Question 1.
From the data given below state which group is more variable, A or B?

Solution:
For Group A :



Question 2.
From the prices of shares X and Y below, find out which is more stable in value:

Solution:


Question 3.
An analysis of monthly wages paid to workers in two firms A and B, belonging to the same industry, gives the following results:

(i) Which firm A or B pays a larger amount as monthly wages?
(ii) Which firm, AorB, shows greater variability in individual wages?
Solution:
(i) Firm A :
Number of wage earners (n1) = 586
Mean of monthly wages () = Rs.5253
∴ Total monthly wages = 5253 x 586
= Rs. 3078258
Firm B :
Number of wage earners (n2) = 648
Mean of monthly wages () = Rs.5253
∴ Total monthly wages = 5253 x 648
= Rs. 3403944
Hence, Firm B pays a larger amount as monthly wages.
(ii) Since both the firms have the same mean of monthly wages, so the firm with a greater variance will have more variability in individual wages. Thus firm B will have more variability in individual wages.
Question 4.
The following is the record of goals scored by team A in a football session:

For the team B, mean number of goals scored per match was 2 with a standard deviation 1.25 goals. Find which team may be considered more consistent?
Solution:
For team A:

Question 5.
The sum and sum of squares corresponding to length x (in cm) and weight y (in gm) of 50 plant products are given below:

Which is more varying, the length or weight?
Solution:

