Assignment Assessment Report

Campus:
Level:
Module Name:
Students Name:
e-mail id & Mob No
Stream

MUMBAI
ACL-I
Business Maths
Mihir Joshi
Mihir_j@hotmail.com
Business

Year/semester
Assignment Type
Assessors Name
Reqd Submission Date
Actual Submission Date
Submitted to :

1st
Assignment-A
09-01-2012
09-01-2012

Certificate by the Student:

Plagiarism is a serious College offence.
I certify that this is my own work. I have referenced all relevant materials.

Expected Outcomes

Clarity
Analytical ThinkingResearch DoneFormatting &
Presentation1. Clarity
2. Analytical Thinking

Grades
P
M
D

Mihir Joshi
(Students Name/Signatures)

Assessment Criteria

Grade
based on
D,M,P,R
system
General Parameters
Clear understanding of the
concept
Ability to analyze the problem
realistically
Research carried out to solve
the problem
Concise& clear thinking along
with presentation
Subject Specific Parameters
Clarity of concepts for their
practical applications
Analytical analysis of
problems for obtaining
optimal solution.

Achieved Yes/No (Y /
N)

Grade Descriptors
A Pass grade is achieved by meeting all the requirements defined.
Identify & apply strategies/techniques to find appropriate solutions
Demonstrate convergent, lateral and creative thinking.

Assignment Grading Summary (To be filled by the Assessor)

OVERALL ASSESSMENT GRADE:
TUTORS COMMENTS ON
ASSIGNMENT:
SUGGESTED MAKE UP PLAN
(applicable in case the student is asked
to re-do the assignment)
REVISED ASSESSMENT GRADE
TUTORS COMMENT ON REVISED
WORK (IF ANY)
Date:

Feedback

Assessors Name / Signatures:

WIGAN & LEIGH COLLEGE

ASSIGNMENT A
BUSINESS MATHS
Q1.

Calculate the value of Mean, Median and Mode for the following data:

Marks
Frequency

0-10
2

10-20
4

20-30
8

30-40
12

40-50
10

50-60
6

60-70
4

70-80
2

SOLUTION:

Class Intervals

Frequency (f)

Mid-Points (x)

fx

0-10
10-20
20-30
30-40
40-50
50-60
60-70
70-80

2
4
8
12
10
6
4
2
f = 48

5
15
25
35
45
55
65
75

10
60
200
420
450
330
260
150
fx = 1880

ARTHEMATIC MEAN:

fx 1880

39.16
N
48

MEDIAN:

N 48

24th observation
2
2

L1 30
L2 40
f 26
cf 14

N
cf
Median L1 ( L2 L1 )[ 2
]
f
24 14
30 (40 30 )[
]
26
30 10[1.46 ]
44 .60

Lies in 30-40 class interval

Cumulative
Frequency
2
6
14
26
36
42
46
48

MODE:
Modal class is 30-40
Hence

L1 30
L2 40
f 26
d1 26 14 12
d 2 26 36 10

Mode L1 ( L2 L1 )

d1
d1 d 2

12
12 10
30 10(6) 30 60
30 (40 30)
90

Q2.

An investigation into the demand for television in 10 towns has resulted in the following data:

Town

Population (in lakhs)

10

11

13

15

18

21

25

27

30

32

No of TV Sets
15 27 29 34 38 42 46 51 53
56
Demanded
+
Calculate the coefficient of correlation using Karl Pearsons Method. Comment on the result obtained.
SOLUTION:

Town
A
B
C
D
E
F
G
H
I
J

Population
(X)
10
11
13
15
18
21
25
27
30
32

XX

x2

Y Y

y2

XY

-10.2
-9.2
-7.2
-5.2
-2.2
0.8
4.8
6.8
9.8
11.8

104.04
84.64
51.84
27.02
4.84
0.64
23.04
46.24
96.04
139.24

15
27
29
34
38
42
46
51
53
56

-24.1
-12.1
-10.1
-5.1
-1.1
2.9
6.9
11.9
13.9
16.9

580.81
146.41
102.01
26.01
1.21
8.41
47.61
141.61
193.21
285.61

150
297
377
510
684
882
1150
1377
1590
1792

X = 202

x = 0

x = 577.58

Y = 391

y = 0

y = 1532.9

X
N

202
20 .2
10

xy
x * y
2

8809
577 .58 *1532 .9

Y
N

391
39 .1
10

8809
9.36
940 .94

XY = 8809

Q3. The following data gives the total expenditure (in lakhs) incurred by a certain NGO during the
respective years:
Year

1997

Expenditure

11.5

I
II

1998

1999

2000

2001

2002

2003

2004

12.0

12.5

13.4

14.6

15.9

17.5

11.8

What would be the expenditure for the Year 2007.

