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Problem Statement

The document contains a survey with questions about statistical concepts like data types, probability, measures of central tendency, and outliers. It provides examples and calculations to identify data types, calculate probabilities, find the mean, median, mode, variance and standard deviation of datasets, identify outliers, and calculate expected values. The responses include identifying nominal, ordinal, interval, and ratio variables, calculating probabilities of events, finding the measures of central tendency and dispersion for given datasets, and determining outliers and expected values.
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100% found this document useful (3 votes)
1K views8 pages

Problem Statement

The document contains a survey with questions about statistical concepts like data types, probability, measures of central tendency, and outliers. It provides examples and calculations to identify data types, calculate probabilities, find the mean, median, mode, variance and standard deviation of datasets, identify outliers, and calculate expected values. The responses include identifying nominal, ordinal, interval, and ratio variables, calculating probabilities of events, finding the measures of central tendency and dispersion for given datasets, and determining outliers and expected values.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Activity Data Type

Number of beatings from Wife Discrete


Results of rolling a dice Discrete
Weight of a person Continuous
Weight of Gold Continuous
Distance between two places Continuous
Length of a leaf Continuous
Dog's weight Continuous
Blue Color Discrete
Number of kids Discrete
Number of tickets in Indian railways Discrete
Number of times married Discrete
Gender (Male or Female) Discrete
Q1) Identify the Data type for the Following:

Q2) Identify the Data types, which were among the following
Nominal, Ordinal, Interval, Ratio.
Data Data Type
Gender Nominal
High School Class Ranking Ordinal
Celsius Temperature Interval
Weight Ratio
Hair Color Nominal
Socioeconomic Status Ordinal
Fahrenheit Temperature Interval
Height Ratio
Type of living accommodation Nominal
Level of Agreement Ordinal
IQ(Intelligence Scale) interval
Sales Figures Ratio
Blood Group Nominal
Time Of Day Ordinal
Time on a Clock with Hands Interval
Number of Children Ratio
Religious Preference Nominal
Barometer Pressure ratio
SAT Scores Interval
Years of Education Ratio

Q3) Three Coins are tossed, find the probability that two heads and one tail are
obtained?
Ans) total sides=2*2*2
Probability :H T T,T H H, H T H
=3/8 is the probability of getting two heads and on tail

Q4) Two Dice are rolled, find the probability that sum is
a) Equal to 1
b) Less than or equal to 4
c) Sum is divisible by 2 and 3
Ans) total=6*6=36
a) 0/36
b) 1/6
c) 7/36

Q5) A bag contains 2 red, 3 green and 2 blue balls. Two balls are drawn at random.
What is the probability that none of the balls drawn is blue?
Ans) total=7
7c2= 7*6/2*1=21
2 red +3green=5c2=5*4/2*1=10
Probability of none of them are blue=10/21
Q6) Calculate the Expected number of candies for a randomly selected child
Below are the probabilities of count of candies for children (ignoring the nature of
the child-Generalized view)
CHILD Candies count Probability
A 1 0.015
B 4 0.20
C 3 0.65
D 5 0.005
E 6 0.01
F 2 0.120
Child A – probability of having 1 candy = 0.015.
Child B – probability of having 4 candies = 0.20
Ans) expected number of candies for a randomly selected child
=1*0.015+4*0.20+3*065+5*0.005+6*0.01+2*0.120
=3.09
Q7) Calculate Mean, Median, Mode, Variance, Standard Deviation, Range &
comment about the values / draw inferences, for the given dataset
- For Points,Score,Weigh>
Find Mean, Median, Mode, Variance, Standard Deviation, and Range
and also Comment about the values/ Draw some inferences
;

Ans)points:

Mean:3.59
Median:3.69
Mode:3.07
Variance :0.258814
Standard deviation:05346787

Score:
Mean:3.211
Median:3.325
Mode:3.44
Variance :0.9325026
Standard deviation :0.9656617
Weigh:
Mean:17.848
Median:17.71
Mode:17.02
Variance :3.19316
Standard deviation:1.786943

Q8) Calculate Expected Value for the problem below


a) The weights (X) of patients at a clinic (in pounds), are
108, 110, 123, 134, 135, 145, 167, 187, 199
Assume one of the patients is chosen at random. What is the Expected
Value of the Weight of that patient?
Ans) 108+110+123+134+135+145+167+187+199=1308
1308/9=145.33
Q9) Look at the data given below. Plot the data, find the outliers and find out
μ , σ , σ2

Name of company Measure X


Allied Signal 24.23%
Bankers Trust 25.53%
General Mills 25.41%
ITT Industries 24.14%
J.P.Morgan & Co. 29.62%
Lehman Brothers 28.25%
Marriott 25.81%
MCI 24.39%
Merrill Lynch 40.26%
Microsoft 32.95%
Morgan Stanley 91.36%
Sun Microsystems 25.99%
Travelers 39.42%
US Airways 26.71%
Warner-Lambert 35.00%

Ans)
Mean:0.332713
Var-0.028715
Sd-0169454
Outlieres-91.36%
Q10) AT&T was running commercials in 1990 aimed at luring back customers who
had switched to one of the other long-distance phone service providers. One such
commercial shows a businessman trying to reach Phoenix and mistakenly getting
Fiji, where a half-naked native on a beach responds incomprehensibly in
Polynesian. When asked about this advertisement, AT&T admitted that the
portrayed incident did not actually take place but added that this was an
enactment of something that “could happen.” Suppose that one in 200 long-
distance telephone calls is misdirected. What is the probability that at least one in
five attempted telephone calls reaches the wrong number? (Assume
independence of attempts.
Ans) calls misdirected =p(X)=1/200
Calls which are not mis directed=1-1/200=199/200
Probabaility that atleast one in five attempted telephone call reaches the
wrong number=1-probabaility of no calls misdirected
1-(199/200* 199/200 * 199/200 * 199/200 * 199/200)
=0.025
Q11) Returns on a certain business venture, to the nearest $1,000, are known
to follow the following probability distribution
X P(x)
-2,000 0.1
-1,000 0.1
0 0.2
1000 0.2
2000 0.3
3000 0.1

(i) What is the most likely monetary outcome of the business venture?
(ii) Is the venture likely to be successful? Explain
(iii) What is the long-term average earning of business ventures of this
kind? Explain
(iv) What is the good measure of the risk involved in a venture of this
kind? Compute this measure

Ans)i) maximum probability is p(x)=0.3 so 2000


ii) greater than 0 probalilties are 0.6 so 60% venture will be successful
iii) summation(X.p(x))=800
iv) less than 0 probabilities=0.1+.0.1=0.2=20 percent risk is involved

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