STARRY GOLD ACADEMY , , Page 1
|
|
- Annabella Sullivan
- 5 years ago
- Views:
Transcription
1 ICAN KNOWLEDGE LEVEL QUANTITATIVE TECHNIQUE IN BUSINESS MOCK EXAMINATION QUESTIONS FOR NOVEMBER 2016 DIET. INSTRUCTION: ATTEMPT ALL QUESTIONS IN THIS SECTION OBJECTIVE QUESTIONS Given the following sample data of stock returns of a company: 11, 6, -8, 10, 0, -5, 1, 15 and 4. Use the data to answer questions 1 to What is the median return of stock for the company? A. 5 B. 4 C. 0 D Determine the arithmetic mean return for the stocks. A. 34 B. 9 C D What is the standard deviation for the stock returns? A B C D STARRY GOLD ACADEMY , , info@starrygoldacademy.com, Page 1
2 4. Determine the mean absolute deviation for the stock returns. A B C D Which of these statements is true of Geometric mean (GM), Arithmetic mean (AM) and Harmonic mean (HM) for a given set of data? A. AM>HM>GM B. AM>GM>HM C. GM>AM>HM D. HM>AM>GM 6. Given a sequence 2,4,6,8. Find the 22 nd term and the sum of the first 30 terms. A. (40,900) B. (44,900) C. (44,930) D. (40,930) 7. The first two terms of an AP are -2 and 3. How many terms are needed for the sum to equal 360? A. 10 B. 11 C. 12 D The sum of the 3 rd and 7 th terms of an AP equal 6, their product is 8. Find the sum of the first sixteen terms of the sequence. A. 18 B. 20 C. 22 D. 24 STARRY GOLD ACADEMY , , info@starrygoldacademy.com, Page 2
3 9. Find three numbers in Geometric progression whose sum is 28 and whose product is 512. A. 4, 8 and 16 B. 6, 8 and 12 C. 4, 6 and 8 D. 4, 12 and The cost of kerosene per litre increases from N60 to N85. What is the percentage rate of increase? A. 20.7% B. 27.0% C. 25.7% D. 30.7%. 11. A sales girl gave a change of N1.15 to a customer instead of N1.25. Calculate her percentage error. A. 4% B. 6% C. 8% D. 10% 12. The sum of three consecutive numbers is 36. Find the numbers. A. 11, 12 and 13 B. 10, 12.5 and 13.5 C. 11, 12.5 and 12.5 D. 10, 12 and Simplify 2x-5/3-3x-1/4 = 3/2 A. X = -35 B. X = -45 C. X = +35 D. X = +45 STARRY GOLD ACADEMY , , info@starrygoldacademy.com, Page 3
4 14. Evaluate 1 (2 1/3 X 1 1/4 ) + 3/5 A. 15/30 B /30 C. -15/30 D. 5 13/30 Simplify 27 2/3 X 8 1/3 X 36 1/2 X 5 0 A. 36 B. 72 C. 128 D Find the values of x and y in the equation: x-2y = 4; 2x+5y=17 A. (6,1) B. (-6,1) C. (6, -1) D. (-6,-1) 16. Solve the inequality; 6x 2 2x + 8 A. X 2/5 B. X > 5/2 C. X 5/2 D. X > 2/5 17. Find the equation of the straight line with the coordinates A (9, 5) and B (12, 13). A. Y = 19 8/3. X B. Y = /3.X C. Y = 8/3.X 19 D. Y = 8/ 3 x The expression that best represents coefficient of determination is: STARRY GOLD ACADEMY , , info@starrygoldacademy.com, Page 4
5 A. 0 1 r 2 B. 0 r 2 > 1 C. 0 > r 2 > 1 D. 0 r The statistical analysis from a country s total export in respect of three products A, B and C is as follows: Product Mean Variance A 25 4 B C 40 8 The product that has the most reliable export performance is: A. Product A B. Product B C. Product C D. None of the above. 20. A type of linear correlation coefficient that apportions to the scores obtained from the variables under study is: A. Multiple regression coefficient B. rank-order correlation coefficient C. Pearson s product moment correlation coefficient D. coefficient of variation. STARRY GOLD ACADEMY , , info@starrygoldacademy.com, Page 5
6 21. Given that the coefficient of correlation is calculated to be 0.726, determine the variation that is due to or explained by unknown variables. A B C D Information The regression line equation is deduced to be y = x. Where y is the amount of money invested in thousands of Naira and x is the number of investors. Use this information to answer questions 23 and What is the amount of money invested by 120 investors? A. N2,481,600 B. N20,680 C. N140,680 D. N663, What is the implication of the slope of the regression equation? A. If the number of investors increases by one, amount invested will increase by N5,400 B. An increase of one investor leads to N15.28 increase in investment STARRY GOLD ACADEMY , , info@starrygoldacademy.com, Page 6
7 C. An increase of one investor leads to an increase of N20,680 in the amount invested D. Amount invested increases by N15,280 if the number of investors increases by one. Information The weekly sales of a particular commodity is given below; Weekly Sales (N 000) No of Weeks Use the data to answer questions 25 and Compute the mean weekly sales. A. N32,830 B. N38,300 C. N23,570 D. N71, Calculate the standard deviation of weekly sales. A B C D STARRY GOLD ACADEMY , , info@starrygoldacademy.com, Page 7
8 26. All these are characteristics of the normal distribution except: A. It has a leptokurtic shape B. The curve must be symmetrical about the vertical axis of the mean C. It slopes downwards towards the left and the right axis D. The mean = median = mode. 27. The value of a dual variable which represents each additional unit of resource is the.. A. Marginal profit B. Shadow price C. Minimum profit D. Dual price 28. If the primal has unbounded solution, the dual of the LP has no. A. Basic solution B. shadow price C. slack variable D. feasible solution 29. The total revenue and total cost functions are respectively expressed for a particular product as: R= 250q 2q 2, C = 10q What is the quantity that maximizes profit? A. 60 B. 50 C. 40 D. 80 STARRY GOLD ACADEMY , , info@starrygoldacademy.com, Page 8
