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Published on: 13/05/2022
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Take MCQ Business Maths and Statistics Test

1.
The mean life time of 50 electric bulbs produced by a manufacturing company is estimated to be 825 hours with the S.D. of 110 hours. If II is the mean life time of all the bulbs produced by the company, test the hypothesis that μ = 900 hours at 5% level of significance.
2.
A company market car tyres. Their lives are normally distributed with a mean of 50,000 kms and standard derivation of 2000 kms. A test sample of 64 tyres has a mean life of 51250 km. Can you conclude that the sample mean differs significantly from the population mean? (Test at 5% level).
3.
A random sample of marks in mathematics secured by 50 students out of 200 students showed a mean of 75 and a standard deviation of 10. Find the 95% confidence limits for the estimate of their mean marks.
4.
A sample of five measurements of the diameter of a sphere were recorded by a scientist as 6.33, 6.37,6.36,6.32 and 6.37 mm. Determine the point estimate of
(a) mean
(b) variance.
5.
A random sample of 500 apples was taken from large consignment and 45 of them were found to be bad. Find the limits at which the bad apples lie at 99% confidence level.
1.
Given sample size n = 50
Sample mean \(\bar { x }\) = 825
Population mean μ = 900
Population S.D. σ = 110
Null hypotheses: H0: μ = 900
Alternative hypotheses: H1: μ ≠ 900
The test statistic, z = \(\frac { \bar { x } -\mu }{ \frac { \sigma }{ \sqrt { n } } } \)
=\(\frac { 825-900 }{ \frac { 110 }{ \sqrt { 50 } } } \) = -4.82
∴ |z| = -4.82
As the significance level is α = 0.05, \(Z_{ \frac { \alpha }{ 2 } }\) = 1.96
Here |z| > \(Z_{ \frac { \alpha }{ 2 } }\) as 4.82 > 1.96
Inference: As |z| > \(Z_{ \frac { \alpha }{ 2 } }\), H0 is rejected. Hence, we can conclude that mean life time of the population of electric bulbs cannot be taken as 900 hours.
2.
Given sample size n = 64
Sample mean \(\bar { x } \) = 51250
Null hypotheses: H0: Population mean μ = 50000 Alternative hypotheses: H1 : μ≠ 50,000
The test statistic, z = \(\frac { \bar { x } -\mu }{ \frac { \sigma }{ \sqrt { n } } } =\frac { 51250-50000 }{ \frac { 2000 }{ \sqrt { 64 } } } \)=5
∴ z = 5
As the significance level is α = 0.05, \(Z_{ \frac { \alpha }{ 2 } }\) = 1.96
Here z > zα as 5 < 1.96
Inference: As z > zα, H0 is rejected. Hence, we can conclude that the sample mean differs significantly from the population mean.
3.
Sample size n = 50
Sample mean \(\bar { x } \) = 75
Sample S.D. s = 10
Standard error (S.E) = \(\frac { s }{ \sqrt { n } } =\frac { 10 }{ \sqrt { 50 } } =\frac { 10 }{ 7.07 } \)
= 1.414
As the significance level is α = 0.005, \(Z_{ \frac { \alpha }{ 2 } }\) = 1.96
∴ 95% confidence limits for the population mean is \(\bar { X } -Z_{ \frac { \alpha }{ 2 } }(S.E)\le \bar { X } -Z_{ \frac { \alpha }{ 2 } }(S.E)\)
⇒ 75 - (1.96)(1.414) ≤ μ ≤ 75 + (1.96)(1.414)
⇒ 75-2.771 ≤ μ ≤ 75 + 2.771
⇒ 72.23 ≤ μ ≤ 77.77
Hence, the 95% confidence interval of the population mean is (72.23, 77.77)
4.
Sample mean \(\bar { x } =\frac { \Sigma x }{ n } \)
= \(\frac { 6.35+6.37+6.36+6.32+6.37 }{ 5 } \)
= \(\frac { 31.75 }{ 5 } \) = 6.35 mm
| X | X-\(\bar { x } \) | (X-\(\bar { x } \))2 |
| 6.33 | 0.02 | 0.0004 |
| 6.33 | 0.02 | 0.0004 |
| 6.36 | 0.01 | 0.0001 |
| 6.32 | -6.32 | 0.0009 |
| 6.37 | 0.02 | 0.0004 |
| 0.0023 |
Sample variance = \(\frac { 1 }{ n-1 } \Sigma (x-\bar { x } )^{ 2 }=\frac { 0.0023 }{ 4 } \)
= 0.00055
n = 0.0055 mm2
5.
Sample size n = 500
Proportion of bad apples in the sample
= \(\frac { 45 }{ 500 } \) = 0.09
p = 0.09
∴ q = 1 - p = 1-0.09 = 0.91
Standard error = \(\sqrt { \frac { pq }{ n } } =\sqrt { \frac { (.09)(.91) }{ 500 } } \)
= 0.0128
As the significance level is α = 0.001, \(Z_{ \frac { \alpha }{ 2 } }\) = 2.58
∴ The confidence limits for the population proportion of bad apples are given by
p-zα (S.E.) ≤ p ≤ p + zα (S.E.)
⇒ 0.09 - 2.58 (0.0128) ≤ p ≤ .09 + 2.58 (0.0128)
⇒ 0.09 - 0.033 ≤ p ≤ .09 + 0.033
⇒ 0.057 ≤ p ≤ 0.123
Thus, the bad apples in the consignment lie between (0.057, 0.123).
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