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Answer the following question. Q.1. [Marks: 3+3] a) During the market survey to study the supply for meat an economist prepared the following demand schedule,

Answer the following question.

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Q.1. [Marks: 3+3] a) During the market survey to study the supply for meat an economist prepared the following demand schedule, where P denotes the price of meat in Rs. per kilogram and S represents the aggregated supply in thousand kilograms. P 0 10 20 30 40 50 60 S 16 27 28 39 39 48 51 Draw your conclusion by computing the Karl Pearson's Coefficient of Correlation for the given data above. b) By the given raw moments / = -3 , /; =90, ; = -900 . ; -21000. Find the first four true moments by using the relation between raw & true moments. Also find S, and comment upon the nature of Kurtosis

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