Series: MAY 2017

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QTB – May 2017 – L1 – SB – Q6a – Statistics

Calculate the monthly cost of replacing diodes based on failure probability and determine if a student can buy a gown based on expected money.

Question

i. The laptops that are purchased by a company have 742 diodes with a life span of five months. These diodes fail on a regular basis according to the following probability distribution:

Life (months)	1	2	3	4	5
Probability of failure	0.10	0.30	0.35	0.20	0.05

If the cost of replacing a diode is ₦100, calculate the monthly cost of replacing the diodes as they fail. (4 Marks)

ii. Tadet, a student in the Accountancy Department of a Polytechnic, has the following chances of receiving money from her relatives:

45% chance of receiving ₦5,000 from her sister,
33% chance of receiving ₦8,000 from her brother,
16% chance of receiving ₦11,000 from her aunt,
6% chance of receiving ₦15,000 from her uncle.

Determine if Tadet will be able to buy a gown worth ₦8,000 from the money she is expecting from her relatives. (6 Marks)

Answer

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Tags: Cost Calculation, Expected Value, Financial planning, Probability Distribution
Level: Level 1

Topic: Statistics
Series: MAY 2017

QTB – May 2017 – L1 – SB – Q6a – Statistics

Calculate the monthly cost of replacing diodes based on failure probability and determine if a student can buy a gown based on expected money.

Question

i. The laptops that are purchased by a company have 742 diodes with a life span of five months. These diodes fail on a regular basis according to the following probability distribution:

Life (months)	1	2	3	4	5
Probability of failure	0.10	0.30	0.35	0.20	0.05

If the cost of replacing a diode is ₦100, calculate the monthly cost of replacing the diodes as they fail. (4 Marks)

ii. Tadet, a student in the Accountancy Department of a Polytechnic, has the following chances of receiving money from her relatives:

45% chance of receiving ₦5,000 from her sister,
33% chance of receiving ₦8,000 from her brother,
16% chance of receiving ₦11,000 from her aunt,
6% chance of receiving ₦15,000 from her uncle.

Determine if Tadet will be able to buy a gown worth ₦8,000 from the money she is expecting from her relatives. (6 Marks)

Answer

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Tags: Cost Calculation, Expected Value, Financial planning, Probability Distribution
Level: Level 1

Topic: Statistics
Series: MAY 2017

QTB – May 2017 – L1 – SB – Q5a – Operations Research

Graph linear inequalities and identify the coordinates of the corner points of the shaded area.

Question

a. Given the following inequalities:

i. Graph them on the same graph sheet using the following scales: On x and y-axes, let 1 cm represent 250 units. (6½ Marks)

ii.

Shade the area in which these inequalities hold.
Determine the coordinates of the corner points of the above shaded area. (3½ Marks)

Answer

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Tags: Corner Points, Graphing, Linear Inequalities, Shaded Area
Level: Level 1

Topic: Operations Research
Series: MAY 2017

QTB – May 2017 – L1 – SB – Q5a – Operations Research

Graph linear inequalities and identify the coordinates of the corner points of the shaded area.

Question

a. Given the following inequalities:

i. Graph them on the same graph sheet using the following scales: On x and y-axes, let 1 cm represent 250 units. (6½ Marks)

ii.

Shade the area in which these inequalities hold.
Determine the coordinates of the corner points of the above shaded area. (3½ Marks)

Answer

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Tags: Corner Points, Graphing, Linear Inequalities, Shaded Area
Level: Level 1

Topic: Operations Research
Series: MAY 2017

QTB – May 2017 – L1 – SB – Q4b – Statistics

Identify non-basic variables in a transportation model and calculate the probability of a specific event in random disk selection.

Question

i. Given the following initial basic tableau of a transportation problem:

(note that the tiny numbers are the unit costs)

Identify the non-basic variables and compute their corresponding
relative cost coefficients. (4marks)

ii. A bag contains 39,800 white disks and 200 black disks from which
1,000 disks are taken at random. Calculate the probability that the
sample contains 4 black disks. (6marks)

Answer

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Tags: Non-basic Variables, Probability, Random Sampling, Relative Cost Coefficients, Transportation Problem
Level: Level 1

Topic: Statistics
Series: MAY 2017

QTB – May 2017 – L1 – SB – Q4b – Statistics

Identify non-basic variables in a transportation model and calculate the probability of a specific event in random disk selection.

