Mth302 Collection of Old Papers

Created By: vujannat.
ning
Oct. 7
Question No: 1 ( Marks: 1 ) - Please choose one
The value of c2 is always ------------------
► Positive
► Negative
►
► None of these
WWW. vujannat.ning.COM
Which of the following indicates a strong positive correlation.
►r = 0
►r = -0.793
►r = 0.913
►r = 0.45

0
(3x − 2 y)
Binomial expansion for is equal to
►1
(3x − 2 y)
►
(0 × 3x − 2 y)
►
(3x − 0 × 2 y)
►

New forecast =……
► Old forecast + proportion of error..

► Old forecast - proportion of error 
► Old forecast * proportion of error 
► Old forecast / proportion of error 

Which is the correct syntax for the determinant of a matrix given by the following
array
Created By: vujannat.ning
Oct. 7
► =DETERM(B4:E7)
► =MDTERM(B4:E7)
► =MDETERM(B4:E7)
► =MDETERM(B4;E7)

If C is the cost and S is the selling price of a certain item then the formula for its
markup is given by
► (S-C)/S *100%
► (S-C)/C *100%
► (C-S)/S *100%
► (C-S)/C *100%

There is an investment of of basic salary on behalf of the employee in
Provident Fund
th
► 1/11
th
► 2/11
th
► 3/11
th
► 5/11
Oct. 7

VDB returns the depreciation of an asset for
►Zero
period
►One
period
►Two
period
►Any arbitrary
period

Solve x – 16 = 12 for
x.

►4

►28

►–4
►
–28

Syntax for the Poisson distribution is
►POISSON(x, mean,
cumulative)
►POISSON(x, mode,
cumulative)
►POISSON(x, median,
cumulative)
►POISSON(x, y, mean,
cumulative)

Men tend to marry women who are slightly younger than themselves.
Suppose that every man married a woman who was exactly .5 of a year
younger than themselves. Which of the following is CORRECT?
► The correlation is −.5.

► The correlation is .5.
► The correlation is 1.
► The correlation is −1.
► The correlation is 0

Oct. 7
If high or low numbers have a significant effect on a list of numbers, the ----------- may be
better than the mean.
► mode
► median
► range
► quartile

If you invest some amount at an interest rate of 8%, then at the end of 9 years.
What will be the value of Accumulation Factor?
► 12.736
► 12.487
► 12.965
► 12.856

Which of the following is not a measure of central tendency
► Percentile
► quartile
► standard deviation
► mode

If the dependent variable increases with the independent variable then the coefficient of
correlation is
► 0 to -1
► 0 to – 0.5
► 0 to -2
► 0 to 1

There are 5 Rock songs, 6 Carnatic songs and 3 Indian pop songs. How many different
albums can be formed using the above repertoire if the albums should contain at least 1
Rock song and 1 Carnatic song?
► 15624
► 16384
► 6144
► 240
Oct. 7

In given Qrtly, data the first step in computing seasonal index is calculating
► 4 qtr moving average
► Discard highest and lowest values
► 4 qtr. Moving total

► 2 qtr. Moving total

The variance is
► Found by dividing by N by the mean.
► In the same units as the original data.
► Found by squaring the standard deviation
► Calculate by dividing the S.D. with mean

If many data points are close to the mean, then the standard deviation is -----------.
►0
► Small
► Large
► Middle value

In a linear regression of y on x, y = a + bx,
► the variance of x is constant for all values of y
► a fitted straight line goes through (0, 0)
► Both variables have the same variance
► x is the explanatory variable
Question No: 21 ( Marks: 2 )

Oct. 7
The answer of BINIMDIST is #NUM. Give the reason of this error message.

If Y = a + 2 X, find the value of a when Y = 7 and x = 2.

What is the mode of the following data?
Explain negative binomial distribution.

Construct a sample space S, if you toss a coin THREE times and observe the sequence of
heads ( H ) and tails ( T ) those appears.

Eleven subjects carried out the same task using a pocket calculator. The times (in
seconds) taken were: 69, 75, 83, 58, 95, 72, 86, 88, 77, 79, 90. Find the range & median .
Oct. 7

The length of life for a washing machine approximately normally distributed, with a
mean of 4 years and a S.D of 1.5 years. If this type of washing machine is guaranteed
for 12 months. What percentage of the sale will require replacement?

If Sample space S = {1,2,3,..........,9}, event A ={2, 4, 6, 8} and event B ={1, 3, 5}
Find the probability of A or B happening.

Find the mean, median, mode, and range for the following list of values:
1, 2, 4, 7

Find the Median , Midhinge , Midrange for the following data values:
10, 13, 14, 12, 13, 19, 22,23,24

Oct. 7
FINALTERM EXAMINATION
Fall 2008
MTH302- Business Mathematics & Statistics (Session - 3)

6!.......
► 720 (Correct)
► 620
► 420
► 520

Given : List Price =5500Rs , Discount = 850Rs, then Net Cost Price will be
► 6350 Rs
6350 Rs
► 5508 Rs
5508 Rs
► 5585 Rs
► 4650 Rs (Correct)

The value of x after solving the following linear equation is
-2x + 6 = 4x - 2
►0
►3
► 1/2
► 4/3
A = [1]
, then which statement is wrong about A?
Oct. 7
► A is a column matrix.
► A is a row matrix.
► A is an identity matrix.
► A is not a square matrix. (Correct)

Percentage is a ratio of given number with standard number:
 100 (Correct)
 Same number
 1000
 10

Sum of annuity is always
► Present value
► Future value (Correct)
► Net present value
► Current value

If the principal P is 900 rupees, time period is 6 years and rate is 12% then the simple
interest will be
► 648 (Correct)
► 658
► 668
► 678

In the equation Y = a + b X the formula to calculate b is
n∑ xy − ∑ x ∑
b= yn x2 −(
2
∑ ∑
x)
►
Oct. 7
n∑ xy − ∑ x ∑ y
b=
∑x 2
− (∑ x)2
►
n∑ xy − ∑ x ∑
b= yn x2 −(
∑ ∑
x)
►
∑ xy − ∑ x ∑
b= yn x2 −(
2
∑ ∑
x)
►

P(A and B) = P(A) x P(B)
What does this formula represent?

► (a) The events A and B are Dependent. (Correct)
► (b) The events A and B are Exclusive.
► (c) The events A and B are Independent.
► (d) Both (a) and (b)
The moving averages represent ------------------
► Time series variations

► Co-efficien0074 of variations
► Statistical Dispersion
► Absolute deviation
Two dice are rolled and the numbers are added together. The probability of the total
being 12 is
► True
► False (Correct)

Oct. 7
6!
0!(6 − 6)!
Evaluate
►0
► 10
► 120
► 720 (Correct)

Which of the following terms is a measure of the central tendency?
► Standard Deviation
► Variance
► Average
► None of these (Correct)

How many arrangements can be made of the letter BUSINESS
► 6723
► 6725
► 6720
► 6721

► 15624
► 16384
► 6144
► 240

In an exponential smoothing model, the weighting factor w is a number that falls
between and .
► 0; 1
► -1; 1
Oct. 7
► -1; 0
► 4; 4
► -2; 2

In a positively skewed distribution
► The mean, median, and mode are all equal.
► The mean is larger than the median (Correct)

► The median is larger than the mean.
► The standard deviation must be larger than the mean or the median.

For what purpose is the method of least squares used on time-series data?
► It is used for eliminating irregular movements
► It is used for obtaining the trend equation.
► It is used for deseasonalizing the data.
► It is used for exponentially smoothing a series.

