rawan alfhdi - math for businesses

DEGREE: B.Sc. ACCOUNTING, AUDITING AND FINANCE / BBA

College of Banking and Financial Studies

SEMESTER: 1

Student Name
Student Number
Semester	Spring 2020
MARKS	100	Weightage	50%

Unit title	Quantitative methods for Business-1
Exam Paper Issue Date	14th May 2020
Type of Assessment	TAKE-HOME EXAMS
Submission Deadline	24th May 2020
Assessor:	Ms. Sonal Devesh
Internal Verifier:	Mr. Danish

Instructions to candidates:

1. This assessment is Take home exam which is a substitute of your Final exam. It is to be completed Individually.

2. Kindly include your Name and Student Number in the heading page above.

3. This Assessment accounts for 50% of the total marks available for this Module.

4. Answer All the Questions.

5. You are expected to Show all your workings clearly wherever needed.

6. Please start each answer on Fresh page.

2. Plagiarism is a form of cheating in which students use the work of others and present it as their own. Do not Allow another student to copy your work and then submit it under their own name. The college considers this form of cheating as a serious offence.

7. Please limit your discussions around the theoretical question to around 1100 - 1200 words.This assessment is mostly based on calculations, computations, and the correct application of management accounting concepts. All of your calculations should be shown in full into the main body of your answer.

8. Please be aware that your work will be submitted through Turnitin. You must only submit your own work including correct citations and references for any external materials used in your work.

Turnitin ID 24754959 Password QMB1FINAL

There are TWO Sections

Section A – All questions are compulsory (15×4) = 60 marks

1. Find the equation of the line which passes through (5,4) and has slope 6

2. The projected population of a city is given by P = 500000(1.17)t/10 where t is the number of years after 2005. What is the projected population in 2065.

3. Suppose S = {1,2, 3,4,5,6,7,8,9,10} is the sample space for an experiment with events E = {2,6,7} F={1,8, 10 } G = {1, 3, 5, 7, 9}

Find (a) E' ∩ F (b) (E U G ) ∩ F'

4. After the initial production run of a new style of steel desk, a quality control technician found that 50% of the desks had an alignment problem and 20% had both a defective paint job and an alignment problem. If a desk is randomly selected from this run, and it has an alignment problem, what is the probability that it also has a defective paint job?

Section B- All questions are compulsory (10 ×4 )= 40 marks

1. Find the graph for the following equation:

F(x)= x ; 0<x<5

= 2x-5; 4<x<7

= 4x ; 6<x<8

2. Find the amount for $50000for 10 years at 6% per annum compounded

(a)monthly (b) quarterly (c) daily (d) yearly

3. Find the future value for R.O 60000 for 10 years at 5% per annum compounded

(a) half –yearly(b) quarterly(c) daily(d) weekly

4. In 20 years you would like to have $40,000 saved for your child’s college education. At 10% annual interest, compounded monthly, what monthly deposit must be made to accomplish this goal?

End of Paper

Quantitative Methods for Business-1 – TAKE-HOME EXAMS – Spring 2020 Page 8