FACULTY Faculty of Economic and Management Sciences

DEPARTMENT Accounting, Auditing & Income Tax

SUBJECT Business Statistics A

SUBJECT CODE ABA 3691

DATE July 2015

DURATION 3 hours MARKS 100

SUPPLEMENTARY/ SPECIAL EXAMINATIONS

Examiners: HR Thomas; S. Denk; P. Msiska; TM Shaalukeni

Moderator: P.N. Maliti (Polytechnic of Namibia)

This question paper consist of: 3 pages including this cover page

lnstructions:

o Attempt all questions

o There are five (5) questions in this paper
o Show all your workings
o Use of a calculator is allowed

UNIVERSITY OF NAMIBIA EXAMINATIONS

Question 1 [20Marks)

On a final examination at a particular University in Africa the following scores were eamed:

5,6,7,7,10,15,16,16,17,17,22,22,22,25,26,28,31,33,35,37,40. Use the above data to answer the

following questions:

a) Construct a frequency table for this data and relative frequency table, grouping the data using
the class width of 4. 17.51

b) Construct a cumulative frequency table and cumulative relative frequency table[7.5]

c) Construct a histogram, be sure to properly construct and label the histogram t5]

Question 2 (LS Marks)

The following statistics were collected on two different groups of stock prices: Note: Round answers

to two decimal places where needed

Portfolio A Portfolio B

Sample Size l0 15

Sample Mean N$52.6s N549.80

Sample Variance 42.25 8.70

Required:

a) Calculate the coefficient of variation for each portfolio ll0l

b) What can be said about the variability of each portfolio tsl

Question 3 (2O Marks)

Based on past experience, the main printer in a University Computer Centre is operating properly
90% of all the time. Suppose inspections are made at l0 randomly selected times.
Required:

a) What is the probability that the main printer is operating properly for exactly 9 inspections? [5]
b) What is the probability that the main printer is operating properly for at least 3 inspections? [10]
c) What is the expected number of inspections in which the main printer is operating properly? t5l
Question 4 (20 Marks)

A pencil manufacturer averages 1.2 defective pencil's per carton produced (200 pencils). The number
ofdefects per carton is Poisson distributed.

a) What is the probability of selecting a carton and finding no defective pencils? t5l
b) What is the probability of finding 4 or more defective pencils in a carton? Il0l
c) Suppose a purchaser of these pencils will quit buying from the company if a carton contains

more than three defective pencils. What is the probability that a carton will contain more than
three defective pencils? tsI

Questions 5: (25 Marks)

Namibia Contract Haulage (NCH) determined that on an annual basis, the distance travelled per bus is
normally distributed with a mean of 50 thousand kilometres and a standard deviation of 12 thousand

kilometres. The company operates 100 buses.

a. What is the probability that that a randomly selected bus travels between 34 thousand and

38 thousand kilometres in the year? tl0]

b. What percentage of buses can be expected to travel above 60 thousand kilometres in the
year? t5l
c. How many of the 100 buses in the fleet are expected to travel between 30 thousand and 60
thousand kilometres in a year? l10l

THE END..
Standard Normal Distribution

.!'i'Ui niii;iilj ffii.uiuii,lii;ffi#H

0 0.004 0.008 0.012 0.016 0.0199 0.a239 0.0279 0.0319 0.0359
0.0398 0.0438 0.04?8 0.05i7 0"0ss7 0.0596 0.0636 0.067s a.a7A 0.0753

0.0793 0.0832 0-087r 0.091 0.0943 0.0987 0.to26 0.1054 0.1103 0.1141

0.1179 0,1217 0.7255 0.1293 0.1331 0-1368 0.1,106 a.1443 0.148 0.1517
0.15s4 0.1591 a.1628 0.1664 A.{l 0.1736,, a.1772 0.1808 0.1844 0.1879
0.191s 0.195 0.198s 0.20t9 0 2054 0.2088 0.2123 0.2157 0.2t9 0.2224
0.2257 o-2i91 {-2324 0.2357 0-2389 02422 0-2454 0.2486 0.2s17 0.2s49
0.258 0.267L 0.2642 0.2673 0.2704 0.2734 0.2764 0.2794 0.2823 0.28s2
0.2881 0.291 a.2g3g 0.2967 A.299s 0.3023 03051 0.3078 0.3106 0.3133
'0.3315 0.334 0.3365 0.3389
0.31s9 0.3186 0:3212 0.3238 A3264 0.3289
0,3413 0.3438 0.346t 0-3485' ' 0-3508 0.3531 0.3s54 0.3s77 0.3599 A3621
0.3543 0.3665 0.3686 0.3708 0.3729 0.3749 a377 0.379 0.381 0.383

0.3s49 0.3869 0.38E8 0.3907 0.3925 0.3944 0.3962 0.398 0.3997 0.4015
0.4032 A.4;049 0.4066 0.4082 A.4099 0.4115 0.4131 a.4147 A.4rc2 0.4t77
a.4192 0.4207 a.4222 a.4236 0.4251 0,4265 4.4279 0.4292 0.4306 0.4319
0.4332 A,4345 0.4357 0.437 0.4382 0.4394 04406 0.4418 A.4479 0.4441
0.4452 0.4453, a.4474 0.4,184 0.4495 0.4505 0.451f 0.4525 0.4535 0.4545
0.4554 0.4564 0"A5',73 0.4582 0.4591 A:45919 0.4608 0.4676 0.4625 0.4633
0.464:t 0.4649 0.46s6 0.4664 0-4671 0,4678 0.4686 0.4693 0.4699 0.4706
0.4713' 0.4719 0.4726 0:4732 0.4738 0.A744 0-:475 0.4756 A.4761 0.4767
0.4772 0.4778 0.4783 0.4788 0.4793 0,4798 0.4803 0.4808 0.4812 0.4817
0.4827 A.4826 0.483 0.4834 0.4838 0;4842 0.4846 0-485 0.4854 0.4857
0.4861 0.4864 0.4868 0.487t 0.4875 0.4878 0.4881 0.4884 0,4887 0.489
0.4893 0.4896 ,.0.4898 0.4901 0.4904 0.4906 0.4909 0.4911 0.4913 0.4916
0.4918 0A92 ,0.4922 A.4gt25 0.4927 0.4929 0.4931 0.4932 0.4934 0.4936
0.493S 0,494 0.4947 0.4943 4.4945 0.4946 0.4948 0.4949 0.4951 0.49s2
0.4953 0.495s 0.49s6 0.4957 0.4959 a.496 a.496r o-4g52 0.4963 0.4964
0.496s 0.4966 0.4967 0.4968 0.4969 0.497 o,4971 0.4972 0.4973 0.4974
0.4974 A.4975 a.4975 a,4977 0.4977 0.4978 0.4979 0.4979 0.498 0.4981
0.4981 0.4982 0,4982 0,4983 : 0.4984 0.4984 0.4985 0.4985 0,4986 0.4986
0.4987 0.4987 0..4987 0.4988 0,4988 0.4989 0.4989 0.4989 0-499 0.499