All of the following are assumptions of the error terms in the simple linear regression
model except
► normality
► error terms with a mean of zero
► constant variance
► variance of one

Which one of the following statements is not true?
► Correlation shows a degree of association between two variables.
► You can make any predictions with results of correlation.
► Correlation helps proceed further with regression analysis.
► You can make Predictions on the base of regression equations.

Oct. 7
Define frequency with example.
Answer:
The number of times a certain value or class of values occur.

Define Type-I error.
Answer:
Statistical probability in hypothesis testing that the test sample supports a conclusion that
a value is misstated when, in fact, the value is correctly stated. Defined also as an
incorrect decision to reject something that should have been accepted, it is the mirror
image of type 2 error. If the level of significance (called alpha level) for a test result is set
too high, the possibility of type 1 error is reduced but the possibility of type 2 error is
raised by the same factor, and vice versa. Also called alpha error or alpha risk.

A coin can be tossed in 3 ways. A die can be thrown in 6 ways. A coin and a die together can be
thrown in 18………….ways.

Determine two variable X and Y are correlated or uncorrelated by using the following table
X 0 4
Y 2 2

Show that X and Y are uncorrelated by using the following table
X 2 4
Y 3 3
Answer:
It returns the probability that there will be number_f failures before the number_s-th success, when the
constant probability of a success is probability_s. This function is similar to the binomial distribution, except
that the number of successes is fixed, and the number of trials is variable. Like the binomial, trials are
assumed independent.
Oct. 7

What will be the
∑ ( X − X ) (Y − Y
=5.
)

On a final examination in mathematics the mean was 72 and the standard deviation was
15. Determine the standard scores of students receiving marks
(a) 60, (b) 93, (c) 72

a) Write all the combinations of abcd taken 1 at a time.
Answer : 4!/1!(4-1)! = 4
b) Write their combinations taken 2 at a time.
Answer : 4!/2!(4-2)! = 4.3.2/2.2 = 6
c) Write their combinations taken 3 at a time.
Answer : 4!/3!(4-3)! = 4.3.2/3.2 = 6
d) Write their combinations taken 4 at a time.
Answer : 4!/4!(4-4)! = 1

Find the standard deviation and variance for 10 randomly selected data values :
44, 50, 38, 96, 42, 47, 40, 39, 46, 50 .
Answer:
Standard Deviation = 19.99136

13, 18, 13, 14, 13, 16, 14, 21, 13
Answer:
Mean = 15
(N=9) Median =
14
Mode = 13
Range = 13
WWW. vujannat.ning.COM Oct. 7
www. vujannat.ning.com
FINAL EXAMINATION
Total Marks: 50
SEMESTER Fall 2004
Subject code – MTH 302 (Fall-2004) Duration:150mins
StudentID/LoginID
Name
PVC Name/Code
Date
Maximum Time Allowed: (2.5 Hours)
Please read the following instructions carefully before attempting any of the
questions:
1. Attempt all questions. Marks are written adjacent to each question.
2. Do not ask any questions about the contents of this examination from anyone.
a. If you think that there is something wrong with any of the questions, attempt it to
the best of your understanding.
b. If you believe that some essential piece of information is missing, make an
appropriate assumption and use it to solve the problem.
c. Write all steps, missing steps may lead to deduction of marks.
d. You have to solve the questions on Excel sheet and don’t use more then
two Excel sheets to solve all the questions.
**WARNING: Please note that Virtual University takes serious note of unfair means.
Anyone found involved in cheating will get an `F` grade in this course.
For Teacher’s use only

Question Q1 Q2 Q3 Q4 Q5 Q6 Q7 Q8 Q9 Total
Marks
Question No: 1 Marks: 5

Class marks for grouped data as well as frequency against each class interval are given in the following table. Calculate
using EXCEL total marks and mean.
Marks Frequency(f)
30 34 2
35 39 6
40 44 7
45 49 16
50 54 20
55 59 8
60 64 3

For X and Y data calculate the StDev of X and Y, Cov(X,Y) and correlation between X and Y. Use only basic formulas
in the Worksheet.
X Y
6 120
12 200
8 150
14 170
7 150

Annual discount rate is 12%. Initial cost of investment 1 year from today is Rs.15000. Return from first year is Rs.
4000. Return from second year is 4500.
Return from third year is Rs. 6500. What is the net present value of this investment? Use Excel function NPV.
Plot the above data as actual data as well as moving averages.
Known Known
y x
2 6
3 5
9 11
1 7
8 5
7 4
5 4
For the data shown below find simple averages, moving averages, actual – trend and seasonal variations.
Day Period Data

1 Morning 270
Afternoon 340
Evening 330
2 Morning 276
Afternoon 252
Evening 333
3 Morning 282
Afternoon 261
Evening 342
Question No: 6 Marks:5

For the data given below find seasonal variations and plot the data as a line graph.
Qtr Actual
1 242
2 154
3 262
4 306
1 230
2 150
3 274
4 298
1 226
2 142
3 262
4 286

(a) There are 120 objects. The number of objects in each permutation is 4. Find the total number of permutations.
(b) Probability of success is 65%. What is the probability of 8 successes out of 9? Use BINOMDIST for the
calculation.

(a) Number of events are 4. Expected mean is 10. What is cumulative Poisson probability for these events?
(b) Number of events is 4. Cumulative Poisson probability for these events is 0.19%. What is the Expected
mean? Use POISSON function using hit and trial method.

(a) Find proportion of bags which have weight in excess of 615 g.
Mean = 610. StDev = 3.0 g.
(b) What percentage of bags filled by the machine will weigh less than 607.5 g?
Mean = 610 g; StDev = 3.0 g.
WWW.
vujannat.ning.com
http:// vujannat.ning.com
Largest OnlineFINAL
Community
EXAMINATION
of VU Students Total Marks: 50
SEMESTER Fall 2005
MTH 302 (Business Mathematics & Statistics) Duration:150mins
Maximum Time Allowed: (2:30 Hours)
questions:
a. If you think that there is something wrong with any of the questions, attempt it
to the best of your understanding.
e. Solve the questions on excel sheet in usual manner i.e. from upward to
downward not from left to right.
Question Q1 Q2 Q3 Q4 Q5 Total
Marks
Answers of Excel Sheet.
Find the product of matrices A and B, inverse of A and B. Also find the determinant of A and B. Using EXCEL
function
Where
⎛ 1 −2 3 ⎞ ⎛2 3 1⎞
⎜ ⎟ ⎜ ⎟
A = ⎜ 4 5 −6 ⎟ , B = ⎜3 2 4⎟
⎜7 8 9⎟ ⎜5 4 2⎟
⎝ ⎠ ⎝ ⎠
a). Use Excel function NPV to find the net present value of investment when annual discount is 9%,
initial cost of investment one year from today is 150000. Return from first year is Rs 22000. Return from
Second year is 45000; return from third year is 35000.
Marks 5
b). Find the single discount rate that is equivalent to the series 20%, 15%, 9%.
Marks 5
Find the mean and harmonic mean for the following data
Classes Frequency.
30-39 2
40-49 3
50-59 11
60-69 20
70-79 32
80-89 25
90-99 7

For the following data :
X 3 4 5 6 7 8 9 10
Y 25 24 20 10 19 17 16 13
a) Find the regression equation by calculating Slope and intercept Excel functions. Marks 5
b) Find Correlation coefficient and covariance. Marks 5
a) For the following data Marks 5

Day Period. Data
1 Morning 68
Afternoon 29
Evening 78
2 Morning 41
Afternoon 72
Evening 61
3 Morning 58
Afternoon 89
Evening 60
a). Find the moving average. Also plot line graph of moving averages. Marks 5
b). A Surgery is successful for 55% patients. What is the probability of its success in at least 3 cases out of
randomly selected 5 patients. Use BINOMDIST of Excel function. Marks 5
Connecting VU Students
FALL 2007 Marks: 60
MTH302 - BUSINESS MATHEMATICS & STATISTICS
(Session - 3 )
StudentID/LoginID:
Student Name:
Center Name/Code:
Exam Date: Saturday, March 22, 2008
Please read the following instructions carefully before attempting the paper: Duration
: March 22, 2008 to March 24, 2008.