Question

i. Given the following initial basic tableau of a transportation problem:

(note that the tiny numbers are the unit costs)

Identify the non-basic variables and compute their corresponding
relative cost coefficients. (4marks)

ii. A bag contains 39,800 white disks and 200 black disks from which
1,000 disks are taken at random. Calculate the probability that the
sample contains 4 black disks. (6marks)

Answer

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Tags: Non-basic Variables, Probability, Random Sampling, Relative Cost Coefficients, Transportation Problem
Level: Level 1

Topic: Statistics
Series: MAY 2017

QTB – May 2017 – L1 – SB – Q4a – Statistics

Calculate the proportion of damaged blocks and the probability of taking a damaged block from a specific lorry using a tree diagram.

Question

a. A fleet of lorries A, B, and C are loaded with blocks meant for a building site.
Lorry A carries of all the needed blocks, B carries of what lorry A carries, and lorry C carries the rest. Lorries A, B, and C contain 13%, 15%, and 11% damaged blocks, respectively.

By drawing a suitable tree diagram, calculate:
i. The proportion of damaged blocks in the fleet. (8 Marks)

ii. The probability of randomly taking a damaged block from lorry B. (2 Marks)

Answer

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Tags: Damaged Blocks, Probability, Tree Diagram
Level: Level 1

Topic: Statistics
Series: MAY 2017

QTB – May 2017 – L1 – SB – Q4a – Statistics

Calculate the proportion of damaged blocks and the probability of taking a damaged block from a specific lorry using a tree diagram.

Question

By drawing a suitable tree diagram, calculate:
i. The proportion of damaged blocks in the fleet. (8 Marks)

ii. The probability of randomly taking a damaged block from lorry B. (2 Marks)

Answer

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Tags: Damaged Blocks, Probability, Tree Diagram
Level: Level 1

Topic: Statistics
Series: MAY 2017

QTB – May 2017 – L1 – SB – Q3b – Data Collection Analysis

Find the regression equation between QTB and FA marks and estimate values.

Question

The table below gives the scores of seven candidates in Quantitative Techniques in Business (QTB) and Financial Accounting (FA) of ICAN Professional Examination:

QTB Marks (y)	50	72	36	64	52	56	80
FA Marks (x)	38	51	19	53	39	38	66

You are required to:
i. Obtain the regression equation if the mark in QTB is regressed on FA. (6 Marks)

ii. Obtain the estimate of mark in QTB, if the mark in FA is 60. (2 Marks)

iii. Obtain the estimate of mark in FA, if the mark in QTB is 75. (2 Marks)

Answer

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Tags: Correlation, Estimation, Regression Equation
Level: Level 1

Topic: Data Collection Analysis
Series: MAY 2017

QTB – May 2017 – L1 – SB – Q3b – Data Collection Analysis

Find the regression equation between QTB and FA marks and estimate values.

Question

The table below gives the scores of seven candidates in Quantitative Techniques in Business (QTB) and Financial Accounting (FA) of ICAN Professional Examination:

QTB Marks (y)	50	72	36	64	52	56	80
FA Marks (x)	38	51	19	53	39	38	66

You are required to:
i. Obtain the regression equation if the mark in QTB is regressed on FA. (6 Marks)

ii. Obtain the estimate of mark in QTB, if the mark in FA is 60. (2 Marks)

iii. Obtain the estimate of mark in FA, if the mark in QTB is 75. (2 Marks)

Answer

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Tags: Correlation, Estimation, Regression Equation
Level: Level 1

Topic: Data Collection Analysis
Series: MAY 2017

QTB – May 2017 – L1 – SB – Q3a – Mathematics

Determine the annual savings required to accumulate a future sum under annuity terms.

