Np MaC vt 1998

This material is confidential until the end of August 1999.

Directions

Test period Test time Resources Test material

Weeks 5-23 1998. According to decision at the school, but at least 120 minutes. According to local decision at the school. The material should be handed in together with your solutions. Write your name, the name of your education programme / adult education, and your date of birth on all the sheets you hand in.

The test

The open-solutions part consists of two problems, of which you should choose only one. The questions in the problem may be of such kind that you have to decide on the possible interpretations. You should present the assumptions which form the basis for your computations and conclusions. Even a partial solution may be a basis for the teachers evaluation of your work. A description of what the teacher may consider when evaluating your work is attached to the problem. If anything is unclear, ask your teacher.

Working methods

Your teacher will inform you about the working methods concerning the Open-Solutions part of the test.

Np MaC vt 1998

1. A STATISTICAL SURVEY

Authorities, organisations and companies often want to find out about the opinions of different groups in society. The opinions and values of the public, the members or the customers are mapped out in different kinds of statistical surveys. TV, radio and newspapers show great interest in the result of opinion polls, market analyses and consumer surveys. Choose an issue that is of interest to you. State which population the issue refers to. Plan, carry out, analyse and report a statistical sample random survey, where the aim is to give answer to the chosen issue If you need inspiration for issues, please read the attached newspaper quotations.

When evaluating your work, the teacher will consider the following: what knowledge you show of how to plan, carry out, analyse and report a statistical sample random survey how you comment and evaluate your method and the result of your survey how you report your survey

Np MaC vt 1998

Np MaC vt 1998

2. ETHICAL SAVING
For anyone interested in long-term money saving and at the same time help people in need there are several possibilities. You are going to compare two of them.

1)

Each year, you deposit equal amounts of money into a bank account. Your saved capital grows since the money yields interest. You must also give money to a relief organisation, and you decide by yourself how much and when you give away the money. The tax on bank savings is 30% of the annual interest and it is taken from your capital at the end of each year. Each year, you deposit equal amounts of money into a so-called ethical unit trust. The value of the savings in a unit trust depends on the growth of the shares. At the end of each year, 2% of your money in the ethical unit trust is given to the relief organisation that you have chosen. No tax is paid on the money you give to the relief organisation. The tax is not paid until you withdraw money from the unit trust. The tax is then 30% on the appreciation. (The appreciation is the difference between the value of the capital at the withdrawal and the value of the whole capital deposited.)

2)

Np MaC vt 1998

For both ways of saving, you can assume that the percentage appreciation is equally large for each year during the time for the saving. For the ethical unit trust, this is true for the appreciation before the money is given to the relief organisation. You may use the table below as a help when evaluating what may be reasonable appreciation for each way of saving.
Table: Appreciation of saved capital on a bank account and in an ethical unit trust during the 1990s. For the ethical unit trust this is true for the appreciation before the money is given to the relief organisation.

Appreciation in % 1991 11 6 1992 10 41 1993 7 64 1994 6 9 1995 7 17 1996 4 39

Bank account Ethical unit trust

Compare the amount you can save up with each way of saving. Do also compare how much money any relief organisation receives from you. You do not have to consider the taxes in your comparison. Make another comparison where you consider the taxes too.

When evaluating your work, the teacher will consider the following: how clear and complete your presentation is how you justify your assumptions and comment your results if you carry out your calculations correctly what mathematical knowledge you present