B.Com In Banking & Insurance (BCBI) Sem I 2017 2018 March 2018 QUANTITY METHOD Question Paper - Mumbai University | munotes

Questions asked in this paper

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• 2. Figures to the right indicate full marks

1. Q3 Graph to be provided wherever necessary
2. Q1 A Choose the correct answer: (Any eight) 8 marks
3. Q1 Class width of the interval 10-20 is
4. Q2 Mode
5. Q3 is a measure of dispersion
6. Q4 Variance is of standard deviation
7. Q5 If two variables vary together in the same direction, then there is correlation between
   • a) positive b) negative c) no
8. Q6 There are always of regression for a paired set of data
9. Q7 EOL stands for Expected Loss
10. Q8 If A and A are complementary events, then P(A) =
11. Q9 Index number for the base year is always
12. Q10 The extra period given to a policy holder to pay a premium after its due date is over is
    • a) maturity period b) grace period c) none of these
    • B. State True or False (Any seven) 7
13. Q1 The amount given to.a person insured at the time of completing of policy is matured value
14. Q2 Total area under the normal curve is 1
15. Q4 >1, then byy <1
16. Q5 Range is the sum of the largest and the smallest values in a data set
17. Q6 Mode of the data set 5,3,3,3,5 is 5 marks
18. Q7 Frequency of a value in any distribution is non negative C0331 F.Y.B.COM. (BANKING AND INSURANCE) (CHOICE BASE) (R 2016) SEMESTER I/ C0560 QUANTITATIVE METHODS I
    • Q.P. Code: 30057
19. Q8 Mean of Standard Normal Distribution is 1
20. Q9 Cost of living index number is also known as wholesale index number
21. Q10 The tabulated rate of annual premium is expressed per Rs. 100 marks
22. Q2 a) Calculate standard deviation, variance, and coefficient of variation for the following data : 7 marks
    • b) Find quartile deviation for the following data : 8
23. Q2 c) Find the coefficient of correlation between research expenditure and profits for a company. 7 marks
    • d) For the following data, find the two regression equations 8
24. Q3 a) Out of a lot of 100 screws 70 are good and 30 are defective. Find the probability that out of 2 screws selected at random (1) both are good first good and second defective 7 marks
    • b) Find mean and variance of x from the following probability distribution. 8
    • c) For the following data, find Arithmetic Mean, median mode and range : 7
25. Q4 a) Draw Histogram and find mode graphically from the following data : C0331 F.Y.B.COM. (BANKING AND INSURANCE) (CHOICE BASE) (R 2016) SEMESTER QUANTITATIVE METHODS I 7 marks
    • Q.P. Code: 30057
    • b) Find class width, class mark, less than cumulative, greater than cumulative, relative frequency and. 8 percentage frequency from the following data:
26. Q4 c) Find Laspeyre’s , Paasche’s and Fisher’s index number from the following data: 10 marks
    • d) 11 annual premium have been paid for year endowment policy of after which it 5 is converted into a paid-up policy. Find its paid-up value
27. Q5 Answer the following:
    • a) Explain ‘Surrender value’ and ‘Paid up value’ in insurance. 8
    • b) Write down the limitations of index number. 7 Write short notes on: (Any Three) 15
28. Q1 Properties of Normal distribution
29. Q2 Merits and demerits of standard deviation
30. Q3 Ogives of regression co-efficient
31. Q5 Properties of Arithmetic mean

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