Question

A lawyer plans to save a certain amount of money per annum for 5 years on the first day of the year. If the interest rate is 8%, for him to receive N696,910.50, determine x. (10 Marks)

Answer

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Tags: Annuity, Interest Rate, Present Value, Savings
Level: Level 1

Topic: Mathematics
Series: MAY 2017

QTB – May 2017 – L1 – SB – Q3a – Mathematics

Determine the annual savings required to accumulate a future sum under annuity terms.

Question

A lawyer plans to save a certain amount of money per annum for 5 years on the first day of the year. If the interest rate is 8%, for him to receive N696,910.50, determine x. (10 Marks)

Answer

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Tags: Annuity, Interest Rate, Present Value, Savings
Level: Level 1

Topic: Mathematics
Series: MAY 2017

QTB – May 2017 – L1 – SB – Q2b – Data Collection and Analysis

Determine angles for pie chart representation and complete a project network diagram with project duration.

Question

i. The monthly expenditure (₦’000) of a household on some items are given as follows:

Item	Expenditure (₦’000)
Food	50
Transport	25
Utilities	35
Miscellaneous	10

Determine the angle which will represent each item on a pie chart. (6 Marks)

ii. The activities needed to complete a project with their durations (in weeks) are given below:

Activity	Preceding Activity	Duration (weeks)
A	–	4
B	–	6
C	A	8
D	B	12
E	B	11
F	C, D	9

You are required to draw the activity-on-arrow network diagram for the project and determine the duration of the project. (4 Marks)

Answer

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Tags: Critical Path Method, Network Diagram, Pie Chart
Level: Level 1

Topic: Data Collection Analysis
Series: MAY 2017

QTB – May 2017 – L1 – SB – Q2b – Data Collection and Analysis

Determine angles for pie chart representation and complete a project network diagram with project duration.

Question

i. The monthly expenditure (₦’000) of a household on some items are given as follows:

Item	Expenditure (₦’000)
Food	50
Transport	25
Utilities	35
Miscellaneous	10

Determine the angle which will represent each item on a pie chart. (6 Marks)

ii. The activities needed to complete a project with their durations (in weeks) are given below:

Activity	Preceding Activity	Duration (weeks)
A	–	4
B	–	6
C	A	8
D	B	12
E	B	11
F	C, D	9

You are required to draw the activity-on-arrow network diagram for the project and determine the duration of the project. (4 Marks)

Answer

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Tags: Critical Path Method, Network Diagram, Pie Chart
Level: Level 1

Topic: Data Collection Analysis
Series: MAY 2017

QTB – May 2017 – L1 – SB – Q2a – Statistics

Probability calculations for dice roll and random sampling in block production.

Question

i. A six-sided and fair die is thrown into the air. What is the probability:

Of NOT getting a SIX?
That either a THREE, a FOUR, or a FIVE will fall uppermost?
Of obtaining an even number?
(5 Marks)

ii. A block-making factory produces TWO types of blocks: 6-inch and 9-inch. ONE quarter of its output on a particular day are 6-inch blocks, while the remaining three-quarters are 9-inch blocks. If samples of 3 are taken at random, what is the probability of obtaining:

One 6-inch block?
Two 6-inch blocks?
One or two 6-inch blocks?
(5 Marks)

Answer

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Tags: Block Manufacturing, Dice, Probability, Sampling
Level: Level 1

Topic: Statistics
Series: MAY 2017

QTB – May 2017 – L1 – SB – Q2a – Statistics

Probability calculations for dice roll and random sampling in block production.

Question

i. A six-sided and fair die is thrown into the air. What is the probability:

Of NOT getting a SIX?
That either a THREE, a FOUR, or a FIVE will fall uppermost?
Of obtaining an even number?
(5 Marks)

One 6-inch block?
Two 6-inch blocks?
One or two 6-inch blocks?
(5 Marks)

Answer

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Tags: Block Manufacturing, Dice, Probability, Sampling
Level: Level 1

Topic: Statistics
Series: MAY 2017

QTB – May 2017 – L1 – SB – Q1b – Data Collection Analysis

Construct a histogram and determine the modal wage from the wage distribution data.

