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This exam paper is for Quantitative Methods. This course is important because of general tests like GRE for further studies. This exam paper includes: Basic, Qualitative, Methods, Y-intercept, Gradient, Nominal, Effective, Rate, Return, Constraints, Function, Crammer, Inversion, Rule
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Module A 100 marks - 3 hours
Q.1 (a) Find the value of x such that:
(b) The y-intercept of a line has the same value as its gradient. If this line cuts the curve ݔ ൌ ݕ ଷ^ ݔ2 െ ଶ^ െ 3 ݔെ 8 at x = 3, find the equation of the line. (04 marks)
(c) Mr. Khan deposited an amount into a bank which will be doubled in eight years. (i) Find the rate of interest considering that the amount is compounded annually. (ii) How many years will it take for an amount to triple at the above calculated rate of interest? (05 marks)
Q.2 (a) Asif purchased a car for Rs. 360,000. The amount is payable in forty monthly installments which are in arithmetic progression. After paying thirty installments one third of the amount would remain unpaid. Calculate the amount which Asif would be required to pay as the 35th^ installment. (05 marks)
(b) Meena has invested Rs. 700,000 in an investment scheme. In return, she would receive Rs. 74,587 semi-annually in arrears, for six years. She would not receive any amount afterwards. Find the nominal and effective rate of return of the scheme. (05 marks)
Q.3 (a)
2 2
2
(04 marks)
(b) Sketch the feasible region and identify the point of optimal solution for the function ܼ ൌ 2 ݔ 5ݕ subject to the following constraints. ݔെ 3 ݕ 0 ݔ 3 ݕ 150 ݕ 50 ݕ ,ݔ 0 (07 marks)
Q.4 (a) Solve the following set of equations using Crammer’s rule or matrix inversion method. 2 ݔെ ݕ ݖ 1 ൌ 0 3 ݔ 2 ݕ 2 ݖെ 8 ൌ 0 െ ݔ 2 ݕെ ݖെ 1 ൌ 0 (08 marks)
(b) Find the co-ordinates of the relative minima and/or maxima of the following function: ݁ൌ ݕ ଶ௫^ ݁2 ௫^ ݔ4 െ (07 marks)
Quantitative Methods Page 2 of 2
Q.5 The following data shows the weight (in grams, rounded to the nearest gram) of 35 randomly picked oranges from a farm. 155, 161, 164, 166, 168, 170, 172, 172, 173, 175, 177, 178, 178, 179, 181, 182, 182, 184, 186, 188, 189, 192, 195, 196, 197, 198, 203, 206, 208, 209, 210, 214, 218, 221, 243
(a) Find the median and mean from the above data. (b) Group the data in the form of a table with class intervals and identify the modal class. (c) Draw a histogram from the above grouped data. (d) Suggest whether the data is positively skewed, negatively skewed, or symmetrical. (e) Construct a stem-and-leaf display for the given data. (12 marks)
Q.6 (a) Find the coefficient of correlation between x and y if: Regression line of x on y is: 5 x – 4 y + 2 = 0 Regression line of y on x is: x – 5 y + 3 = 0 (04 marks)
(b) The average runs scored by seven leading test cricketers during the year 2010 are given below:
Average runs scored in 1 st^ innings (x) 46 73 68 79 49 43 81 Average runs scored in 2nd^ innings (y) 66 31 45 26 58 63 35
Find the Spearman’s rank correlation coefficient for the runs scored in first and second innings and interpret your result. (06 marks)
Q.7 (a) A problem in mathematics is given to three students A, B and C. Their respective probability of solving the problem is 1/2, 1/3 and 1/4. Find the probability that at least two of them will solve the problem. ( 05 marks)
(b) There are six positive and eight negative numbers. Four numbers are chosen at random and multiplied. What is the probability that the product is a positive number? (04 marks)
Q.8 A college has 500 students. A survey was carried out on 22 students chosen at random, to find out the average number of siblings. The following data was obtained: 2, 1, 3, 2, 0, 1, 2, 4, 0, 1, 1, 0, 1, 3, 2, 0, 1, 2, 2, 1, 0, 1
(a) Find the 90% confidence interval for the mean number of siblings of the college students. (07 marks) (b) Using the point estimates of the mean and standard deviation, calculate the probability that if a sample of 50 students is chosen at random, the average number of siblings of the sample would be more than 1.5. (05 marks)
Q.9 A dice was tossed 144 times and following outcomes were recorded:
Faces 1 2 3 4 5 6 Observed Occurrence 22 23 27 25 26 21
Using chi-square test at 5% level of significance, assess the hypothesis that the dice is fair. (07 marks)
(THE END)
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