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12th Standard English Medium Business Maths Subject Applied Statistics Creative 5 Mark Questions with Solution Part - I

12th Standard

    Reg.No. :
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Business Maths

Time : 00:30:00 Hrs
Total Marks : 25
    5 x 5 = 25
  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)

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