Question

b. The table below shows the weekly wage distribution of artisans in a certain factory:

Weekly Wage (₦’00)	Number of Artisans
38 – 47	16
48 – 57	24
58 – 67	41
68 – 77	53
78 – 87	76
88 – 97	118
98 – 107	224
108 – 117	83
118 – 127	15
128 – 137	4

i. Draw a histogram to represent the wage distribution using the scales: On x-axis, let 1 cm represent ₦100; on y-axis, let 1 cm represent 10 artisans. (4 Marks)

ii. Deduce the modal weekly wage from the histogram. (2½ Marks)

iii. Use the appropriate formula to calculate the modal weekly wage. (3½ Marks)

Answer

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Tags: Histogram, Modal Wage, Wage Distribution
Level: Level 1

Topic: Data Collection Analysis
Series: MAY 2017

QTB – May 2017 – L1 – SB – Q1b – Data Collection Analysis

Construct a histogram and determine the modal wage from the wage distribution data.

Question

b. The table below shows the weekly wage distribution of artisans in a certain factory:

Weekly Wage (₦’00)	Number of Artisans
38 – 47	16
48 – 57	24
58 – 67	41
68 – 77	53
78 – 87	76
88 – 97	118
98 – 107	224
108 – 117	83
118 – 127	15
128 – 137	4

i. Draw a histogram to represent the wage distribution using the scales: On x-axis, let 1 cm represent ₦100; on y-axis, let 1 cm represent 10 artisans. (4 Marks)

ii. Deduce the modal weekly wage from the histogram. (2½ Marks)

iii. Use the appropriate formula to calculate the modal weekly wage. (3½ Marks)

Answer

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Tags: Histogram, Modal Wage, Wage Distribution
Level: Level 1

Topic: Data Collection Analysis
Series: MAY 2017

QTB – May 2017 – L1 – SB – Q1a – Mathematics

Machine replacement time and net earnings calculation considering repair costs.

Question

a. A manufacturing company has purchased a machine generating earnings (₦’000) at time t of , where t is in years. The repair and maintenance cost at time t is
You are required to:

i. Determine when the machine should be replaced, assuming it has a zero salvage value. (4 Marks)

ii. Determine the total net earnings, including the cost of repairs and maintenance within the period of 11 years. (6 Marks)

Answer

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Tags: Depreciation, Machine Replacement, Net Earnings
Level: Level 1

Topic: Mathematics
Series: MAY 2017

QTB – May 2017 – L1 – SB – Q1a – Mathematics

Machine replacement time and net earnings calculation considering repair costs.

Question

a. A manufacturing company has purchased a machine generating earnings (₦’000) at time t of , where t is in years. The repair and maintenance cost at time t is
You are required to:

i. Determine when the machine should be replaced, assuming it has a zero salvage value. (4 Marks)

ii. Determine the total net earnings, including the cost of repairs and maintenance within the period of 11 years. (6 Marks)

Answer

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Tags: Depreciation, Machine Replacement, Net Earnings
Level: Level 1

Topic: Mathematics
Series: MAY 2017

BMF – May 2017 – L1 – SA – Q17 – Basic Management Functions

Multiple-choice question on situations where it is difficult to measure qualitative performance in quantitative terms.

Question

17. Which of the following options best describes a case where it may be extremely difficult to measure qualitative performance in quantitative terms?

A. ‘High quality’
B. ‘Being the ‘best’
C. ‘Brand recognition’
D. ‘Better than competitors’
E. ‘Meeting customer needs’

Answer

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Tags: Management, Performance metrics, Qualitative Performance
Level: Level 1

Topic: Basic Management Functions
Series: MAY 2017

BMF – May 2017 – L1 – SA – Q17 – Basic Management Functions

Multiple-choice question on situations where it is difficult to measure qualitative performance in quantitative terms.

Question

17. Which of the following options best describes a case where it may be extremely difficult to measure qualitative performance in quantitative terms?

