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Applied Statistics 5 Mark Book Back Question Paper With Answer Key

12th Standard

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Business Maths

Time : 01:00:00 Hrs
Total Marks : 210

    5 Marks

    42 x 5 = 210
  1. Given below are the data relating to the production of sugarcane in a district.
    Fit a straight line trend by the method of least squares and tabulate the trend values.

    Year 2000 2001 2002 2003 2004 2005 2006
    Prod.of Sugarcane 40 45 46 42 47 50 46
  2. Given below are the data relating to the sales of a product in a district.
    Fit a straight line trend by the method of least squares and tabulate the trend values.

    Year 1995 1996 1997 1998 1999 2000 2001 2002
    Sales 6.7 5.3 4.3 6.1 5.6 7.9 5.8 6.1
  3. Calculate the seasonal index for the monthly sales of a product using the method of simple averages.

    Months Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec
    Year
    2001 15 41 25 31 29 47 41 19 35 38 40 30
    2002 20 21 27 19 17 25 29 31 35 39 30 44
    2003 18 16 20 28 24 25 30 34 30 38 37 39
  4. Calculate the seasonal index for the quarterly production of a product using the method of simple averages.

    Year I Quarter   II Quarter   III Quarter   IV Quarter 
    2005 255 351 425 400
    2006 269 310 396 410
    2007 291 332 358 395
    2008 198 289 310 357
    2009 200 290 331 359
    2010 250 300 350 400
  5. the Laspeyre’s, Paasche’s and Fisher’s price index number for the following data. Interpret on the data.

    Commodities Price Quandity
    2000 2010 2000 2010
    Rice 38 35 6 7
    Wheat 12 18 7 10
    Rent 10 15 10 15
    Fuel 25 30 12 16
    Miscellaneous 30 33 8 10
  6. Construct the Laspeyre’s, Paasche’s and Fisher’s price index number for the following data. Comment on the result.

    Commodities Base Year Current Year
    Price Quantity Price Quantity
    Rice 15 5 16 8
    Wheat  10 6 18 9
    Rent 8 7 15 8
    Fuel 9 5 12 6
    Transport 11 4 11 7
    Miscellaneous 16 6 15 10
  7. Calculate Fisher’s price index number and show that it satisfies both Time Reversal Test and Factor Reversal Test for data given below.

    Commodities Price Quandity
    2003 2009 2003 2009
    Rice 10 13 4 6
    Wheat 125 18 7 8
    Rent 25 29 5 9
    Fuel 11 14 8 10
    Miscellaneous 14 17 6 7
  8. Calculate Fisher’s price index number and show that it satisfies both Time Reversal Test and Factor Reversal Test for data given below.

    Commodities Base Year Current Year
    Price Quantity Price Quantity
    Rice 10 5 11 6
    Wheat  12 6 13 4
    Rent 14 8 15 7
    Fuel 16 9 17 8
    Transport 18 7 19 5
    Miscellaneous 20 4 21 3
  9. Construct Fisher’s price index number and prove that it satisfies both Time Reversal Test and Factor Reversal Test for data following data.

    Commodities Base Year Current Year
    Price Quantity Price Quantity
    Rice 40 5 48 4
    Wheat  45 2 42 3
    Rent 90 4 95 6
    Fuel 85 3 80 2
    Transport 50 5 65 8
    Miscellaneous 65 1 72 3
  10. Calculate the cost of living index number for the following data.

    Commodities Quantity
    2005
    Price
    2005 2010
    A 10 7 9
    B 12 6 8
    C 17 10 15
    D 19 14 16
    E 15 12 17
  11. Calculate the cost of living index number for the year 2015 with respect to base year 2010 of the following data.
    \(\begin{array}{|c|c|c|c|} \hline \text { Commodities } & \begin{array}{c} \text { Number of } \\ \text { Units (2010) } \end{array} & \begin{array}{c} \text { Price } \\ (2010) \end{array} & \begin{array}{c} \text { Price } \\ (2015) \end{array} \\ \hline \text { Rice } & 5 & 1500 & 1750 \\ \hline \text { Sugar } & 3.5 & 1100 & 1200 \\ \hline \text { Pulses } & 3 & 800 & 950 \\ \hline \text { Cloth } & 2 & 1200 & 1550 \\ \hline \text { Ghee } & 0.75 & 550 & 700 \\ \hline \text { Rent } & 12 & 2500 & 3000 \\ \hline \text { Fuel } & 8 & 750 & 600 \\ \hline \text { Misc } & 10 & 3200 & 3500 \\ \hline \end{array}\)

