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Gian Jyoti Institute of Management & Technology

Mohali
Question Bank
Academic Session: February –May 2022

Name of the Faculty:-Vivek Sharma


Subject :-Introduction to Statistics 
Class: Sem I 
Department:-MBA

Q1. Distinguish between classification and tabulation? What are the advantages of classification?
Q2. Define Statistics? Discuss scope of Statistics
Q3. Discuss nature and scope of Statistics
Q4. What are the measures of central tendency? Explain in brief.
(Hint: you should write about Mean, Median, Mode, Geometric mean and Harmonic
mean with examples)
Q5. What are measures of dispersion? Explain them in brief
(Hint: Write definitions of Range, Quartile deviation, Mean deviation and standard
deviation
Q6. What are relative measures of Dispersion?
(Hint: write about Coefficient of dispersion based on range, quartile deviation, mean
deviation and standard deviation – coefficient of dispersion. Refer notes on measures of
Dispersion)
Q7. Find the Mean, Median and Mode for the following data

Class 0-10 10-20 20-30 30-40 40-50 50-60 60-70


Interval
Frequency 10 15 25 25 10 10 5

Q8. Find Standard deviation for the following data:


Class 0-5 5-10 10-15 15-20 20-25 25-30
Interval
Frequency 5 7 10 8 6 4

Q9. Short Notes:


a) Mean
b) Median
c) Mode
d) Standard deviation
e) Mean deviation
f) Relationship between mean, median and mode
g) Coefficient of dispersion
h) Types of correlation
i) Rank correlation coefficient
j) Regression lines
k) Time series
l) Components of time series
m) Models of time series
n) Least squares method

Q10. What are Index numbers? Briefly describe its applications in business
Q11. What are Index numbers? How are they constructed?

Q12. What are Price index and Quantity index numbers? Give some examples for each

Q13. What is correlation? What are its types?

Q14. What do you mean by regression? State two regression lines.

Q15. What is rank correlation? When do we use it?

Q16. What are properties of regression coefficients?

Q17. What is time series? What are its components?

Q18. What are the models of time series?

Q19. Find Karl Pearson’s coefficient of correlation to the following:


X 48 39 65 80 73 60 52 120
Y 10 50 120 225 90 60 55 25

Q20. Find both regression lines to the following. Estimate the coefficient of correlation and
comment.
X 13 48 88 42 22 10 6
Y 8 52 82 84 22 10 6

Q21. From the following data calculate the rank correlation coefficient:
X 48 33 40 9 16 65 24 16 57 16
Y 13 13 24 6 15 20 9 6 19 4

Q22. Fit a Trend line Y = a + bt

Year(t) 2008 2009 2010 2011 2012 2013 2014


Profits (Y) 120 100 122 195 214 219 225
(Rs. ‘000)

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