EXERCISES
EXERCISES
EXERCISES
EXERCISE-I
1 In a taste test, 250 people were asked to taste five different brands of beer and
to report which one they preferred. The results are stored in file beer.xls using
the codes 1, 2, 3, 4 and 5 to represent the preferences.
a. Draw the appropriate chart to represent the data.
b. What do the charts tell you about the sample of beer drinkers?
Business Code
Services 1
Retail/ wholesale/trade 2
Finance/insurance/real estate 3
Transportation/ communication 4
Construction 5
Manufacturing 6
Agriculture 7
The responses for 260 female-owned small businesses are stored in file
business.xls.
Draw a graph to summarize these data, and describe your findings.
3. The daily closing prices of a stock on the New York Stock Exchange for the
last 50 days were stored in the file stock.xls.
Draw the appropriate chart and describe what the chart tells you.
4. The retail prices of a gallon of gasoline for each of the past 20 days are stored
in chronological order in the file gasoline.xls.
a. Use a graphical technique to depict these data.
b. What have you learned about the price of gasoline?
5. Following data is showing how the value of exports in India has been changing
over time.
Value of Exports
Year
(in Rs. crores)
1985 11744
1986 10895
1987 12452
1988 15674
1989 20232
1990 27681
1991 32553
1992 44041
1993 53688
1994 49182
6. Following is the data on Savings and Investments (as per cent to GDP) for four
years.
Gross Domestic
22.5 25.0 25.5 23.3
Savings(GDS)
Gross Domestic
23.1 26.1 27.2 24.6
Investment(GDI)
Proposed outlay
Items
(Rs. crores)
Agriculture 32025
Rural development 33386
Special area program 4500
Irrigation & flood control 23771
Energy 122356
Industry & Minerals 46889
Transport & Commu. 80798
Science, Tech. & Envir. 6287
Services 84088
Total 4,34,100
8. Following table gives the sector-wise Distribution of GDP at Factor Cost (At
1980-81 prices and in Rs thousand crores)
Primary Secondary Tertiary
Years Total
Sector Sector Sector
1993-94 262 185 334 781
11. One important factor in inventory control is the variance of the daily demand for
the product. A management scientist has developed the optimal order quantity and
reorder point, assuming that the variance is equal to 250. Recently, the company
has experienced some inventory problems, which induced the operations manager
to doubt the assumption. To examine the problem, the manager took a sample of
25 daily demands and stored them in file inventory.xls. Can we conclude that the
variance in speeds exceeds 18 (mph) 2?
12. In a television commercial, the manufacturer of a toothpaste claims that more than
four out of five dentists recommend the ingredients in his product. To test that
claim, a consumer-protection group randomly samples 400 dentists and asks each
one whether he or she would recommend toothpaste that contained the
ingredients. The responses are 1 = No and 2 = Yes. The responses are stored in file
dentist.xls. Can the consumer group infer that the claim is true?
14. Following are the test marks for two beginning statistics class students.
Class 1
81 73 86 90 75 80 75 81 85 87 83
75 70 65 80 76 64 74 86 80 83
67 82 78 76 83 71 90 77 81 82
Class 2
84 77 66 75 78 82 82 71 79 73 91
97 89 92 75 89 75 95 84 75 82
74 77 87 69 96 65
Compute the following descriptive statistics for the above two test marks data
sets: mean, s.d. , variance, first four central moments.
Based on the results of mean and s.d., which class did better?
Test the hypothesis that average performance of class 1 students is better than
class 2 at 1% level of significance.
Data is also stored in a file class.xls .
15. The following data represents pay raises from the previous year for salaried
employees to the inflation rate:
Year 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997
Raise 3.3 4.1 3.6 3.1 2.4 2.5 2.7 2.8 3.4 3.9
Inflation 4.4 4.6 6.1 3.1 2.9 2.7 2.7 2.5 3.3 1.7