MAIN ASSESSMENT Central University of Technology, Free State MEMO SUBJECT: QUANTITATIVE TECHNIQUES SUBJECT CODE: KWN10AB / QTH1151 PROGRAMME: PROGRAMME CODE: N DIP: MANAGEMENT BBNDBU N DIP: COST AND MANAGEMENT ACCOUNTING BRNDCO N DIP: MUNICIPAL ADMINISTRATION BRHSAB ASSESSOR: DR DH DELPORT MODERATOR: DATE: AUGUST 2020 SESSION: O9HOO DURATION: 2 HOURS TOTAL: 60 STATIONERY: 1. MULTIPLE CHOICE ANSWER SHEET 2. CALCULATOR —_—— INSTRUCTIONS TO CANDIDATES MAKE SURE THAT YOUR QUESTION PAPER CONSISTS OF 13 PAGES. ANSWER ALL THE QUESTIONS. MAKE USE OF TWO DECIMAL PLACES IN ALL YOUR CALCULATIONS, UNLESS INSTRUCTED OTHERWISE. ANSWERS MUST BE PROVIDED ON THE MULTIPLE CHOICE ANSWER SHEET2 KWN10AB: MAIN ASSESSMENT ae .. is defined as a set of mathematically based tools and techniques to transform raw data into a few summary measures that represent useful and usable information to support effective decision making. (A) Information (8 Data Statistics Management decision making (E) None of the above ja. The transformation process from data to information looks as follow: Data — Statistical analysis — Information - Management decision making (B) Statistical analysis -Data—- Management decision making — Information (c) Information — Management decision making — Data — Statistical analysis (D) Management decision making — Data — ‘Statistical analysis — Information (E) None of the above sh Statistical modelling: (A) condenses sample data into a few summary descriptive measures B) generalizes sample findings to the broader population builds models of relationships between random variables (D) test for genuine patterns or relationships in the population based on sample data (E) None of the above 4, Is the following example qualitative or quantitative: Aconsumer’s choice of mobile phone service provider is either Vodacom, MTN, Cell C or Telkom (A) Quantitative Qualitative (C) None of the above BSESSOR MODERATOR3 KWN1OAB: MAIN ASSESSMENT 3 The sample statistic for the statistical measure “Mean” is (A @ (6 (0) (E) None of the above 6. The sample statistic for the statistical measure “Variance” is (A) s (2) id o (E) None of the above 7: The population parameter for the statistical measure “Variance” is: (A) o a Oo {0) =~ ‘s* (E) None of the above 8. The population parameter for the statistical measure “Mean” is: Hu (BY ok () o (D) x (E) None of the above 9. A population parameter: (A) is a subset of a population (B) is categorical data, but has an implied ranking between the different categories of the qualitative random variable e is the actual values (numbers) or outcomes recorded on a random variable is a measure that describes a characteristic of a population (E) None of the above ESSOR MODERATORQuestion 10 - 13 is based on the following: KWN10AB: MAIN ASSESSMENT The number of students enrolled in the first year of a business course at a technical college is shown in the following table for each of 7 years: Year Enrolment F(<) 2 2003 160 A \bo 2004 192 B 352 10, Bl, 2005 221 C $73 2006 301 D en, 2007 280 Eee 2008 298 F oiuse \b |e 2009 316 G inky N= 7b 10. What is the percentage of students who enrolled in 2008? (A) 1768 16.86 g (Cc) 298 aus xICO (0) 0.1686 ve | (E) None of the above = Ile Sle t- 11. What is the percentage of students who enrolled