BBA FIRST YEAR SECOND SEMESTER EXAMINATION, 2004

Business Statistics I Time -3 hours

Full marks -60
N.B. - The figure in the right margin indicate full marks. Answer any four from Part A and
any four from Part B.]
Part A - Short Questions
(5x4 = 20 marks)
1. (a) 'Statistics is the science of average' - Explain,

(b) How does statistics help a manager?

2. (a) Distinguish between primary data and secondary data.
(b) Discuss the relationship among mean, median and mode.
3. The profits (in lakh taka) of 30 companies for the year 2003-2004 are given below:
20 22 35 42 37 42 48 53 49 65
39 48 67 18 16 23 37 35 49 63
65 55 45 58 57 69 25 29 58 65
Classify the above data taking a suitable class-interval,
4. (a) 'Arithmetic mean is the best measure of central tendency' - Explain.
(b) State the properties of a good measure of variation.
5. (a) Distinguish between correlation and regression.
b) State the elements of trend analysis.
Part B - Broad Questions

(10 x 4 = 40 marks)

6. (a) What is dispersion? State the significance of measuring of dispersion.

(b) From the following frequency distribution, calculate median and mode. Of these two,
which one do you think better? Why?
Frequency Distribution Table
Class
10-19.5
20-29.5
30-39.5
40-49.5
50-59.5
60-69.5
70-79.5
80-89.5
90-99.5
100 or over

Frequency (f)
8
15
23
37
46
52
84
97
16
5
N = 383

7. (a) What is correlation? State the characteristics of correlation,

(b) A computer while calculating the correlation coefficient between the variable x and y
obtained following results:
N =30,

x =120, x

=600,

y = 90, y

= 250,

xy = 335.

It was, however, later discovered at the time of checking that it had copied down two
pairs of observations as:
X
Y
8
10
12
7
While the correct values were
X
Y
8
12
10
8
Obtain the correct value of the correction coefficient between x and y.
8. (a) Explain the concept of regression and point-out its usefulness in dealing with
business problems.
(b) Obtain the regression equations from the data given below:

X 1 2 3 4 5 6 7 8 9
Y 9 8 10 12 11 13 14 16 15
Plot the regression equations on a graph paper and determine X and Y . Also
calculate the value of correction coefficient.
9.(a) What is an index number? Describe briefly its applications in business and
(b) Construct Fisher's Ideal Index from the following data and show that it satisfies time
reversal and factor reversal tests:
2000
2001
Commodity Price Value Price Value
A
10
100
12
144
B
15
75
20
120
C
8
80
10
110
D
20
65
25
50
E
50
500
60
540
10. (a) What is time series analysis? State the role of time series analysis.
(b) Given below are the figures of production (in million tones) of a cement factory:
Year
1998
1999 2000 2001 2002
Production
77
88
94
85
91
(i)Fit a straight-line trend by the least squares method.

2003
98

2004
90

(ii)Estimate the trend value for the year 2010.

BBA FIRST YEAR SECOND SEMESTER EXAMINATION, 2005

Business Statistics I Time-3 hours
Full marks - 70
[N.B. - The figure in the right margin indicate full marks. Answer all the questions from ? A,
any four from Part B and any four from Part C.]
Part B - Short Questions

(5 * 4 = 20 marks)

2.(a) Define weighted arithmetic mean. Discuss the importance of weighted arithmetic mean
in statistics.
(b) What are the differences between histogram and frequency polygon?
3.The earning of 39 firms for the year 2004-2005 are given below (in lakh taka):

30 42 30 54 40 48 15 17 51 42 35 41
27 42 36 28 26 37 54 44 31 36 40 36
30 31 19 48 16 42 32 21 22 40 33 41
Classify the above data taking a suitable class-interval.

30
22
21

4.(a) What are the objectives of central tendency?

(b) Mention the desirable qualities of a good measure of central tendency,
5.(a) What are the differences between absolute and relative measures of dispersion?
(b) Discuss the properties of different measures of dispersion.
6.(a) Define the coefficient of correlation. Write down its properties.
(b) Distinguish between positive and negative correlation with example.
Part C - Broad Questions

(10 * 4 = 40 marks)

7.(a) Define arithmetic mean, median and mode.

