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ISI PEA Entrance Exam: Mathematics and Statistics Problems, Study notes of Economics

Past Year Exams with Solutions

Typology: Study notes

2020/2021

Uploaded on 09/10/2021

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Indian Statistical Institute MSQE past year papers ∗†
Econschool
Contents
1 ISI PEA 2006 2
2 ISI PEA 2007 5
3 ISI PEA 2008 10
4 ISI PEA 2009 15
5 ISI PEA 2010 21
6 ISI PEA 2011 27
7 ISI PEA 2012 33
8 ISI PEA 2013 39
9 ISI PEA 2014 44
10 ISI PEA 2015 51
11 ISI PEA 2016 57
12 ISI PEA 2017 63
13 ISI PEA 2018 69
14 ISI PEA 2019 76
15 ISI PEA 2020 83
Source: ISI MSQE 2004-2015 and ISI MSQE 2015-2020
Updated June 24, 2021
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Download ISI PEA Entrance Exam: Mathematics and Statistics Problems and more Study notes Economics in PDF only on Docsity!

Indian Statistical Institute MSQE past year papers

∗† Econschool

  • 1 ISI PEA Contents
  • 2 ISI PEA
  • 3 ISI PEA
  • 4 ISI PEA
  • 5 ISI PEA
  • 6 ISI PEA
  • 7 ISI PEA
  • 8 ISI PEA
  • 9 ISI PEA
  • 10 ISI PEA
  • 11 ISI PEA
  • 12 ISI PEA
  • 13 ISI PEA
  • 14 ISI PEA
  • 15 ISI PEA
    • ∗Source: ISI MSQE 2004-2015 and ISI MSQE 2015-
    • †Updated June 24,

1 ISI PEA 2006

  1. If f (x) = log

1+x 1 −x

, 0 < x < 1 , then f

2 x 1+x^2

equals

A. 2 f(x)

B.

f (x) 2

C. (f (x))

2 ;

D. none of these.

  1. If u = ϕ(x − y, y − z, z − x), then

∂u ∂x

∂u ∂y

∂u ∂z

equals

A. 0

B. 1

C. u

D. none of these.

  1. Let A and B be disjoint sets containing m and n elements, respectively, and let C = A ∪ B.

The number of subsets S of C that contain k elements and that also have the property

that S ∩ A contains i elements is

A.

m

i

B.

n

i

C.

m

k − i

n

i

D.

m

i

n

k − i

  1. The number of disjoint intervals over which the function f (x) = | 0. 5 x

2 −| x | | is decreasing

is

A. one;

B. two;

C. three;

D. none of these.

  1. For a set of real numbers x 1 , x 2 ,...... , xn, the root mean square (RMS) defined as RMS = { 1 N

∑n

i=1 x

2 i

is a measure of central tendency. If AM denotes the arithmetic mean of

the set of numbers, then which of the following statements is correct?

A. RMS < AM always;

B. RMS > AM always;

C. RMS < AM when the numbers are not all equal;

D. RMS > AM when numbers are not all equal.

  1. Let f (x) be a function of real variable and let ∆f be the function ∆f (x) = f (x + 1) − f (x).

For k > 1 , put ∆

k f = ∆

k− 1 f

. Then ∆

k f (x) equals

A.

∑k

j=0(−1)

j

k

j

f (x + j)

B. p + q

C.

1 p

1 q

D. none of these.

  1. Consider four positive numbers x 1 , x 2 , y 1 , y 2 such that y 1 , y 2 > x 1 x 2 Consider the number

S = (x 1 y 2 + x 2 y 1 ) − 2 x 1 x 2. The number S is

A. always a negative integer;

B. can be a negative fraction;

C. always a positive number;

D. none of these.

  1. Given x ≥ y ≥ z, and x + y + z = 12, the maximum value of x + 3y + 5z is

A. 36

B. 42

C. 38

D. 32.

  1. The number of positive pairs of integral values of (x, y) that solves 2xy − 4 x

2 +12x− 5 y = 11

is

A. 4

B. 1

C. 2

D. none of these.

  1. Consider any continuous function f : [0, 1] → [0, 1]. Which one of the following statements

is incorrect?

A. f always has at least one maximum in the interval [0,1]

B. f always has at least one minimum in the interval [0,1]

C. ∃x ∈ [0, 1] such that f (x) = x

D. the function f must always have the property that f (0) ∈ { 0 , 1 } f (1) ∈

{ 0 , 1 } and f (0) + f (1) = I

2 ISI PEA 2007

  1. Let α and β be any two positive real numbers. Then limx→ 0

(1+x)a− 1 (1+x)β^ − 1

equals

A.