9 30. A representation of data in which every observed value is paired with number of times each observed value occurred is: A. Cumulative frequency distribution B. Sampling distribution C. Frequency distribution D. Data distribution 31. If A and B are two events with Pr(A) = 0.30, Pr(B) = 0.78 and Pr(A n B) = find Pr(A u B). A B C D If the elements below the leading diagonal of a matrix are zeros, the matrix is called a.. A. Diagonal matrix B. singular matrix C. null matrix D. triangular matrix 33. IRR is an acronym standing for: A. International Rate of Returns B. International Rate Returns STARRY GOLD ACADEMY , , info@starrygoldacademy.com, Page 9
10 C. Internal Rate of Returns D. Inter Rate of Returns 34. How much will N125,000 amount to at 10% per annum compound interest over 8 years ( 3sig. fig) A. N225,000 B. N267,948 C. N270,000 D. N268, The standard deviation of a given data is 5.3, what is the variance? A B C D Which of the following is not true of simulation? A. To maintain various options of performance B. To study complex problem of real life C. To imitate a real world situation D. To obtain more accurate results 37. The simulation method that involves the use of experimentation and sampling principles is known as: A. Computer simulation method B. The special purpose programming method STARRY GOLD ACADEMY , , info@starrygoldacademy.com, Page 10
11 C. Dynmo simulation method D. Monte Carlos simulation method 38. Given the demand function P = 150 3x x 2, calculate the elasticity of demand at x = 5. A B C D Which of the following is not a differentiation? A. Rate of exchange B. derivative C. slope D. interception 40. If the Total Cost function is given by TC = 18q 5q 2 + q 3, calculate the value of the minimum Average Cost. A. 2.5 B C D. 10 Use the given primal problem of an LP below to answer Questions Max. Z = 20x x 2 s.t 3x 1 + 2x x 1 + 2x x 1 + x 2 80 STARRY GOLD ACADEMY , , info@starrygoldacademy.com, Page 11
12 x 1, x The objective function of the dual problem will be C = A. 30y y 2 B. 200y y y 3 C. 80x x x 3 D. 3y 1 + 2y y The RHS of the constraints of the dual problem will be A. (200,100) B. (3, 4) C. (20,30) D. (100,80) 43. How many constraints have the dual problem? A. 4 B. 3 C. 5 D The process where a system move from one state to another depending upon the immediate processing state with a constant probability is known as: A. Monte Carlo simulation method B. Vogel s approximation method C. Markov process D. Simplex method STARRY GOLD ACADEMY , , info@starrygoldacademy.com, Page 12
13 45. The ranking made by 2 judges X and Y on 5 contestants in a Dancing competition are as follows: Candidate A B C D E Judge X Judge Y Find the Spearman s rank correlation coefficient. A. O.85 B C D Suppose that there is a 30% chance that the government will approve a new drug and a 60% chance that Drug Co s shares will double in price as a result. What is the probability that the drug will be approved and that Drug Co s shares will double in price? A. 18% B. 30% STARRY GOLD ACADEMY , , info@starrygoldacademy.com, Page 13
14 C. 40% D. 70% 47. Given the number of trials (n) and probability of success (p) for a normal distribution are 200 and 0.6 respectively. What is the standard deviation? A B C D The annual consumption of rice (y) kg of a certain family in the period 2000 to 2007 was calculated as: Σx= 56, Σy= 40, Σx 2 = 524, Σxy= 364. What is the gradient of the trend line of the consumption of rice? A B C D STARRY GOLD ACADEMY , , info@starrygoldacademy.com, Page 14
15 49. A sum of N500, 000 was invested by two partners in a business which yielded a profit of N900, 000. If the profit was shared in the ratio 4:5, the difference between the amounts received by the partners is: A. N100,000 B. N150,000 C. N250,000 D. N400,000 THEORY QUESTIONS INSTRUCTION: ATTEMPT QUESTION 1 AND ANY OTHER FOUR OF YOUR CHOICE. Question 1 STARRY GOLD ACADEMY , , info@starrygoldacademy.com, Page 15
16 a. Gbakoko Nig Limited manufactures electronic components of television sets. The cost of production and selling price for each component are N240 and N360 respectively. The company s total overhead cost is N93, 600. i. Derive the total revenue and total cost functions. ii. Calculate the number of components to be produced if the manufacturer is to break even and how many components to be sold to realize a profit of at least N360, 000. Question 2 Consider the weights of a number of professional students given below measured in Kilograms: STARRY GOLD ACADEMY , , info@starrygoldacademy.com, Page 16
17 Using a class interval of 18-20, 21-23, 24-26,. Compute the values of the following statistics a. the arithmetic mean b. median and c. Mode. QUESTION 3 The record below shows the scores obtained by some students in a Mathematics est: Compute the following: a. Range STARRY GOLD ACADEMY , , info@starrygoldacademy.com, Page 17
18 b. Mean deviation c. Variance d. Standard deviation QUESTION 4 Consider the weights of a number of students given below measured in Kilograms: Using a class interval of 18-20, 21-23, 24-26,. Compute the following: a. Range STARRY GOLD ACADEMY , , info@starrygoldacademy.com, Page 18
19 b. Mean deviation c. Variance d. Standard deviation e. Upper quartile f. Lower quartile g. Inter-quartile range h. Semi inter-quartile range STARRY GOLD ACADEMY , , Page 19
Contents. An Overview of Statistical Applications CHAPTER 1. Contents (ix) Preface... (vii)
Contents (ix) Contents Preface... (vii) CHAPTER 1 An Overview of Statistical Applications 1.1 Introduction... 1 1. Probability Functions and Statistics... 1..1 Discrete versus Continuous Functions... 1..
