DIPLOMA Special / Supplimentary Structured Timed Assignment

July – December BBS621 Business Statistics

BOTSWANA OPEN UNIVERSITY

DIPLOMA IN BUSINESS MANAGEMENT

Business Statistics
BBS 621

SPECIAL / SUPPLIMENTARY STRUCTURED TIMED ASSIGNMENT

Time: 3 Hours

Marks: 100

Instructions to candidates:

a) This assignment covers ALL the units of the course material.

b) The structured assignment consists of consists of three sections: A, B and C.
c) Answer questions according to instructions given in each section.
d) This assignment contributes 70% towards final grading for this course.
e) This is an individual assignment. No duplication of work will be tolerated. Any
plagiarism or collusion may result in disciplinary action.
f) Your assignment will be assessed on the factual answer provided based on your reading
and analysis from various references related to this course. In addition, you should
demonstrate a sound knowledge of the topics covered and adhere to the proper referencing
technique.

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DIPLOMA Special / Supplimentary Structured Timed Assignment
July – December BBS621 Business Statistics

SECTION A – MULTIPLE CHOICE QUESTIONS [15 MARKS]

Answer ALL questions in this section. Each questions carries ONE mark.

1. The scatter in a series of values about the average is called ________________.

A. Central tendency

B. Dispersion

C. Skewness

D. Symmetry

2. ____________________ is an absolute measure of dispersion.

A. Coefficient of variation

B. Coefficient of dispersion

C. Standard deviation

D. Coefficient of skewness

3. Which measure of dispersion has a different unit other than the unit of measurement of
values ________________.

A. Range

B. Standard deviation

C. Variance

D. Mean deviation

4. In a symmetrical distribution, Q3 – Q1 = 20, median = 15. Q3 is equal to _________.

A. 5

B. 15

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DIPLOMA Special / Supplimentary Structured Timed Assignment
July – December BBS621 Business Statistics
C. 20

D. 25

5. The measurements of spread or scatter of the individual values around the central point is
called ___________________.

A. Measures of dispersion

B. Measures of central tendency

C. Measures of skewness

D. Measures of Kurtosis

6. The measures of dispersion which uses only two observations is called __________.

A. Mean

B. Median

C. Range

D. Coeffecient of variation

7. The variance is zero only if all observations are the ______________.

A. Different

B. Square

C. Square root

D. Same

8. Index number is a special type of _____________________.

A. Average

B. Dispersion

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DIPLOMA Special / Supplimentary Structured Timed Assignment
July – December BBS621 Business Statistics
C. Correlation

D. None of the above

9. What are the methods of collecting Primary Data?

A. Interview

B. Observation

C. Questionnaire

D. All of the above

10. The mode of the set of data 1, 3, 3, 6, 9 is _____________.

A. 3

B. 6

C. 9

D. 1

11. A list of 5 pulse rates is: 70, 64, 80, 74, 92. The median pulse rate is ____________.

A. 74

B. 76

C. 77

D. 80

12. In inferential statistics, we study ______________________.

A. The methods to make decisions about the population based on sample results.

B. How to make decisions about mean, median, or mode.

C. How a sample is obtained from a population.

 

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DIPLOMA Special / Supplimentary Structured Timed Assignment
July – December BBS621 Business Statistics
D. None of the above.

13. The mean of 10 numbers is 9, then the sum (total) of these numbers will be ________.

A. 9

B. 0.9

C. 70

D. 90

14. ________________ is not a measure of variability.

A. Median

B. Standard variance

C. Variance

D. Range

15. In Hypothesis Testing, how best do describe Type 1 error?

A. This is the probability of rejecting the null hypothesis when in fact it is true.

B. This is the probability of accepting the null hypothesis when in fact it is false.

C. This is the probability that one parameter is greater than the other.

D. None of the above.

SECTION B SHORT ANSWER TYPE QUESTIONS. [45 MARKS]

Answer ALL questions in this section.