α β

B.

α+ β+

C.

α− 1 β− 1

D. 1

  1. Suppose the number X is odd. Then X

2 − 1 is

A. odd;

B. not prime;

C. necessarily positive;

D. none of the above.

  1. The value of k for which the function f (x) = ke

kx is a probability density function on the

interval [0,1] is

A. k = log 2;

B. k = 2 log 2;

C. k = 3 log 3;

D. k = 3 log 4

  1. p and q are positive integers such that p

2 − q

2 is a prime number. Then, p − q is

A. a prime number;

B. an even number greater than 2

C. an odd number greater than 1 but not prime;

D. none of these.

  1. Any non-decreasing function defined on the interval [a, b]

A. is differentiable on (a, b)

B. is continuous in [a, b] but not differentiable;

C. has a continuous inverse;

D. none of these.

  1. The equation

x 3 4

= 0 is satisfied by

A. x = 1;

B. x = 3

C. x = 4

D. none of these.

  1. If f (x) =

x +

x +

x +

x +.. ., then f

′ (x) is

A.

x 2 f (x)− 1

A. no solution;

B. a unique non-degenerate solution;

C. a corner solution;

D. infinitely many solutions.

  1. Let f (x; θ) = θf (x; 1) + (1 − θ)f (x; 0), where θ is a constant satisfying 0 < θ < 1 Further,

both f (x; 1) and f (x; 0) are probability density functions (p · d, f.). Then

A. f (x; θ) is a p.d.f. for all values of θ

B. f (x; θ) is a p.d.f. only for 0 < θ <

1 2

C. f (x; θ) is a p.d.f. only for

1 2

≤ θ < 1

D. f (x; θ) is not a p.d.f. for any value of θ.

  1. The correlation coefficient r for the following five pairs of observations satisfies

x 5 1 4 3 2

y 0 4 2 0 − 1

A. r > 0;

B. r < − 0 .5;

C. − 0. 5 < r < 0;

D. r = 0.

  1. An n -coordinated function f is called homothetic if it can be expressed as an increasing

transformation of a homogeneous function of degree one. Let f 1 (x) =

∑n

i=1 x

r ∑ i^ ,^ and^ f^2 (x) = n i=

aixi + b, where xi > 0 for all i, 0 < r < 1 , ai > 0 and b are constants. Then

A. f 1 is not homothetic but f 2 is;

B. f 2 is not homothetic but f 1 is;

C. both f 1 and f 2 are homothetic;

D. none of the above.

  1. If h(x) =

1 1 −x

, then h(h(h(x)) equals

A.

1 1 −x

B. x

C.

1 x

D. 1 − x

  1. The function x|x| +

|x| x

is

A. continuous but not differentiable at x = 0

B. differentiable at x = 0

C. not continuous at x = 0;

D. continuously differentiable at x = 0.

2 dx (x−2)(x−1)x

equals

A. log

x(x−2) (x−1)^2

∣ + constant;

B. log

(x−2) x(x−1)^2

∣ + constant;

C. log

x^2 (x−1)(x−2)

∣ + constant;

D. log

(x−2)^2 x(x−1)

∣ + constant.

  1. Experience shows that 20% of the people reserving tables at a certain restaurant never

show up. If the restaurant has 50 tables and takes 52 reservations, then the probability

that it will be able to accommodate everyone is

A. 1 −

209 552

B. 1 − 14 ×

4 5

C.

4 5

D.

1 5

  1. For any real number x, define [x] as the highest integer value not greater than x. For

example, [0.5] = 0, [1] = 1 and [1.5] = 1. Let I =

0

[x] + [x

2 ] dx. Then I equals

A. 1

B.

5 − 2

√ 2 2

C. 2

D. none of these.

  1. Every integer of the form (n

3 − n) (n

2 − 4) ( for n = 3, 4 ,.. .) is

A. divisible by 6 but not always divisible by 12

B. divisible by 12 but not always divisible by 24

C. divisible by 24 but not always divisible by 120

D. divisible by 120 but not always divisible by 720.

  1. Two varieties of mango, A and B, are available at prices Rs. p 1 and Rs. p 2 per kg,

respectively. One buyer buys 5 kg. of A and 10 kg. of B and another buyer spends Rs 100

on A and Rs. 150 on B. If the average expenditure per mango (irrespective of variety) is the

same for the two buyers, then which of the following statements is the most appropriate?

