New ! Business Maths and Statistics MCQ Practise Tests



12th Standard English Medium Business Maths Subject Applied Statistics Creative 2 Mark Questions with Solution Part - I

12th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Business Maths

Time : 00:30:00 Hrs
Total Marks : 10
    5 x 2 = 10
  1. Using the method ofleast squares, fit a straight line trend for Σx = 10, Σy = 16.9, Σx2 = 30, Σxy = 47.4 and n = 7.

  2. Calculate the 3-yearlymoving averages of the production figures (in tonnes) for the following data.

    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
  3. Calculate the seasonal indices by the method of simple average for the following data.

    Year I quarter II quarter III quarter IV quarter
    1985 68 62 61 63
    1986 65 58 66 61
    1987 68 63 63 67
  4. Construct the cost of living index for 2003 on the basis of 2000 from the following data using family budget method.

    Item Price(Rs.) Weights
    Food 2000 2003 30
    Rent 200 280 30
    Clothing 150 120 20
    Fuel & lighting 50 100 10
    Miscellaneous 100 200 20
  5. The following data shows the value of sample mean (\(\bar{X}\)) and the range R for 10 samples of size 5 each. Calculate the control limits for : mean chart and range chart.

    Sample No. 1 2 3 4 5 6 7 8 9 10
    Mean \(\bar{X}\) 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

    (Given for n = 5, A2 = .577, D3 = 0, D4 = 2.115)

*****************************************

Reviews & Comments about 12th Standard English Medium Business Maths Subject Applied Statistics Creative 2 Mark Questions with Solution Part - I updated Creative Questions

Write your Comment