(b) Given below is the frequency distribution of the marks obtained by 90 students.
Compute the arithmetic mean, median and mode:
Marks No. of Students Marks
No. of Students
20-29
02
60-69
18
30-39
12
70-79
10
40-49
15
80 -89
09
50-59
20
90-99
04
8.(a) Briefly explain the concept of skewness and kurtosis of a frequency distribution.

(b) You are given the following data pertaining to kilowatt hours of electricity consumed
by 100 persons in Dhaka:
Consumption (In k-watt hours)

0-10 10-20 20-30 30-40 40-50

No. of users
6
25
36
20
13
Calculate: (i) Arithmetic mean; (ii) Standard deviation; (iii) Coefficient of skewness.
9. (a) Discuss the importance of regression analysis in business,
(b) Calculate coefficient of correlation from the following data:
X
330
360
320
420
400
Y
1400
1450
1200
1300
1350
10. (a) Explain clearly the different components into which a time series may analyzed.
(b) Given below are the figures of production (in million tones) of a cement factor.

Year
1998 1999
2000
2001 2002 2003 2004
Production
77
88
94
85
91
98 90
(i)
Fit a straight-line trend by the least squares method,
(ii)

Estimate the trend value for the year 2010

11. (a) Mention the uses of standard deviation,

(b) The demand of a commodity in two different towns are given below:
Town A 36 42 18 35 48 62
Town B 38 28 25 42 37 40
In which town, the demand condition is more stable and why?
12. Write down notes on any two of the following:
(a) Questionnaire;
(b) Kurtosis;
(c) Ogive;
(d) Frequency table;
(e) t-test.

BBA FIRST YEAR SECOND SEMESTER EXAMINATION, 2006

Business Statistics I Time -3 hours

Full marks - 70
[N.B. - The figure in the right margin indicate full marks. Answer all the questions ? part A,
any four from Part B and any four from Part C.]
Part B - Short Questions

(5 x 4 = 20 Marks)

2. (a) Discuss the limitations of statistics.

(b) Distinguish between primary and secondary data.
3.(a) What are the difference between correlation and regression?
(b) Interpret: r = - 1; r = 0, r = 0.785; r = - .05 .
4. A frequency distribution has 15 as the mid-value of the first class and all classes are off
equal size 6. If the cumulative frequencies of the various classes are 2, 23, 43, 57,70 and
respectively. Find the original frequency distribution and hence find mean of
distribution.
5.(a)Distinguish between raw and central moments.

(b)Find the first two central moments from the following data and hence find co-efficient
variation: 10, 5, 0, - 4, - 1, 6.
6.(a)What are the different measures of dispersion? Why standard deviation is bred to be
the best measure of dispersion?
(b)Distinguish between positive and negative correlation with example.
7.Write short notes on any two of the following:
(i)Trend;
(ii)Moving Average;
(iii)Geometric Mean.
Part C - Broad Questions

(10 x 4 = 40 marks)

8. (a)State the various ways of presenting a frequency distribution graphically and - one of
them.
(b)You are given the following frequency distribution regarding annual profits in thousands
taka of 115 firms:
Profit (000 Tk)

No. of firms

25 - 30
5
30-35
16
35-40
26
40 - 45
30
45-50
20
50-55
12
55-60
6
Construct less than and more than ogive curve and hence find the number of firms having
profit between Tk. 32500 and Tk. 52500.
9.(a) Why the concept time series is crucial?
(b)Calculate the trend values by the method of least square and estimate the profit of 2002:
Year
1994 1995 1996 1997 1998 1999 2000
Profit (lakh Tk.)

60

72

75

65

80

85

95

10.(a) Define measure of dispersion and state its merits Standard deviation, Mean deviation.
(b) An analysis of monthly wages paid to workers in two firms A and B, belonging
to same industry, gives the following results:
Firm A Firm B
No. of wage earners
500
650
Average monthly wages (in Tk) 3000
3500
S.D. of wages
10
12
(i)
In which firm A or B has there greater variability in individual wages?
(ii) Find average monthly wages and variance of the wages of all the workers :
the two firms taken together.
11. Calculate the regression equation of X on Y and plot the regression equation on a
graph paper:

Husbands
26
28
30
31
35
age(X)
Wifes
20
27
28
30
25
age(Y)
12. (a) What is time series analysis? Discuss any one component of time series and write
down the uses of time series in business.
(b) Below are given the figures of production (in thousand quintals) of a sugar factory:
Year
1990
1991
1992
1993
1994
1995
1996
Production 80
91
85
110
98
120
116
Fit a straight line trend to these figures by the method of least squares. Show the

trend line on the graph.

