of Calcutta) UG Internal Examination (CBCS) SUBJECT: ECONOMICS, PAPER: CC7, SEMESTER-III, 2022 F.M:10 GROUP-A (Answer any four questions) 1X4=4 1. The sample mean π₯Μ of a simple random sample with replacement is distributed normally with mean: π2 π−1 A) π and variance π (1 − π−1) π2 B) π and variance π π2 π−1 C) π and varianceπ−1 (1 − π−1) π2 D) π and varianceπ−1 Where N is the population and n is the sample size. 2. Let X and Y have the joint density function 2π₯−7π¦ πππ 0 < π₯, π¦ < ∞ π(π₯, π¦) = {π ππ‘βπππ€ππ π 0 A) X and Y stochastically independent B) X and Y stochastically dependent C) None of the above 3. The sample mean is a better estimator than the sample median in all respect A) True B) False C) Inconclusive D) None of the above 4. In case of a normal distribution, A) Mean> Median> Mode B) Mean< Median< Mode C) Mean= Median= Mode D) None of the above 5. For any distribution, state which of the following statement is true: A) The median is greater than the 7th Decile B) The 3rd Quartile is equal to the 55th Percentile C) The 2nd Quartile is equal to the 5th Decile D) None of the above Internal Examination, Semester: I/ II/ III/ IV/ V/ VI, Date: GROUP-B (Answer any two questions) 3X2=6 1. What is the difference between probability mass function and probability density function? 2. The median and mode of the following wage distribution are known to be Rs. 3,350 an Rs. 3,400 respectively. Find the values of f1, f2 and f3 0-1000 1000-2000 2000-3000 3000-4000 4000-5000 5000-6000 6000-7000 Total 4 16 f1 f2 f3 6 4 230 3. Suppose a box contains 10 blue balls and 10 red balls. Four balls are drawn at random from the box. Let X be the number of blue balls drawn and Y be the number of red balls drawn. Draw the regression line of X on Y. Internal Examination, Semester: I/ II/ III/ IV/ V/ VI, Date: