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Install NowExercise 15.3
1. From the data given below state which group is more variable, A or B:
Ans. Group A
Mean
= = 45 – 0.4 = 44.6
Standard deviation
=
= = = 15.09
Group B
Mean
= = 45 – 0.4 = 44.6
Standard deviation
=
=
= = 15.61
2. From the prices of shares X and Y below, find out which is more stable in value:
Ans.
Mean = 51and Mean 105
= = 5.92 and = = 2
C.V. of = = 11.61andC.V. of = = 1.9
C.V. of Y < C.V. of X
Therefore, prices of share Y are more stable.
3. An analysis of monthly wages paid to workers in two firms A and B, belonging to the same industry, gives the following results:
Firm A Firm B
No. of wage earners 586 648
Mean of monthly wages Rs. 5253Rs. 5253
Variance of the distribution of wages 100 121
(i) Which firm A or B larger amount as monthly wages?
(ii) Which firm A or B shows greater variability in individual wages?
Ans. (i) Firm A: Number of wages earners = 586
Mean of monthly wages = Rs. 5253
Total money wages = = Rs. 3078258
Firm B: Number of wages earners = 648
Mean of monthly wages = Rs. 5253
Total money wages = = Rs. 3403944
(ii) Since both the firms have same mean of monthly wages, so the firm with greater variance will have more variability in individual wages. Thus firm B will have more variability in individual wages.
4. The following is the record of goals scored by team A in a football session:
For the team B, mean number of goals scored per match was 2 with a standard deviation 1.25 goals. Find which team may be considered more consistent?
Ans. Team A
Mean = = 2
Standard deviation =
= = = 1.09
C.V. of Team A = = 54.5 and C.V. of Team B = = 62.5
Here, C.V. of Team A < C.V. of team B
Therefore, team A is more consistent.
5. The sum and sum of squares corresponding to lengths (in cm) and weight (in gm) of 5- plant products are given below:
Which is more varying, the length or weight?
Ans. Given:
= 4.24
= 18.056 – 17.978 = 0.078
= 0.28
Also = 5.22
= 29.152 – 27.248 = 1.904
= 1.38
C.V. of length = = 6.6 and C.V. of weight =
Here, C.V of weight > C.V. of length
Therefore, weights have more variability than lengths.
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