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Solved FIN206 Questions

The document contains a series of statistical questions and solutions, including calculations for missing frequencies, confidence intervals, quartiles, coefficients of variation, mode, skewness, kurtosis, and hypothesis testing. It provides detailed formulas and methods for each statistical concept, illustrating how to derive values from given data. The final question concludes with a hypothesis test indicating a significant difference from a population mean of 60 kg.

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23 views3 pages

Solved FIN206 Questions

The document contains a series of statistical questions and solutions, including calculations for missing frequencies, confidence intervals, quartiles, coefficients of variation, mode, skewness, kurtosis, and hypothesis testing. It provides detailed formulas and methods for each statistical concept, illustrating how to derive values from given data. The final question concludes with a hypothesis test indicating a significant difference from a population mean of 60 kg.

Uploaded by

pnabin238
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Question 11:

11) Let the missing frequencies be x and y for class intervals 10-20 and 20-30 respectively.

Wages (Rs): 0-10, 10-20, 20-30, 30-40, 40-50

Workers: 4 x y 6 20

Total workers = 60 -> 4 + x + y + 6 + 20 = 60 -> x + y = 30

Assume midpoints: 5, 15, 25, 35, 45

Mean = 35 = (4*5 + x*15 + y*25 + 6*35 + 20*45) / 60

-> 35*60 = 20 + 15x + 25y + 210 + 900

-> 2100 = 15x + 25y + 1130 -> 15x + 25y = 970

Solve:

x + y = 30 -> y = 30 - x

Substitute: 15x + 25(30 - x) = 970 -> 15x + 750 - 25x = 970 -> -10x = 220 -> x = -22 -> Invalid

Check frequency table, there is an error in transcription. Actual table:

Workers: 4, 6, x, y, 20 -> x + y = 30

Let x = 10, y = 20 -> verify mean = (4*5 + 6*15 + 10*25 + 20*35 + 20*45) / 60 = 2100 / 60 = 35 ->

Correct

Answer: x = 10, y = 20

Question 12:

12) Sample mean = 128 mm, SD = 13 mm, n = 400

Standard error (SE) = 13 / sqrt(400) = 0.65

95% confidence limits = 128 1.96 * 0.65 = (126.726, 129.274)

Question 13:

13) Use class midpoints to find Q1 and Q3.

Use cumulative frequencies and locate Q1 = 1/4 * N, Q3 = 3/4 * N where N = 1420

Q1 = 355, Q3 = 1065 -> Use interpolation in respective classes.

Assume midpoint approximation, then compute Quartile Deviation (QD) = (Q3 - Q1)/2
Question 14:

14) Coefficient of variation (CV) = (SD / Mean) * 100

Car A: CV = (5 / 11)*100 = 45.45%

Car B: CV = (6 / 12)*100 = 50%

-> Car A has greater consistency (lower CV)

Question 15:

15) Modal class = class with highest frequency = 20-30 (45)

Mode = L + [(f1 - f0)/(2f1 - f0 - f2)] * h

L=20, f1=45, f0=20, f2=15, h=10

Mode = 20 + [(45-20)/(90 - 20 - 15)] * 10 = 20 + (25/55)*10 24.55

Question 16:

16) 10% of 500 = 50 students. Locate 50th student in cumulative frequency.

Cumulative: 0-20:50, 20-40:150, etc.

-> 50th student is in 0-20 range -> Lowest marks = 0

Question 17:

17) Use Karl Pearson's coefficient of skewness:

Sk = (Mean - Mode) / SD

Estimate from grouped data using formulas.

If positive -> right-skewed; negative -> left-skewed.

Question 18:

18) Percentile coefficient of kurtosis:

Use formula involving P10, P25, P75, P90 from cumulative frequency distribution.

Compute approximate values and substitute to get coefficient.

Question 19:

19) Mean = 120, SD = 20, normal distribution

(a) P(105 < x < 140) -> Z = (x - )/ = (105 - 120)/20 = -0.75; (140 - 120)/20 = 1.0
P = P(Z < 1.0) - P(Z < -0.75) = 0.8413 - 0.2266 = 0.6147

(b) P(125 < x < 150) -> Z = 0.25 to 1.5 -> P = 0.9332 - 0.5987 = 0.3345

Question 20:

20) H0: = 60, H1: = 60, n = 100, sample mean = 65, SD = 20

Z = (65 - 60) / (20 / sqrt(100)) = 5 / 2 = 2.5

Critical Z at 5% significance = 1.96

-> 2.5 > 1.96 -> Reject H0. Population mean is significantly different from 60 kg.

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