1- Take-home exams allow you to use notes, texts or resource materials while solving the
paper. Take-home exams test your ability to find and use information for problem solving
and to deliver well-structured and well-presented arguments and solutions.
All students must submit their paper on or before 24th March 2008. No relaxation in the
time for the submission shall be given
3- Attempt all the questions on one Excel Worksheet (use only sheet 1) to solve all
the questions. More than one sheet is not acceptable. If you solve any question on
sheet2, sheet3 and so on, it will not be graded.
4- Solve the questions on excel worksheet in usual manner i.e. from upward to downward
not from left to right.
5- Variables (say x, y, and z) are given in the questions you can assign any value to variable
within the range mentioned in the questions.
(e.g. A man sells shirts of Rs x and he gets a profit of 10%. Then find the profit. (25000<x<30000)
Solution: Here we can take x as any value between 25000 to 30000.
Take x = 26000
Profit = 26000*10/100 = 2600 Rs Answer
Or
Take x = 26500
Profit = 26500*10/100 = 2650 Rs Answer )

6- Attempt all questions. Marks are written adjacent to each question.
7- Do not ask any questions about the contents of this examination from anyone.
If you think that there is something wrong with any of the questions, attempt it to the best
of your understanding.
If you think that some essential piece of information is missing, make an appropriate
assumption and use it to solve the problem.
8- Write all steps, missing steps may lead to deduction of marks.
9- you do not solve paper on Excel Sheet, you will get a zero mark. So paper on Word files
or any format other than Excel will not be graded.
For Teacher's use only

Question 1 2 3 4 5 6 Total
Marks
a) A shopkeeper borrowed Rs 20000 from two money lenders, he paid X% interest on first loan
and (X+2)% interest on second loan per annum. Where 6 ≤ X ≤ 25. After one year if he paid
rupees 2500 in total then how much rupees he borrowed from each lender.
Marks 4
b) Find the compounded interest rate percent per annum, if Rs 2000 amounted to Rs 3000 in y
years ; y = 2, 3 ,4 (choose any one of them), Interest is considered half –yearly.
Marks 4
c) Take x number of persons in any three families and divide each family in three categories No of
men, No of women, No of children, and make their matrix. ( where 6 ≤ X ≤ 17)
Since the recommended daily requirement of calories for three categories is
Men = 2500gm, Women = 2000gm, Children = 1800gm,
And the requirement of protein for three categories is
Men = 55gm, Women = 45gm, children = 35gm,
Find the total requirement of calories and protein for each family, by using multiplication function
of matrices in Excel.
Marks 4
a) Suppose you purchase a car, the cost of car is last six digits of your VU ID, if useful life of the
car is 5 years and the value of car at the end of deprecation is 25% of cost of the car then finds
deprecation for each year by using Excel function.
Marks 5
b) Suppose a set of 50 cards numbered with 20 to 70 (Take integers only) , select 10 cards from
them and make a data array of integers then find Mean, Median and Mode of the data.
Marks 3
Take the each batsman score of batting line up of one inning from any cricket match you like in
which at least 10 batsmen had made scores, make the data array of scores (Runs), from this data,
a) Find standard deviation and Variance. Marks

5
b) Find all Quartiles and Quartile Deviation.

Marks
5
The National Logistic Cell (NLC) is studying the relationship between the number of bidders on a
highway project and the winning (lowest) bid for the project.
i) Sketch the original data on the graph.
Marks 2
ii) Determine is there any degree of association between number of bidders and the winning
(lowest) bid? And what type of association is there between the number of bidders and the winning
(lowest) bid. Marks 4
iii) Determine the mathematical equation of the winning (lowest) bid on the number of bidders on
a highway project. Then also estimate the amount of the winning bid if there are seven bidders.
Marks 6
X=Number of Bidders Y=Winning Bid ($)
19 L(1000000)
19 (L+3)1000000
13 (L+4.7)1000000
20 (L+2.8)1000000
15 (L+2.7)1000000
20 (L+0.5)1000000
17 (L+3.3)1000000
21 (L+5.2)1000000
16 (L+0.5)1000000
16 (L+5.3)1000000
14 (L+3.0)1000000
17 (L+3.8)1000000
17 (L+4.4)1000000
17 (L+3.6)1000000
16 (L+3.1)1000000
Note: Where 5 <L<10
A multinational company produces three popular brands of detergents; Brand 1 and Brand 2 are
premium while Brand 3 is economy in quality. To make effective decisions in the future company
would like to test whether there is an association between the income level of the consumers and
choice of brand at 5% level of significance. You are hired for this task to sample Z consumers in
your town using random sampling procedure to cover the entire market using income as the basis
of selection. The categories that were used in classifying income level are: Lower, Middle and
High. (400<Z<600)
Income Brands Total
Brand1 Brand2 Brand3
Lower 200
Middle
Upper
Total 150 Z
Azam is taking a multiple choice online test in which each question has 4 choices. If Azam has no
knowledge of correct of any of the questions then he decided for a strategy in which he will place 4
slips (marked a, b, c, d ) in the packet. He randomly selects one slip for each question and replaces
the slips in the packet. The marking (a, b, c ,d) on the slip will determine his answer. And
probability for getting right answer is P. Also total questions in the exam are N. (0.2<P<0.5 and
20<N<55)
What is the chance that
(a) At least 15 questions are correct.
(b) Exactly 10 questions are correct.
(c) At most 6 questions are correct.
(d) 5 questions are incorrect.
FINAL EXAMINATION
Total Marks: 50
SEMESTER Spring 2005
Subject code – MTH 302 (Business Mathematics & Statistics) Duration:150mins
StudentID/LoginID
Name
PVC Name/Code
Date
Maximum Time Allowed: (2:30 Hours)
questions:

Question Q1 Q2 Q3 Q4 Q5 Total
Marks

a) Calculate present value of annuity with the terms below:
Money paid out of an insurance annuity at the end of every month = 1000;
Interest rate earned on the money paid out = 12%;
Years the money will be paid out = 12; use EXCEL function PV for calculations.
b) An order of power tools has a Rs. 2400 net price after a 35% trade discount, and then what is the list
price? Also find the single discount rate that is equivalent to the series 10%, 6%, 2%.

a) Calculate the (i) depreciation allowance for each year , and (ii) first day’s depreciation , using EXCEL
suitable EXCEL functions, for the following data:
Initial cost = 35000, salvage value= 700, lifetime = 12 years.
b) For data given below, find the slope and intercept of the regression line. Use suitable EXCEL
function.
Y X
35 36
33 32
31 34
30 31
34 32
32 32
36 35
For the data given below, calculate the moving average, actual- trend and seasonal variations. Also plot
the seasonal variations and trend values using EXCEL chart wizard.
Day Period Data

1 Morning 222
Afternoon 202
Evening 240
2 Morning 233
Afternoon 215
Evening 256
3 Morning 245
Afternoon 255
Evening 260

a) A fair coin is tossed four times. What is the probability of getting exactly two heads? Use suitable
EXCEL function for calculations.
b) Find the inverse of normal cumulative distribution when arithmetic mean is 45, standard deviation is
1.25 and the probability corresponding to the normal distribution is 0.65. Use EXCEL function
NORMINV for calculations.

a) If the number of Bernoulli trails is 9, the probability of success on each trail is 0.5 and criterion value
is 0.6. Then find the smallest value for which the cumulative distribution is greater than or equal to
criterion value using EXCEL function CRITBINOM.
b) What is the normal cumulative function when

Z-value =1.25
Use suitable EXCEL function for calculations.
WWW. vujannat.ning.com
Largest Online Community of VU Students
MIDTERM EXAMINATION Total Marks: 40

SEMESTER fall 2005
Duration:90mins
MTH302 –Business Mathematics & Statistics
StudentID/LoginID
Name
PVC Name/Code
Date 21st January, 2006
Maximum Time Allowed: (One& half hour)
questions:
d. Attempt all the questions on Excel sheet and use only one excel sheet to solve
all the questions. More then one sheets are not acceptable
**WARNING: Please note that Virtual University takes serious note of unfair
means. Anyone found involved in cheating will get an `F` grade in this course.

