MODULE: BUSINESS STATISTICS 621

ASSIGNMENT COVER SHEET

Name & Surname: ITS No:

Qualification: Year: Module Name:

Elective: Assignment Due Date:

ID Number: Date submitted: Semester:

MARK EXAMINER’S MODERATOR’S

ASSESSMENT CRITERIA REMARKS
ALLOCATION MARK MARKS

MARKS FOR CONTENT

QUESTION ONE
QUESTION TWO
QUESTION THREE
QUESTION FOUR
QUESTION FIVE
TOTAL MARKS
MARKS FOR TECHNICAL ASPECTS
1. TABLE OF CONTENTS
Accurate numbering according to the
numbering in text and page numbers
2. LAYOUT AND SPELLING
Font – Calibri 12
Line Spacing -1.0
Margin should be Justified
3. REFERENCE
According to the Harvard Method
TOTAL MARKS

TOTAL MARKS FOR ASSIGNMENT 100

EXAMINER’S COMMENTS

MODERATOR’S COMMENTS

Name of the Examiner: Name of the Moderator:

Signature of Examiner: Signature of Moderator:
Date: Date:
Instructions and guidelines

NB: 1. Candidates are advised to read the guide lines in the study guide.

2. Assignment questions are on page 3.

3. For reference use prescribed, recommended books and other resources you may come
across.

4. Correct Harvard referencing carries (5 Marks).

The purpose of an assignment is to ensure that the Student is able to:

• Use methods of enquiry and research in a disciplined field.

• Interpret and evaluate text.

• Have a sound understanding of key principles and theories, rules and awareness.

• Solve unfamiliar problems using correct procedures as well as investigate and critically analyse
information and report thereof.

• Present and communicate information reliably and coherently.

Instructions and guidelines for writing assignments

1. Use the correct cover page provided by the institution.

2. All essay type assignments must include the following:
2.1. Table of contents
2.2. Introduction
2.3. Main body with subheadings
2.4. Recommendations and Conclusions
2.5. Bibliography
3. The length of the entire assignment must have minimum of 10 pages. Typed with font size 11
Calibri. 1.5 spacing
4. The quality of work submitted is more important than the number of assigned pages.
5. Copying is a serious offence which attracts a severe penalty and must be avoided at all costs. If
any student transgresses this rule, the lecturer will retain the assignments and ask the affected
students to resubmit a new assignment which will be capped at 50%.
6. Use the Harvard referencing method.
7. Please note that these guidelines are not applicable to quantitative subjects like Accounting and
Statistics.
 QUESTION ONE (30 MARKS)

1.1. In the survey of 50 workers in BPC, the amount of wages per workers was recorded and the following
data is obtained:

92 51 90 56 59 74 96 85 93 72
67 74 96 73 80 50 77 65 70 62
92 68 87 79 94 76 87 74 63 94
68 65 93 90 80 86 86 69 88 89
87 92 79 95 89 97 90 54 83 74

1.1.1 Compute group data mean (15)

1.2. If it is estimated that 30% of all students who fall under the Business and Management Sciences
Faculty at Richfield have a valid driver’s license. What is the probability that in a sample of 10 students:

1.2.1. Exactly 4 have a valid driver’s license? (5)

1.2.2. At least 2 have a valid driver’s license? (5)

1.2.3. More than 9 have a valid driver’s license? (5)

QUESTION TWO (30 MARKS)

2.A batch of 5000 electric lamps has a mean life of 1000 hours and a standard deviation of 75 hours.
Assuming a normal distribution:

2.1. How many lamps will fail before 900 hours? (10)

2.2. How many lamps will fail between 950 and 1000 hours? (10)

2.3. And given the same mean life, what would the standard deviation have to be to ensure that not
more than 20% of lamps fail before 916 hours? (10)
QUESTION THREE (30 MARKS)

3. Researchers at the European Centre for road Safety Testing are trying to find out how the age of
cars affects their braking capability. They test a group of ten cars of differing ages and find out the
minimum stopping distances that the cars can achieve. The results are set out in the table below:

Age (months) Minimum stopping at

car 40 km per hour
A 9 28.4
B 45 29.3
C 24 37.6
D 30 36.2
E 38 36.5
F 46 35.3
G 53 36.2
H 60 44.1
I 64 44.8
J 76 47.2

Using information provided above to answer the following questions:

3.1 Compute Pearson’s correlation coefficient. (15)

3.2 Compute Spearman’s correlation coefficient (rho) (15)