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Category: IC82 STATISTICS – 16

IC82 STATISTICS – 16

Que. 1 : Q1) A General Insurance Company wanted to estimate the proportion of Motor Insurance Policies renewed with them in the subsequent 7 year. A random sample of 200 policies showed that 155 policies were renewed with them. 1) Estimate proportion of policies being renewed with them

   1.  a) 0.265

   2.  b) 0.458

   3.  c) 0.775

   4.  d) 0.894

Que. 2 : Q2) The variance is to be determined depending upon

   1.  a) Situations where the variables are statistically independent of each other

   2.  b) Situations where the variables are statistically dependent on each other

   3.  c) Only a

   4.  d) Both a and b

Que. 3 : Q3) The admission for a specified course is subject to minimum ‘ Weighted Average’ Marks and different weight is prescribed for each of the five subjects at Graduation is as follows: 1.w_1:Regional Language 2.w_2:English 3.w_3:Physics 4.w_4:Mathematics 5.w_5:Statistics. Find the Weighted Average for Student D?

   1.  a) 50.2

   2.  b) 55.7

   3.  c) 62

   4.  d) 69.4

Que. 4 : Q4) The General Insurance Company had made forecasting of fire claims of Rupees 250 Crores during the year in Budget Planning. At the end of the year, the actual claims paid were to the tune of Rupees 266 crores.

   1.  a) 2%

   2.  b) 4.4%

   3.  c) 5.2%

   4.  d) 6.4%

Que. 5 : Q5) Which of the following is the first step in splitting the Square Deviation into components?

   1.  a) Total sum of squares(Deviation)

   2.  b) Treatment sum of squares(Variations)

   3.  c) Error sum of squares(variations from Treatment Mean)

   4.  d) None of these