13.(a) What is an index number? Discuss different methods of construction of inc;
number.
(b) Calculate Fisher's Ideal index number from the following data
Commodity Price per unit Total value Price per unit Total value
A
5
50
6
72
B
7
84
10
80
C
10
80
12
96
D
4
20
5
30
E
8
56
8
54

BBA FIRST YEAR SECOND SEMESTER EXAMINATION, 2007

Business Statistics I
Time-3 hours
Full marks - 70
[N.B, - The figure in the right margin indicate full marks. Answer all the questions fit part A,
any four from Part B and any four from Part C.]
Part B - Short Questions
(5 x 4 = 20 marks)
2. (a) What are the characteristics of arithmetic mean?

b) Compute the geometric mean of the following values: 8, 12, 14, 26, 5.
3. (a) Describe the characteristics of frequency distribution,
(b) Why is statistics required in Business?
4.From the following data find out the missing frequency when mean is 22
Central

10

15

20

25

30

value
Frequency

10

15

5. The mean salary paid to 200 employees in a Garment factory was found to be Tk 2500.
Latter on, it was discovered that the salaries of two employees were wrongly taken as
3000 and 3500 instead of 3500 and 3200. Compute the correct mean salary.
6.(a) From the following data, calculate the mean, median and mode:
23 25 26 27 30 31

32 33 34 34 36

(b) Calculate coefficient of skewness of the above data (Given that standard deviation
4.12). Based on the above result, what is your conclusion about the skewness?

7.What is index number? Mention the name of different index numbers used in statistics,
ihich index do you think better and why?
Part C-Broad Questions

(10 x 4 = 40 marks)

8.A sample of daily production was organized into the following distribution:
Daily Production Frequency
80-90
5
90-100
9
100-110
20
110- 120
8
120-130
6
130- 140
2
(i)Calculate the mean and median of the above distribution.
(ii)Calculate the standard deviation and variance.
(iii)Interpret the result.
9. Premier Financial Services believes that there is a relationship between the number of
client contracts and the Taka amount of sales. Company gathered following information.
X column indicates the number of client contracts last month, and the Y column shows
the value of sales last month for each client sampled:
Number of Contracts Sales (Tk. thousand)
(X)
(Y)
14
24
12
14
20
28
16
30
46
80
23
30
(a)Determine the regression equation of X on Y. Interpret the results.
(b)Plot the regression equation on a graph paper.
10. Mr. X conducted a survey regarding the commodities consumed by the families a
village in 2001 and 2002. Here are the results:
Commodities

2001

2002

Price
4

Quantity
9

Price Quantity
6
9

B
6
12
8
8
C
5
15
6
11
D
4
10
5
10
E
3
14
2
7
(i)Find the Lapsers and Pasche price index for 2002 based on 2001.
(ii)Calculate Fisher's index number.
(iii) Interpret your results.
11. (a) What is meant by time series? Indicate its importance in business and economics
(b) What is business cycle? Explain the different component of a business cycle
example.
(c) Explain different components of a time series with example and briefly describe any
one method of smoothing the time series data.
12. (a) What is the difference between correlation analysis and regression analysis?
Explain with example.
(b) A sample of 10 families revealed the following figures for family size an amount
spent on food per week. Compute the coefficient of correlation between family size and
amount spent on food. Interpret your result:
Family size Amount spend on food ($) Family size Amount spend on food($)
3
99
3
111
6
101
4
74
5
151
4
91
6
129
5
119
6
142
3
91
13. (a) Discuss the seasonal variation in time series analysis with example
(b) Given the following data:
Year Employees (in thousand)
2000
45.6
2001
42.2

2002
2003
2004
2005
(i)Determine the least square trend equation.

41.1
39.3
34.0
30.0

(ii) Estimate the number of employees in 2010.

BBA FIRST YEAR SECOND SEMESTER EXAMINATION, 2008

Business Statistics I Time -3 hours
Full marks-70
[N.B. The figure in the right margin indicate full marks. Answer any five froth Part A and
any three from Part B.]

Part A - Short Questions

1. (a) What do you mean by business statistics?

(5 * 5 = 25 marks)

(b) Discuss its limitations with examples.