More informationChapter 6 Simple Correlation and
Contents Chapter 1 Introduction to Statistics Meaning of Statistics... 1 Definition of Statistics... 2 Importance and Scope of Statistics... 2 Application of Statistics... 3 Characteristics of Statistics...
More information(AA12) QUANTITATIVE METHODS FOR BUSINESS
All Rights Reserved ASSOCIATION OF ACCOUNTING TECHNICIANS OF SRI LANKA AA1 EXAMINATION - JULY 2016 (AA12) QUANTITATIVE METHODS FOR BUSINESS Instructions to candidates (Please Read Carefully): (1) Time
More informationYEAR 12 Trial Exam Paper FURTHER MATHEMATICS. Written examination 1. Worked solutions
YEAR 12 Trial Exam Paper 2018 FURTHER MATHEMATICS Written examination 1 Worked solutions This book presents: worked solutions explanatory notes tips on how to approach the exam. This trial examination
More informationICAN MI (COSTING) WEEK 1 TOPICS: INTRODUCTION TO COSTING SUGGESTED SOLUTIONS
KINDLY REFER TO CHAPTER 1 OF THE COMPREHENSIVE LECTURES TO READ UP THE TOPIC BEFORE YOU ATTEMPT THE QUESTIONS BELOW FOR PROPER UNDERSTANDING AS THE TOPIC HAS BEEN DISCUSSED IN THE SAID VIDEO LECTURES.
More informationKARACHI UNIVERSITY BUSINESS SCHOOL UNIVERSITY OF KARACHI BS (BBA) VI
88 P a g e B S ( B B A ) S y l l a b u s KARACHI UNIVERSITY BUSINESS SCHOOL UNIVERSITY OF KARACHI BS (BBA) VI Course Title : STATISTICS Course Number : BA(BS) 532 Credit Hours : 03 Course 1. Statistical
More informationContents Part I Descriptive Statistics 1 Introduction and Framework Population, Sample, and Observations Variables Quali
Part I Descriptive Statistics 1 Introduction and Framework... 3 1.1 Population, Sample, and Observations... 3 1.2 Variables.... 4 1.2.1 Qualitative and Quantitative Variables.... 5 1.2.2 Discrete and Continuous
More informationQuantitative Methods
THE ASSOCIATION OF BUSINESS EXECUTIVES DIPLOMA PART 2 QM Quantitative Methods afternoon 26 May 2004 1 Time allowed: 3 hours. 2 Answer any FOUR questions. 3 All questions carry 25 marks. Marks for subdivisions
More informationHIGHER SECONDARY I ST YEAR STATISTICS MODEL QUESTION PAPER
HIGHER SECONDARY I ST YEAR STATISTICS MODEL QUESTION PAPER Time - 2½ Hrs Max. Marks - 70 PART - I 15 x 1 = 15 Answer all the Questions I. Choose the Best Answer 1. Statistics may be called the Science
More informationMAY 2018 PROFESSIONAL EXAMINATIONS QUANTITATIVE TOOLS IN BUSINESS (PAPER 1.4) CHIEF EXAMINER S REPORT, QUESTIONS AND MARKING SCHEME
MAY 2018 PROFESSIONAL EXAMINATIONS QUANTITATIVE TOOLS IN BUSINESS (PAPER 1.4) CHIEF EXAMINER S REPORT, QUESTIONS AND MARKING SCHEME STANDARD OF THE PAPER The Quantitative Tools in Business, Paper 1.4,
More information2016 EXAMINATIONS ACCOUNTING TECHNICIAN PROGRAMME PAPER TC 3: BUSINESS MATHEMATICS & STATISTICS
EXAMINATION NO. 16 EXAMINATIONS ACCOUNTING TECHNICIAN PROGRAMME PAPER TC : BUSINESS MATHEMATICS & STATISTICS WEDNESDAY 0 NOVEMBER 16 TIME ALLOWED : HOURS 9.00 AM - 12.00 NOON INSTRUCTIONS 1. You are allowed
More informationCBA Model Question Paper CO3. Paper 1
CBA Model Question Paper CO3 Paper 1 Question 1 A retailer buys a box of a product, which nominally contains Q units. The planned selling price of each unit is P. If both P and Q have been rounded to ±
More informationSTARRY GOLD ACADEMY , , Page 1
CIS ECONS LEVEL 1 WEEK 2 TOPIC: THEORY OF UTILITY. Definition. Types. Basic concepts of Utility. Approaches to the study of Utility. Law of Diminishing marginal utility. Consumer equilibrium STARRY GOLD
More informationSYLLABUS COMMON PROFICIENCY TEST
SYLLABUS COMMON PROFICIENCY TEST Session I Section A Fundamentals of Accounting 60 Marks Section B Mercantile Law 40 Marks Session II Section C General Economics 50 Marks Section D Quantitative Aptitude
More informationMTP_FOUNDATION_Syllabus 2012_Dec2016 SET - I. Paper 4-Fundamentals of Business Mathematics and Statistics
SET - I Paper 4-Fundamentals of Business Mathematics and Statistics Full Marks: 00 Time allowed: 3 Hours Section A (Fundamentals of Business Mathematics) I. Answer any two questions. Each question carries
More informationSubject CS1 Actuarial Statistics 1 Core Principles. Syllabus. for the 2019 exams. 1 June 2018
` Subject CS1 Actuarial Statistics 1 Core Principles Syllabus for the 2019 exams 1 June 2018 Copyright in this Core Reading is the property of the Institute and Faculty of Actuaries who are the sole distributors.
