Running Heading: BUSINESS MATHEMATICS AND STATISTICS 1

TITLE PAGE

ASSIGNMENT NAME:

MODULE NAME: BUSINESS MATHEMATICS AND STATISTICS

SESSION

YOUR NAME

ID

THE NAME OF THE FACULTY

BUSINESS MATHEMATICS AND STATISTICS 2

TABLE OF CONTENT

TITLE PAGE.............................................................................................................................1

TABLE OF CONTENT.............................................................................................................2

TASK ONE A............................................................................................................................4

TASK ONE B............................................................................................................................4

TASK ONE C............................................................................................................................5

TASK ONE D............................................................................................................................5

TASK ONE E.............................................................................................................................6

RESULTS FROM MY SURVEY..............................................................................................7

LINK OF MY SURVEY............................................................................................................8

TASK TWO A...........................................................................................................................9

TASK TWO B............................................................................................................................9

TASK TWO C............................................................................................................................9

TASK THREE A......................................................................................................................10

TASK THREE B......................................................................................................................10

TASK THREE C......................................................................................................................11

TASK FOUR A........................................................................................................................12

TASK FOUR B........................................................................................................................12

TASK FOUR C........................................................................................................................13

BUSINESS MATHEMATICS AND STATISTICS 3

TASK ONE

Classification of results’ blood group

Gender A B AB O Total
Male 5 0 2 9 16
Female 9 1 2 2 14
Total 14 1 4 11 30

TASK ONE A

Based on the above table, the probability that selected student is male or his blood type is O is

given by

The probability that selected student ismale + probability that hisblood type is O

− probability that hismale∧blood group O

16
The probability that selected student ismale=
30

11
Probability that hisblood type is O=
30

Probability that he is male∧blood group O=9/30

16 11 9 18
+ − =
30 30 30 30

¿ 18/30

TASK ONE B

1
The probability that selected student isblood type B=
30

1
The probability that selected student is female∧blood type B=
30

P(F∩B) 1
¿ = =1
P (B) 1
BUSINESS MATHEMATICS AND STATISTICS 4

TASK ONE C

The probability that the student is female and her blood type is AB

¿ The probability that selected student is female x her blood type is AB

14
The probability that selected student is female=
30

2
The probability that selected student blood typeis AB=
14

14 2 2 1
x = =
30 14 30 15

1
¿
15

TASK ONE D

The probability that the selected student is from blood type A given that he is male

16
The probability that selected student ismale=
30

5
The probability that selected student ismale∧¿ blood type A=
30

P( A∩M)
¿
P(M)

5
P( A ∩ M )=
30

16
P ( M )=
30

5
P ( A ∩ M ) 30 5
Therefore, ¿ = =
P(M) 16 16
30

5
¿
16
BUSINESS MATHEMATICS AND STATISTICS 5

TASK ONE E

The probability that the selected student is not from blood type O

Out of the 30 students, 11 had type O blood group. The probability that the student is of type

11
O would be ¿
30

The probability that the student is not from type O is given as

11 19
1− =
30 30
BUSINESS MATHEMATICS AND STATISTICS 6

RESULTS FROM MY SURVEY

Student ID Gender Weight Height Age Blood

type
19f19339 Male 87 178 30 A
20s19926 Male 85 159 22 A
19f19038 Male 74 153 20 A
21s21334 Male 70 160 19 A
19f19091 Male 59 176 19 A
20s1965 Female 52 155 19 A
19f19081 Female 50 168 19 A
21s21344 Female 50 154 22 A
20f20998 Female 50 178 20 A
20s19926 Female 50 157 20 A
21s21304 Female 45 156 21 A
20s19926 Female 44 160 20 A
19f19094 Female 40 150 19 A
19f19691 Female 34 150 20 A
20f2019 Male 70 160 20 AB
20f20289 Male 58 160 21 AB
19f19081 Female 46 155 21 AB
19f19058 Female 40 165 20 AB
20f20252 Female 50 156 18 B
20f20298 Male 78 162 18 O
19f19098 Male 77 172 37 O
20s1956 Male 74 160 20 O
20f20192 Male 65 163 20 O
19f19081 Male 65 178 25 O
20s19926 Male 60 156 20 O
20f20299 Male 56 170 18 O
20f20191 Male 55 160 20 O
20s19956 Male 54 150 20 O
20s19922 Female 53 150 19 O
20f20191 Female 40 140 22 O
BUSINESS MATHEMATICS AND STATISTICS 7

LINK OF MY SURVEY

https://forms.gle/LWoWzEXPYpZZkDmX6
BUSINESS MATHEMATICS AND STATISTICS 8

TASK TWO A

The last digit of my MEC ID is 8. Assuming the family A has 8 children constituting a

varying number of boys and girls. The sample space of a family children would be

X ={ 0 , 1, 2 , 3 , 4 , 5 , 6 ,7 ,8 }

Where x is the number of girls that assume values; 0,1,2,3,4,5,6,7,8

TASK TWO B

applying combination, the family can have several combinations of boys and girls to sum up

to 8 children. Let n be the total number of children (8). When x=0 ; we have 0 girls and 8

boys in the family. This can be represented mathematically as n∁ x when x=0 ; 8 ∁0=1

8 ∁1=8 ; 8 ∁2=28 ; 8 ∁3=56 , 8 ∁4 =70; 8 ∁5=56 , 8 ∁6=28 , 8 ∁7=8, and 8 ∁8=1

Probability distribution table

Number of 0 1 2 3 4 5 6 7 8
Girls X
n ∁ x= 1 8 28 56 70 56 28 8 1
Probability 1 8 28 56 70 56 28 8 1
of X 256 256 256 256 256 256 256 256 256

