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Applied Statistics 5 Mark Creative Question Paper With Answer Key

12th Standard

    Reg.No. :
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Business Maths

Time : 01:00:00 Hrs
Total Marks : 75

     5 Marks 

    15 x 5 = 75
  1. Fit a straight line trend to the following data using the method of least square. Estimate the trend for 2007.

    year 2000 2001 2002 2003 2004
    Sales (in tonnes) 1 1.8 3.3 4.5 6.3
  2. From the data given below, calculate seasonal indices.

    Quarter Year
      1984 1985 1986 1987 1988
    I 40 42 41 45 44
    II 35 37 35 36 38
    III 38 39 38 36 38
    IV 40 38 40 41 42
  3. Compute
    (i) Laspeyre's
    (ii) Paasche's 
    (iii) Fisher's price index number for 2000 from the following data.

    Commodity Price Quantity
      1990 2000 1990 2000
    A 2 4 8 6
    B 5 6 10 5
    C 4 5 14 10
    D 2 2 19 13
  4. Calculate Fisher's ideal index from the following data and verify that it satisfies both time reversal and factor reversal test

    Commodity Price Quantity
      1985 1986 1985 1986
    A 8 20 50 60
    B 2 6 15 10
    C 1 2 20 25
    D 2 5 10 8
    E 1 5 40 30
  5. The followingdata relateto the life(inhours) of 10 samples of 6 electricbulbs each drawn at an intervalof one hour from a production process.Draw the controlchart for \(\overline { X } \) and \(\overline { R } \) and comment.

    Sample No Lifetime (inhour)
      1 2 3 4 5 6
    1 620 687 666 689 738 686
    2 501 585 524 585 653 668
    3 673 701 686 567 619 660
    4 646 626 572 628 631 743
    5 494 984 659 643 660 640
    6 634 755 625 582 683 555
    7 619 710 664 693 770 534
    8 630 723 614 535 550 570
    9 482 791 533 612 497 499
    10 706 524 626 503 661 754

    (For n = 6,A2= 0.483,D3 = 0,D4 = 2.004)

  6. Calculate the 3 yearly moving average of the production figures given below

    Year 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987
    Production 15 21 30 36 42 46 50 56 63 70 74 82 90 95 102
  7. From the following data, calculate price index number by
    (a) Laspeyre's method
    (b) Paasche's method
    (c) Fisher's method

    Commodity Base year Current year
    Price Quantity Price Quantity
    A 2 40 6 50
    B 4 50 8 40
    C 6 20 9 30
    D 8 10 6 20
    E 10 10 5 20
  8. Calculate Fisher's ideal index from the following data and verify that it satisfies both time Reversal and Faetor Reversal test.

    Commodity Price Quantity
    1985 1986 1985 1986
    A 8 20 50 60
    B 2 6 15 10
    C 1 2 20 25
    D 2 5 10 8
    E 1 5 40 30
  9. Compute index number using Fisher's formula and show that it satisfies time reversal and factor reversal test.

    Commodity Base year Current year
    1985 1986 1985 1986
    A 10 12 12 15
    B 7 15 5 20
    C 5 24 9 20
    D 16 15 14 5
  10. Compute
    (i) Laspeyre's
    (ii) Paasche's and
    (iii) Fisher's index number

    Commodity Price Quality
    Base year current year Base year current year
    A 6 10 50 50
    B 2 2 100 120
    C 4 6 60 60
    D 10 12 30 25
  11. Construct the price index number form the following data by applying 
    i) Laspeyre's
    (ii) Paasche's and
    (ii) Fisher's method

    Commodity 1999 1998
    Price Quantity Price Quantity
    A 11 6 2 8
    B 6 5 5 10
    C 5 10 4 14
    D 2 13 2 19
  12. Calculate the cost of living index number using family budget method

    Commodity A B C D E F g H
    Quantity in base year (unit) 20 50  50 20 40 50 60 40
    Price in base year (Rs) 10 30 40 200 25 100 20 150
    Price in current year (Rs) 12 35 50 300 50 150 25 180
  13. The following data relate to the life in hours of 10 samples of 6 electric bulbs each drawn at an interval of one hour from a production process. Draw chart for \(\bar X\) and R and comment.

    Sample no Life Time (in hours)
    1 620 687 666 689 738 686
    2 501 584 524 585 653 668
    3 673 701 686 567 619 660
    4 646 626 572 628 631 743
    5 494 984 659 643 660 640
    6 634 755 625 582 683 555
    7 519 710 664 693 770 531
    8 630 723 614 535 550 570
    9 482 791 533 612 497 499
    10 706 524 626 503 661 754

    (Given for n = 6, A= 0.483, D3 = 0, D= 2.004)

  14. The following are the X and R values for 20 samples of 5 readings. Draw x chart and R chart and write your conclusion

    Sample 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
    \(\bar X\) 34 31.6 30.8 33 35 33.2 33 32.6 33.8 37.8 35.8 38.4 34 35 38.8 31.6 33 28.2 31.8 35.6
    R 4 4 2 3 5 2 5 13 19 6 4 4 14 4 7 5 5 3 9 6

    (Given for n = 5, A2 = 0.58, D3 = 0, D= 2.12)

  15. 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  11 6 2 8
    Wheat 6 5 5 10
    Rent 5 10 4 14
    Fuel 2 13 2 19
    Transport 50 5 65 8
    Miscellaneous 75 1 80 3

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