Question Q1 Q2 Q3 Q4 Total
Marks
Question No: 1 Marks 15

Short Questions:
Uses, suitable excel function, to complete these short questions.
i) Find the utility and provident fund, if the basic salary is 35000 (3.5)
ii) Find average using Excel Function of these values 51,27,9,17 (3.5)
⎛1 3 2⎞
⎜ ⎟
iii) Calculate the determinant of ⎜ 3 2 0⎟ (4)
⎜4 5 6⎟
⎝ ⎠
iv) Ali buy ice cream for 10 Rs, he wants to sell to his friend for 15 Rs, What is the markup in Rs?
(4)
If FC=4345Rs, VC=Rs 165, S=194, Capacity=410 units. What unit sale will generate NI of Rs. 2500? Note
that unit sold is 141.
Find multiplication of A & B and inverse of the matrix A, written below.
⎛2 0 1⎞ ⎛1 0 1⎞
⎜ ⎟ ⎜ ⎟
A = ⎜ 3 4 5⎟ , B = ⎜ 0 4 0⎟
⎜1 3 1⎟ ⎜2 1 3⎟
⎝ ⎠ ⎝ ⎠
Question No: 4 Marks : 5

The annual rate of interest is 9%. The period of the loan is 27 years. The present value is, 1150000
Rs. Calculate using CUMIPMT Excel function total interest paid in the second year of payments, for
periods 10 through 25.What is the interest paid in a single payment in the first month?
Connecting VU Students
MIDTERM EXAMINATION
FALL 2007 Marks: 45
MTH302 - BUSINESS MATHEMATICS & STATISTICS
(Session - 4 )
StudentID/LoginID:
Student Name:
Center Name/Code:
Exam Date: Friday, December 07, 2007
Please read the following instructions carefully before attempting the paper: Duration
: December 07, 2007 to December 08, 2007.

1- Take-home exams allow you to use notes, texts or resource materials while solving the paper.
Take-home exams test your ability to find and use information for problem solving and to deliver
well-structured and well-presented arguments and solutions.
2- The Students shall collect the question papers from their respective PVC’s\Exam
th
Centers after marking their attendance positively by 02:00pm on 7 December 2007.
They shall solve their papers at home during the given period of time. After solving their
papers they may go to VULMS page and click on MTH302 course, then click on the link
“Assignments” and upload the solution file of the Paper where the button of uploading
“Midterm Paper Fall 2007” is viewed or in case of any problem in uploading, they may
send their papers through email on the following address:
mth302@vu.edu.pk
th
They must submit their papers by 8 December 2007. No relaxation in the time for the
submission shall be given
3- Attempt all the questions on one Excel Worksheet (use only sheet 1) to solve all
the questions. More than one sheet is not acceptable. If you solve any question on
sheet2, sheet3 and so on, it will not be graded.
4- Solve the questions on excel worksheet in usual manner i.e. from upward to downward
not from left to right.
5- Variables (say x, y, and z) are given in the questions you can assign any value to variable
within the range mentioned in the questions.
(e.g. A man sells shirts of Rs x and he gets a profit of 10%. Then find the profit. (25000<x<30000)
Solution: Here we can take x as any value between 25000 to 30000.
Take x = 26000
Profit = 26000*10/100 = 2600 Rs Answer
Or
Take x = 26500
Profit = 26500*10/100 = 2650 Rs Answer )
6- Attempt all questions. Marks are written adjacent to each question.
7- Do not ask any questions about the contents of this examination from anyone.
If you think that there is something wrong with any of the questions, attempt it to the best
of your understanding.
If you think that some essential piece of information is missing, make an appropriate
assumption and use it to solve the problem.
8- Write all steps, missing steps may lead to deduction of marks.
9- The main restriction for Take Home Exams is that it must be your own work–you must
attempt it by yourself without any outside help. You can't copy chunks of text directly from
textbooks or notes. This counts as plagiarism.
10- If you do not solve paper on Excel Sheet, you will get a zero mark. So paper on Word
files or any format other than Excel will not be graded.
Anyone found involved in cheating shall get an `F` grade.

Question 1 2 3 4 Total
Marks
Things to remember
¾ Successive Discount is the discount which is calculated on the previously discounted value.
¾ Cash Discount is the discount offered by an agreement in favor of returning the credit in
time.
¾ In the marketing chain described in lectures, there are more than one person between the
manufacturer and the end user. Let us define this chain as
ManufacturerÆ DistributorÆ WholesalerÆ RetailerÆ Buyer
Suppose you are CEO of a manufacturing company of plastic canes, bottles, and boxes and being
CEO, you have to take all the decisions. Today, you have received an order of x units from one of
your regular clients. You have to consider operating expenses, Gross profit, and depreciation
allowance of the assets. (990<x<1010)
To carry out this order you buy raw material costing Z and by agreement after paying 20% in cash
if rest of the amount will be paid within 20 days of delivery, you will get 3% discount. If you delay
it you will be liable to pay 14% annual interest on the amount you were liable to pay. Suppose, the
whole product you sell as a retailer is making more net profit of 5% (more than expected) on sale
price. (1000000<Z<1200000)
Since, you as a manufacturer cannot directly approach to end user you have to follow marketing
chain described above.
Each identity in the marketing chain excluding you (Manufacturer) in the year2006, assigns the
mark up rates i.e. 6%,7%,8% by the distributor, wholesaler and retailer respectively on their cost.
This year, the default change in markup rates will be same as done by you (i.e. 10% explained
later). But each identity in marketing chain is also adding its own markup on its last year’s selling
price. Let this markup uniform for each as 2% i.e. a total of 12%.
Your product available in a large quantity at one of your outlets is troubling you as a Retailer. Then
you decide to carry out successive discounts with specific time intervals. During the first week, the
discount rate was 9% on the tag price. During the second week, it was 12% and then 18% in third
week.
a) Now separately assign each expense a certain percentage not exceeding 20%. Last year
average sale price of product was Y rupees per unit which could be 10 % more than this
year as markup due to the increased goodwill of your company. Calculate each expense on
the increased sale price. Find the sale price that you will offer as manufacturer. (65<Y<75)
b) If you deposit the amount you were liable to pay for raw material with net profit you earned
as Retailer into a saving account which pays 13% annual interest. Whether the amount
should be returned now or deposited for 10 years? Construct the data properly defining
each step then justify your answer logically.
c) Formulate the sale prices offered by each identity in marketing chain for the year 2006 and
2007.
d) Since you have obtained the list price as a Retailer find the sale price after successive
discounts weekly. If the rates are considered as series discounts, then find single discount
rate that is equivalent to the series. Also find the net price of the unit at that rate considering
the original retailer’s price.
Sub scenario
Being the owner of this manufacturing plant you have a complete hierarchy of employees
consisting of MD (Managing Director) 3 Supervisors and 21 skilled laborers. You can pay only
30% of the profit as salaries of your employees. The profit you earned is supposed to be Z. If the
gross salary of the skilled labor is x, which of supervisor is two times than that of laborer and that
of MD is three times than that of laborer. Calculate the Gross salary of each of the person working
at your plant. Formulate complete pay roll i.e allowances and benefits that you will offer.
(1000000<Z<1200000)