A. p 1 = p 2

B. p 2 =

3 4

p 1

C. p 1 = p 2 or p 2 =

3 4

p 1

D.

3 4

p 2 p 1

  1. For a given bivariate data set (xi, yi; i = 1, 2 ,... , n) , the squared correlation coefficient

(r

2 ) between x

2 and y is found to be 1. Which of the following statements is the most

appropriate?

A. In the (x, y) scatter diagram, all points lie on a straight line.

B. In the (x, y) scatter diagram, all points lie on the curve y = x

2 .

C. In the (x, y) scatter diagram, all points lie on the curve y = a + bx

2 , a > 0 , b > 0

3 ISI PEA 2008

dx x+x log x

equals

A. log |x + x log x|+ constant

B. log |1 + x log x|+ constant

C. log | log x|+ constant

D. log |1 + log x|+ constant.

  1. The inverse of the function

−1 + x is

A.

√^1 x− 1

B. x

2

  • 1,

C.

x − 1 ,

D. none of these.

  1. The domain of continuity of the function f (x) =

x +

x+ x− 1

x+ x^2 +

is

A. [0, 1)

B. (1, ∞)

C. [0, 1) ∪ (1, ∞),

D. none of these

  1. Consider the following linear programme: minimise x − 2 y subject to

x + 3y ≥ 3

3 x + y ≥ 3

x + y ≤ 3

An optimal solution of the above programme is given by

A. x =

3 4

, y =

3 4

B. x = 0, y = 3

C. x = − 1 , y = 3

D. none of the above.

  1. Consider two functions f 1 : {a 1 , a 2 , a 3 } → {b 1 , b 2 , b 3 , b 4 } and f 2 : {b 1 , b 2 , b 3 , b 4 } → {c 1 , c 2 , c 3 }.

The function f 1 is defined by f 1 (a 1 ) = b 1 , f 1 (a 2 ) = b 2 , f 1 (a 3 ) = b 3 and the function

f 2 is defined by f 2 (b 1 ) = c 1 , f 2 (b 2 ) = c 2 , f 2 (b 3 ) = f 2 (b 4 ) = c 3. Then the mapping

f 2 ◦ f 1 : {a 1 , a 2 , a 3 } → {c 1 , c 2 , c 3 } is

A. a composite and one − to − one function but not an onto function.

B. a composite and onto function but not a one − to − one function.

C. a composite, one − to − one and onto function.

D. not a function.

  1. If x = t

1 t− (^1) and y = t

t t− (^1) , t > 0 , t 6 = 1 then the relation between x and y is

A. y

x = x

1 y (^) ,

B. x

1 y (^) = y

1 x (^) ,

C. x

y = y

x ,

D. x

y = y

1 x (^).

  1. The maximum value of T = 2xB + 3xS subject to the constraint 20xB + 15xS ≤ 900 where

xB ≥ 0 and xS ≥ 0 , is

A. 150,

B. 180 ,

C. 200,

D. none of these.

  1. The value of

0

[x]

n f

′ (x)dx, where [x] stands for the integral part of x, n is a positive integer

and f

′ is the derivative of the function f, is

A. (n + 2

n ) (f (2) − f (0)),

B. (1 + 2

n ) (f (2) − f (1))

C. 2

n f (2) − (

n − 1) f (1) − f (0),

D. none of these.

  1. A surveyor found that in a society of 10,000 adult literates 21% completed college education,

42% completed university education and remaining 37% completed only school education.

Of those who went to college 61% reads newspapers regularly, 35% of those who went to

the university and 70% of those who completed only school education are regular readers of

newspapers. Then the percentage of those who read newspapers regularly completed only

school education is

A. 40%,

B. 52%,

C. 35%,

D. none of these.

  1. The function f (x) = x|x|e

−x defined on the real line is

A. continuous but not differentiable at zero,

B. differentiable only at zero,

C. differentiable everywhere,

D. differentiable only at finitely many points.

  1. Let X be the set of positive integers denoting the number of tries it takes the Indian cricket

team to win the World Cup. The team has equal odds for winning or losing any match.

What is the probability that they will win in odd number of matches?

A. 1/ 4 ,

B. 1/ 2 ,

C. 2 / 3

D. 3/ 4

  1. Three persons X, Y, Z were asked to find the mean of 5000 numbers, of which 500 are

unities. Each one did his own simplification.

