GARDEN CITY UNIVERSITY COLLEGE, KUMASI.

SCHOOL OF BUSINESS STUDIES

End of Semester Examination, 2013

First Year
Semester One

MTH 101: QUANTITATIVE TECHNIQUES

January, 2014 TWO AND HALF HOURS

INDEX NUMBER:--------------------------------- PROGRAMME:--------------------------------

Instructions:

Attempt only seven questions.

1. Solve each of the following linear equations below.

 x  2x  5 1
(a) 2  3    
 4 3 3

3w  1 7w  2
(b) 1 
5 3

10 y 1 2 y  2
(c)  
9 3 9

2. Use the Method of Substitution to solve the problems below.

8 x  y  20
(a)
3x  4 y  7

x  3y  9
(b)
2 x  6 x  18

3. Solve the following using the Method of Elimination

 5 x  10 y  15
(a)
x  2y  3

7x  6 y  8
(b)
2x  3y  1

4. (a) Solve the system using Cramer’s rule.

3 x  7 y  2 z  6
2x  5 y  z  6
8 x  2 y  3z  9

(b) Solve the system using the Matrix approach.

6 x  4 y  8 z  2
x  4y  z  2
3x  y  9 z  12

5. (a) Solve the quadratic equations by factorization.

i. 3z 2  2 z  1  0

ii. w2  13w  12  0

(b) Solve using the quadratic formula.

i. 7 x 2  6  19 x

3 1
ii.  1
y2 y

6. (a) Auntie Akosua sells bread with the choice of butter, margarine, groundnut paste. One day they
sold 256 breads; 140 had butter, 140 had margarine, 84 had butter and groundnut paste, 62 had margarine
but not groundnut paste, 68 had butter and margarine, 38 had all three condiments and 20 had none?

(i) The number sold with groundnut paste only is?

(ii) The number sold with no groundnut paste is?

(b) Given that U   1, 2,3, 4,5,6, 7 , A   2, 4,5 , B   3,5, 7 ,

 C=  2,3, 4,5, 7 and D=  1, 2,3, 4, 6

Find
i.  B ' A   C ii. D '  A  B ' 
iii.  A  B  '  A  D  ' iv.  A ' B  '  A  D ' '

(7) (a) A firm can produce 3 types of cloth A, B and C. 3 kinds of wool are required Red, Green and
Blue. 1 unit of length of type A cloth needs 2 meters of red wool and 3 meters of blue wool. 1 unit of
length of B cloth needs 3 meters of red wool, 2 meters of green wool and 2 meters of blue wool. 1 unit of
type C cloth needs 5 meters of green wool and 4 meters of blue wool. The firm has a stock of 8 meters of
red, 10 meters of green and 15 meters of blue. It is assumed that the income obtained from 1 unit of type
A is $3. From B is $5 and from C is $4. Find the number of units of each type that should be produced in
order to maximize profit.

(b) Find the minimum value of the objective function

z  4x  y
Where x  0 and y  0 Subject to the constraints
x  2y  6
3x  y  7
x  2 y  7

8. (a) A business firm invests ¢400, 000 per year (at the end of every year) at 15 percent
compounded to meet a fixed obligation at a particular time period. If the obligation is ¢800, 000 to be paid
in exactly three years from now, what single sum to be invested now needs to be added in order to meet
the obligation.

(b) Assume that a business project is being considered, with initial costs of ¢12,000 and
corresponding revenues or inflows over the following 4 years of ¢8,000, ¢12,000, ¢10,000, and ¢6,500,
respectively. If the project costs (outflows) over the 4 years are estimated at ¢8,500, ¢3,000, ¢1,500, and
¢1,500, respectively, and the discount rate is 10 percent, evaluate the project’s Net Present Value (NPV).