TASK TWO C

Find 𝑉(-6𝑥 + 5)

v (−6 x+ 5)
8 8 8 2
5x
E ( X )=∫ x (−6 x +5 ) dx=¿ ∫ (−6 x +5 x ) dx=∫ (−2 x ¿¿+
2 3
)¿ ¿ ¿
0 0 0 2

¿ (−2 x 8 x 8 x 8 ) +2.5 x 8−0=−1004

8 8 8 3
5x
E ( X ) =∫ X (−6 x+ 5 ) dx=¿∫ (−6 x +5 X ) dx=∫ (−1.5 x ¿¿+
2 2 3 2 4
)¿ ¿ ¿
0 0 0 3
BUSINESS MATHEMATICS AND STATISTICS 9

¿¿

v (−6 x+ 5) = E X 2 −(E( X )¿ ¿ 2)=5290.66−(−1004)=4286.66 ¿

TASK THREE A

14% of customers purchased product A and 20% of customers purchased product B.

Calculate the probability that exactly eight of the customers have purchased any one of the

two products

((A + 6) %) of customers purchased product A

A = 8, therefore, 14% of customers purchased product A

((A + 12) %) of customers purchased product B

Therefore, 20% of customers purchased product B.

Out of the 12 customers, the probability that exactly eight of the customers have purchased

any one of the two products would be calculated as follows.

Let the p be the probability of successful customers purchasing and q be unsuccessful

customers not purchasing. Using Binomial Distribution

For product A, we have p= 0.14 and for product B p = 0.2

Therefore, for product A, we have

8 4
12 ∁8 x 0.14 x 0.86 =0.000039959

8 4
12 ∁8 x 0.2 x 0.8 =0.000519

¿ 0.000039959+0.000519=0.000559

TASK THREE B

This would 1 subtract the probability that any of the product was not sold (Elart Von Collani

and Klaus Dräger, 2001).

BUSINESS MATHEMATICS AND STATISTICS 10

The probability that any of the product was not sold is given by:

For product A we have

0 12
12 ∁0 x 0.14 x 0.86 =0.1637

For product B, we have

0 12
12 ∁0 x 0.2 x 0.8 =0.0687

Combining the two, we have

¿ 0.1637+ 0.0687=0.232

Therefore, at least one customer bought the product is given by:

1−0.232=0.7676

TASK THREE C

Given that 𝑃(𝑋 = 0) = 14/2 = 7

The value of p would 7 divided by the number of customers, 12

P = 7/12

Given that the variance of 𝑋 is 2.4

The variance of the distribution is given by pq, where p is the probability of success and q is

the probability of failure.

Therefore, npq=2.4

Combining the sales percentage for the two products, we have 14+ 20 = 34%

But pq = 2.4 and q = 1- 0.34 = 0.66

2.4 2.4
Therefore, P= = =0.303
nq 0.66 x 12
BUSINESS MATHEMATICS AND STATISTICS 11

TASK FOUR A

Normal distribution is an important tool used in business. It aids to determine some properties

of the data and gives foundation using others statistical tools for decision making. Normal

Distribution is helpful in business for making timely and accurate timely decisions, manage

and measure risks, and checks the real application of decisions by analyzing and interpreting

collected information. Normal Distribution helps quality control, business operations, and

cost management through necessitating the determination of the most sensitive and complex

part of the variable. In business, variables which are not normally distributed can be

normalized by variable transformation. Therefore, it helps to study several discrete variables

with large sample size (Tong, 2012).

TASK FOUR B

P(μ− ( A+5 4 ) σ ≤ X ≤ μ +( A+5 4 ) σ )

But A= my MEC ID’s last digit

A=8

P(μ− ( 8+5 4 )σ ≤ X ≤ μ +( 8+5 4 ) σ)

P(μ− ( 125 ) σ ≤ X ≤ μ+( 125 ) σ )
P(μ−( 2.4 ) σ ≤ X ≤ μ+ ( 2.4 ) σ )

P(−( 2.4 ) σ ≤ X ≤+ ( 2.4 ) σ )

P(−( 2.4 ) ≤ X ≤+ ( 2.4 ) )

From the normal distribution table, the Z value for +2.4 is 0.4918 and the Z value for −2.4 is

0.4918.

Therefore, P(x)= 0.9838

BUSINESS MATHEMATICS AND STATISTICS 12

TASK FOUR C

The last two digits of my MEC ID are 98 = B

Therefore,

Mean=120+ B=120+ 98=218

Standard Deviation=73+ B=73+ 98=172

The student length of the student x is between

( 87+ B ) ≤ x ≤ ( 100+ B )

Since B = 98;

( 87+ 98 ) ≤ x ≤ ( 100+ 98 )

( 185 ) ≤ x ≤ ( 198 )

μ−x x−μ
Therefore, For normal distribution, z= ≤ x≤
σ σ

218−185 198−218
z= =0.192∧z= =−0.116
172 172

z=−0.116 ≤ x ≤ 0.192

From the Z score table,

Z=0.192=0.8888 – 0.5=0.3888

And z = -0.116 = 0.4522

Hence, we have 0.3888 + 0.4522

¿ 0.841
BUSINESS MATHEMATICS AND STATISTICS 13

REFERENCE LIST

Elart Von Collani and Klaus Dräger (2001). Binomial distribution handbook for scientists
and engineers. Boston: Birkhäuser.
BUSINESS MATHEMATICS AND STATISTICS 14