2. (a) What is data?
(b) Describe all possible methods of finding primary data. with merits & demerits.
3. Calculate the geometric mean of the following price relatives:
Commodity Price relatives

Commodity

Price relatives

Wheat

237

Sugar

124

Rice

198

Salt

107

Pulses

156

Oils

196

4. For a group of 50 male workers, the mean and standard deviation of their wages are
Tk. 63 and Tk. 9 respectively. For a group of 40 female workers, these are Tk. 54 and Tk.
6 respectively. Find the mean and standard deviation of daily wages for the combined
group of 90 workers.
5. What is scatter diagram? How does it help in studying the correlation between two
variables?
6. (a) Distinguish between primary data and secondary data.

(b) How does statistics help a manager?

7. Find coefficient of skewness from the following data: 25 -5
Part B - Broad Questions

18 30

16 29

(15x3 = 45 marks)

8. (a) Distinguish between:

(i) Graph and diagram
(ii) Discrete and continuous frequency distribution.
(b) The profits (in lakh taka) of 40 companies for the year 2007-2008 are given below:
20 36 20 22 35 42 37 48
15

62 35 49 63

65

55 45

53 49 30 56 65
58 57 55

18

39 48 67

18

69 25 29 58 65

16 23

37

19 30 31

(i)

Construct a continuous frequency distribution from the above data.

(ii)

Draw ogive curve (less and more) and hence find 25th percentile and 3rd
quartile.

9. (a) Find mean, median and mode from the following data:
Class

200-

300-

400-

500-

600-

700-

800-899

Frequenc

299
39

399
50

499
86

599
65

699
86

799
46

27

y
(b) Find coefficient of variation from the following data:
Class
2.00-2.24 2.25-2.49 2.50-2.74 2.75-2.99 3.00-3.24
Frequency 51
65
80
71
55
10. (a) A psychologist wanted to compare two methods A and B of teaching. He s-. a
random sample of 22 students. He grouped them into 11 pairs so that the students in a
pair have approximately equal scores on an intelligence test. In each pair one student was
taught by method A and the other by method B and examined after the course. The
marks obtained by them are tabulated below:
Pair
1
2
3
4
5
6
7
8
9
10
11
A
24
29
19
14 30
19
27 30
20
28
11
B 37
35
16 26
23
27
19
20
16
11
21
Find the rank correlation coefficient between the two sets of scores.

(b) Find the regression equation showing information about advertising expenditure and
sales

Average Standard deviation

Advertising expenditure 35.6
10.5
Sales (in lakh taka)
81.8
8.5
and, correlation coefficient = 0.62
(c) Find the likely sales when advertisement budget is taka 70 lakh.
11. (a) What is Fisher's Ideal index? Why it is called ideal?
(b) Calculate Fisher's Ideal index and show it satisfies time reversal test and factor
reversal test.
2007
2008
Commodities Price Quantity Price Quantity
A
12
20
14
30
B
14
13
20
15
C
10
12
15
20
D
6
8
5
10
E
8
5
6
5
12. (a) What is time series? What are its components?
(b) Why time series considered to be an effective tool of forecasting?
(c) Calculate the trend values by the method of least squares from the data given below
and estimate the sales for the year 2005:
Year
1996 1997 1998 1999 2000
Sales of TV sets (in 000) 12
18
20
23
27

BBA FIRST YEAR SECOND SEMESTER EXAMINATION, 2009

Business Statistics I Time-3 hours
Full marks-70
[N.B. - The figure in the right margin indicate full marks. Answer any five from Part A and
any three from Part B.]
Part A - Short Questions
(5 x 5 = 25 marks)
1. Distinguish between the following:

(i) Primary and secondary data:

(ii) Discrete and continuous frequency distribution.
2. (a) What are the properties of good measure of dispersion?
(b) What do you understand by coefficient of variation? Explain its usefulness in
business.

3. An incomplete distribution is given

Class
Frequency

10-20
12

20-30
30

30-40

40-50
65

50-60

60-70
25

70-80
18

Total
229

?
?
You are told that the median value is 46. Fill up the missing frequencies.