A. ‘High quality’
B. ‘Being the ‘best’
C. ‘Brand recognition’
D. ‘Better than competitors’
E. ‘Meeting customer needs’

Answer

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Tags: Management, Performance metrics, Qualitative Performance
Level: Level 1

Topic: Basic Management Functions
Series: MAY 2017

BMF – May 2017 – L1 – SA – Q16 – Basics of Business Finance and Financial Markets

Multiple-choice question on identifying a source that is not typical for long-term capital.

Question

Which of the following is NOT a main source of long-term capital?

A. Venture capital
B. Equity finance
C. Debt factoring
D. Lease finance
E. Debt finance

Answer

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Tags: Capital structure, Financing, Long-term Capital
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAY 2017

BMF – May 2017 – L1 – SA – Q16 – Basics of Business Finance and Financial Markets

Multiple-choice question on identifying a source that is not typical for long-term capital.

Question

Which of the following is NOT a main source of long-term capital?

A. Venture capital
B. Equity finance
C. Debt factoring
D. Lease finance
E. Debt finance

Answer

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Tags: Capital structure, Financing, Long-term Capital
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAY 2017

BMF – May 2017 – L1 – SA – Q15 – Management, Individual, and Organisational Behaviour

Multiple-choice question on identifying the approach associated with Operations Research.

Question

Operations Research (OR) is associated with ……………. approach.

A. Human relations
B. Classical
C. Bureaucratic
D. Management science
E. Scientific management

Answer

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Tags: Management Science, Operations Research, Organizational Theories
Level: Level 1

Topic: Management, Individual, and Organizational Behavior
Series: MAY 2017

BMF – May 2017 – L1 – SA – Q15 – Management, Individual, and Organisational Behaviour

Multiple-choice question on identifying the approach associated with Operations Research.

Question

Operations Research (OR) is associated with ……………. approach.

A. Human relations
B. Classical
C. Bureaucratic
D. Management science
E. Scientific management

Answer

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Tags: Management Science, Operations Research, Organizational Theories
Level: Level 1

Topic: Management, Individual, and Organizational Behavior
Series: MAY 2017

BMF – May 2017 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets

Multiple-choice question on calculating the future value of an investment using compound interest.

Question

You recently won ₦50 million from the popular NTA show “Who wants to be a billionaire?” A financial expert counselled that you invest the money in a bank at 6% interest rate per annum. How much will you have at the end of ten years?

A. N88,550,000
B. N89,550,000
C. N90,550,000
D. N91,550,000
E. N92,550,000

Answer

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Tags: Compound Interest, Financial Mathematics, Investment
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAY 2017

BMF – May 2017 – L1 – SA – Q14 – Basics of Business Finance and Financial Markets

Multiple-choice question on calculating the future value of an investment using compound interest.

Question

A. N88,550,000
B. N89,550,000
C. N90,550,000
D. N91,550,000
E. N92,550,000

Answer

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Tags: Compound Interest, Financial Mathematics, Investment
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAY 2017

BMF – May 2017 – L1 – SA – Q13 – Management, Individual, and Organizational Behaviour

Multiple-choice question on identifying a theorist associated with Classical Theories of Management.

Question

Which of the following is a theorist associated with the Classical Theories of Management?

A. Peter Drucker
B. William Ouchi
C. Henri Fayol
D. Douglas McGregor
E. Rosabeth M. Kanter

Answer

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Tags: Classical Management Theory, Management Theorists, Organizational Behaviour
Level: Level 1

Topic: Management, Individual, and Organizational Behavior
Series: MAY 2017

BMF – May 2017 – L1 – SA – Q13 – Management, Individual, and Organizational Behaviour

Multiple-choice question on identifying a theorist associated with Classical Theories of Management.

Question

Which of the following is a theorist associated with the Classical Theories of Management?

A. Peter Drucker
B. William Ouchi
C. Henri Fayol
D. Douglas McGregor
E. Rosabeth M. Kanter

Answer

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Tags: Classical Management Theory, Management Theorists, Organizational Behaviour
Level: Level 1

Topic: Management, Individual, and Organizational Behavior
Series: MAY 2017

BMF – May 2017 – L1 – SA – Q12 – Investment Decisions

Multiple-choice question on non-financial considerations in investment decisions.

