PAPER 1

STRATEGY

STRUCTURE OF THE PAPER

• Finance 60% (±5)

• Data Handling 35% (±5)
• Probability 5%
Including Growth Charts assessing application of measures of spread in data
handling.

Question 1: 30 marks ± 5 marks

Level 1 questions from Finance and Data Handling
Ensure that you know your finance terminology
The questions will be easy , ensure you totalise this section

Question 3
Data Handling
• Revise data handling
• Know what is categorial and numerical data
• Know the difference between discrete and continuous data
• Mean/average:
• Know how to determine the mean
• Know how to determine the missing value when the mean is given
• Mode:
• Know how to determine the mode
• If one number appears more than once , – bi-modal
• Range: range = largest value – lowest value
• Know how to determine lowest value when the range is given
• Know how to determine largest value when the range is given
• Median: middle number
• If the data set is even , you will have two numbers in the middle, add them
then divide by 2
• If the data is odd , the median will be the middle value.
• Interquartile range:
• Know how to determine your quartiles
• Know how to determine IQR
• Know what Q1 , Q2 and Q3 mean
Question 2
Finance
Expect any of the following topics:

• Personal income Tax and VAT

• Exchange rates
• Interest and interest rate: simple interest and compound interest
• Hire purchase
• Home loans
• Tariffs
 • Banking: financial documents
• Break-even analysis
• Inflation

Question 4 and/or Question 5 Integrated context on Finance and Data Handling

Including Growth Charts assessing application of measures of spread in data
handling.

Expect data handling with finance- higher order questions

Probability will be examined in the context of one or more of the other questions.
Each question can contain more than one context

ENSURE THAT YOU MASTER

QUESTION 1 AND QUESTION 3

QUESTION 2, 4,5 WILL

GUARANTEE THAT YOU GET A
DISTINCTION

GOOD LUCK!!!