More informationCHAPTER 2 Describing Data: Numerical
CHAPTER Multiple-Choice Questions 1. A scatter plot can illustrate all of the following except: A) the median of each of the two variables B) the range of each of the two variables C) an indication of
More informationName: Common Core Algebra L R Final Exam 2015 CLONE 3 Teacher:
1) Which graph represents a linear function? 2) Which relation is a function? A) B) A) {(2, 3), (3, 9), (4, 7), (5, 7)} B) {(0, -2), (3, 10), (-2, -4), (3, 4)} C) {(2, 7), (2, -3), (1, 1), (3, -1)} D)
More informationD.K.M COLLEGE FOR WOMEN (AUTONOMOUS) VELLORE -1. RESEARCH METHODOLOGY-15CPCO3D II M.COM -QUESTION BANK
D.K.M COLLEGE FOR WOMEN (AUTONOMOUS) VELLORE -1. RESEARCH METHODOLOGY-15CPCO3D II M.COM -QUESTION BANK UNIT-I SECTION- A (6 MARKS) 1. Define research. What are the scopes of research? 2. Define research.
More informationTime allowed : 3 hours Maximum marks : 100. Total number of questions : 8 Total number of printed pages : 7 PART A
: 1 : Roll No... Time allowed : 3 hours Maximum marks : 100 Total number of questions : 8 Total number of printed pages : 7 PART A (Answer Question No.1 which is compulsory and any two of the rest from
More informationSubject: Psychopathy
Research Skills Problem Sheet 3 : Graham Hole, March 009: Page 1: Research Skills: Statistics Problem Sheet 3: (Correlation and Regression): 1. The following numbers represent data from 1 individuals.
More informationDescriptive Statistics
Petra Petrovics Descriptive Statistics 2 nd seminar DESCRIPTIVE STATISTICS Definition: Descriptive statistics is concerned only with collecting and describing data Methods: - statistical tables and graphs
More information3.1 Measures of Central Tendency
3.1 Measures of Central Tendency n Summation Notation x i or x Sum observation on the variable that appears to the right of the summation symbol. Example 1 Suppose the variable x i is used to represent
More informationAP STATISTICS FALL SEMESTSER FINAL EXAM STUDY GUIDE
AP STATISTICS Name: FALL SEMESTSER FINAL EXAM STUDY GUIDE Period: *Go over Vocabulary Notecards! *This is not a comprehensive review you still should look over your past notes, homework/practice, Quizzes,
More informationLINES AND SLOPES. Required concepts for the courses : Micro economic analysis, Managerial economy.
LINES AND SLOPES Summary 1. Elements of a line equation... 1 2. How to obtain a straight line equation... 2 3. Microeconomic applications... 3 3.1. Demand curve... 3 3.2. Elasticity problems... 7 4. Exercises...
More informationPaper F2. Management Accounting. Fundamentals Pilot Paper Knowledge module. The Association of Chartered Certified Accountants. Time allowed: 2 hours
Fundamentals Pilot Paper Knowledge module Management ccounting Time allowed: 2 hours LL FIFTY questions are compulsory and MUST be attempted. Paper F2 o NOT open this paper until instructed by the supervisor.
More information34.S-[F] SU-02 June All Syllabus Science Faculty B.Sc. I Yr. Stat. [Opt.] [Sem.I & II] - 1 -
[Sem.I & II] - 1 - [Sem.I & II] - 2 - [Sem.I & II] - 3 - Syllabus of B.Sc. First Year Statistics [Optional ] Sem. I & II effect for the academic year 2014 2015 [Sem.I & II] - 4 - SYLLABUS OF F.Y.B.Sc.
More informationDESCRIPTIVE STATISTICS
DESCRIPTIVE STATISTICS INTRODUCTION Numbers and quantification offer us a very special language which enables us to express ourselves in exact terms. This language is called Mathematics. We will now learn
More informationMeasures of Dispersion (Range, standard deviation, standard error) Introduction
Measures of Dispersion (Range, standard deviation, standard error) Introduction We have already learnt that frequency distribution table gives a rough idea of the distribution of the variables in a sample
More information32.S [F] SU 02 June All Syllabus Science Faculty B.A. I Yr. Stat. [Opt.] [Sem.I & II] 1
32.S [F] SU 02 June 2014 2015 All Syllabus Science Faculty B.A. I Yr. Stat. [Opt.] [Sem.I & II] 1 32.S [F] SU 02 June 2014 2015 All Syllabus Science Faculty B.A. I Yr. Stat. [Opt.] [Sem.I & II] 2 32.S
More informationKINDLY REFER TO CHAPTER 2 A, B & C OF THE COMPREHENSIVE VIDEO LECTURES AND READ THE TOPICS BELOW BEFORE YOU ATTEMPT THE QUESTIONS THAT FOLLOW.
