S. V.
National Institute of Technology, Surat
Department of Management Studies
MS 101: Business Statistics.
Tutorial 1
Q1) Compute Measures of Central Tendency from the following data: Offer Prices for the 20 Largest U.S.
Initial Public Offerings in a Recent Year are $14.25 $19.00 $11.00 $28.00 24.00 23.00 43.25 19.00 27.00
25.00 15.00 7.00 34.22 15.50 15.00 22.00 19.00 19.00 27.00 21.00
Q2) The following shows the top 16 global marketing categories for advertising spending for a recent year
according to Advertising Age. Spending is given in crores of Rupees. Determine the first, the second, and the
third quartiles for these data.
Category Ad Spending Category Ad Spending
Automotive 22,195 Electronics 4,023
Personal Care 19,526 Soft Drinks 3,916
Entertainment and 9,538 Retails 3,576
Media
Food 7,7793 Cleaners 3,571
Drugs 7,707 Restaurants 3,553
Computers 3,247 Telephone 2,488
Financial 2,433 Alcohol 2,050
Candy 1,137 Toys 699
Q3) A data set contains the following values
44, 18, 39, 40, 59, 46, 59, 37, 15, 73, 23, 19, 90, 58, 35, 82, 14, 38, 27, 24, 71, 25, 39, 84, 70. Determine the
following:
a) Find the range.
b) Find the population variance.
c) Find the population standard deviation.
d) Find the interquartile range.
Q4) Find Standard Deviation, variance and Coefficient of variance from cumulative frequency distribution of
salaries of workers.
Salary 10 20 30 40 50 60 70 80
up to
No. of 18 35 65 105 145 188 215 250
workers
Q5) Calculate the Geometric mean of the data given below giving the number of families and the income per
head of the different classes of people in the village.
Class of people No. of Families Income per head in 1992-
93(Rs)
Landlords 1 1000
Cultivators 50 80
Landless Labourers 25 40
Money Lenders 2 750
School teachers 3 100
Shopkeepers 4 150
Carpenters 3 120
Weavers 5 60
Q5) From the following data compute the value of Harmonic Mean:
Marks No. of Students
10 20
20 30
25 50
40 15
50 05
Q6) Construct a histogram and a frequency polygon for the following assembly time data and comment on
the key characteristics of the distribution.
Class Interval Frequency
32–under 34 7
36–under 38 21
40–under 42 24
44–under 46 8
30–under 32 5
34–under 36 15
38–under 40 34
42–under 44 17
Q7) The following data represent the number of passengers per flight in a sample of 50 flights from Wichita,
Kansas, Missouri.
23, 46, 66, 67, 13, 58, 19, 17, 65, 17, 25, 20, 47, 28, 16, 38, 44, 29, 48, 29, 69, 34, 35, 60, 37, 52, 80, 59, 51,
33, 48, 46, 23, 38, 52, 50, 17, 57, 41, 77, 45, 47, 49, 19, 32, 64, 27, 61, 70, 19.
a. Construct a dot plot for these data.
b. Construct a stem-and-leaf plot for these data. What does the stem-and-leaf plot tell you about the number
of passengers per flight?
Q8) A call center is trying to better understand staffing requirements. It records the number of calls received
during the evening shift for 78 evenings and obtains the information given below. Construct a histogram of
the data and comment on the key characteristics of the distribution. Construct a frequency polygon and
compare it to the histogram. Which do you prefer, and why?
Class 10–under 20–under 30–under 40–under 50–under 60–under 70–under
Interval 20 30 40 50 60 70 80
Frequency 9 7 10 6 13 18 15