What was the expenditure incurred in the first year of operations, if the NGO started in Year 1996?

SOLUTION:

Let us consider years 1997, 1998, 1999 ...2004 as 1, 2, 3.8.

X

X2

XY

1
2
3
4
5
6
7
8

11.5
11.8
12.0
12.5
13.4
14.6
15.9
17.5

1
4
9
16
25
36
49
64

11.5
23.6
36.0
16.5
67.0
87.6
111.3
140.0

X 28

Y 109.2

XY 493.5

204

Now we have 2 equations:

Y na b X

109.2 8 * a 28b

XY a X b X

493.5 28 * a 204 * b

Solving the 2 equations, we get

28( 109.2 8 * a 28b ) - 8(

3057.6 224a 784b

3948 224a 1632b

493.5 28 * a 204 * b )
890.4 848b

b 1.05

Substituting the value of b in equation1, we get

109.2 8a 28 *1.05

109.2 29.4
9.975
8

NOW,

y 9.975 1.05x
So For year 2007, x = 11
For Year 1996, x = 0

y = 9.975 + 1.05*11 = 21.53

y = 9.975 + 1.05*0 = 9.975

EXPENDITURE
25

20

15
EXPENDITURE
10

0
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Q4. Draw the frequency table for the following data with class interval 50-55, 55-60, etc and calculate the
value of Median Graphically.
50 52 56 58 59 62 58 64 58 52
54 69 68 67 68 65 55 68 64 55
66 68 59 58 68 59 68 59 58 56
50 52 56 58 59 62 58 64 58 52
54 69 68 67 68 59 58 56 50 52
56 58 66 68 59 58 68 59 68 59
Verify the value obtained graphically with the calculated value of Median.
SOLUTION:
Class Interval (X)

Mid-Points (X)

Frequency (F)

50-55
55-60
60-65
65-70

52.5
57.5
62.5
67.5

10
27
5
18
F = N = 60

Cumulative
Frequency (cf)
[Less than]
10
37
42
60

Cumulative
Frequency (cf)
[More than]
60
50
23
18

MEDIAN:

L1 55
M

N 60

30th observation
2
2

Lies in 55-60 class interval

L2 60
f 37
cf 10

70
60
50
40

Cumulative Frequency (cf)

[Less than]

30

Cumulative Frequency (cf)

[More than]

20
10
0
52.5

57.5

62.5

67.5

N
cf
2
Median L1 ( L2 L1 )[
]
f

55 (60 55 )[
55 5[1.08 ]
60 .4

30 10
]
37

Q5.

For 50 students in a class the following data is obtained:

Boys
Girls
Numbers
26
24
Mean
34.5
38.4
Standard Deviation
4.2
3.5
a.
Find the value of combined mean for the class.
b.
What will be combined standard deviation for the class?

SOLUTION:

n1 26
n2 24
x1 34.5
x 2 38.4

1 4.2
2 3.5
Combined Mean for the Class is as follows:

x12

n1 x1 n 2 x 2
n1 n 2

x12

(26 * 34 .5) (24 * 38 .4)

(26 24 )

x12

(897) (921.6)
36.37
50

Combined SD for the class is as follows:

12

n1 ( 1 d1 ) n2 ( 2 d 2 )
n1 n2
2

d1 x1 x12 34 .5 36 .37 1.87

d 2 x2 x12 38 .4 36 .37 2.03

 12

26(4.22 (1.87) 2 ) 24(3.52 2.032 )

26 24

12

26 (17 .64 3.49 ) 24 (12 .25 4.12 )

50

12

549 .38 392 .88

50

942 .26
4.34
50