Blb10115-4 - business maths assignment - what is the


Question 1.

a) A contractor employs three types of workers -Class A, Class B and Class C. To Class A workers, he pays an average monthly salary of OMR 400, to Class B workers, he pays an average monthly salary of OMR 320 and to Class C workers he pays an average monthly salary of OMR 150. The combined average salary paid by the contractor is OMR 255. If the number of class A and class B worker is 10 each, find the number of class C workers.

b) The standard deviation of Class A, Class B and Class C workers is 15, 7 and 12 respectively. Calculate the coefficient of variation of class A, B and C workers.

c) Comment on the variability in the salaries of the class A, B and C workers.

Question 2. The coefficient of correlation between the age and blood pressure of a sample of 8 persons was found to be + 0.8, the average age is 50 years and average blood pressure is 60. Their standard deviations were 5 and 10 respectively.

a) Obtain the two regression equations

b) Find the expected blood pressure of a person who is 49 years old.

Question 3. The frequency distribution of daily sales for Barka Traders is shown below.

Daily Sales (OMR)

Number of
days

100-50

2

150-250

16

250-300

12

300-400

25

400-450

12

450-500

15

500-550

12

550-600

6

a) Draw a histogram for the above data using the grid given on p.6.

b) Draw less than cumulative frequency curves for the data (in question no. 3) using the grid below

Use the cumulative frequency graph to estimate the following measures.

Lower Quartile_____

Upper Quartile_____

Median____

20th Percentile_____

Inter Quartile Range_____

Number of days the sales is between OMR 350 and OMR 450

c) Estimate the mean and standard deviation from the above frequency table (data in question 3) showing all workings.

Question 4. A computer that originally sold for OMR 189 was reduced to sell for OMR139.

i. What is the percentage of reduction in price?

ii. If Mr. Aadil buys 40 of these computers at the reduced price. What is the amount he is going to gain?

b) A portable DVD player which was originally priced at OMR 165, was reduced by 20%

i. Find the reduced price of the DVD player

ii. Find the loss a seller incurs if he buys 100 DVD players at the original price and sells them at the reduced price.

Question 5.

a) The probability that a boy will get a scholarship is 0.9 and that a girl will get a scholarship is 0.8. What is the probability that at least one of them will get the scholarship?

b) Give an example of two events that are

i) Complimentary

ii) Having conditional probabilities

iii) Not independent , but mutually exclusive

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