Quantitative Methods-MATH 134

Test 1

Total: 45 Duration: 60 minutes

Instructions:

 Answer all Questions on the MCQ card provided

 Use an HB pencil to shade in your choice
 The use of a non-programmable calculator is allowed
 All rough work to be done on the reverse side of the Question paper

Question 1

The percentage of homes with digital satellite TV services at the beginning of

1999 was 5% and is projected to grow linearly so that, at the beginning of
2003, the percentage of such homes was 25%. What percentage of the homes
will have digital TV services at the beginning of 2001 ? [3]

A: 5 % B: 10 % C: 15 % D: 20 % E: None of the these

Question 2

A manufacturer of refrigerators will make 2000 refrigerators available when

the unit price is 330. The lowest price (theoretically) at which a refrigerator
will be marketed is 300. Assuming that the equation relating the unit price
of a refrigerator to quantity supplied is linear. How many units of refrigerators
will be supplied if the unit price is 390 ? [3]

A: 5500 B: 6000 C: 6500 D: 0 E: None of the these

Question 3

A company manufactures variable timers at a monthly fixed cost and a

production cost of 8 for each timer manufactured and each unit sells for
rands. The projected profit function is given by ( ) = 6 − 48 000, where
denotes the number of units produced and sold. How many units of the timers
must be sold for the company to break-even and what is the monthly fixed
cost ? [4]

A: 0 units, fixed cost 48 000 B: 8 000 units, fixed cost 60 000

C: 8 000 units, fixed cost 48 000 D: 6 000 units, fixed cost 84 000

E: None of the above

Question 4

A division of the G4 Corporation manufactures hair clippers. Each clipper sells

for R 9 and the variable cost of producing each unit is 40% of the selling price.
The monthly fixed costs incurred by the division is R 50 000. The break-even
point for the division is: [3]

A: 9259 clippers resulting in a break-even revenue of R 83 331

B: 9250 clippers resulting in a break-even revenue of R 83 250

C: 9500 clippers resulting in a break-even revenue of R 85 500

D: 5814 clippers resulting in a break-even revenue of R 52 326

E: None of the above

Question 5

The quantity demanded of a certain brand of a DVD player is 3000/ when

the unit price is 485. For each decrease in the unit price of 20 below
485, the quantity demanded increases by 250 units. The suppliers will not
market any DVD player if the unit price is 300 or lower. But at a unit price of
525, they are willing to make available 2500 units in the market. Assuming
that the supply equation is linear, the equilibrium Quantity and price is: [4]

A: Quantity 250, price of R 322.5 B: Quantity 2500, price of R 550

C: Quantity 3000, price of R 525 D: Quantity 2500, price of R 525

E: None of the above

Question 6

The following system of linear equations

2 −3 =6

6 − 9 = 12

has [3]

A: only one solution = 3, =0 B: only one solution = 0, = −2

C: only one solution = 2, =0 D: No solution

E: Infinitely many solutions

Question 7

A theatre has a seating capacity of 900 and charges 4 for children, 6 for
students, and 8 for the adults. At a certain screening with full attendance,
there were half as many adults as children and students combined. The total
revenue earned from that screening is 5600.

Let , and denote the number of tickets sold to children, students and
adults respectively. Find how many students attended the screening.

To solve the problem by using Gauss-Jordan elimination method, the

augmented matrix is formed. Then the following operations are performed:
− and −4 and then .

This results in the following matrix [5]

1 1 1 900 1 1 1 900 1 1 1 900
A: 0 1 −3 −700 B: 0 0 −3 −900 C: 0 0 2 −900
0 1 2 1000 0 1 2 1000 0 0 −3 1200

1 0 1 500
D: 0 1 −3 −500 E: None of the above
0 0 2 1000

Question 8

Determine which of the following matrices are in row-reduced form. [3]

0 1 3 5 1 0 0 −3 1 2 0 0
= 1 0 0 −7 = 0 0 0 9 = 0 0 1 0
0 0 1 6 0 1 0 2 0 0 0 1
1 2 0 −1 1 0 0 5
= 0 0 1 4 = 0 1 0 7
0 0 2 2 0 0 1 9

A: , and only B: only C: Both and

D: , and only E: , and only

Question 9

Determine the values of , and that satisfies the following matrix equation.

1 2 −1 2 −4 −1
3 4 -3 1 2 =2 0 −1 [3]
−1 4 +1 4 4

A: [ ] = [20 4 −4] B: [ ] = [20 5 −4]

C: [ ] = [10 6 −3] D: [ ] = [25 1 −2]

E: [ ] = [15 3 −4]

Question 10
1 2 1 0
Let = and = , which of the following are true. [3]
2 1 1 1
A: ( ) = B: ( ) = C: ( ) =

D: ( ) = E: None of the above

Question 11

1 2 1 0
Let = and = , compute ( + ) . [3]
2 1 0 1

4 4 4 0 8 8 6 6
A: B: C: D:
4 4 0 4 8 8 6 6
E: None of the above

Question 12

3 −3
Find the value(s) of such that = , does not have an inverse. [3]
− 1
A: = 1 B: = −1 C: = −2 D: = 0

E: None of the above

Question 13
2 −3 −4
Find the inverse of the matrix, = 0 0 −1 . [5]
1 −2 1

2 −11 −3 2 −11 −3 2 −11 −3

A: 1 −6 −2 B: 1 −4 −2 C: 1 −6 −2
0 −1 0 0 −1 0 1 −1 0
2 −11 −2
D: 1 −6 −2 E: None of the above
0 −1 0