KINDLY REFER TO CHAPTER 2 A, B & C OF THE COMPREHENSIVE VIDEO LECTURES AND READ THE TOPICS BELOW BEFORE YOU ATTEMPT THE QUESTIONS THAT FOLLOW. CIS ECONS LEVEL 2 WEEK 2 TOPIC: THEORY OF UTILITY. Definition.
More informationPrentice Hall Connected Mathematics 2, 7th Grade Units 2009 Correlated to: Minnesota K-12 Academic Standards in Mathematics, 9/2008 (Grade 7)
7.1.1.1 Know that every rational number can be written as the ratio of two integers or as a terminating or repeating decimal. Recognize that π is not rational, but that it can be approximated by rational
More informationBREAK-EVEN ANALYSIS/COST-VOLUME-PROFIT
KINDLY REFER TO CHAPTER 7 OF THE COMPREHENSIVE LECTURES TO READ UP THE TOPIC BEFORE YOU ATTEMPT THE QUESTIONS BELOW FOR PROPER UNDERSTANDING AS THE TOPIC HAS BEEN DISCUSSED IN THE SAID VIDEO LECTURES.
More informationCFA Level I - LOS Changes
CFA Level I - LOS Changes 2018-2019 Topic LOS Level I - 2018 (529 LOS) LOS Level I - 2019 (525 LOS) Compared Ethics 1.1.a explain ethics 1.1.a explain ethics Ethics Ethics 1.1.b 1.1.c describe the role
More informationINSTITUTE OF ACTUARIES OF INDIA EXAMINATIONS. 20 th May Subject CT3 Probability & Mathematical Statistics
INSTITUTE OF ACTUARIES OF INDIA EXAMINATIONS 20 th May 2013 Subject CT3 Probability & Mathematical Statistics Time allowed: Three Hours (10.00 13.00) Total Marks: 100 INSTRUCTIONS TO THE CANDIDATES 1.
More informationSection-2. Data Analysis
Section-2 Data Analysis Short Questions: Question 1: What is data? Answer: Data is the substrate for decision-making process. Data is measure of some ad servable characteristic of characteristic of a set
More informationDiploma Part 2. Quantitative Methods. Examiner s Suggested Answers
Diploma Part 2 Quantitative Methods Examiner s Suggested Answers Question 1 (a) The binomial distribution may be used in an experiment in which there are only two defined outcomes in any particular trial
More informationBARUCH COLLEGE MATH 2003 SPRING 2006 MANUAL FOR THE UNIFORM FINAL EXAMINATION
BARUCH COLLEGE MATH 003 SPRING 006 MANUAL FOR THE UNIFORM FINAL EXAMINATION The final examination for Math 003 will consist of two parts. Part I: Part II: This part will consist of 5 questions similar
More informationQuantitative Methods
THE ASSOCIATION OF BUSINESS EXECUTIVES DIPLOMA PART 2 QM Quantitative Methods afternoon 27 November 2002 1 Time allowed: 3 hours. 2 Answer any FOUR questions. 3 All questions carry 25 marks. Marks for
More informationLos Angeles Unified School District Division of Instruction Financial Algebra Course 2
Unit 1 Discretionary Expenses FAS 1-1 Discretionary vs. Essential Expenses - measures of central tendency (revisited) FAS 1-2 Travel Expenses - cumulative frequency (revisited), relative frequency, percentiles
More information2014 EXAMINATIONS KNOWLEDGE LEVEL PAPER 3 : MANAGEMENT INFORMATION
EXAMINATION NO. 2014 EXAMINATIONS KNOWLEDGE LEVEL PAPER 3 : MANAGEMENT INFORMATION FRIDAY 5 DECEMBER 2014 TIME ALLOWED : 3 HOURS 9.00 AM - 12.00 NOON INSTRUCTIONS: - 1. You are allowed 15 minutes reading
More informationPRMIA Exam 8002 PRM Certification - Exam II: Mathematical Foundations of Risk Measurement Version: 6.0 [ Total Questions: 132 ]
s@lm@n PRMIA Exam 8002 PRM Certification - Exam II: Mathematical Foundations of Risk Measurement Version: 6.0 [ Total Questions: 132 ] Question No : 1 A 2-step binomial tree is used to value an American
More informationMEASURES OF DISPERSION, RELATIVE STANDING AND SHAPE. Dr. Bijaya Bhusan Nanda,
MEASURES OF DISPERSION, RELATIVE STANDING AND SHAPE Dr. Bijaya Bhusan Nanda, CONTENTS What is measures of dispersion? Why measures of dispersion? How measures of dispersions are calculated? Range Quartile
More informationCFA Level I - LOS Changes
CFA Level I - LOS Changes 2017-2018 Topic LOS Level I - 2017 (534 LOS) LOS Level I - 2018 (529 LOS) Compared Ethics 1.1.a explain ethics 1.1.a explain ethics Ethics 1.1.b describe the role of a code of
More informationSummary of Information from Recapitulation Report Submittals (DR-489 series, DR-493, Central Assessment, Agricultural Schedule):
County: Martin Study Type: 2014 - In-Depth The department approved your preliminary assessment roll for 2014. Roll approval statistical summary reports and graphics for 2014 are attached for additional
More informationMTH302 Solved MCQs. Mth302 - Business Mathematics (Online quiz # 1) 1
Mth302 - Business Mathematics (Online quiz # 1) 1 The amount added to a cost to arrive at a selling price is Markup margin both markup & margin percent on cost At break even point, the company has a positive
More informationIntroduction to Operations Research
Introduction to Operations Research Unit 1: Linear Programming Terminology and formulations LP through an example Terminology Additional Example 1 Additional example 2 A shop can make two types of sweets
More informationChapter 3. Numerical Descriptive Measures. Copyright 2016 Pearson Education, Ltd. Chapter 3, Slide 1
Chapter 3 Numerical Descriptive Measures Copyright 2016 Pearson Education, Ltd. Chapter 3, Slide 1 Objectives In this chapter, you learn to: Describe the properties of central tendency, variation, and