X

′ s method: Divide the set of number into 5 equal parts, calculate the mean for each part

and then take the mean of these.

Y

′ s method: Divide the set into 2000 and 3000 numbers and follow the procedure of A.

Z

′ s method: Calculate the mean of 4500 numbers (which are 6 = 1 ) and then add 1. Then

D.

3 5

  1. The correlation coefficients between two variables X and Y obtained from the two equations

2 x + 3y − 1 = 0 and 5x − 2 y + 3 = 0 are

A. equal but have opposite signs,

B. −

2 3

and

2 5

C.

1 2

and −

3 5

D. Cannot say.

  1. If a, b, c, d are positive real numbers then

a b

b c

c d

d a

is always

A. less than

B. less than 2 but greater than or equal to

C. less than 4 but greater than or equal 2

D. greater than or equal to 4.

  1. The range of value of x for which the inequality log(2−x)(x − 3) ≥ −1 holds is

A. 2 < x < 3 ,

B. x > 3 ,

C. x < 2 ,

D. no such x exists.

  1. The equation 5x

3 − 5 x

2

  • 2x − 1 has

A. all roots between 1 and 2 ,

B. all negative roots,

C. a root between 0 and 1 ,

D. all roots greater than 2.

  1. The probability density of a random variable is

f (x) = ax

2 e

−kx (k > 0 , 0 ≤ x ≤ ∞)

Then, a equals

A.

k^3 2

B.

k 2

C.

k^2 2

D. k

  1. Let x = r be the mode of the distribution with probability mass function p(x) =

n

x

p

x (1−

p)

n−x

. Then which of the following inequalities hold.

A. (n + 1)p − 1 < r < (n + 1)p,

B. r < (n + 1)p − 1

C. r > (n + 1)p

D. r < np.

  1. Let y = (y 1 ,... , yn) be a set of n observations with y 1 ≤ y 2 ≤... ≤ yn. Let y

(y 1 , y 2 ,... , yj + δ,... , yk − δ,... , yn) where yk − δ > yk− 1 >... > yj+1 > yj + δ δ > 0.

Let σ : standard deviation of y and σ

′ : standard deviation of y

. Then

A. σ < σ

′ ,

B. σ

′ < σ,

C. σ

′ = σ,

D. nothing can be said.

  1. Let x be a r.v. with pdf f (x) and let F (x) be the distribution function. Let r(x) =

xf (x) 1 −F (x)

Then for x < e

μ and f (x) =

e−^

(log x−μ)^2 2

x

√ 2 π

, the function r(x) is

A. increasing in x,

B. decreasing in x

C. constant,

D. none of the above.

  1. A square matrix of order n is said to be a bistochastic matrix if all of its entries are non-

negative and each of its rows and columns sum to 1. Let yn× 1 = Pn×nxn× 1 where elements

of y are some rearrangements of the elements of x. Then

A. P is bistochastic with diagonal elements 1 ,

B. P cannot be bistochastic,

C. P is bistochastic with elements 0 and 1 ,

D. P is a unit matrix.

  1. Let f 1 (x) =

x x+

. Define fn(x) = f 1 (fn− 1 (x)) , where n ≥ 2. Then fn(x) is

A. decreasing in n,

B. increasing in n,

C. initially decreasing in n and then increasing in n,

D. initially increasing in n and then decreasing n.

  1. limn→∞

1 −x−^2 n 1+x−^2 n^

, x > 0 equals

A. 1

B. -

C. 0

D. The limit does not exist.

  1. Consider the function f (x 1 , x 2 ) = max { 6 − x 1 , 7 − x 2 }. The solution (x

∗ 1 , x

∗ 2 ) to the opti-

mization problem minimize f (x 1 , x 2 ) subject to x 1 + x 2 = 21 is

A. (x

∗ 1 = 10.^5 , x

∗ 2 = 10.5),

B. (x

∗ 1 = 11, x

∗ 2 = 10)

C. (x

∗ 1 = 10, x

∗ 2 = 11),

D. None of these.

A.

1 9

B.

1 2

C.

2 9

D.