  12. Calculate the cost of living index number by consumer price index number for the year 2016 with respect to base year 2011 of the following data
    \(\begin{array}{|c|c|c|c|} \hline & {\text { Price }} & \\ \begin{array}{c} \text { Commodities } \\ \text { } \end{array} & \begin{array}{c} \text { Base } \\ \text { year } \end{array} & \begin{array}{c} \text { Current } \\ \text { year } \end{array} & \text { Quantity } \\ \hline \text { Rice } & 32 & 48 & 25 \\ \hline \text { Sugar } & 25 & 42 & 10 \\ \hline \text { Oil } & 54 & 85 & 6 \\ \hline \text { Coffee } & 250 & 460 & 1 \\ \hline \text { Tea } & 175 & 275 & 2 \\ \hline \end{array}\)

  13. Construct the cost of living index number for 2011 on the basis of 2007 from the given data using family budget method.

    Commodities Price Weights
    2007 2011
    A 350 400 40
    B 175 250 35
    C 100 115 15
    D 75 105 20
    E 60 80 25
  14. The data shows the sample mean and range for 10 samples for size 5 each. Find the control limits for mean chart and range chart.

    Sample 1 2 3 4 5 6 7 8 9 10
    Mean 21 26 23 18 19 15 14 20 16 10
    Range 5 6 9 7 4 6 8 9 4 7
  15. The following data gives readings of 10 samples of size 6 each in the production of a certain product. Draw control chart for mean and range with its control limits.

    Sample 1 2 3 4 5 6 7 8 9 10
    Mean 383 508 505 582 557 337 514 614 707 753
    Range 95 128 100 91 68 65 148 28 37 80
  16. You are given below the values of sample mean ( \(\bar{X}\) ) and the range ( R ) for ten samples of size 5 each. Draw mean chart and comment on the state of control of the process.

    Sample number 1 2 3 4 5 6 7 8 9 10
    \(\overset{-}{X}\) 43 49 37 44 45 37 51 46 43 47
    R 5 6 5 7 7 4 8 6 4 6

    Given the following control chart constraint for : n = 5, A= 0.58, D= 0 and D= 2.115

  17. Compute the average seasonal movement for the following series

    Year Quarterly Production
    I II III IV
    2002 3.5 3.8 3.7 3.5
    2003 3.6 4.2 3.4 4.1
    2004 3.4 3.9 3.7 4.2
    2005 4.2 4.5 3.8 4.4
    2006 3.9 4.4 4.2 4.6
  18. The annual production of a commodity is given as follows :
    \(\begin{array}{|c|c|} \hline \text { Year } & \text { Production (in tones) } \\ \hline 1995 & 155 \\ \hline 1996 & 162 \\ \hline 1997 & 171 \\ \hline 1998 & 182 \\ \hline 1999 & 158 \\ \hline 2000 & 180 \\ \hline 2001 & 178 \\ \hline \end{array}\)
    Fit a straight line trend by the method of least squares.

  19. Determine the equation of a straight line which best fits the following data

    Year 2000 2001 2002 2003 2004
    Sales(Rs.000) 35 36 79 80 40

    Compute the trend values for all years from 2000 to 2004

  20. The sales of a commodity in tones varied from January 2010 to December 2010 as follows:

    In year 2010 Jan  Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
    Sales (in tones) 280 240 270 300 280 290 210 200 230 200 230 210

    Fit a trend line by the method of semi-average.

  21. Use the method of monthly averages to find the monthly indices for the following data of production of a commodity for the years 2002, 2003 and 2004.

