MB0040 Statistics For Management
MB0040 Statistics For Management
Management
Tabulation
It is the basis for further analysis.
It is the basis for presentation.
Data is listed according to a logical
sequence of related characteristics.
9
3
Source: .
4
6
7
10100
1: Table number:
Table number is to identify the table for reference. When there are many
tables in an analysis, then table numbers are helpful in identifying the tables.
Tab 2: Title:
Title indicates the scope and the nature of contents in a concise form. Title
should not be lengthy.
Tab 3 and Tab 4: Captions
Captions are the headings and subheadings describing the data present in
the columns.
Tab 5 and Tab 6: Stubs
75
1000
Group -2
60
1500
d12 = (9)2 = 81
d2 = (60 66) = -6
d2 2 = (-6)2 = 36
Required Values for Calculating Mean and Variance for the Data
No.
(XI)
P(XI
)
1
2
3
4
5
6
Total
-2
4
-6
8
-10
12
1/6
1/6
1/6
1/6
1/6
1/6
1
XI
P(XI)
-2/6
4/6
-1
8/6
-10/6
12/6
1
2.
3.
E(X) = -6 1/6 = -1
4.
5.
6.
Question 4:
The probability that an employee will get an
occupational disease is 20%. In a firm having five employees, what
is the probability that:
i)
ii)
iii)
Solution 4 :
Given that :
P = 20/ 100 = 0.2
q = 1 0.2 = 0.8
n=5
Therefore, by binomial distribution, P(X = x) =
i)
Cx (0.8)5 x (0.2)x
The probability that none of the employees get the disease is given
by :
The probability that exactly two employees will get the disease is
given by:
P(X = 2)= 5C2 (0.8)3(0.2)2 = (10)(0.512)(0.04) = 0.2048.
Therefore, the probability that exactly two employees will get the disease is
0.2048.
iii)
The probability that more than four employees will get the disease
is given by:
P(X > 4) = P(X = 5) = (0.2)5 = 0.00032.
Therefore, the probability that more than four employees will get the disease
is 0.00032.
Question 5: Microsoft estimated that out of 10,000 potential software buyers,
35% wait to purchase the new OS Windows Vista, until an upgrade has been
released. After and advertising campaign to reassure the public was
released, Microsoft surveyed 3000 buyers and found 950 who are still
skeptical. At 5% level of significance, can the company conclude that the
population of skeptical people had decreased?
Solution 5 :
The procedure is explained in the following steps:
1. Null hypothesis Ho : p = 0.35
Alternate hypothesis H1 : p < 0.35
2. Level of significance = 0.05 = Ztab = -1.645 and R : Z < -1.645
3. Test statistics
Z = (P^ - P)
(pq) (N - n)
n
N1
4. Given p^ = 950/ 3000 = 19/60 = 0.317, p = 1 - p = 1 0.35 = 0.65,
N = 10,000 , n = 3000
= 0.0073
= -4.52
Where, O1, O2, O3.On are the observed frequencies and E1, E2, E3En are
the corresponding expected or theoretical frequencies.
Uses of Chi-Square test :
The X2 test is used broadly to:
Test goodness of fit for one way classification or for one variable only.