1 3

  1. A box contains 100 balls. Some of them are white and the remaining are red. Let X and

Y denote the number of white and red balls respectively. The correlation between X and

Y is

A. 0.

B. 1.

C. -1.

D. some real number between −

1 2

and

1 2

  1. Let f, g and h be real valued functions defined as follows: f (x) = x(1 − x); g(x) =

x 2

and

h(x) = min{f (x), g(x)} with 0 ≤ x ≤ 1. Then h is

A. continuous and differentiable

B. differentiable but not continuous

C. continuous but not differentiable

D. neither continuous nor differentiable

  1. In how many ways can three persons, each throwing a single die once, make a score of 8?

A. 5

B. 15

C. 21

D. 30

  1. If f (x) is a real valued function such that

2 f (x) + 3f (−x) = 55 − 7 x

for every x ∈ R, then f (3) equals

A. 40

B. 32

C. 26

D. 10

  1. Two persons, A and B, make an appointment to meet at the train station between 4 P.M.

and 5 P.M.. They agree that each is to wait not more than 15 minutes for the other.

Assuming that each is independently equally likely to arrive at any point during the hour,

find the probability that they meet.

A.

15 16

B.

7 16

C.

5 24

D.

22 175

  1. If x 1 , x 2 , x 3 are positive real numbers, then

x 1

x 2

x 2

x 3

x 3

x 1

is always

A. ≤ 3

B. ≤ 3

1 3

C. ≥ 3

D. 3

  1. limn→∞

12 +2^2 +...+n^2 n^3

equals

A. 0

B.

1 3

C.

1 6

D. 1.

  1. Suppose b is an odd integer and the following two polynomial equations have a common

root. x

2 − 7 x + 12 = 0 and x

2 − 8 x + b = 0 The root of x

2 − 8 x + b = 0 that is not a root

of x

2 − 7 x + 12 = 0 is

A. 2

B. 3

C. 4

D. 5

  1. Suppose n ≥ 9 is an integer. Let μ = n

1 (^2) +n

1 (^3) +n

1 (^4). Then, which of the following relationships

between n and μ is correct?

A. n = μ

B. n > μ

C. n < μ

D. None of the above.

  1. Which of the following functions f : R → R satisfies the relation f (x + y) = f (x) + f (y)?

A. f (z) = z

2

B. f (z) = az for some real number a

C. f (z) = log z

D. f (z) = e

z

  1. For what value of a does the following equation have a unique solution?

∣ ∣ ∣ ∣ ∣ ∣ x a 2

2 x 0

2 1 1

A. 0

B. 1

  1. Determine all values of the constants A and B such that the following function is continuous

for all values of x.

f (x) =

Ax − B if x ≤ − 1

2 x

2

  • 3Ax + B if − 1 < x ≤ 1

4 if x > 1

A. A = B = 0

B. A =

3 4

, B = −

1 4

C. A =

1 4

, B =

3 4

D. A =

1 2

, B =

1 2

  1. The value of limx→∞ (

x

  • 3

2 x )

1 x (^) is

A. 0

B. 1

C. e

D. 9

  1. A computer while calculating correlation coefficient between two random variables X and

Y from 25 pairs of observations obtained the following results:

X = 125,

X

2

650 ,

Y = 100,

Y

2 = 460,

XY = 508. It was later discovered that at the time of

inputing, the pair (X = 8, Y = 12) had been wrongly input as (X = 6, Y = 14) and the

pair (X = 6, Y = 8) had been wrongly input as (X = 8, Y = 6). Calculate the value of the

correlation coefficient with the correct data.

A.

4 5

B.

2 3

C. 1

D.

5 6

  1. The point on the curve y = x

2 − 1 which is nearest to the point (2,-0.5) is

A. (1, 0)

B. (2, 3)

C. (0, −1)

D. None of the above

  1. If a probability density function of a random variable X is given by f (x) = kx(2 − x), 0 ≤

x ≤ 2 , then mean of X is

A.

1 2

B. 1

C.

1 5

D.

3 4

  1. Suppose X is the set of all integers greater than or equal to 8. Let f : X → R. and

f (x + y) = f (xy) for all x, y ≥ 4. If f (8) = 9, then f (9) =

A. 8

B. 9

C. 64

D. 81

  1. Let f : R → R be defined by f (x) = (x − 1)(x − 2)(x − 3). Which of the following is true

about f?

A. It decreases on the interval

[

1 (^2) , 2 + 3−^

1 2

]

B. It increases on the interval

[

− (^12) , 2 + 3

− (^12)

]

C. It decreases on the interval

1 2

]

D. It decreases on the interval [2,3]

  1. A box with no top is to be made from a rectangular sheet of cardboard measuring 8 metres

by 5 metres by cutting squares of side x metres out of each corner and folding up the sides.

The largest possible volume in cubic metres of such a box is

A. 15

B. 12

C. 20

D. 18