S EZTC

Christianity ensures Academic

Excellence

SAINOS ENGINAS ZION TECHNICAL COLLEGE

DEPARTMENT OF ACCOUNTING

PROGRAMME: NATIONAL CERTIFICATE IN ACCOUNTING

MODULE: FINANCIAL MATHEMATICS AND STATISTICS 1

COURSE CODE: 310/22/M05

TASK: THEORY ASSIGNMENT 3

LECTURER: L. WACHENUKA (0782430113/0716519061)

Email-lisbanewache@gmail.com

1
1. Explain the characteristics of the three measures of central tendency. (15marks)

2. Evaluate the effectiveness of each of the three measures of central tendency in

business decision making. (18marks)

3. Explain the characteristics of the measures of dispersion in statistics. (12marks)

4. State advantages and disadvantages of the measures of dispersion that you know in

statistics. (12marks)

5. Define the following:

a) Simple interest

b) Compound interest

c) Annuities

d) Lump sum amounts (16marks)

6. With the aid of examples differentiate between simple interest and compound interest.

(12marks)

7. Evaluate the effectiveness of time value of money concepts in business decisions.

(15marks)

TOTAL ……………………… 100 Marks