You took a loan of L and have to pay it off at 12% annual interest rate in payments of 12 years.
First, calculate the payment per period at the end of each period. Now when you pay it back with
interest in this manner, you will be paying a certain part of Principal amount as well as interest at
each payment. Here you are required to find interest and principal amount paid at each payment
period. Show it in columns and in the end find the cumulative interest and principal you paid. Keep
this thing in mind that the entity that gives you loan will take interest at the outstanding loan after
each period. (200000<L<210000)
Five diabetic patients in a hospital each require three kinds of insulin injections each day. The
st
amount of the 1 kind of insulin given to five patients is 10 units, 40 units, 30 units, 20 units and
nd
10 units respectively. The amount of the 2 kind of insulin given to five patients is 20 units, 20
rd
units, 10 units, 10 units and 10 units respectively. The amount of the 3 kind of insulin given to
five patients is 30 units, 5 units, 5 units, 20 units and 10 units respectively. If patient 1 plans to stay
x days, patient 2 stays 3x days, patient 3 stays 2x days, patient 4 stays x days, and patient 5 stays x
days. (5<x<11)
Find the matrix made by insulin of 5 patients and calculate its inverse if possible. How much of
each type of insulin must the medical staff have on hand?
MIDTERM EXAMINATION
Total Marks: 35
SEMESTER SPRING 2005
MTH302 – Business Mathematics & Statistics Duration:60mins
StudentID/LoginID
Name
PVC Name/Code
Date
Maximum Time Allowed: (1 Hour)
questions:
d. Attempt all the questions on Excel sheet and use only one excel sheet to solve
all the questions. More then one sheets are not acceptable

Question Q1 Q2 Q3 Q4 Q5 Q6 Total
Marks
The annual rate of interest is 13%. The period of the loan is 10 years. The present value is
200, 0000 Rs. Calculate using CUMPRINC Excel function total interest paid in the second
Year of payments, for periods 13 through 24.What is the principal paid in a single
payment in the first month?
The Cost is 100,000. The date of purchased is 19/06/1981 and the first period ended on 31/12/1981.Salvage
value is 300.Using actual Basis find first period depreciation with the help of AMORDEGRC EXCEL
FUNCTION if the depreciation rate is 15%.

Calculate IRR after 4 years, 5 years and 2 years. With a guess of10%:
Initial cost of a business -100,000

Net income for the first year 10,000
Net income for the second year 17,000
Net income for the third year 20,000
Net income for the fourth year 18,000
Net income for the fifth year 26,000
If FC =2000, S = 300, Capacity = 400 units, VC=160. Determine the BEP as % of capacity if FC is
Increased to Rs.4600 and VC reduced to 80% of S.
Fawad’s Appliances bought a Motor bike for Rs. 41,500.To make the desired profit; he needs a 60%
Markup on Cost. What is Fawad’s Rs. Markup? What is his Selling price?

6) Find multiplication and determinant of the two matrices written
Below
⎛2 0 1⎞ ⎛1 0 1⎞
⎜ ⎟ ⎜ ⎟
A = ⎜3 4 5⎟ , B = ⎜ 0 41 0 ⎟
⎜1 3 1⎟ ⎜0 1 1⎟
⎝ ⎠ ⎝ ⎠
http:// vujannat.ning com
MIDTERM EXAMINATION
SPRING 2007 Marks: 45
MTH302 - BUSINESS MATHEMATICS & STATISTICS Time: 90min
(Session - 1 )
StudentID/LoginID:
Student Name:
Center Name/Code:
Exam Date: Saturday, May 19, 2007
questions:
2. Do not ask any questions about the contents of this examination from
anyone.
a. If you think that there is something wrong with any of the questions,
attempt it to the best of your understanding.
b. If you believe that some essential piece of information is missing, make
an appropriate assumption and use it to solve the problem.
d. Attempt all the questions on Excel sheet and use only one excel sheet to
solve all the questions. More then one sheets are not acceptable

Question 1 2 3 4 5 Total
Marks

a) Ahmad is planning to invest Rs.30000 into an account which is paying 11.50% interest
compounded annually for 6 years and 6 months. Find the amount in the account of Ahmad after the
specified time period if he does not draw amount from the account during that period.
Marks 5
b) Ali takes the loan worth Rs 130000.It will be returned in 5 years by monthly payments, at the
end of each month. The annual interest rate is 5%.Find the cumulative interest paid on the loan in
the third year of payments i.e. payment period 25 to 36.Also finds what is the interest paid in a
single payment in the first month?
Marks 5
(a) If
⎛ 13 2 −6 ⎞ ⎛ 11 −12 6 ⎞
⎜ ⎟ ⎜ ⎟
⎜ −3 9 0 ⎟ ⎜ 9 −14 3 ⎟
⎜ 8 4 −1 ⎟ ⎜ −4 8 5⎟
⎝ ⎠ ⎝ ⎠
A= & B=
Then find out inverse of matrix A and product of matrix A and B. Also find out Determinant of
each matrix.
Marks=5
(b) Find the amount of an Annuity after 10 years whose periodic payment is Rs.16350 payable at
the end of each year. Also the interest rate is 12% compounded annually.
Marks=5
(a) Solve the Linear equations for both variables involved.

5X+9Y=20
6X-7Y=25
Marks=5
(b) Jamil deals in the business of headphones and he sells a headphone for Rs.250. Now to make
desired profit, he needs a 30% mark up on selling price. What is the cost of a headphone? Also find
out the Markup on a headphone.
Marks=5
(a) The original price of a machine was 250000 which marked down by 8%. Find the selling price
of the machine. Also if there is series discount of 20%, 15% and 5% then find the net price of the
machine while taking the original price of the machine as list price.
Marks 5
(b) Investments of Yasir, Adeel and Ahsan are 5000, 15000, 10000 respectively. Find the ratio
among their investments also find the share of each person if the profit at the end of the year is
given by 18000.
Marks 5
Calculate using DB function,

st
Depreciation in 1 year with 5 months calculated
nd
Depreciation in 2 year, with 6 months calculated
rd
th
By using the information given below,

Initial cost = 2000000
Salvage value = 10000
Life time = 7 years
MIDTERM EXAMINATION
(Session - 2 )
StudentID/LoginID:
Student Name:
Center Name/Code:
questions:
anyone.

