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Business Statistics 22-23

Math notes

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79 views4 pages

Business Statistics 22-23

Math notes

Uploaded by

eddie phd
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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MANAGEMENT

THE INSTITUTE OF FINANCE


ANaMA
THE
INS
FRANCE AANAG

FACULTY OFCOMPUTING AND MATHEMATICS


DEPARTMENT OF MATHEMATICS AND ACTUARIAL

STUDIES

BACHELOROF INSURANCE,SOCIAL PROTECTION, BANKING AND


FINANCE, ACCOUNTING, TAXATION, ECONOMICS AND FINANCE,
ACCOUNTING WITH INFORMATION TECHNOLOGY.

IRU 07209, SPU07210, BFU 07208,ACU 07210, TMU 07218, MTUO7203:


BUSINESSSTATISTICS
SUPPLEMENTARY/CARRY/ SPECIAL EXAMINATION
ACADEMIC YEAR 2022/2023
DATE:31NT AUGUST, 2023 TIME ALLOWED: 3HOURS

GENERAL INSTRUCTIONS:
1. There are FOUR (4) questions in this paper, attempt ALL
questions.
2. MarkS are allocated for each question, plan wisely.
3. Your answer should be relevant and tothe point.
4. This question paper shouldnot leave the
examination room.
5. You are reminded to adhere to ALL
Institute's Examination Regulations
QURSTON ONE
tlem nxt the nunhr of onlers oeived for cach ot o0succesive weeks to give the
a A
lowing dixtribuion
l0- 14Is.1920-24 25-2930- 34 3539a
15 20
(2 marks)
)oN many wehs voivol onder less than 24?
) loW manyweks veived onder greater than 207 (2 marks)
) alculate the arithmetie mean, mode and median (9 marks)
(6 marks)
) o thynylygon cuve ofthe above distribution

) ) e r used to pay games atter working hours, where yesterday he played 15 games. Peter
won games Findthe pobability otwimning. (3 marks)
)A armsistsof l0 white marbles, 4 red marbles and 2 green marbles. One marble is
chosn at random. ind the probability that it is awhite marble. (3 marks)

QUESTIOON TWO
Carina obtaùns cash trom ATM machine. She suspects that the rate at which she spends cash is
attècted by the amount of cash she withdrew at her previous visit to ATM. To investigate this
she deliberately varies the amounts she withdraws. The records for each visit to an ATM
showing the amount withdrawn (x) in Tshs and the number of hours (y) are indicated in the
Table
withdrawal 2 4 5 6 7

40 10 100 110 120 150 20

S6 62 195 330 94 270 48

) Draw a scatter diagram by using the data above (7 marks)


ii) Calculate the regression equation of y on x (8 marks)
ii)Find the product moment of correlation coefficient () between x and y (7marks)
iv) Determine the number of hours spend if the amount withdrawn is 200 (3 marks)

2
QUESTION THREE
An index of clothingprices for 2023 basecd on 2018 is to be constructed. The clothing items
considered is Trouser, T-shirt and Tracksuit. The information for prices and quantities for both
years is given below.
Item 2018 2023

Price (Tshs) Quantity Price (Tshs) Quantity


Trouser (cach) 7,000 12 20,000 15

T-shirt (each) 3,500 50 12,000 52

Tracksuit (pair) 5,000 12 15,000 18

Use 2018 as the base period and 100 as the base value to
i) Determine the Laspeyres' price index (7 marks)
ii) Determine the Paasches' price index (7 marks)
ii) Determine Fisher's ideal price index. (5 marks)
iv) Determine the base period weighted Quantity index (6 marks )

QUESTION FOUR
a) MTD company manufacture of electrical component, is contemplating on the possibility of
selling its premises. The chief accountant of the company has suggested a forecast on the
future level of the business operations before the selling decision is made. Sales data on the
past three years records are tabulated below in millions shilling.

Year
Quarter 2012 2013 2014
Q1 45 53 75
Q2 38 44 68
Q3 48 55 78
Q4 50 61 80

i) Present the data usinga line graph and state the nature trend and pattern (6 marks)
ii) Determine the trend by Semi averages method (4 marks)

3
b) Data below relates to paynentof lite nsurance olalms recelved by insuAnceeompany hom2020lo
2023 (In "000"T shs)

Year | Year 2 Year


Qr
Values 2.8 4,2 4.6 147
Trend 3,3 3,4 1,5 .6 3,7 3,9 4.1 4,2 45

Assuming an additive model, caleulate the NeaNonal varlation (N murks)


ii) Forecast data for year4 (2024) (7 marks)

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