in 2004? (A) 192 (5) ep (Cc 0.11 10.86 (E) None of the above 12. The value of Cin the table is: (A) 221 (B) 2005 573 (©) i215: (E) None of the above SESSOR 492 Wer X06. =\ogbl. MODERATOR_ 5 KWN10AB: MAIN ASSESSMENT The value of F in the table is: (A) 16.86% (8) 298 (Q) 2008 1452 (E) None of the above The sales of vacuum cleaners in a department store for the first 10 weeks of the year are: 87 S4 65 43 78 32 76 66 54 75 14. The sample size is: @ 1 (8) 63 () 630 (0) 87 (E) None of the above 15. The arithmetic mean is: Ix SCacairag (A) 10 (8) 630 ee () 387 © 63 Ee (E) None of the above b3 16. The range is: Max -Min 54 Ro soe. i) 3 @ 63 Sse (D) 10 (E) None of the above SESSOR MODERATOR32 43 The third quartile is: (Ape 5 ale. 3 71b,5 () 76 4b (D) HS 8.25 (E) None of the above The median is: (A) 63 (B) 10 (Cc) 54 © 655 (E) None of the above The variance is: (A) 17.16 (B) 19.26 (CQ) 42340 oO 294.4 (E) None of the above The standard deviation is: 17.16 (8) 19.26 (C) 42340 (D) 294.4 (E) None of the above The mode is: @M s4 (8) G3 () 45,5 D) 78 (E) None of the above OR St 6 KWN10AB: MAIN ASSESSMENT L Su Comes Sete] 1s 8) 3 (10+) aC) U Ly 4 aa ly Qa postin at) Me = 0.25X(a6-7%) eee OyS) IL 16,5 n-) uw 231 0- (a) (ia lo-l 2340 = 39b7© q = 2bS0_ q FS 24, 5 > aah = 1b Mo - Si MODERATOR22. The first quartile position is? (A) 2.25 (8) Sl,2s 43 (0) 2a7S (E) None of the above Question 23 - 27 is based on the following: v KWN10AB: MAIN ASSESSMENT. QO positin - ml u sk 2S , The following table shows the promotion status of police officers over the past two years. Men Women Promoted 288 36 324 Not promoted 672 204 sk 460 240 \ 1200 235 P(Not promoted): (A) 204/876 (B) 672/876 ca (C) 204/1200 (200 876/1200 ( None of the above 24. P(Women and is promoted): (A) 36/240 a 36/1200 120 (C) 240/1200 (D) 240 (E) None of the above abo Bb 1 25. P(Men or is not promoted): 7200 + 20 — ae (A) 672/960 = Iky 1164/1200 \200 (C) 672 D) — 672/1200 SESSOR MODERATOR26. 27. (E) None of the above P(Men): (A) 288/960 (B) 672/960 C)) —960/1200 (D) 960 (E) None of the above P(Promoted given women): 36/240 (B) 36/1200 (C) 36/324 (D) 240/1200 (E) None of the above 8 Wo 1200 3b. 240 Question 28 ~ 30 is based on the following: KWN10AB: MAIN ASSESSMENT A college that specialises in training people for top-level management positions administers various types of physical and psychological tests. In one such test, objects must be assembled and pictures arranged in order. Although the maximum possible score for this test is 130, the college has found that results in the past have followed an approximate normal distribution with a mean of 91.7 and a standard deviation of 8.3. What percentage of people obtain scores in the following ranges? [Round off the z scores to 2 decimal places and use all digits as they are in the table] Kv V(ysa1 d= 9,3) 28. Less than 105? (A) 1.60 (8) 0.4452 (C) 0.0548 (0)) 0.9452 None of the above 29. Above 74? (A) -2.13 (8) 0.9834 SESSOR P(X < 105) POX 774 ) Ml P (@ < \ bo) 50,4452 +05 = 0.4452 a (ee. -2,13) 0/4834 +05 0,783y | MODERATOR9} KWN10AB: MAIN ASSESSMENT (C) 0.4834 (D) 0.0166 (E) None of the above 30. Between 80 and 100? INC Sacra) (A -1.41 = 0.7620 eGieleze 1) (© 0.0794 = (D) 0.41 O-eeT + 0 313 (E) None of the above = 0120 SSESSOR MODERATOR