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Business Statistics L2 Past Paper Series 4 2011_025

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You are on page 1of 9

BUSINESS STATISTICS

Level 2

Friday 11 November

Subject Code: 2009

Write your answers in blue or black ink/ballpoint. You can only use pencil for graphs, charts,

diagrams, etc.

All answers must be correctly numbered but need not be in numerical order.

You may use a calculator provided the calculator gives no printout, has no word display facilities,

is silent and cordless. The provision of batteries and their condition is your responsibility.

2009/4/11

Page 1 of 9

ASE2009 4 11 1

QUESTION 1

A car manufacturer, Manufacturer S, wishes to compare the age profile of the buyers of its medium size

saloon with that of the buyers of all medium size saloons.

The table shows the age profile for Manufacturer S, of the buyers of its medium size saloon car.

Manufacturer S

Medium size

saloon car buyers

Age Group

%

6

9

23

34

15

13

25 and less than 35

35 and less than 45

45 and less than 55

55 and less than 65

65 and less than 75

(a)

(b)

(6 marks)

(i)

(ii)

the quartile deviation.

(5 marks)

(c)

(d)

(5 marks)

(4 marks)

For all buyers of medium size saloon cars the estimated mean age is 44.5 years with a standard

deviation of 12.9 years.

(e)

(i)

(ii)

all medium size saloon cars.

(5 marks)

(Total 25 marks)

2009/4/11

Page 2 of 9

QUESTION 2

An importer of consumer goods from China needs staff to work overtime when a new shipment arrives.

Its records show the following relationship between overtime hours worked and the wage bill.

Overtime

hours

320

470

140

390

280

410

520

(a)

Wage bill

00

136

142

126

138

134

142

146

(3 marks)

Calculate the equation of the least squares regression line in the form y = a + bx for Wage

bill on Overtime hours worked.

(11 marks)

(c)

Explain in context what a and b represent in the regression equation found in part (b).

(4 marks)

(d)

Estimate the wage bill when 390 overtime hours are worked.

(3 marks)

The coefficient of correlation for the data in this question is 0.987

(b)

(e)

(f)

(2 marks)

(2 marks)

(Total 25 marks)

2009/4/11

Page 3 of 9

QUESTION 3

A production line for a food processing company has a number of identical machines. A record of the

maintenance costs of a random sample of 9 machines in the years 2009 and 2010 are shown in the table

below.

Machine

Maintenance

Cost 00 2009

Maintenance

Cost 00 2010

25

36

22

29

34

65

48

12

19

28

34

27

33

37

60

42

18

22

(a)

Calculate the change in maintenance costs (00) for each machine in 2010 compared with 2009

and calculate the arithmetic mean of the change in the maintenance costs (00).

(5 marks)

(b)

Calculate the standard deviation of the increase in the maintenance costs between 2009

and 2010.

(c)

Give one reason why the maintenance costs of the machines may differ.

(4 marks)

(2 marks)

(d)

If you wished to reduce the maintenance costs, which 3 machines would you replace first?

Explain your choice.

(2 marks)

It was discovered that a clerical error resulted in the maintenance costs for machines C and G being over

recorded by 500 for each machine in 2009

(e)

Calculate the effect this will have on the mean change in maintenance costs between 2009

and 2010.

(3 marks)

The following table shows the annual costs of materials and labour for the company from 2007 to 2010

Year end Dec. 2007

Year end Dec. 2008

Year end Dec. 2009

Year end Dec. 2010

(f)

450

570

390

420

170

190

220

245

Give 2 comments on the differences in the costs shown in the chart.

(9 marks)

(Total 25 marks)

2009/4/11

Page 4 of 9

QUESTION 4

The quarterly sales for 3 years of a small building business were recorded as shown below.

Year

2008

2009

2010

(a)

Quarter 1

136

141

148

(000)

Quarter 2

Quarter 3

204

310

225

340

238

356

Quarter 4

164

170

178

(3 marks)

(b)

Using the method of moving averages find the centred trend values

(6 marks)

(c)

(4 marks)

(d)

Use the results for quarter 2 to explain what the average seasonal variation shows.

(2 marks)

An analysis of a competing building firms work shows the number of jobs completed in various

categories as follows:

Type of Job

Private housing

Public housing

Commercial buildings

(e)

Value of Job

Less than

More than

10000

10000

30

40

50

10

20

50

The builder wishes to sample his customers to discover how satisfied they are with the work he

has completed.

(i)

If a sample fraction of 20% is used, how large would the sample be in this case?

(4 marks)

(ii)

If a stratified sampling method is used with a sample fraction of 20%, how many jobs would

be selected from the category, Public housing and More than 10,000?

(2 marks)

(iii)

Give one advantage and one disadvantage of stratified random sampling compared with

other sampling methods.

(4 marks)

(Total 25 marks)

2009/4/11

Page 5 of 9

QUESTION 5

The table shows the amount of sick leave recorded (in days) for a sample of 500 employees selected

from three sectors of the UK economy in 2010.

Sector of the Economy

Public Sector

Sick Leave Taken

Domestic Owned

Private

Foreign Owned

Private

leave

5 days and less than 10

days sick leave

35

45

20

95

102

35

leave

70

53

45

(a)

What is the probability that an employee chosen at random from the sample

(i)

(ii)

(iii)

takes less than 5 days sick leave and is from the Foreign Owned Private sector?

(9 marks)

(b)

(c)

(d)

If a person has taken 10 days or more sick leave, what is the probability that they were employed

in the Domestic Owned Private sector?

(4 marks)

Draw a percentage component bar chart showing the amount of sick leave taken by the sample of

employees in the Domestic Owned Private and the Foreign Owned Private sectors of the

economy.

(8 marks)

Comment on two significant features of the chart

(4 marks)

(Total 25 marks)

2009/4/11

Page 6 of 9

QUESTION 6

(a)

Give one example of how primary data can be collected. State one advantage and one

disadvantage of collecting

primary data.

(5 marks)

(b)

Give one example of how secondary data can be collected. State one advantage and one

disadvantage of collecting secondary data.

(5 marks)

(c)

Suggest four factors which need to be taken into consideration when constructing a general index

of consumer prices.

(8 marks)

The following table shows the annual gross national income for the UK for the years 2003 to 2009.

(d)

Year

(Billion)

2003

2004

2005

2006

2007

2008

2009

1155

1220

1275

1336

1423

1472

1423

the base year (2005 = 100).

(5 marks)

(e)

Calculate the percentage increase in Gross National Income at Market Prices from 2006 to 2009.

(2 marks)

(Total 25 marks)

2009/4/11

Page 7 of 9

2009/4/11

Page 8 of 9

LEVEL 2

2009/4/11

Page 9 of 9

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