LIKET COLLEGE
College of BUSINESS AND ECONOMICS
Department of Accounting and Finance Program and management
Basic statistics/ introduction to statistics Group assignment for Accounting and
Finance second-year extension students
Maximum weight: 10%
Date of submission 01-16-2017EC
General Instructions
Strictly follow the time given for submission
Use your own hand writing while preparing the paper
Legible and neat hand writing has a value
Strictly forbidden to copy each other
1. The following present a list of different attributes and rules for assigning
numbers to objects. Try to classify the different measurement systems into one of
the four types of scales.
A. Your checking account number as a name for your account.
B. Your checking account balance as a measure of the amount of money you
have in that account.
C. The order in which you were eliminated in a spelling bee as a measure of
your spelling ability.
D. Your score on the first statistics test as a measure of your knowledge of
statistics.
E. Your score on an individual intelligence test as a measure of your
intelligence.
F. The distance around your forehead measured with a tape measure as a
measure of your intelligence.
G. A response to the statement "Abortion is a woman's right" where "Strongly
Disagree" = 1, "Disagree" = 2, "No Opinion" = 3, "Agree" = 4, and "Strongly
Agree" = 5, as a measure of attitude toward abortion.
H. Months of the year Meskerm, Tikimit…
I. Socioeconomic status of a family when classified as low, middle and upper
classes.
J. Blood type of individuals, A, B, AB and O.
K. Regions numbers of Ethiopia (1, 2, 3 etc.)
L. The number of students in a college;
M. The net wages of a group of workers;
N. The height of the men in the same town
2. The following data represents the number of books read by a group of 10
students in a semester:
Books Read: 3, 5, 7, 8, 6, 4, 3, 9, 5, 7
a) Calculate the mean, median, and mode of the data.
b) Calculate the range and standard deviation.
c) Comment on the distribution of the data based on your results.
3. discus the following question
a) A die is rolled once. What is the probability of rolling a number greater than4?
b) A deck of cards contains 52 cards. What is the probability of drawing a King
or a Queen?
c) A survey found that 60% of students prefer online learning. If a student is
chosen at random, what is the probability that they do not prefer online learning?
4. A student flips a fair coin 100 times and records 60 heads and 40 tails.
a) What is the empirical probability of landing heads?
b) What is the empirical probability of landing tails?
5. A researcher is testing whether a new teaching method improves student
performance. The test scores of 15 students before using the new method are
compared to their test scores after using the new method. The data is as follows:
Before: 60, 65, 70, 72, 68, 64, 61, 67, 66, 62, 60, 63, 69, 71, 75
After: 75, 80, 85, 78, 82, 79, 81, 86, 83, 80, 77, 82, 84, 89, 90
a) State the null and alternative hypotheses.
b) Perform a paired t-test to determine whether the new teaching method
significantly improved scores. Use a 5% significance level.
c) Interpret the result of your hypothesis test.
6. The following data shows the annual income (in thousands) of 8 individuals
from a small community:
Income (Thousands): 28, 32, 35, 40, 36, 42, 33, 38
a) Calculate the mean, median, and standard deviation of the data.
b) Explain what these statistics tell you about the income distribution in this
community.
c) If a new individual in the community has an income of 45 thousand, how does
their income compare to the rest?
7. A study was conducted to examine the relationship between the number of
hours studied and the exam score achieved. The following data was collected:
Hours Studied: 2, 4, 6, 8, 10
Exam Score: 50, 60, 70, 80, 90
a) Calculate the Pearson correlation coefficient between hours studied and exam
score.
b) Perform a linear regression analysis to find the equation of the line of best fit.
c) Using your regression equation, predict the exam score for a student who
studied for 7 hours.
8. Write a brief essay (200-300 words) discussing the importance of statistics in
the field you are studying. How can statistical tools and analysis help in decision-
making and problem-solving in your field? Include examples of how you might
use statistics in real-life situations.
LIKET COLLEGE
College of BUSINESS AND ECONOMICS
Department of Accounting and Finance Program and management
Basic statistics/ introduction to statistics individual assignment for Accounting
and Finance second-year extension students
Maximum weight: 5%
Date of submission 12-26-2017EC
1. Explain each element in the classification of statistics?
2. The following data shows the annual income (in thousands) of 8
individuals from a small community:
Income (Thousands): 28, 32, 35, 40, 36, 42, 33, 38
a) Calculate the mean, median, and standard deviation of the data.
3. What is probability, and how is it measured? Explain the range of
probability values and their meaning.
4. In a class of 30 students, 18 are male, and 12 are female. Among the male
students, 10 are wearing glasses, and 8 females are wearing glasses. If a
student is randomly selected and is found to be male, what is the probability
that this student is wearing glasses?
5. Some characteristics of annually family income distribution (in Birr) in two
regions is as follows:
Region Mean Median Standard Deviation
A 6250 5100 960
B 6980 5500 940
a) Calculate coefficient of skewness for each region
b) For which region is, the income distribution more skewed. Give your
interpretation for this Region
c) For which region is the income more consistent?
6. For a moderately skewed frequency distribution, the mean is 10 and the
median is 8.5. If the
coefficient of variation is 20%, find the Pearsonian coefficient of skewness
and the probable mode of the distribution.
7. The sum of fifteen observations, whose mode is 8, was found to be 150 with
coefficient of variation of 20%
a. Calculate the Pearsonian coefficient of skewness and give appropriate
conclusion.
b. Are smaller values more or less frequent than bigger values for this
distribution?
c. If a constant k was added on each observation, what will be the new
Pearsonian coefficient of skewness? Show your steps. What do you conclude
from this?