1. State with four reasons why is sampling essential in statistical investigation. (8 marks)

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DIPLOMA Special / Supplimentary Structured Timed Assignment
July – December BBS621 Business Statistics

2 (a). How you describe the measures of central tendency? (2 marks)

(b). Explain the measures of central tendency. (6 marks)

(c). State the uses of these measures. (3 marks)

3. Explain the different components of ‘time series’. (8 marks)

4. In a study about viral fever, the number of people affected in a small town of central
district were recorded as:

Age in years 0 - 10 10 - 20 20 - 30 30 - 40 40 - 50 50 - 60 60 - 70
Number of people 3 5 16 18 12 7 4
affected

You are advised to find the standard deviation. (8 marks)

5. A traffic inspector has counted the number of automobiles passing a certain point in 100
successive 20-minute time periods. The observations are listed below.

23 20 16 18 30 22 26 15 5 18
14 17 11 37 21 6 10 20 22 25
19 19 19 20 12 23 24 17 18 16
27 16 28 26 15 29 19 35 20 17
12 30 21 22 20 15 18 16 23 24
15 24 28 19 24 22 17 19 8 18
17 18 23 21 25 19 20 22 21 21
 

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DIPLOMA Special / Supplimentary Structured Timed Assignment
July – December BBS621 Business Statistics
16 20 19 11 23 17 23 13 17 26
26 14 15 16 27 18 21 24 33 20
21 27 18 22 17 20 14 21 22 19

You are required to construct a frequency distribution table using 5 to 9, 10 to 14 and so on.
(10 marks)

SECTION C [40 MARKS]

Answer any TWO questions in this section.

Question 1 (20 Marks)

In a beauty contest held at Gaborone, the two Judges rank the ten (10) entries as given below:

Contestant A B C D E F G H I J
Judge ‘A’ 1 2 3 4 5 6 7 8 9 10
Judge ‘B’ 2 3 1 6 4 5 8 7 10 9

You are required to find the agreement between the two judges’ rankings by using
Spearman’s rank correlation coefficient.

Question 2 (20 marks)

The price of four (4) commodities in the year 2015 and 2020 are shown in the following
table.

Commodities Price in 2015 (BWP) Price in 2020 (BWP)

Milk 15 22
Sugar 5 11
Rice 11 16
Cement 40 72

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DIPLOMA Special / Supplimentary Structured Timed Assignment
July – December BBS621 Business Statistics
Find the price relations of the commodities and give very brief explanation taking 2015 as
base year.

Question 3 [20 Marks]

a. Two die are tossed.

i. Write down the sample space of this experiment. (10 marks)
ii. Showing the combinations of the two die, calculate the following probabilities:
1. The sum of the two die is at least 9. (5 marks)
2. The sum of the two dies is at most 7. (5 marks)

END OF EXAMINATION

FORMULAE

Ungrouped Data

− 2
⎛ ⎞
∑ ⎜ xi − x ⎟
−
x=
∑x i
s 2 = ⎝ ⎠
n n −1

Grouped Data
−
∑ f i xi c( n2 − f (<))
x= Median = Ome +
n f me
c( f m − f m−1 )
Mode = Omo +
2 f m − f m−1 − f m+1

−2
2
∑ f i xi − n x
Variance = s 2 =
n −1

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DIPLOMA Special / Supplimentary Structured Timed Assignment
July – December BBS621 Business Statistics
Regression Analysis

n∑ xy − ∑ x ∑ y ∑ y − b∑ x
b= 2 2
a=
n∑ x − (∑ x ) n

n∑ xy − ∑ x ∑ y 6*∑d 2
r= RS = 1 −
[n∑ x 2 − (∑ x) 2 ][n∑ y 2 − (∑ y ) 2 ] n(n 2 − 1)

Probability Distributions

e −a a x
P( x) =
x!

P(r )= n C r p r q n −r

Index Numbers

LPI =
∑P Q n 0
LQI =
∑P Q0 n

∑P Q 0 0 ∑P Q0 0

PPI =
∑P Q n n
PQI =
∑P Qn n

∑P Q 0 n ∑P Qn 0

FPI = LPIxPPI FQI = LQIxPQI

Hypothesis Testing
−
x−µ
Z calc =
s
n
− −
( x 1 − x 2 ) − ( µ1 − µ 2 )
Z calc =
2 2
s1 s
+ 2
n1 n2

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DIPLOMA Special / Supplimentary Structured Timed Assignment
July – December BBS621 Business Statistics

Bayes Formula

P( A  B)
P( A / B) =
P( B)

APPENDIX A: The value of e = 2.718 (the exponential value of e)

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