MUNAWAR & HAIDER’S

HOUSE OF COMMERCE & ECONOMICS

The Ultimate Destination towards Excellence
BUSINESS STATISTICS
I.Com – II (Regular / Private)
Guess Paper (2023)

Section “A”
(MCQs- Multiple Choice Questions)
Q No 1: MCQs From Prescribe Book.

XII-Statistics By Sir.Munawar Ali

Section “B”
(Short Answer Questions)

Q No 2:

(IMPORTANT THEORITICAL QUESTION)

1) Distinguish between the following:
a) Descriptive and Inferential Statistics. b) Qualitative and Quantitative Variable.
c) Discrete and Continuous Variable. d) Primary and Secondary data.
2) What is a Frequency and Frequency distribution? How a Frequency Distribution is
prepared from an ungrouped data?
3) Write down the name of the different types of diagrammatic representation.
4) Define Mean, Median and Mode.
5) Define an Index number and describe the different types of an Index number.
6) Differentiate between Laspeyre’s and Paasche’s Formula.
7) Differentiate between Permutation and Combination with Example.
8) Define Probability and state the basic properties of probability.
9) Define the Following term:
a) Experiment b) Sample Space c) Outcomes d) Event
10) Define the following Event with example.
a) Mutually Exclusive Event b) Non-Mutually Exclusive Event
c) Independent Event d) Dependent Event

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(IMPORTANT PRACTICAL QUESTION)

11) Complete the following table:
Frequency R.F C.F
? ? ?
21 ? 27
? 0.38 65
19 0.19 84
16 ? ?
100 1.00

12) The following data represent the retail price of a sample of 40 items:

50 50 28 50 65 40 50 22 32 30
79 50 22 20 35 24 25 38 35 65
35 20 14 25 24 48 15 10 17 60
25 22 60 30 12 30 10 12 20 68

Prepare a Frequency distribution taking suitable number of equal classes.

13) Represent the following information by a simple Bar Diagram.

Year 1991 1992 1993 1994
Production 410 620 500 750

14) Draw a Pie-diagram for the following data.

Category A B C D E
Frequency 7 8 12 10 3

15) The A.M of 4 values is 30, if a fourth value 10 is included, than find the A.M of all the 4
values.
16) In a moderately skewed frequency distribution mean = 50 & median = 55, find the
value of mode.
17) The mean of the observation x are 30. If Y = 4x - 2 than Find the value of mean of y?
18) If n = 8 & ∑x = 160, the find the value of ∑Y, where Y = 2x.
19) The mean of 30 values is computed as 50.If an additional value 70 is to be included in
the data; Find the changed mean.
20) Find mean, median and mode of the observations 2, -5, 6, 0, 11.
21) The mean weight of 45 boys is 120.4lbs and 37 girls is 116.7 lbs and that of 5 teachers
122.3lbs. Calculate combined mean.

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HOUSE OF COMMERCE & ECONOMICS
The Ultimate Destination towards Excellence

22) The following data show the prices of an item for 8 years.
Year 1990 1991 1992 1993 1994 1995 1996 1997
Price(Rs.) 55 60 72 78 81 92 95 100

Calculate the Index number of all the years taking 1990 as base year.
23) Prove that the sum of squared deviation from A.M is least or minimum.
24) Find the simple price index number by using
i) The average of first three years as the base.
ii) 1990-1991 as base. iii) Chain base method.
Year 1990 1991 1992 1993 1994 1995
Price 80 87 92 100 112 123

25) In how many different ways can the letters of the word JEWELLARY be arranged?
26) Evaluate the following. a) 12C5 b) 9P3
27) From a batch containing of 5 boys and 6 girls a group of 5 students is to be selected.
How many combinations of 2 boys and 3 girls are there.

Section “C”
(Detailed Answer Questions)
Q No 3: Find mean, median and mode from the following frequency table and comments
on the shape of distribution.

C-Interval 1 ---10 11 ---20 21 ---30 31 ---40 41 ---50 51 ---60 61 ---70

Frequency 02 07 15 28 12 06 04

Q No 4:
Commodities 1975 1982
Price Quantity Price Quantity
A 64 270 102 320
B 40 124 70 210
C 83 130 95 125

Compute the following price index for 1982, taking 1975 as the base:
i) Laspeyre’s ii) Paasche’s and iii)Fisher’s Index number.
Q No 5:

a) Four fair coins are tossed together. Prepare the sample space and find the probability of
getting 2 or 3 heads.
b) Find the probability of getting a sum of nine dots if a pair of dice is rolled once.
c) Three cards are drawn at random from a deck of 52 playing cards. What is the
probability of drawing 2 kings?

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d) A box contains 7 white and 3 red balls. Three balls are drawn at random from the box;
Find the probability of getting 2 white balls and one red ball.

Q No 6: The following data represent the grades of thirty students:

23 32 36 41 10 25 41 43 15 34
17 5 1 16 8 15 46 45 39 33
12 32 18 31 24 28 33 27 4 34

a) Construct a frequency distribution through Tally Sheet by forming the groups 1 - 5,

6 -10, 11-15 and so on.
b) Construct from (a) above, the cumulative frequency distribution “more than” and
Relative frequency distribution.

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