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Measure of Dispersion

12 Management Economics Numerical Problem
13 Questions

Showing 13 of 13 (Results for all questions)

1 (1)

Find the standard deviation from the following data and interpret the result.

Wage (Rs.) 45 50 55 60 65
No. of labours 3 5 8 7 4

Ans: 6.0405

2 (1)

Find the standard deviation from the following data and interpret the result.

Income (Rs.) 14 15 18 20 22 28
No. of family 4 3 4 5 2 2

Ans: 4.0899

3 (1)

Two companies A and B furnish the following details of their average wage rate and standard deviation. Find out which company shows more consistency.

Company Average Wage rate Standard Deviation
A 40 8
B 50 12
4 (1)

Find the standard deviation from the following data and interpret the result.

Wage (Rs.) 15 22 26 32 35
No. of labours 4 5 3 6 2

Ans: 6.84

5 (1)

Find the standard deviation from the following data and interpret the result.

Wage (Rs.) No. of labours
5 8
15 4
25 5
35 3
45 5

Ans: 15.1

6 (1)

Suppose two groups of students are the following data:

Group Mean Variance
A 60 169
B 45 169
  1. Find the standard deviations and coefficient of variation of each group.
  2. Which one of the groups is more consistent? Justify your answer.

Ans: (a) σA = 13, CVA = 21.67%,σB = 13, CVB 28.89%

7 (1)

Find the value of 'X' if the mean of given data is 35. Income in Rs. 10, 20, X, 40, 60.

Ans: 45

8 (1)

If median = 23 and mode = 25, find the value of arithmetic mean.

Ans: 22

9 (1)

If arithmetic mean = 22 and mode = 25, find the value of median.

Ans: 23

10 (1)

Find the standard deviation from the following data and interpret the result.

Expenditure (Rs.) 15 25 30 32 36
Bsinessmen 4 7 5 3 2

Ans: 6.46

11 (1)

Find the standard deviation from the given data. Standard deviation is considered superior to Mean deviation, why? Justify this statement with two reasons.

Marks 45 50 55 60 65
No. of students 3 5 8 7 4

Ans: 6.03

12 (1)

Solve the following question based on the average wage rates and standard deviations of two similar companies X and Y as represented in the table.

Company Average wage rate Standard deviation
X 45 13
Y4012
  1. Find the coefficient of variation for each company.
  2. which company's wage rate is more consistent and why? Give reason.

Ans: (a)CVx = 32.5, CVy = 28 (b)Company Y

13 (1)

Solve the following question based on the average wage rates and standard deviations of two similar companies X and Y as represented in the table.

Company Average wage rate Standard deviation
X 40 13
Y5014
  1. Find the coefficient of variation for each company.
  2. which company's wage rate is more consistent and why? Give reason.

Ans: (a)CVx = 28.9, CVy = 30 (b)Company X

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