    2002 15 18 17 19 16 20 21 18 17 15 14 18
    2003 20 18 16 13 12 15 22 16 18 20 17 15
    2004 18 25 21 11 14 16 19 20 17 16 18 20
  22. Calculate the seasonal indices from the following data using the average from the following data using the average method:

      I Quarter II Quarter III Quarter IV Quarter
    2008 72 68 62 76
    2009 78 74 78 72
    2010 74 70 72 76
    2011 76 74 74 72
    2012 72 72 76 68
  23. The following table shows the number of salesmen working for a certain concern:

    Year 1992 1993 1994 1995 1996
    No. of salesmen 46 48 42 56 52

    Use the method of least squares to fit a straight line and estimate the number of salesmen in 1997.

  24. Calculate price index number for 2005 by
    (a) Laspeyre’s
    (b) Paasche’s method

    Commodity 1995 2005
    Price Quantity Price Quantity
    A 5 60 15 70
    B 4 20 8 35
    C 3 15 6 20
  25. Compute
    (i) Laspeyre’s
    (ii) Paasche’s
    (iii) Fisher’s Index numbers for the 2010 from the following data.

    Commodity Price Quantity
    2000 2010 2000 2010
    A 12 14 18 16
    B 15 16 20 15
    C 14 15 24 20
    D 12 12 29 23
  26. Using the following data, construct Fisher’s Ideal index and show how it satisfies Factor Reversal Test and Time Reversal Test?

    Commodity Price in Rupees per unit Number of units
    Base year Current year Base year Current year
    A 6 10 50 56
    B 2 2 100 120
    C 4 6 60 60
    D 10 12 50 24
    E 8 12 40 36
  27. Using Fisher’s Ideal Formula, compute price index number for 1999 with 1996 as base year, given the following:

    Year Commodity: A Commodity: B Commodity: C
    Price (Rs.) Quantity (Kg) Price (Rs.) Quantity (Kg) Price (Rs.) Quantity (Kg)
    1996 5 10 8 6 6 3
    1999 4 12 7 7 5 4
  28. Calculate Fisher’s index number to the following data. Also show that it satisfies Time Reversal Test.

    Commodity Price in Rupees per unit Number of units
    Price (Rs.) Quantity (Kg) Price (Rs.) Quantity (Kg)
    Food 40 12 65 14
    Fuel 72 14 78 20
    Clothing 36 10 36 15
    Wheat 20 6 42 4
    Others 46 8 52 6
  29. A machine is set to deliver packets of a given weight. Ten samples of size five each were recorded. Below are given relevant data:

    Sample number 1 2 3 4 5 6 7 8 9 10
    \(\overset {-}{X}\) 15 17 15 18 17 14 18 15 17 16
    R 7 7 4 9 8 7 12 4 11 5

    Calculate the control limits for mean chart and the range chart and then comment on the state of control. (conversion factors for n = 5, A= 0.58, D= 0 and D= 2.115

  30. Ten samples each of size five are drawn at regular intervals from a manufacturing process. The sample means ( \(\overset{-}{X}\) ) and their ranges (R ) are given below:

    Sample number 1 2 3 4 5 6 7 8 9 10
    \(\overset {-}{X}\) 49 45 48 53 39 47 46 39 51 45
    R 7 5 7 9 5 8 8 6 7 6

    Calculate the control limits in respect of \(\overset {-}{X}\) chart. (Given A= 0.58, D= and D4 = 2.115)  Comment on the state of control.

  31. Construc \(\overset {-}{X}\) and R charts for the following data:

    Sample Number Observations
    1 32 36 42
    2 28 32 40
    3 39 52 28
    4 50 42 31
    5 42 45 34
    6 50 29 21
    7 44 52 35
    8 22 35 44

    ( Given for n = 3, A= 0.58,D= 0 and D= 2.115)

  32. The following data show the values of sample mean (\(\overset{-}{X}\)) and its range (R) for the samples of size five each. Calculate the values for control limits for mean, range chart and determine whether the process is in control.

    Sample number 1 2 3 4 5 6 7 8 9 10
    Mean 11.2 11.8 10.8 11.6 11.0 9.6 10.4 9.6 10.6 10.0
    Range 7 4 8 5 7 4 8 4 7 9

    ( conversion factors for n = 5, A= 0.58, D= 0 and D= 2.115)

  33. A quality control inspector has taken ten samples of size four packets each from a potato chips company. The contents of the sample are given below, Calculate the control limits for mean and range chart.