Question

Which of the following is NOT regarded as a non-financial consideration in investment decisions?

A. Payback
B. Reliability
C. Efficiency
D. Speed of service
E. Customer satisfaction

Answer

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Tags: Financial Considerations, Investment, Non-Financial Considerations
Level: Level 1

Topic: Investment Decisions
Series: MAY 2017

BMF – May 2017 – L1 – SA – Q12 – Investment Decisions

Multiple-choice question on non-financial considerations in investment decisions.

Question

Which of the following is NOT regarded as a non-financial consideration in investment decisions?

A. Payback
B. Reliability
C. Efficiency
D. Speed of service
E. Customer satisfaction

Answer

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Tags: Financial Considerations, Investment, Non-Financial Considerations
Level: Level 1

Topic: Investment Decisions
Series: MAY 2017

BMF – May 2017 – L1 – SA – Q11 – Business and Organizational Structures and Choices

Multiple-choice question on identifying a form of strategic alliance.

Question

Which of the following is a strategic alliance?

A. Joint venture
B. People alliance
C. Geographic specific
D. Investment
E. Sale

Answer

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Tags: Business Agreements, Joint Ventures, Strategic Alliances
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2017

BMF – May 2017 – L1 – SA – Q11 – Business and Organizational Structures and Choices

Multiple-choice question on identifying a form of strategic alliance.

Question

Which of the following is a strategic alliance?

A. Joint venture
B. People alliance
C. Geographic specific
D. Investment
E. Sale

Answer

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Tags: Business Agreements, Joint Ventures, Strategic Alliances
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2017

BMF – May 2017 – L1 – SA – Q10 – Basics of Business Finance and Financial Markets

Multiple-choice question on identifying an unusual source of short-term finance.

Question

Which of the following is NOT a usual source of short-term finance?
A. Short-term bank loans
B. Commercial paper
C. Trade payables
D. Bank overdraft
E. Lease finance

Answer

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Tags: Business Finance, Financial Sources, Short-term Finance
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAY 2017

BMF – May 2017 – L1 – SA – Q10 – Basics of Business Finance and Financial Markets

Multiple-choice question on identifying an unusual source of short-term finance.

Question

Which of the following is NOT a usual source of short-term finance?
A. Short-term bank loans
B. Commercial paper
C. Trade payables
D. Bank overdraft
E. Lease finance

Answer

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Tags: Business Finance, Financial Sources, Short-term Finance
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: MAY 2017

BMF – May 2017 – L1 – SA – Q9 – Business and Organizational Structures and Choices

Multiple-choice question on the document specifying obligations and rights in a business partnership.

Question

A business partnership is an entity in which two or more individuals share the ownership of the business. The document which specifies the obligations and rights of each partner is called

A. A partnership deed
B. A contract
C. An article of association
D. A memorandum of association
E. A tort

Answer

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Tags: Business Agreements, Business Partnership, Partnership Deed
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2017

BMF – May 2017 – L1 – SA – Q9 – Business and Organizational Structures and Choices

Multiple-choice question on the document specifying obligations and rights in a business partnership.

Question

A business partnership is an entity in which two or more individuals share the ownership of the business. The document which specifies the obligations and rights of each partner is called

A. A partnership deed
B. A contract
C. An article of association
D. A memorandum of association
E. A tort

Answer

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Tags: Business Agreements, Business Partnership, Partnership Deed
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2017

MF – May 2017 – L1 – SA – Q8 – Basic Management Functions

Multiple-choice question on the role of the administration function within an organization.

Question

The administration function of an organisation is

A. Pollution control and waste disposal
B. Direct selling by sales executives
C. Ensuring compliance with regulations
D. Obtaining new funds from the financial markets
E. Delivering products to customers

Answer

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Tags: Administration, Management, Organizational functions
Level: Level 1

Topic: Basic Management Functions
Series: MAY 2017

MF – May 2017 – L1 – SA – Q8 – Basic Management Functions

Multiple-choice question on the role of the administration function within an organization.