4. The mean and standard deviation of 20 items are found to be 10 and 2 respectively. At
the time of checking it was found that one item 8 was incorrect. Calculate the mean and
standard deviation if (i) the wrong item is omitted, (ii) it is replaced by 12.
5. Define statistics and statistical method. Explain the uses of statistical methods in
business and management.
6. Explain clearly how the measures of skewness and kurtosis can be used in describing
a frequency distribution.
7. Briefly state the significance of correlation.
Part B - Broad Questions
(15 x 3 = 45 marks)
8. From the following table showing the wage distribution in a certain factory, determine:
(i) the mean wage; (ii) the median wage; (iii) the modal wage; (iv) the middle 50% of
the wage earners.
Weekly wages (Tk) No. of employees
1200-1400
8
1400-1600
12
1600-1800
20
1800-2000
30
2000 - 2200
40
2200 - 2400
32
2400 - 2600
18
2600 - 2800
7
2800 - 3000
6
3000 - 3200
4
9. For two firms A and B, belonging to the same industry, gives the following
results
Firm A Firm B
No. of employees
100
200
Average wage monthly Tk. 2400 Tk. 1800
S.D.
Tk60
Tk80
(i)
Which firm pays out larger amount as wages?
(ii)

Which firm shows greater variability in the distribution of wages?

(iii) Find average monthly wages and standard deviation of all the employees in both the
firms.
10.(a) Why is time series considered to be an effective tool of forecasting?
(b) The following are annual profits (in thousands of taka) in a business firm:
Year
2001 2002 2003 2004 2005 2006 2007
Profits (in '000 Tk) 60
72
75
65
80
85
95
Use the method of least squares to fit a straight line to the above data;

(i)
(ii)

Plot the above figures and draw the line;

(iii)

Also make an estimate of the profits for the year 2010.

11. (a)Find co-efficient of correlation between

Price (in taka)
Sales (units)

103 98 85 92 90 84 88 90 93 95
500 610 700 630 670 800 800 750 700 680

(b) The following data given the hardness(X) and the tensile strength (Y) of 7 samples of
metal in certain units. Find the liner regression equation of Y on X:

X 146 152 158 164 170 176 182

Y 75 78 77 89 82 85 86
12. (a) What are index number? Examine the various problems involved construction of
an index number.
(b) In the construction of a certain consumer price index, the following group numbers were
found. Calculate the consumer price index by using:
(i)

the weighted arithmetic mean;

(ii)

the weighted geometric mean;

Groups
Food
Fuel and Lighting
Clothing
House Rent
Miscellaneous

Index Weights
300
5
250
1
280
1
200
2
150
1

BBA FIRST YEAR SECOND SEMESTER EXAMINATION, 2010

Business Statistics I

Time - 3 hours
[N.B. - The figure in the right margin indicate full marks. Answer any five from Part A
and any three from Part B]
Part A - Short Questions
(5 x 5 = 25 marks)
1. Define Statistics. State its limitations in decision making of a business concern.
2. Distinguish between data collection and, data presentation. Why is data presentation
necessary?
3. What is correlation? Discuss the difference between correlation and regression.
4. What points should be considered in designing a good questionnaire?
5. What do you mean by central tendency? Construct the relationship among Arithmetic
mean, Geometric mean and Harmonic mean.
6. Explain clearly how the measures of skewness and kurtosis can be used in describing a
frequency distribution.
7.The coefficient of rank correlation between debenture prices and share prices is found
0.143 and the sum of squares of the difference is 48. Find out the value of N (Number of
pairs.).
Part B - Broad Questions

(15 x 3 = 45 marks)

8. In a class examination, the marks obtained by 30 students are given below:

32 33 55 47 21 50 27 26 24 33
62 42 38 15 45 32 44 48 68 49
40 52 30 17 44 58 48 39 42 37
(a)Make out a frequency distribution from the above data taking appropriate class
interval.
(b) Calculate: (i) mean marks; (ii) median marks; (iii) modal mark.
(c) Draw an ogive curve for the distribution.
9. An organization has two units A and B. An analysis of weekly wages paid to workers
gave the following results:_

Unit A
No. of wages earners 500
Standard deviation
Tk9
Average weekly wage Tk65
(i) Which unit pays out larger amount as wages?

Unit B
670
Tk.10
Tk72

(ii) In which unit there is greater variability in wage distribution?

(iii) Find the combined average wage and standard deviation of wages of the whole organization.

10. (a) What are the components of time series? How time series analysis helps
management to take decision?
(b) You are given below the figures of annual production (in thousand tones) of aj sugar
mill:

2004 2005
2006 2007
2008
75
90
91
95
98
(i) Use the method of least squares to fit a straight line to the above data;

Year
Production

2003
70

2009
100

(ii) Estimate likely production for 2012.