More informationECONOMICS SOLUTION BOOK 2ND PUC. Unit 2
ECONOMICS SOLUTION BOOK N PUC Unit I. Choose the correct answer (each question carries mark). Utility is a) Objective b) Subjective c) Both a & b d) None of the above. The shape of an indifference curve
More informationMarket Risk Analysis Volume I
Market Risk Analysis Volume I Quantitative Methods in Finance Carol Alexander John Wiley & Sons, Ltd List of Figures List of Tables List of Examples Foreword Preface to Volume I xiii xvi xvii xix xxiii
More informationDiploma in Business Administration Part 2. Quantitative Methods. Examiner s Suggested Answers
Cumulative frequency Diploma in Business Administration Part Quantitative Methods Examiner s Suggested Answers Question 1 Cumulative Frequency Curve 1 9 8 7 6 5 4 3 1 5 1 15 5 3 35 4 45 Weeks 1 (b) x f
More informationModel Paper Statistics Objective. Paper Code Time Allowed: 20 minutes
Model Paper Statistics Objective Intermediate Part I (11 th Class) Examination Session 2012-2013 and onward Total marks: 17 Paper Code Time Allowed: 20 minutes Note:- You have four choices for each objective
More informationCommon Core Algebra L clone 4 review R Final Exam
1) Which graph represents an exponential function? A) B) 2) Which relation is a function? A) {(12, 13), (14, 19), (11, 17), (14, 17)} B) {(20, -2), (24, 10), (-21, -5), (22, 4)} C) {(34, 8), (32, -3),
More informationCFA Level 1 - LOS Changes
CFA Level 1 - LOS s 2015-2016 Ethics Ethics Ethics 1.1.a 1.1.b 1.1.c describe the structure of the CFA Institute Professional Conduct Program and the process for the enforcement of the Code and Standards
More informationIOP 201-Q (Industrial Psychological Research) Tutorial 5
IOP 201-Q (Industrial Psychological Research) Tutorial 5 TRUE/FALSE [1 point each] Indicate whether the sentence or statement is true or false. 1. To establish a cause-and-effect relation between two variables,
More informationMTP_Foundation_Syllabus 2012_June2016_Set 1
Paper- 4: FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 Paper- 4: FUNDAMENTALS
More informationKINDLY REFER TO CHAPTER 6 OF THE COMPREHENSIVE VIDEO LECTURES AND READ THE TOPICS BELOW BEFORE YOU ATTEMPT THE QUESTIONS THAT FOLLOW.
KINDLY REFER TO CHAPTER 6 OF THE COMPREHENSIVE VIDEO LECTURES AND READ THE TOPICS BELOW BEFORE YOU ATTEMPT THE QUESTIONS THAT FOLLOW. CIS ECONS LEVEL 2 WEEK 12 QUESTIONS TOPIC: ECONOMIC POLICIES OBJECTIVE
More informationMeasures of Central tendency
Elementary Statistics Measures of Central tendency By Prof. Mirza Manzoor Ahmad In statistics, a central tendency (or, more commonly, a measure of central tendency) is a central or typical value for a
More informationGame Theory Tutorial 3 Answers
Game Theory Tutorial 3 Answers Exercise 1 (Duality Theory) Find the dual problem of the following L.P. problem: max x 0 = 3x 1 + 2x 2 s.t. 5x 1 + 2x 2 10 4x 1 + 6x 2 24 x 1 + x 2 1 (1) x 1 + 3x 2 = 9 x
More informationPrentice Hall Connected Mathematics, Grade 7 Unit 2004 Correlated to: Maine Learning Results for Mathematics (Grades 5-8)
: Maine Learning Results for Mathematics (Grades 5-8) A. NUMBERS AND NUMBER SENSE Students will understand and demonstrate a sense of what numbers mean and how they are used. Students will be able to:
More informationContent Added to the Updated IAA Education Syllabus
IAA EDUCATION COMMITTEE Content Added to the Updated IAA Education Syllabus Prepared by the Syllabus Review Taskforce Paul King 8 July 2015 This proposed updated Education Syllabus has been drafted by
More informationC03-Fundamentals of business mathematics
mple Exam Paper Question 1 A retailer buys a box of a product, which nominally contains Q units. The planned selling price of each unit is P. If both P and Q have been rounded to ± 10%, then the maximum
More informationContinuous Probability Distributions & Normal Distribution
Mathematical Methods Units 3/4 Student Learning Plan Continuous Probability Distributions & Normal Distribution 7 lessons Notes: Students need practice in recognising whether a problem involves a discrete
More informationTHE INSTITUTE OF CHARTERED ACCOUNTANTS (GHANA) QUANTITATIVE TOOLS IN BUSINESS QUESTION PAPER NOVEMBER 2014
QUESTION 1 THE INSTITUTE OF CHARTERED ACCOUNTANTS (GHANA) Given the cost function c=5x and the demand function p=29-4x, x being the quantity of goods. Find the optimum price. (5 marks) Find the quantity
More informationTHE INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA NOVEMBER 2015 FOUNDATION EXAMINATION Question Papers Suggested Solutions Plus Marking Guide Examiners Reports TABLE OF CONTENTS SUBJECT QUANTITATIVE TECHNICHES
More informationMoments and Measures of Skewness and Kurtosis
Moments and Measures of Skewness and Kurtosis Moments The term moment has been taken from physics. The term moment in statistical use is analogous to moments of forces in physics. In statistics the values
More informationMBA 7020 Sample Final Exam
Descriptive Measures, Confidence Intervals MBA 7020 Sample Final Exam Given the following sample of weight measurements (in pounds) of 25 children aged 4, answer the following questions(1 through 3): 45,
