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Business Analytics · Quiz 1 · 27 Oct 2024 · September 2024 term

Question 5: | Date | Day | Box-Office collection for MK (in INR Milli…

Question 5

+2 marksNumerical answer

MSS is a firm that specializes in social media analytics. MSS has acquired data (in Table-1) on the past movie releases of two Heroes nick-named “Manda Kasayam (MK)” and “Youth Vodhavaka (YV)” in the Tamil Film industry. The data is on the Box-Office collections for the movies of MK and YV on different dates in January-1950. Then answer the given subquestions,with the presumption that the other necessary conditions required for the questions are met.

DateDayBox-Office collection for MK (in INR Million)Box-Office Collection for YV (in INR Million)
01-Jan-1950Sunday1110
02-Jan-1950Monday910
03-Jan-1950Tuesday159
04-Jan-1950Wednesday86
05-Jan-1950Thursday182
06-Jan-1950Friday1610
07-Jan-1950Saturday197
08-Jan-1950Sunday86
09-Jan-1950Monday101
10-Jan-1950Tuesday193
11-Jan-1950Wednesday195
12-Jan-1950Thursday198
13-Jan-1950Friday158
14-Jan-1950Saturday175
15-Jan-1950Sunday152

Table-1

The aim is to explore if the total box-office collection during the weekends (Friday, Saturday and Sunday) and the total box-office collection during the weekdays (Monday to Thursday) are independent across the two heroes. Then what is value for the computed test statistic? (Note: If your answer is in decimal, enter it rounded to two decimal places. For example, if your answer is “10.256”, enter it as “10.26”)

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Correct answer: 0.885 (accepted within ±0.035)

Question 5 of 16 in the IIT Madras BS Business Analytics (Business Analytics) Quiz 1 paper sat on 27 Oct 2024, in the September 2024 term (IIT M DIPLOMA AN EXAM QDD2 27 Oct 2024). It carries 2 marks.

More questions from this paper

  1. Q1Figure question
  2. Q2| Date | Day | Box-Office collection for MK (in INR Million) | Box-Office Collection for YV (in INR Million) | |---|---…
  3. Q3| Date | Day | Box-Office collection for MK (in INR Million) | Box-Office Collection for YV (in INR Million) | |---|---…
  4. Q4| Date | Day | Box-Office collection for MK (in INR Million) | Box-Office Collection for YV (in INR Million) | |---|---…
  5. Q6| Date | Day | Box-Office collection for MK (in INR Million) | Box-Office Collection for YV (in INR Million) | |---|---…
  6. Q7| Date | Day | Box-Office collection for MK (in INR Million) | Box-Office Collection for YV (in INR Million) | |---|---…
  7. Q8| Date | Day | Box-Office collection for MK (in INR Million) | Box-Office Collection for YV (in INR Million) | |---|---…
  8. Q9| Date | Day | Box-Office collection for MK (in INR Million) | Box-Office Collection for YV (in INR Million) | |---|---…
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