    Sample Number Observations
      1 2 3 4
    1 12.5 12.3 12.6 12.7
    2 12.8 12.4 12.4 12.8
    3 12.1 12.6 12.5 12.4
    4 12.2 12.6 12.5 12.3
    5 12.4 12.5 12.5 12.5
    6 12.3 12.4 12.6 12.6
    7 12.6 12.7 12.5 12.8
    8 12.4 12.3 12.6 12.5
    9 12.6 12.5 12.3 12.6
    10 12.1 12.7 12.5 12.8

    (Given for n = 5,  A= 0.58, D3  = 0 and D= 2.115)

  34. The following data show the values of sample means and the ranges for ten samples of size 4 each. Construct the control chart for mean and range chart and determine whether the process is in control

    Sample number 1 2 3 4 5 6 7 8 9 10
    \(\overset{-}{X}\) 29 26 37 34 14 45 39 20 34 23
    R 39 10 39 17 12 20 05 21 23 15
  35. In a production process, eight samples of size 4 are collected and their means and ranges are given below. Construct mean chart and range chart with control limits.

    Sample number 1 2 3 4 5 6 7 8
    \(\overset{-}{X}\) 12 13 11 12 14 13 16 15
    R 2 5 4 2 3 2 4 3
  36. In a certain bottling industry the quality control inspector recorded the weight of each of the 5 bottles selected at random during each hour of four hours in the morning.

    Time Weights in ml  
    8:00 AM 43 41 42 43 41
    9:00 AM 40 39 40 39 44
    10:00 AM 42 42 43 38 40
    11:00 AM 39 43 40 39 42
  37. Fit a straight line trend by the method of least squares to the following data.

    Year 1980 1981 1982 1983 1984 1985 1986 1987
    Sales 50.3 52.7 49.3 57.3 56.8 60.7 62.1 58.7
  38. Calculate the Laspeyre’s, Paasche’s and Fisher’s price index number for the following data. Interpret on the data.

    Commodities Base Year Current Year
    Price Quantity Price Quantity
    A 170 562 72 632
    B 192 535 70 756
    C 195 639 95 926
    D 187 128 92 255
    E 185 542 92 632
    F 150 217 180 314
    7 12.6 12.7 12.5 12.8
    8 12.4 12.3 12.6 12.5
    9 12.6 12.5 12.3 12.6
    10 12.1 12.7 12.5 12.8
  39. Using the following data, construct Fisher’s Ideal Index Number and Show that it satisfies Factor Reversal Test and Time Reversal Test?

    Commodities Price Quantity
      Base Year Current year Base Year Current year
    Wheat 6 10 50 56
    Ghee 2 2 100 120
    Firewood 4 6 60 60
    Sugar 10 12 30 24
    Cloth 8 12 40 36
  40. From the following data, calculate the control limits for the mean and range chart.

    Sample No. 1 2 3 4 5 6 7 8 9 10
    Sample Observations 50 51 50 48 46 55 45 50 47 56
    55 50 53 53 50 51 48 56 53 53
    52 53 48 50 44 56 53 54 49 55
    49 50 52 51 48 47 48 53 52 54
    54 46 47 53 47 51 51 57 54 52
  41. The following data gives the average life(in hours) and range of 12 samples of 5 lamps each. The data are

    Sample No 1 2 3 4 5 6
    Sample Mean 1080 1390 1460 1380 1230 1370
    Sample Range 410 670 180 320 690 450
    Sample No 7 8 9 10 11 12
    Sample Mean 1310 1630 1580 1510 1270 1200
    Sample Range 380 350 270 660 440 310

    Construct control charts for mean and range. Comment on the control limits.

  42. The following are the sample means and ranges for 10 samples, each of size 5. Calculate the control limits for the mean chart and range chart and state whether the process is in control or not.

    Sample number 1 2 3 4 5 6 7 8 9 10
    Mean 5.10 4.98 5.02 4.96 4.96 5.04 4.94 4.92 4.92 4.98
    Range 0.3 0.4 0.2 0.4 0.1 0.1 0.8 0.5 0.3 0.5

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