Quiz Space

Business Analytics · Quiz 1 · 15 Mar 2026 · January 2026 term

Question 14: Ms. Teddy, is the owner of a toy manufacturing company. …

Question 14

+1 markWritten answer

Ms. Teddy, is the owner of a toy manufacturing company. The company produces its iconic “Teddy Bear” toys in a facility that operates for 8 hours a day, and 20 days in month. Ms. Teddy has recently completed the BA course and wants to see if her manufacturing facility is producing toys where the defects follows a Poisson distribution. Accordingly, she collected 500 samples from the production and examined them for defects. This information is provided in Table-1. Ms. Teddy observed that her production facility never produced a product that had more than 4 defects.

Table-1: Data on Teddy Bears that were collected Based on the above data, answer the given subquestions.

Ms. Teddy, is the owner of a toy manufacturing company. The company produces its iconic “Teddy Bear” toys in a facility

How many degrees of freedom is/are present for the statistical test to be performed by Ms. Teddy?

Show answer

A written answer, not marked automatically.

Video solution

The video solution to this question is being recorded and will play here. Until then, the answer key is above.

See the whole paperTake it as a mock test

Question 14 of 20 in the IIT Madras BS Business Analytics (Business Analytics) Quiz 1 paper sat on 15 Mar 2026, in the January 2026 term (Business Analytics 15 Mar 26). It carries 1 mark.

More questions from this paper

  1. Q1A distribution is right-tailed if
  2. Q2How many degrees of freedom is present for the “Residuals” of the built model?
  3. Q3What is the market size?
  4. Q4What is the satiating price for the demand response curve? (Note: round your final answer to two decimal places. Exampl…
  5. Q5What is the elasticity at a price of Rs. 20? (Note: round your final answer to two decimal places. Example: If your ans…
  6. Q6If the price changes from Rs.20 to Rs.25, then what is the elasticity of the curve between these two price points? (Not…
  7. Q7Say Table 2, provides the data on the number of enrolments who complete the “Foundation”, “Diploma”, and “Degree” and t…
  8. Q8Say Table 2, provides the data on the number of enrolments who complete the “Foundation”, “Diploma”, and “Degree” and t…
  9. Q9Say Table 2, provides the data on the number of enrolments who complete the “Foundation”, “Diploma”, and “Degree” and t…
  10. Q10What is the probability that a bulb from the production lot will give a life of more than 100 hours? (Note: Input your …
  11. Q11If a randomly selected bulb from the production lot has a life of more than 100 hours, then what is the probability tha…
  12. Q12DMS is giving a replacement warranty for bulbs that last for less than 100 hours of life. The replacement will cost Rs.…
  13. Q13Ms. Teddy, is the owner of a toy manufacturing company. The company produces its iconic “Teddy Bear” toys in a facility…
  14. Q15Ms. Teddy, is the owner of a toy manufacturing company. The company produces its iconic “Teddy Bear” toys in a facility…
  15. Q16Ms. Teddy, is the owner of a toy manufacturing company. The company produces its iconic “Teddy Bear” toys in a facility…
  16. Q17The demand response curve for a product is believed to be to linear. Therefore, the relationship between demand and pri…
  17. Q18Say Table 2, provides the data on the number of enrolments who complete the “Foundation”, “Diploma”, and “Degree” and t…
  18. Q19DMS lighting produces 3 types of bulbs (Type-A, Type-B and Type-C). The probability that a Type-A bulb will give more t…
  19. Q20Ms. Teddy, is the owner of a toy manufacturing company. The company produces its iconic “Teddy Bear” toys in a facility…