Marks

a) David bought a Mercedes taking out a loan for 30,000$ to help pay for it. He must repay the
loan in equal monthly payments for 11 years with an annual interest rate of 6% what is his
monthly payment?
Marks 5
b) Find the simple interest on 6 months loan of Rs. 55,000 has an annual interest rate of 9%?
Marks 5
a) Multiply the following matrices (using excel formulation) .Also write under what condition
two matrices can be multiplied.
⎡2 3 1⎤ ⎡2 1 ⎤
⎢ ⎥ ⎢ ⎥
⎢3 − 5 1 ⎥ ⎢1 − 2 ⎥
⎢⎣3 1 4⎥⎦ ⎢⎣1 9 ⎥⎦
A= & B=
Marks 5
b) A company gives a series discounts of 15%, 8%& 5% on the product whose cost price is
650000 Rs. Find the net price. If another company gives a discount of 20% on same product .Find
out which company is selling the product at lower price?
Marks 5
a) The basic salary of a person working in a Company is 12,000 Rs. The house rent allowance is
45% of basic salary also conveyance allowance is 2.5% of basic pay. The person is a permanent
th
employee so will be given provident fund at the time of retirement. Hence a deduction of 1/11
part of salary is made every month. The employee also enjoys the facility of medical insurance
which is 5% of basic salary and social charges 5.8% of basic salary. Find the actual remuneration
of the person per month. Using Excel round your answer at each step up to 2 decimal places?
Marks 5
b) The Cost is 100,000. The date of purchased is 20/05/2000 and the first period ended on
31/04/2001.Salvage value is Rs 500.Using actual Basis find first period depreciation with the help
of AMORDEGRC EXCEL FUNCTION if the depreciation rate is 15%.
Marks 5
a) Calculate IRR after 4 years, 5 years and 2 years. With a guess of 10%:
Initial cost of a business -75000

Net income for the first year 25,000
Net income for the second year 35,000
Net income for the third year 56,000
Net income for the fourth year 43,000
Net income for the fifth year 62,000
Marks 5
b) Find the depreciation allowance for twelfth year if initial cost is Rs 55,000, Salvage value is
Rs. 7560 and years of useful life are 12 years.
Marks 5
a) The selling price of a product is Rs 200 per unit. Variable cost associated with producing and
selling the product is Rs 120. Assume that the fixed cost related to the product is 2,500 Rs. How
much units the firm should sell to break even.
b) If production capacity is 125 units per period, find BEP as percentage of capacity
Marks 5
MIDTERM EXAMINATION
(Session - 6 )
StudentID/LoginID:
Student Name:
Center Name/Code:
questions:
anyone.

Marks

a) After mixing with water the volume of milk increased from 15 litres to 19 litres. Find the
percent change
Marks 3
b) If possible then find AB & BA other wise give reason.
⎡9 ⎤
⎡3 7 5 ⎤ ⎢ ⎥
A=⎢ ⎥ , B = ⎢ 6⎥
⎣2 3 0⎦ ⎢⎣0⎥⎦
Marks 2
a) An organization signed a three years contract that provided for pay increases 5%, 7% & 4% in
successive years. An employee is currently earning 15000 per month. What will be the salary per
month at the end of the term of the contract?( Round your answer to 0 decimal places)
Marks 5
b) A departmental store sold a B-pair 3-piece suit at a 33.33% loss. The amount the owner of the
departmental store lost was 550 .What was selling price of a such suit. ( Round your answer to 0
decimal places)
Marks 5
a) In what time will Rs.3000 amount to 3646.50 at 5% compounded annually? ?( Round your
answer to 0 decimal places)
Marks 5
b) Find the Multiplicative inverse & Determinant of following matrices.(Use Excel Functions)
⎡1 0 ⎤ ⎡6 9⎤
A=⎢ ⎥,B=⎢ ⎥
⎣3 9⎦ ⎣2 3⎦
If not possible then give reason.
Marks 5
a) Three partners invested Rs.18000, Rs.16500 & 12500 respectively. If the third partner got
Rs.4625 as profit.
What was
1) The total profit.
nd
2) Profit of Ist & 2 partners.
Marks 5
b) Find First period depreciation:
if Cost = 25000
Date purchased = 07/04/2007.
End of the first period =09/06/2007
Salvage value =1750
Period = 1
Depreciation rate =15% (Use AMORLINC function)
Marks 5
a) Jamal electronics bought a ceiling fan for Rs.1500.To make the desired profit, they need a 17%
mark up on cost. What is their Mark up in Rs.?
Marks 5
b) Use FV function of Excel to find future value when you have to pay a specific amount in
number of payments is 42 at a rate of 2500 Rs per payment and annual interest rate is 15% and
payment is due at the beginning of period.
Marks 5
Oct. 7
MIDTERM EXAMINATION
Spring 2009
MTH302- Business Mathematics & Statistics
Time: 60 min
Marks: 40

A, B and C play cricket. A's runs are to B's runs and B's runs are to C's as 3:2. They
get altogether 342 runs.
How many runs did A make?
► 162
► 108
► 72
► 112

The price of a P4 computer was $12000 last year. What is the price of the computer for
this year if the price is decreased by 10%?
► $12000
► $12500
► $10800
► $9000

Four friends take an IQ test. Their scores are 96, 100, 106, 114. Which of the following
statements is true?
► The mean is 103.
► The mean is 104.
► The median is 100.
► The median is 106.

► 100
Oct. 7
► Same number
► 1000
► 10

The Virtual University of Pakistan is a growing distant learning university of
Pakistan. The number of students in the university is increasing each year. The
number of registered students in a course related to business math last year was
7113 and it is increased up to 9242 this year. What is the percentage increase in
the number of students?
► 23%
► 30%
► 18%
► 42%

If A and B are any two matrices of order m × n and p × q respectively and m>n
and p<q. What should be the condition on m, n, p, q for the product AB to hold?
► n>p
► m<=q
► q=p
► n=p

The price at which investors buy or sell a share of stock at a given time is referred
as
► Face value
► Market value
► Accumulated value
► Earning value

Gross salary is also called Net salary
► True
► False

Can we subtract a positive integer k from the identity matrix?
Oct. 7
► Yes
► No

Net price =
► List price +trade discount
► List price - trade discount

► List price /trade discount
► List price * trade discount

Division. Symbol: / is a type of
► Comparison operators
► Concatenation operator
► Reference operators
► Arithmetic operators

► 6350 Rs
6350 Rs
► 5508 Rs
5508 Rs
► 5585 Rs
► 4650 Rs

To convert a number in percent (%) from a fraction, we do which of the following
Oct. 7
operation:
► add by 100
► subtract by 100
► multiply by 100
► divide by 100
2×3 3×3
If A is the matrix of dimension and I is the identity matrix of dimension . Then
which of the following is true
► AI = I
► AI = A
►A+I=A
►A+I=I

If ratio of boys and girls in a class is 7: 5, which of the following can’t be the total number
of the students in the class?
► 36
► 50
► 60
► 120

SLN returns the straight-line depreciation of an asset for
► Zero period
► One period
► Two periods
Oct. 7
► Three periods

Assume you will work for the next 20 years and at the end of each year you will deposit
$20,000 into a savings account. At the end of that 20 year period you will start
withdrawing your retirement living expenses from that account at the beginning of every
year. This financial plan involves a problem while you are working and a
problem while you are in retirement.
► a present value of a dollar, future value of a dollar
► a future value of an annuity due, a present value of an annuity due
► a future value of an annuity due, a present value of an ordinary annuity
► a future value of an ordinary annuity, a present value of an annuity due
► a future value of an ordinary annuity, a present value of an ordinary annuity
1 2 1 
 
A = 2 1 2 
 3 1 3 2 2 3
B=
2 1 1

By multiplying the above two matrices we get the following result

5 
C= 8
 
9
►
9 
 
C = 7 
17 
►
9 
C=1
2 
17 
►
► Given matrices cannot be multiplied
vujannat.ning
Oct. 7

which of the following is linear equation
► 2x-3y=-6
► x+x+x
► 520x²y²
► y^2 -3=0

Given FC = Rs.5000 ,CM= Rs. 30 ,VC= Rs. 150 , Capacity = 320units then BEP in units =
►4500 units
►167 units
►33 units
►16 units

Find the Discount where price is 2000 and discount rate is 12%.

Calculate compound interest earned on Rs. 2250 invested at 8% per annum for 6 years
If the Basic salary of an employee is Rs 8000 and Allowances are Rs 4,000 . What are the
cost on account of 20 casual and 10 sick leaves per year if normal working days per month
are 26?

