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First-Year Business Exam Guide

The document is a past exam paper for a quantitative techniques course. It contains 5 questions covering topics like: 1) Calculating sums, means, and regression from a data set. 2) Deriving demand, cost, and profit functions and calculating related values. 3) Taking derivatives and integrals of functions. 4) Calculating mean, standard deviation, and median from a data set. 5) Solving probability problems using unions, intersections, and conditional probabilities.

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119 views4 pages

First-Year Business Exam Guide

The document is a past exam paper for a quantitative techniques course. It contains 5 questions covering topics like: 1) Calculating sums, means, and regression from a data set. 2) Deriving demand, cost, and profit functions and calculating related values. 3) Taking derivatives and integrals of functions. 4) Calculating mean, standard deviation, and median from a data set. 5) Solving probability problems using unions, intersections, and conditional probabilities.

Uploaded by

priscilla osei
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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GARDEN CITY UNIVERSITY COLLEGE, KUMASI.

SCHOOL OF BUSINESS STUDIES


Resit Examination , 2014

First Year

MTH 102: QUANTITATIVE TECHNIQUES II

June, 2014 TWO AND HALF HOURS

INDEX NUMBER:--------------------------------- PROGRAMME:--------------------------------

Answer any four out of the five questions below.

1. The number of hours spent per week viewing TV, Y and the number of years of
education, X, were recorded for 10 randomly selected individuals. The results are given
in the Table Below.

X Y
12 10
14 9
11 15
16 8
16 5
18 4
12 20
20 4
10 16
12 15

Find the following:

x x y y  xy
2 2
a. and
, , , .

b.
S xx S yy and S xy
,

c.
b0 and b1 give that y  b0  b1 x

2. A bottled water manufacturer determines that the demand function for he bottled
water is p  10000 x where x is the demand for bottles water at a given price p.
The cost for producing x bottles of water is given by the cost function
c  x   100 x  1000 x  10000
.

a. Find the total revenue function.

b. What is the marginal cost as x=50.

c. What is the marginal revenue at x=50?

d. Find the marginal profit function.

3
3
 x
3. a. Differentiate x with respect to x .
dy
.
b. If y  x sin x , find dx

. Evaluate 
 3x 2
 2 x  4  dx
c

 3x  2 x  4  dx
1

Evaluate 
2

. 0
d

4a. The weight in kilograms of 10 babies are as follows: 5.3, 4.5, 3.2, 4.4, 6.3, 4.7, 5.8, 5.0,
5.6 and 3.0. find

i. the mean weight of the babies.

ii. the standard deviation.

iii. the median weight.

b. Define the following.

i. Mean

ii. Standard deviation

iii. Median

5. a. Given that P(A) = 0.5, P(B) = 0.6, and P(A  B) = 0.3, find P(A U B).

b. Given that P(A) = 0.6, P(B) = 0.5, and P(A U B) = 0.9, find P(A  B).
. c. Given that P(A) = 0.3, P(B) = 0.5, and P(A U B) = 0.6, find P(AIB).

d. Given that P(A) = 0.5, P(B) = 0.4, and P(BIA) = 0.3, find P(A  B).

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