Quiz Space

Business Analytics · End Term · 24 Dec 2023 · September 2023 term · Set FDF1

Question 16: If the aim is to find if the sales in “Street-A” and “St…

Question 16

+1 markNumerical answer

An ice cream seller has collected data on the number of ice-creams sold by him in two streets “A” and “B” over the past 15 days. This data is provided in Table-1. The number of ice creams sold in street “A” is expected to follow a uniform distribution. Based on the sample, you decide to perform a statistical test with the following bins [75 to 100), [100 to 125), [125 to 150), [150 to 175].

Given this information, answer the given subquestions.

Number of Ice-Creams Sold in Street-ANumber of Ice-Creams Sold in Street-B
Day-112085
Day-213075
Day-375120
Day-416080
Day-5130160
Day-612075
Day-712078
Day-875130
Day-975143
Day-1075154
Day-1175122
Day-1216090
Day-1316085
Day-1413079
Day-1516097

Table-1

If the aim is to find if the sales in “Street-A” and “Street-B” are independent on each other across days, then what is the expected sales on “Day-4” for “Street-B”? (Note: Enter the answer rounded to two decimal places. For example, if the answer is “1.234”, then enter it as “1.23”)

Show answer

Correct answer: 113 (accepted within ±1)

Question 16 of 34 in the IIT Madras BS Business Analytics (Business Analytics) End Term paper sat on 24 Dec 2023, in the September 2023 term (IIT M FOUNDATION FN EXAM FDF1 24 Dec 2023). It carries 1 mark.

This question was also asked in

More questions from this paper

  1. Q1Figure question
  2. Q2There are 4 business units. There are two outputs and one input under consideration. You are solving the optimization p…
  3. Q3In the below diagram, the customer wants to decide between the products O1 \& O2, and x denotes the coordinates of the …
  4. Q4Data Envelopment Analysis (DEA) is a method for:
  5. Q5Figure question
  6. Q6If the attribute values in the conjoint analysis is a continuous variable and the data is collected in a pairwise order…
  7. Q7The part worth can be defined as:
  8. Q8What is productive efficiency?
  9. Q9There are 7 business units and you are using the DEA to compare them. You solve the LP for business unit 5. You find fr…
  10. Q10What is the expected number of ice-creams that will be sold in any given bin? (Note: Enter the answer rounded to two de…
  11. Q11What is the “Degrees of Freedom” for the statistical test that will be performed? (Note: Enter the answer rounded to tw…
  12. Q12What is the value of the computed test statistic? (Note: Enter the answer rounded to two decimal places. For example, i…
  13. Q13If the tabulated value of the test statistic is 8.92, then which of the following statements are correct?
  14. Q14How many degrees of freedom is present for the test used to determine if the sales in “Street-A” and “Street-B” are not…
  15. Q15If the aim is to find if the sales in “Street-A” and “Street-B” are independent on each other across days, then what is…
  16. Q17The three figures below (Picture-1, Picture-2, Picture-3) provide the partial regression output from excel for three mo…
  17. Q18The three figures below (Picture-1, Picture-2, Picture-3) provide the partial regression output from excel for three mo…
  18. Q19The three figures below (Picture-1, Picture-2, Picture-3) provide the partial regression output from excel for three mo…
  19. Q20The three figures below (Picture-1, Picture-2, Picture-3) provide the partial regression output from excel for three mo…
  20. Q21The three figures below (Picture-1, Picture-2, Picture-3) provide the partial regression output from excel for three mo…
  21. Q22The three figures below (Picture-1, Picture-2, Picture-3) provide the partial regression output from excel for three mo…
  22. Q23The three figures below (Picture-1, Picture-2, Picture-3) provide the partial regression output from excel for three mo…
  23. Q24A juice shop has been operating in IITM. The price of its most fast-moving juice “The Mango Delight” varies from month …
  24. Q25A juice shop has been operating in IITM. The price of its most fast-moving juice “The Mango Delight” varies from month …
  25. Q26A juice shop has been operating in IITM. The price of its most fast-moving juice “The Mango Delight” varies from month …
  26. Q27What is the accuracy of the model?(in %)\ Hint: Round your answer to two decimal places.
  27. Q28What is the precision of class 1?(in %)\ Hint: Round your answer to two decimal places.
  28. Q29What is the recall of class 1?(in %)\ Hint: Round your answer to two decimal places.
  29. Q30What is the precision of class 0?(in %)\ Hint: Round your answer to two decimal places.
  30. Q31What is the recall of class 0?(in %)\ Hint: Round your answer to two decimal places.
  31. Q32If a linear demand-response curve is fit for the data, what is the satiating price?
  32. Q33If a linear demand-response curve is fit for the data, what is the market size?
  33. Q34What is the elasticity of the linear demand-response curve, when the price is Rs. 140?