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EXAMINATION T E C H N O L O GY
QUESTION AND ANSWER SHEET
FULL NAME:
USER ID:
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MATRIC NO.:
STUDY CENTRE: COURSE OF STUDY:
LEVEL: SEMESTER:
COURSE TITLE & CODE: BUSINESS STATISTICS AND FURTHER MATHS (GST 201) TIME ALLOWED: 1½ HOUR
EXAM INSTRUCTIONS: RETURN THE QUESTION SHEET ON COMPLETION. ANSWER QUESTION (1) & ANY OTHER (3) QUESTIONS

1.(a) Men on two advantages of mean and one disadvantage as a measure of central tendency.
(b) The ages of students in a class are given in the table below:
Determine the: ( I ) Mean age. (II median age by formula method. (III) the dispersion
AGE 10 - 15 16 - 20 21 - 25 26 - 30 31 – 35

Number of students 2 3 5 1 2

ANSWER 1.

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2.(a)(i) Define the term regression. (Ii) Men on the types of regression that you know.
(b) The data below is in respect of numbers of new licenses and the number of road
accidents in a city for a 7 - month period. Number of new licenses
(i ) Fit a regression line equa on for the data by least square method.
(ii) Using the equa on above, determine the approximate number of new licenses when the
number of road accidents is 40.
(X) 22 20 18 16 24 20

Number of road accidents ( Y ) 19 17 16 15 23 15

ANSWER 2.

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3.(a) Explain the following terms as brief as possible: (I) Descrip ve sta s cs. (Ii) Inferen al sta s cs.
(b) A business man has eight cars. If his company is invited for a party and he has to instruct his employees to go
with the three cars. How many selec ons can they make?

ANSWER 3.

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4.(a) Men on the types of data you know based on sources with at least an example each.
(b) The delivery of an item of raw material from a supplier may take up to five weeks from the me the order is placed.
The probability of delivery me is as follows:
Determine the probability that a delivery will take:
(a) three weeks or less (b) more than three weeks (c) two to four weeks
Delivery time Probabilities
ANSWER 4.
0 - 1 week 0 .15

1 - 2 weeks 0.18

2 - 3 weeks 0.20

3 - 4 weeks 0.22

4 - 5 weeks 0.25

Total 1.00

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5. (a) Comment on any three forms of Business research studies that you know.
(b) If 4% of the soaps produced by a company are defec ve, determine the probabili es
that in a sample of 60 soaps: (1) two will be defec ve. (ii) more than three will be defec ve.

ANSWER 5.

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