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If bYX = − 0.6 and bXY = − 0.216, then find correlation coefficient between X and Y. Comment on it.
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The Cost of Living Index Number for years 1995 and 1999 are 140 and 200 respectively. A person earns ₹ 11,200 per month in the year 1995. What should be his monthly earnings in the year 1999 in order to maintain his standard of living as in the year 1995?
Concept: undefined >> undefined
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Solve the following problem :
Calculate the cost of living number for the following data.
| Group | Base Year | Current Year | |
| Price p0 |
Quantity q0 |
Price p1 |
|
| Food | 150 | 13 | 160 |
| Clothing | 170 | 18 | 150 |
| Fuel and Lighting | 175 | 10 | 190 |
| House Rent | 200 | 12 | 210 |
| Miscellaneous | 210 | 15 | 260 |
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Solve the following problem :
The cost of living index number for year 2000 and 2003 are 150 and 210 respectively. A person earns ₹ 13,500 per month in the year 2000. What should be his monthly earning in the year 2003 in order to maintain the same standard of living?
Concept: undefined >> undefined
Find the optimal sequence that minimizes total time required to complete the following jobs in the order ABC. The processing times are given in hrs.
| Job | 1 | 2 | 3 | 4 | 5 |
| Machine A | 5 | 7 | 6 | 9 | 5 |
| Machine B | 2 | 1 | 4 | 5 | 3 |
| Machine C | 3 | 7 | 5 | 6 | 7 |
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A publisher produces 5 books on Mathematics. The books have to go through composing, printing and binding done by 3 machines P, Q, R. The time schedule for the entire task in proper unit is as follows.
| Book | A | B | C | D | E |
| Machine P | 4 | 9 | 8 | 6 | 5 |
| Machine Q | 5 | 6 | 2 | 3 | 4 |
| Machine R | 8 | 10 | 6 | 7 | 11 |
Determine the optimum time required to finish the entire task.
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In sequencing, an optimal path is one that minimizes _______.
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If jobs A to D have processing times as 5, 6, 8, 4 on first machine and 4, 7, 9, 10 on second machine then the optimal sequence is ______.
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Solve the following problem :
Consider the problem of assigning five operators to five machines. The assignment costs are given in following table.
| Operator | Machine | ||||
| 1 | 2 | 3 | 4 | 5 | |
| A | 6 | 6 | – | 3 | 7 |
| B | 8 | 5 | 3 | 4 | 5 |
| C | 10 | 4 | 6 | – | 4 |
| D | 8 | 3 | 7 | 8 | 3 |
| E | 7 | 6 | 8 | 10 | 2 |
Operator A cannot be assigned to machine 3 and operator C cannot be assigned to machine 4. Find the optimal assignment schedule.
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Solve the following problem :
A chartered accountant’s firm has accepted five new cases. The estimated number of days required by each of their five employees for each case are given below, where - means that the particular employee cannot be assigned the particular case. Determine the optimal assignment of cases of the employees so that the total number of days required to complete these five cases will be minimum. Also find the minimum number of days.
| Employee | Cases | ||||
| I | II | III | IV | V | |
| E1 | 6 | 4 | 5 | 7 | 8 |
| E2 | 7 | – | 8 | 6 | 9 |
| E3 | 8 | 6 | 7 | 9 | 10 |
| E4 | 5 | 7 | – | 4 | 6 |
| E5 | 9 | 5 | 3 | 10 | – |
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Choose the correct alternative:
If for a bivariate data, bYX = – 1.2 and bXY = – 0.3, then r = ______
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Choose the correct alternative:
If the regression equation X on Y is 3x + 2y = 26, then bxy equal to
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Choose the correct alternative:
If byx < 0 and bxy < 0, then r is ______
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Choose the correct alternative:
|byx + bxy| ≥ ______
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Choose the correct alternative:
Find the value of the covariance between X and Y, if the regression coefficient of Y on X is 3.75 and σx = 2, σy = 8
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Choose the correct alternative:
bxy and byx are ______
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Choose the correct alternative:
If r = 0.5, σx = 3, `σ_"y"^2` = 16, then byx = ______
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Choose the correct alternative:
If r = 0.5, σx = 3, σy2 = 16, then bxy = ______
Concept: undefined >> undefined
Choose the correct alternative:
Both the regression coefficients cannot exceed 1
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State whether the following statement is True or False:
If byx = 1.5 and bxy = `1/3` then r = `1/2`, the given data is consistent
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