The price of medicine inventory is Rs. 500,000.
The series discounts are 20%, 10%, 5%.
What is the single equivalent discount rate?
st
if Invoice was dated May 1 and 10% discount is offered if invoice is paid up
th
to 10 May. What will be net payment for invoice value of Rs. 500,000 if paid
th
up to 10 May.
Oct. 7
Fall 2008
6!.......
► 720 (Correct)
► 620
► 420
► 520

► 6350 Rs
6350 Rs
► 5508 Rs
5508 Rs
► 5585 Rs
► 4650 Rs (Correct)

The value of x after solving the following linear equation is
-2x + 6 = 4x - 2
►0
►3
► 1/2
► 4/3
A = [1]
, then which statement is wrong about A?
Oct. 7
► A is a column matrix.
► A is a row matrix.
► A is an identity matrix.
► A is not a square matrix. (Correct)

 100 (Correct)
 Same number
 1000
 10

Sum of annuity is always
► Present value
► Future value (Correct)
► Net present value
► Current value

If the principal P is 900 rupees, time period is 6 years and rate is 12% then the simple
interest will be
► 648 (Correct)
► 658
► 668
► 678

In the equation Y = a + b X the formula to calculate b is
n∑ xy − ∑ x ∑
b= yn x2 −(
2
∑ ∑
x)
►
Oct. 7
n∑ xy − ∑ x ∑ y
b=
∑x 2
− (∑ x)2
►
n∑ xy − ∑ x ∑
b= yn x2 −(
∑ ∑
x)
►
∑ xy − ∑ x ∑
b= yn x2 −(
2
∑ ∑
x)
►

P(A and B) = P(A) x P(B)
What does this formula represent?

► (a) The events A and B are Dependent. (Correct)
► (b) The events A and B are Exclusive.
► (c) The events A and B are Independent.
► (d) Both (a) and (b)
The moving averages represent ------------------
► Time series variations

► Co-efficien0074 of variations
► Statistical Dispersion
► Absolute deviation
Two dice are rolled and the numbers are added together. The probability of the total
being 12 is
► True
► False (Correct)

Oct. 7
6!
0!(6 − 6)!
Evaluate
►0
► 10
► 120
► 720 (Correct)
Which of the following terms is a measure of the central tendency?
► Standard Deviation
► Variance
► Average
► None of these (Correct)

How many arrangements can be made of the letter BUSINESS
► 6723
► 6725
► 6720
► 6721

► 15624
► 16384
► 6144
► 240

In an exponential smoothing model, the weighting factor w is a number that falls
between and .
► 0; 1
► -1; 1
Oct. 7
► -1; 0
► 4; 4
► -2; 2

In a positively skewed distribution
► The mean, median, and mode are all equal.
► The mean is larger than the median (Correct)
► The median is larger than the mean.
► The standard deviation must be larger than the mean or the median.

For what purpose is the method of least squares used on time-series data?
► It is used for eliminating irregular movements
► It is used for obtaining the trend equation.
► It is used for deseasonalizing the data.
► It is used for exponentially smoothing a series.

All of the following are assumptions of the error terms in the simple linear regression
model except
► normality
► error terms with a mean of zero
► constant variance
► variance of one

Which one of the following statements is not true?
► Correlation shows a degree of association between two variables.
► You can make any predictions with results of correlation.
► Correlation helps proceed further with regression analysis.
► You can make Predictions on the base of regression equations.

Oct. 7
Define frequency with example.
Answer:
The number of times a certain value or class of values occur.

Define Type-I error.
Answer:
Statistical probability in hypothesis testing that the test sample supports a conclusion that
a value is misstated when, in fact, the value is correctly stated. Defined also as an
incorrect decision to reject something that should have been accepted, it is the mirror
image of type 2 error. If the level of significance (called alpha level) for a test result is set
too high, the possibility of type 1 error is reduced but the possibility of type 2 error is
raised by the same factor, and vice versa. Also called alpha error or alpha risk.

A coin can be tossed in 3 ways. A die can be thrown in 6 ways. A coin and a die together can be
thrown in 18………….ways.

Determine two variable X and Y are correlated or uncorrelated by using the following table
X 0 4
Y 2 2

Show that X and Y are uncorrelated by using the following table
X 2 4
Y 3 3
Answer:
It returns the probability that there will be number_f failures before the number_s-th success, when the
constant probability of a success is probability_s. This function is similar to the binomial distribution, except
that the number of successes is fixed, and the number of trials is variable. Like the binomial, trials are
assumed independent.
Oct. 7

What will be the
∑ ( X − X ) (Y − Y
=5.
)

On a final examination in mathematics the mean was 72 and the standard deviation was
15. Determine the standard scores of students receiving marks
(a) 60, (b) 93, (c) 72

a) Write all the combinations of abcd taken 1 at a time.
Answer : 4!/1!(4-1)! = 4
b) Write their combinations taken 2 at a time.
Answer : 4!/2!(4-2)! = 4.3.2/2.2 = 6
c) Write their combinations taken 3 at a time.
Answer : 4!/3!(4-3)! = 4.3.2/3.2 = 6
d) Write their combinations taken 4 at a time.
Answer : 4!/4!(4-4)! = 1

Find the standard deviation and variance for 10 randomly selected data values :
44, 50, 38, 96, 42, 47, 40, 39, 46, 50 .
Answer:
Standard Deviation = 19.99136

13, 18, 13, 14, 13, 16, 14, 21, 13
Answer:
Mean = 15
(N=9) Median =
14
Mode = 13
Range = 13
Oct. 7
Visit For Video Lectures ,bpri el va ilo. uz sa haseseigmm@nyetash,oPoap. cerosm,Chat,

Study discussions and many more.
Oct. 7
MIDTERM EXAMINATION
Spring 2009
Time: 60 min

2+
3x 5x – 7 is --------------- expression.
► Monomial
► Binomial
► Trinomial
► Linear

Given Old Sale price = $1.95 , Markdown rate =13.6% ,then $Mark down will be
► $ 0.27
► $ 0.72
► $ 0.66
► $ 0.92

You purchase equipment for $42,000, minus trade discount of 30% ,20% ,15%. Trade
discount will be
► $19,992
► $22,008
► $23,520
► $29,400

The net price of a computer table is 2500 and list price 3000. The trade discount will
be

Oct. 7
► 13%
► 17%
► 21%
► 25%

What result will I get when press enter in cell D9?
► 75
► B5+C5+D5+E5+F5
► Error
► Cannot be determine

Given a matrix A and B such that

Oct. 7
−3 − 2  − 5
0
A= ,B=
9 2 9 8

A-3B will be equal to
−3 13 
 − 22
 −18
► 
3 − 3
 −6
► 0 
 −3 3 
 − 6
► 
18
−3 3
 
► 18 0

If x% of a number is y, then the number is
x
y×
100
►
100
x×
y
►
100
y×
x
►
100
xy ×
100
►

► 6350 Rs
6350 Rs
► 5508 Rs
5508 Rs
Oct. 7
► 5585 Rs
► 4650 Rs

All formula in Excel start with
►+
►=
►-
►%
The break even point is a point when ----------------------

► Revenue is greater than cost.
► Revenue is less than cost.
► Revenue is exactly equal to cost.
► None of the above.
The cost price of certain item is Rs 50 and its selling price is Rs 80. What is the markup
percentage?
► 50%
► 60%
► 70%
► 80%

Oct. 7
The answer of the above formula is #VALUE!. The reason of this answer is
► Inverse of the matrix does not exist.

► It has one blank cell.
► Number of rows and columns are equal.
► The keys CTRL+SHIFT+ENTER were not pressed simultaneously.