More informationT.I.H.E. IT 233 Statistics and Probability: Sem. 1: 2013 ESTIMATION
In Inferential Statistic, ESTIMATION (i) (ii) is called the True Population Mean and is called the True Population Proportion. You must also remember that are not the only population parameters. There
More informationEconometrics and Economic Data
Econometrics and Economic Data Chapter 1 What is a regression? By using the regression model, we can evaluate the magnitude of change in one variable due to a certain change in another variable. For example,
More information2017 IAA EDUCATION SYLLABUS
2017 IAA EDUCATION SYLLABUS 1. STATISTICS Aim: To enable students to apply core statistical techniques to actuarial applications in insurance, pensions and emerging areas of actuarial practice. 1.1 RANDOM
More informationRandom Variables and Probability Distributions
Chapter 3 Random Variables and Probability Distributions Chapter Three Random Variables and Probability Distributions 3. Introduction An event is defined as the possible outcome of an experiment. In engineering
More information2018 CFA Exam Prep. IFT High-Yield Notes. Quantitative Methods (Sample) Level I. Table of Contents
2018 CFA Exam Prep IFT High-Yield Notes Quantitative Methods (Sample) Level I This document should be read in conjunction with the corresponding readings in the 2018 Level I CFA Program curriculum. Some
More informationStat 101 Exam 1 - Embers Important Formulas and Concepts 1
1 Chapter 1 1.1 Definitions Stat 101 Exam 1 - Embers Important Formulas and Concepts 1 1. Data Any collection of numbers, characters, images, or other items that provide information about something. 2.
More informationUNIVERSITY OF KWAZULU-NATAL
UNIVERSITY OF KWAZULU-NATAL EXAMINATIONS: June 006 Subject, course and code: Mathematics 34 (MATH34P Duration: 3 hours Total Marks: 00 INTERNAL EXAMINERS: Mrs. A. Campbell, Mr. P. Horton, Dr. M. Banda
More informationdollars per person; the cost is $45 for each person. dollars per person; the cost is $1 for 225 people.
Name: ate: 1 The table shows the cost of a vacation package for a given number of people. The rate of change is constant in the table. Find the rate of change. Explain what the rate of change means for
More informationMATH6911: Numerical Methods in Finance. Final exam Time: 2:00pm - 5:00pm, April 11, Student Name (print): Student Signature: Student ID:
MATH6911 Page 1 of 16 Winter 2007 MATH6911: Numerical Methods in Finance Final exam Time: 2:00pm - 5:00pm, April 11, 2007 Student Name (print): Student Signature: Student ID: Question Full Mark Mark 1
More informationWeb Extension: Continuous Distributions and Estimating Beta with a Calculator
19878_02W_p001-008.qxd 3/10/06 9:51 AM Page 1 C H A P T E R 2 Web Extension: Continuous Distributions and Estimating Beta with a Calculator This extension explains continuous probability distributions
More informationFinal Exam Sample Problems
MATH 00 Sec. Final Exam Sample Problems Please READ this! We will have the final exam on Monday, May rd from 0:0 a.m. to 2:0 p.m.. Here are sample problems for the new materials and the problems from the
More informationNOVEMBER 2016 PROFESSIONAL EXAMINATIONS QUANTITATIVE TOOLS IN BUSINESS (PAPER 1.4) CHIEF EXAMINER S REPORT, QUESTIONS & MARKING SCHEME
NOVEMBER 06 PROFESSIONAL EXAMINATIONS QUANTITATIVE TOOLS IN BUSINESS (PAPER.4) CHIEF EXAMINER S REPORT, QUESTIONS & MARKING SCHEME EXAMINER S GENERAL COMMENTS The Quantitative Tools in Business, Paper.4,
More informationSt. Xavier s College Autonomous Mumbai STATISTICS. F.Y.B.Sc. Syllabus For 1 st Semester Courses in Statistics (June 2015 onwards)
St. Xavier s College Autonomous Mumbai STATISTICS F.Y.B.Sc Syllabus For 1 st Semester Courses in Statistics (June 2015 onwards) Contents: Theory Syllabus for Courses: S.STA.1.01 Descriptive Statistics
More informationMANAGEMENT ACCOUNTING TECHNIQUES AS AID IN DECISION-MAKING ACN306Y
MANAGEMENT ACCOUNTING TECHNIQUES AS AID IN DECISION-MAKING ACN306Y 1 PROGRAMME: GROUP DISCUSSION 2010 14:30-15:30 COST VOLUME PROFIT, REGRESSION, LEARNING CURVES, OPTIMISATION (CHAPTERS 5, 6, 7, 8) 15:30-15:45
More information56:171 Operations Research Midterm Examination October 25, 1991 PART ONE
56:171 O.R. Midterm Exam - 1 - Name or Initials 56:171 Operations Research Midterm Examination October 25, 1991 Write your name on the first page, and initial the other pages. Answer both questions of
More informationSimple Descriptive Statistics
Simple Descriptive Statistics These are ways to summarize a data set quickly and accurately The most common way of describing a variable distribution is in terms of two of its properties: Central tendency
More informationDATA HANDLING Five-Number Summary
DATA HANDLING Five-Number Summary The five-number summary consists of the minimum and maximum values, the median, and the upper and lower quartiles. The minimum and the maximum are the smallest and greatest
More informationKE2 MCQ Questions. Identify the feasible projects Alpha can select to invest.