(iii) Plot the above figures and draw the line.
11. (a) Discuss the degree of correlation.
(b) Calculate coefficient of correlation by using following data and give the opinion i the
relation of the variables:

X 127 135 150 175 194 228

Y 750 800 870 820 780 735
(c) The following data give the advertisement (X) and the sales (Y) of 8 samples of a|
company. Find the linear regression equation of Y on X & X on Y:

X 55 61 60 64 48 62 66 63
Y 12 15 14 18 13 16 20 21
12. (a) Describe the uses of index number in business.
(b) An inquiry into the budgets of middle class families in a village near Rajshahi gave the
following information:
(iii) the weighted arithmetic mean;
(iv) the weighted geometric mean;
Cost
2009
2010

Food
35%
150
174

Rent
20%
50
60

Cloth
15%
100
125

Fuel
20%
60
90

Others
10%
20
25

Construct cost of living index and comment on the change in the cost of living in 2014
compared to 2009.

BBA FIRST YEAR SECOND SEMESTER EXAMINATION, 2011

Business Statistics I Time - 3 hours
Full marks - 70
[N. B. The figure in the right margin indicate full marks. Answer any five from Part A
and any three from Part B.]
Part A - Short Questions
(5 x 5 = 25 marks)
1. What is business statistics? Explain some important functions of statistics.
2. Distinguish between primary data and secondary data. Discuss the various methods of
collecting primary data.
3. Calculate the geometric mean of the following price relatives:
Commodity Price relative Commodity Price relative
Wheat
237
Sugar
124
Rice
198
Salt
107
Pulses
156
Oils
196
4. Explain clearly the role and limitations of diagrams and graphs in presenting business
data.
5. What are the essential requisites of a good measure of central tendency? Compare and
contrast the commonly employed measure in terms of these requites.
6. The geometric mean of 10 observations on a certain variable was calculated to be 16.2.
It was later discovered that one of the observations was wrongly recorded at 10.9 when in
fact it was 21.9. Apply appropriate correction and calculate the correct geometric mean.
7. Give the formula for finding Karl Person's coefficient of skewness. Distinguish
between Skewness and Kurtosis.
Part B - Broad Questions(15 x 3 = 45 marks)
8. The age of 40 employees in a government agency are given below:

34 36 48 49 31 60 34 43
45 38 32 27 60 29 47 36
50 46 30 46 32 30 33 45
49 48 41 53 36 37 37 47
30 46 50 28 35 35 38 36
(a) Construct a continuous frequency distribution with suitable size of class interval.
(b) Calculate: (i) mean age; (ii) median age; (iii) modal age.
(c) Draw a frequency polygon.
9. (a) How does analysis of time series helps in making business forecast? Describe the
seasonal variations and cyclical variations in a time series.
(b) The following are annual profits (in thousands Taka) in a business firm:
Year
2005 2006 2007 2008 2009 2010
Profits (in '000 Tk)
60
72
75
65
80
85
(i) Use the method of least squares to fit a straight line to the above data

2011
95

(ii) Plot the above figures and draw the line.

(iii) Also make an estimate of the profits for the year 2015.
10. For two factories A and B belonging to the same industry, following details available:

Factory A Factory B
No. of wages earners
100
80
Average wage monthly Tk. 4600 Tk. 4900
S.D.
Tk. 500
Tk400
(i)Which factory A or B pays larger amount as monthly wages?
(ii)Which factory shows greater variability in the distribution of wages?
(iii)What is the mean and standard deviation of all the workers in two factories?
taken together?
11. (a) The following data relate to the prices and supplies of a commodity during a
period of eight years:
Price (Tk./kg)
10 12 18 16 15 19 18 17
Supply (100 kg)
30 35 45 44 42 48 47 46
Calculate the coefficient of correlation between the two series,

(b) The following data given the hardness (X) and the tensile strength (Y) of 7 samples
of metal in certain units. Find the linear regression equation of Y and X:
X 146 152 158 164 170 176 182
Y 75 78 77 89 82 85 86
12. (a) What is Fisher's Ideal Index? Why is it called ideal? Show that it satisfies both the
time reversal test as the factor reversal test.
(b) Construct Fisher's Ideal Index from the following data and show that it satisfies time
reversal and factor reversal tests:
Commodities Price
A
10
B
15
C
8
D
20
E
50

2010
2011
Quantity Price Quantity
10
12
12
5
20
6
10
10
11
3
25
2
10
60
9