Question

The administration function of an organisation is

Answer

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Tags: Administration, Management, Organizational functions
Level: Level 1

Topic: Basic Management Functions
Series: MAY 2017

Series: MAY 2017

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QTB – May 2017 – L1 – SB – Q6a – Statistics

Calculate the monthly cost of replacing diodes based on failure probability and determine if a student can buy a gown based on expected money.

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Calculate the monthly cost of replacing diodes based on failure probability and determine if a student can buy a gown based on expected money.

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QTB – May 2017 – L1 – SB – Q5a – Operations Research

Graph linear inequalities and identify the coordinates of the corner points of the shaded area.

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QTB – May 2017 – L1 – SB – Q5a – Operations Research

Graph linear inequalities and identify the coordinates of the corner points of the shaded area.

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QTB – May 2017 – L1 – SB – Q4b – Statistics

Identify non-basic variables in a transportation model and calculate the probability of a specific event in random disk selection.

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Identify non-basic variables in a transportation model and calculate the probability of a specific event in random disk selection.

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QTB – May 2017 – L1 – SB – Q4a – Statistics

Calculate the proportion of damaged blocks and the probability of taking a damaged block from a specific lorry using a tree diagram.

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QTB – May 2017 – L1 – SB – Q4a – Statistics

Calculate the proportion of damaged blocks and the probability of taking a damaged block from a specific lorry using a tree diagram.

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QTB – May 2017 – L1 – SB – Q3b – Data Collection Analysis

Find the regression equation between QTB and FA marks and estimate values.

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QTB – May 2017 – L1 – SB – Q3b – Data Collection Analysis

Find the regression equation between QTB and FA marks and estimate values.

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QTB – May 2017 – L1 – SB – Q3a – Mathematics

Determine the annual savings required to accumulate a future sum under annuity terms.

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QTB – May 2017 – L1 – SB – Q3a – Mathematics

Determine the annual savings required to accumulate a future sum under annuity terms.

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QTB – May 2017 – L1 – SB – Q2b – Data Collection and Analysis

Determine angles for pie chart representation and complete a project network diagram with project duration.

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QTB – May 2017 – L1 – SB – Q2b – Data Collection and Analysis

Determine angles for pie chart representation and complete a project network diagram with project duration.

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QTB – May 2017 – L1 – SB – Q2a – Statistics

Probability calculations for dice roll and random sampling in block production.

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QTB – May 2017 – L1 – SB – Q2a – Statistics

Probability calculations for dice roll and random sampling in block production.

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QTB – May 2017 – L1 – SB – Q1b – Data Collection Analysis

Construct a histogram and determine the modal wage from the wage distribution data.

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QTB – May 2017 – L1 – SB – Q1b – Data Collection Analysis

Construct a histogram and determine the modal wage from the wage distribution data.

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QTB – May 2017 – L1 – SB – Q1a – Mathematics

Machine replacement time and net earnings calculation considering repair costs.

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QTB – May 2017 – L1 – SB – Q1a – Mathematics

Machine replacement time and net earnings calculation considering repair costs.

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BMF – May 2017 – L1 – SA – Q17 – Basic Management Functions

Multiple-choice question on situations where it is difficult to measure qualitative performance in quantitative terms.

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BMF – May 2017 – L1 – SA – Q17 – Basic Management Functions

Multiple-choice question on situations where it is difficult to measure qualitative performance in quantitative terms.

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BMF – May 2017 – L1 – SA – Q16 – Basics of Business Finance and Financial Markets

Multiple-choice question on identifying a source that is not typical for long-term capital.

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BMF – May 2017 – L1 – SA – Q16 – Basics of Business Finance and Financial Markets

Multiple-choice question on identifying a source that is not typical for long-term capital.

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BMF – May 2017 – L1 – SA – Q15 – Management, Individual, and Organisational Behaviour

Multiple-choice question on identifying the approach associated with Operations Research.