KE2 MCQ Questions Question 01 You are required to choose the most appropriate answer. 1.1 Company Alpha is considering following four independent projects for investment. The initial cash outflow required
More informationTOPIC: INTRODUCTION TO PUBLIC SECTOR ACCOUNTING BASES OF PUBLIC SECTOR ACCOUNTING, ACCOUNTING CONCEPTS AND REGULATORY FRAMEWORK
ICAN PUBLIC SECTOR ACCOUNTING AND FINANCE SKILLS LEVEL TOPIC: INTRODUCTION TO PUBLIC SECTOR ACCOUNTING BASES OF PUBLIC SECTOR ACCOUNTING, ACCOUNTING CONCEPTS AND REGULATORY FRAMEWORK WEEK ONE QUESTIONS
More informationStandard Normal, Inverse Normal and Sampling Distributions
Standard Normal, Inverse Normal and Sampling Distributions Section 5.5 & 6.6 Cathy Poliak, Ph.D. cathy@math.uh.edu Office in Fleming 11c Department of Mathematics University of Houston Lecture 9-3339 Cathy
More informationCalculator Advanced Features. Capital Budgeting. Contents. Net Present Value (NPV) Net Present Value (NPV) Net Present Value (NPV) Capital Budgeting
Capital Budgeting Contents TI BAII Plus Calculator Advanced Features Uneven Cash Flows Mean, Variance, and Standard Deviation Covariance, Correlation, and Regression Deprecation Net Present Value (NPV)
More informationSTA2601. Tutorial letter 105/2/2018. Applied Statistics II. Semester 2. Department of Statistics STA2601/105/2/2018 TRIAL EXAMINATION PAPER
STA2601/105/2/2018 Tutorial letter 105/2/2018 Applied Statistics II STA2601 Semester 2 Department of Statistics TRIAL EXAMINATION PAPER Define tomorrow. university of south africa Dear Student Congratulations
More informationSOLUTION QUANTITATIVE TOOLS IN MANAGEMENT MAY (x) 5000 ( ) ( )
QUESTION 1 a) Annual Gross Income Less than 6000 6000 and less than 8000 8000 and less than 10000 10000 and less than 14000 14000 and less than 20000 20000 and less than 32000 32000 and above The mean:
More informationTerms & Characteristics
NORMAL CURVE Knowledge that a variable is distributed normally can be helpful in drawing inferences as to how frequently certain observations are likely to occur. NORMAL CURVE A Normal distribution: Distribution
More informationCommon Knowledge Base
Common Knowledge Base Contents I. Economics 1. Microecomonics 2. Macroeconomics 3. Macro Dynamics 4. International Economy and Foreign Exchange Market 5. Financial Markets II. Financial Accounting and
More informationTaxation and Efficiency : (a) : The Expenditure Function
Taxation and Efficiency : (a) : The Expenditure Function The expenditure function is a mathematical tool used to analyze the cost of living of a consumer. This function indicates how much it costs in dollars
More informationEcon 172A - Slides from Lecture 7
Econ 172A Sobel Econ 172A - Slides from Lecture 7 Joel Sobel October 18, 2012 Announcements Be prepared for midterm room/seating assignments. Quiz 2 on October 25, 2012. (Duality, up to, but not including
More informationJacob: What data do we use? Do we compile paid loss triangles for a line of business?
PROJECT TEMPLATES FOR REGRESSION ANALYSIS APPLIED TO LOSS RESERVING BACKGROUND ON PAID LOSS TRIANGLES (The attached PDF file has better formatting.) {The paid loss triangle helps you! distinguish between
More informationMajor Field Tests (MFT) Sample Questions
Major Field Tests (MFT) Sample Questions ECONOMICS Directions: The following questions illustrate the range of the test in terms of the abilities measured, the disciplines covered, and the difficulty of
More informationWe want to solve for the optimal bundle (a combination of goods) that a rational consumer will purchase.
Chapter 3 page1 Chapter 3 page2 The budget constraint and the Feasible set What causes changes in the Budget constraint? Consumer Preferences The utility function Lagrange Multipliers Indifference Curves
More informationFree of Cost ISBN : CS Foundation Programme (Solution upto June & Questions of Dec included) June
Free of Cost ISBN : 978-93-5034-111-7 Appendix CS Foundation Programme (Solution upto June - 2011 & Questions of Dec - 2011 included) June - 2011 Paper - 2 : Economics and Statistics Part - 2A : Economics
More informationFinancial Applications Involving Exponential Functions
Section 6.5: Financial Applications Involving Exponential Functions When you invest money, your money earns interest, which means that after a period of time you will have more money than you started with.
More informationTABLE OF CONTENTS - VOLUME 2
TABLE OF CONTENTS - VOLUME 2 CREDIBILITY SECTION 1 - LIMITED FLUCTUATION CREDIBILITY PROBLEM SET 1 SECTION 2 - BAYESIAN ESTIMATION, DISCRETE PRIOR PROBLEM SET 2 SECTION 3 - BAYESIAN CREDIBILITY, DISCRETE
More information