If I is an identity matrix then it must also be a
► rectangular matrix
► row matrix
► column matrix
► scalar matrix

Order of a Matrix =
► Number of Columns xNumber of Rows
► Number of Rows / Number of Columns
► Number of Rows x Number of Columns
► None of these

According to the local laws, the allowances are considered tax free if they are up to

Oct. 7
► half of the basic salary

► one fourth of the basic salary
► one third of the basic salary
► 55% of the basic salary

The Basic salary of an employee is Rs 7,000 and the allowances are Rs 3000. Then the social
charges will be ------------------------------------.
► Rs 2030
► Rs 2900
► Rs 2500
► Rs 2150

Every percentage can be converted into:
► Decimal
► Ratio
► Proportion
► Both decimal & ratio

Sum of annuity is an accumulated amount of:
► Original payments and discount
► Original payments and interest

► Interest and the payment yet not paid
► Compound interest

The margin is the difference between the selling price and the .
► Profit
► Revenue
► Cost
► tax

If the basic salary is Rs 6500 and the social charges are Rs 1820, what percentage of basic
salary are the social charges?
► 27 %

Oct. 7
► 28 %
► 29 %
► 30 %

Find the average of given Data: 10, 17, 19, 27, 22
The price of an item was Rs. 1500 and increased by 15%. What is the new price?

The average marks of 10 students in mathematics are 45. Suppose two of them are
excluded from the list. If both have the same marks, what will be the marks of each
excluded student, if average marks of the remaining 8 students are 40?

It is advised by the exam department of an institute to the assistant to develop a
structure of marks obtained by three students in three different subjects for very quick
view & analysis with the following instructions to be followed strictly as;
1) marks obtained by EACH student in EVERY subject
2) marks in EACH subject be obtained by EVERY student.
Also describe & justify the optimality of the structure. If such model is possible then
suggest its further extension for numerous numbers of students.

Connecting VU
Students
1
MTH302 - BUSINESS METHAMATICS & STATISTICS Time: 150min
(Session - 2 )
StudentID/LoginID:
Student Name:
Center Name/Code:
Exam Date: Saturday, August 26, 2006
Please read the following instructions carefully before attempting any

of the questions:
2. Do not ask any questions about the contents of this examination
from anyone.
a. If you think that there is something wrong with any of the
questions, attempt it to the best of your understanding.
b. If you believe that some essential piece of information is
missing, make an appropriate assumption and use it to solve
the problem.
d. You have to solve the questions on Excel sheet and don’t use
more then
one Excel sheets to solve all the questions.
e. Solve the questions on excel sheet in usual manner i.e. from
upward to downward not from left to right.
**WARNING: Please note that Virtual University takes serious note of
unfair means. Anyone found involved in cheating will get an `F` grade in this
course.

Marks
Connecting VU
Students
2
a) Use EXCEL function NPV to find the net present value of an investment, when
annual discount rate is 12%, initial cost of investment one year from today is
50,000. Return from first year is Rs. 5000; Return from second year is 7500;
Return from third year is 10,000.
b) Determine whether by using EXCEL functions A * B = B * A by the following

Matrices.
⎛1 2 5⎞ ⎛ 2 −1 3 ⎞
⎜ ⎟ ⎜ ⎟
⎜ −1 1 0 ⎟ ⎜ 1 0 5⎟
⎜2 3 1⎟ ⎜ 0 −2 1 ⎟
⎝ ⎠ ⎝ ⎠
A= B=
For the distribution, calculate the Mean, The Mean Deviation from Mean, Median, And the
Mean deviation from the Median.
X f
1 2
2 8
3 24
4 52
5 31
6 11
a) Find the Standard deviation for the following grouped data using EXCEL function.
Marks Frequency
30-34 3
35-39 6
40-44 8
45-49 15
50-54 19
55-59 9
60-64 4
b) A committee of 4 must be chosen from 3 women and 4 men. Calculate.

Connecting VU
Students
3
i. In how many ways the committee cab be chosen.
ii.In how many ways 2 men and 2 women can be chosen.
a) Find the Covariance and Coefficient of correlation for the data given below using
EXCEL functions
X Y
57 71
62 70
60 66
57 70
th th
b) Find 30 and 70 percentile from the given data.
59, 58, 57, 56, 55, 54, 53, 52, 51, 50, 49, 48, 47
a) In a college 40% students are girls. How likely is that a random sample of 200
students contains 40 or more girls?
b) Calculate the cumulative Poisson probability with the following terms.

Number of events = 15, expected mean = 20

Mth302 Collection of Old Papers

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Mth302 Collection of Old Papers

Uploaded by

Copyright:

Available Formats

Created By: vujannat.

Question No: 1 ( Marks: 1 ) - Please choose one

The value of c2 is always ------------------

Question No: 3 ( Marks: 1 ) - Please choose one

Question No: 4 ( Marks: 1 ) - Please choose one

► Old forecast + proportion of error..

► Old forecast * proportion of error 

► Old forecast / proportion of error 

Question No: 5 ( Marks: 1 ) - Please choose one

Question No: 6 ( Marks: 1 ) - Please choose one

Question No: 7 ( Marks: 1 ) - Please choose one

Question No: 8 ( Marks: 1 ) - Please choose one

Question No: 9 ( Marks: 1 ) - Please choose one

Question No: 10 ( Marks: 1 ) - Please choose one

Question No: 11 ( Marks: 1 ) - Please choose one

► The correlation is −.5.

Question No: 12 ( Marks: 1 ) - Please choose one

Question No: 13 ( Marks: 1 ) - Please choose one

Question No: 14 ( Marks: 1 ) - Please choose one

Question No: 15 ( Marks: 1 ) - Please choose one

Question No: 16 ( Marks: 1 ) - Please choose one

Question No: 17 ( Marks: 1 ) - Please choose one

► Discard highest and lowest values

► 4 qtr. Moving total

Question No: 18 ( Marks: 1 ) - Please choose one

Question No: 19 ( Marks: 1 ) - Please choose one

Question No: 20 ( Marks: 1 ) - Please choose one

Question No: 21 ( Marks: 2 )

Question No: 22 ( Marks: 2 )

Question No: 23 ( Marks: 2 )

Question No: 24 ( Marks: 3 )

Explain negative binomial distribution.

Question No: 25 ( Marks: 3 )

Question No: 26 ( Marks: 3 )

Question No: 27 ( Marks: 5 )

Question No: 28 ( Marks: 5 )

Question No: 29 ( Marks: 5 )

Question No: 30 ( Marks: 10 )

Question No: 31 ( Marks: 10 )

Question No: 1 ( Marks: 1 ) - Please choose one

Question No: 2 ( Marks: 1 ) - Please choose one

Question No: 3 ( Marks: 1 ) - Please choose one

Question No: 4 ( Marks: 1 ) - Please choose one

Question No: 5 ( Marks: 1 ) - Please choose one

Question No: 6 ( Marks: 1 ) - Please choose one

► Future value (Correct)

► Net present value

Question No: 7 ( Marks: 1 ) - Please choose one

Question No: 8 ( Marks: 1 ) - Please choose one

Question No: 9 ( Marks: 1 ) - Please choose one

What does this formula represent?

Question No: 10 ( Marks: 1 ) - Please choose one

The moving averages represent ------------------

► Time series variations

Question No: 11 ( Marks: 1 ) - Please choose one

Question No: 12 ( Marks: 1 ) - Please choose one

Question No: 13 ( Marks: 1 ) - Please choose one

► None of these (Correct)

Question No: 14 ( Marks: 1 ) - Please choose one

Question No: 15 ( Marks: 1 ) - Please choose one

Question No: 16 ( Marks: 1 ) - Please choose one

Question No: 17 ( Marks: 1 ) - Please choose one

► The mean is larger than the median (Correct)

Question No: 18 ( Marks: 1 ) - Please choose one