ALLAMA IQBAL OPEN UNIVERSITY ISLAMABAD

(Department of Mathematics)
WARNING
1. PLAGIARISM OR HIRING OF GHOST WRITER(S) FOR SOLVING
THE ASSIGNMENT(S) WILL DEBAR THE STUDENT FROM AWARD
OF DEGREE/CERTIFICATE, IF FOUND AT ANY STAGE.
2. SUBMITTING ASSIGNMENT(S) BORROWED OR STOLEN FROM
OTHER(S) AS ONE’S OWN WILL BE PENALIZED AS DEFINED IN
“AIOU PLAGIARISM POLICY”.

Assignment Submission Schedule

6 Credit Hours Due Date 3 Credit Hours Due Date
Assignment 1 14-07-2023
Assignment 1 09-08-2023
Assignment 2 09-08-2023
Assignment 3 04-09-2023
Assignment 2 29-09-2023
Assignment 4 29-09-2023
Note: Tutorial Schedule and Rehnama-e-Tulba are available on AIOU website i.e. aiou.edu.pk

Course: Business Mathematics (1429) Semester: Spring, 2023

Level: BA, B.Com, BBA

Please read the following instructions for writing your assignments.

(SSC, HSSC & BA Programmes)

1. All questions are compulsory and carry equal marks but within a question
the marks are distributed according to its requirements.
2. Read the question carefully and then answer it according to the requirements
of the question.
3. Late submission of assignments will not be accepted.
4. Your own analysis and synthesis will be appreciated.
5. Avoid irrelevant discussion/information and reproducing from books, study
guide or allied material.

1
Total Marks: 100 Pass Marks (BA Old): 40
Pass Marks: (BA AD): 50
ASSIGNMENT No. 1
(Units 1–4)
Attempt all the questions, each question carries equal marks.
Q. 1 (a) The table below gives the probability that a person has life insurance in the
indicated range. (10)
Amount of Less than $10,000– $25,000– $50,000– $100,000– $200,000
None
Insurance @10,000 $24,999 $49,999 $99,999 $1999,999 or more
Probability 0.17 0.20 0.17 0.14 0.15 0.12 0.05
Find the probability that an individual has the following amounts of life
insurance.
i) Less than @10,000
ii) $10,000 to $99,999
iii) $50,000 or more
iv) Less than $50,000 or $100,000 or more
(b) In a survey of 410 salespersons and 350 construction workers, it is found that
164 of the salespersons and 196 of the construction workers were overweight. If
a person is selected at random from the group, what is the probability that: (10)
i) This person is overweight?
ii) This person is a salesperson, given that the person is overweight?
iii) This person is overweight, given that the person is a salesperson?
iv) This person is a construction worker, given that the person is not
overweight.
v) This person is not overweight, given that the person is a construction
worker.

Q. 2 (a) Obtain a probability distribution of the sum of spots when a pair of dice is
rolled. (8)
(b) The continuous random variable X has the density function (12)
 x for 0  x  1

f ( x) = 2 − x for 1  x  2
 0 elsewhere

i) Show that P (0 < X < 2) = 1
ii) Find P(X < 1.2)

Q. 3 In a certain marketplace the demand and supply functions for a commodity are as
follows: D : p = 100–5q (20)
S : p = 20 + 4q
i) What are the initial equilibrium price and quantity?
ii) Assume an imaginative advertising campaign shifts the demand function two
places to the right. Sketch the initial demand and supply functions. Sketch
the new demand function. Find the new equilibrium price and quantity.

2
 iii) Assume that a tax of $1 per unit is levied on the seller. What will be the
effect on the supply function? Depict the situation graphically. Determine the
new equilibrium price and quantity.
Q. 4 (a) Sketch the graph of each of the following linear functions: (12)
i) Graph passes through the point (2,–1) with slope of 3.
ii) Graph passes through the point (–3,–2) with slope of –1.
iii) Graph passes through the point (2, 4) with slope of 0.
iv) Graph passes through the point (5, 0) with undefined slope.
(b) Solve the following simultaneous linear equations by graphical method: (8)
2x + 3y =3
6x + 4y = 5
Q. 5 (a) Suppose that the demand and price for a certain brand of shampoo are related by
5
p = 16 − q (20)
4
Where p is price in dollars and q is demand.
i) Find the price for a demand of: 0 units ; 8 units
ii) Find the demand for the shampoo at a price of: $6, $11, $16
5
iii) Graph : p = 16 − ( )q
4
Suppose the price and supply of the shampoo are related by,
3
p= q
4
Where q represents the supply, and p the price.
iv) Find the supply when the price is : $0, $10, $20
3
v) Graph p = q on the same axes used for part (iii)
4
vi) Find the equilibrium supply
vi) Find the equilibrium price.

Total Marks: 100 Pass Marks (BA Old): 40

Pass Marks: (BA AD): 50
ASSIGNMENT No. 2
(Units: 5–9)
Attempt all the questions, each question carries equal marks.
 12 3   − 1 11  2 − 8
Q. 1 (a) If A =   , B =   and C =   , Verify that: (12)
− 5 7  7 9 13 9 
(i) A(BC) = (AB)C (ii) B(A+C) = BA + BC

(b) Find the determinant of (8)

3
Q. 2 Solve the given system of equations by using i) matrices, ii) Cramer’s rule. (20)
2x – y + z = 5
4x + 2y + 3z = 8
3x – 4y – z = 3

Q. 3 (a) Find the following limits: (8)

i) lim x →3 x − 5 2

x − 8
ii) lim x →8
x −8
3x
iii) lim x → −2
( x + 2) 3

(b) The total sales S (in thousands of CD’s) for a compact disk are given by, (12)
2
90t
S(t)=
t + 502

Where t is the number of months since the release of the CD.

i) Find S’(t).
ii) Find S(10) and S’(10). Write a brief verbal interpretation of these
results.
iii) Use the result from part (ii) to estimate the total sales of these results.

Q. 4 (a) Determine the interval over which f is i) increasing ii) decreasing

iii) neither increasing nor decreasing iv) concave up v) concave
2x3 1
down. If,f(x) = − 5x 2 − − 3 (12)
3 x
(b) Determine the location and values of the absolute maximum and absolute
minimum for the given function. (8)
f(x) = (–6x + 7) , where 0  x  3
4

Q. 5 (a) Identify the location of any inflection points for the following functions. (10)
3x 4 5 x 3
(i) = + + 3x 2 + x
12 6

(b) Determine all second-order partial derivatives for (10)

f (x, y) = ln 3xy3

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