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

BL – May 2017 – L1 – SB – Q6d – Law Relating to Banking

Discusses the conditions under which electronic evidence, such as a customer's online transaction, can be admitted in court under Nigerian law.

Question

Electronic evidence is currently admissible under the Nigerian law.

Required:
On which condition could a customer’s online transaction be admitted in evidence?

Answer

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Tags: Admissibility, Electronic Evidence, Legal Requirements
Level: Level 1

Topic: Law Relating to Banking
Series: MAY 2017

BL – May 2017 – L1 – SB – Q6d – Law Relating to Banking

Discusses the conditions under which electronic evidence, such as a customer's online transaction, can be admitted in court under Nigerian law.

Question

Electronic evidence is currently admissible under the Nigerian law.

Required:
On which condition could a customer’s online transaction be admitted in evidence?

Answer

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Tags: Admissibility, Electronic Evidence, Legal Requirements
Level: Level 1

Topic: Law Relating to Banking
Series: MAY 2017

BL – May 2017 – L1 – SB – Q6c – Negotiable Instruments

Identification and explanation of the characteristics of an Order Bill and a Bearer Bill under negotiable instruments law.

Question

A Bill may be an “Order Bill” or a “Bearer Bill”.

Required:
i. State the two factors for identifying an “Order Bill”. (2 Marks)
ii. Explain briefly a “Bearer Bill”. (2 Marks)

Answer

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Tags: Bearer Bill, Identification of Bills, Negotiable Instruments, Order Bill
Level: Level 1

Topic: Negotiable Instruments
Series: MAY 2017

BL – May 2017 – L1 – SB – Q6c – Negotiable Instruments

Identification and explanation of the characteristics of an Order Bill and a Bearer Bill under negotiable instruments law.

Question

A Bill may be an “Order Bill” or a “Bearer Bill”.

Required:
i. State the two factors for identifying an “Order Bill”. (2 Marks)
ii. Explain briefly a “Bearer Bill”. (2 Marks)

Answer

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Tags: Bearer Bill, Identification of Bills, Negotiable Instruments, Order Bill
Level: Level 1

Topic: Negotiable Instruments
Series: MAY 2017

BL – May 2017 – L1 – SB – Q6b – Law of Trusts

Discusses two methods of creating a private trust under trust law.

Question

A private trust is classified into three broad categories.

Required:
Explain briefly two ways of creating a private trust.

Answer

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Tags: Creation of Trusts, Private Trusts, Trust Law
Level: Level 1

Topic: Law of Trusts
Series: MAY 2017

BL – May 2017 – L1 – SB – Q6b – Law of Trusts

Discusses two methods of creating a private trust under trust law.

Question

A private trust is classified into three broad categories.

Required:
Explain briefly two ways of creating a private trust.

Answer

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Tags: Creation of Trusts, Private Trusts, Trust Law
Level: Level 1

Topic: Law of Trusts
Series: MAY 2017

BL – May 2017 – L1 – SB – Q6a – Employment Law

Explains the remedies available to an employer under employment law against employees involved in misconduct.

Question

Kukute employed Uthdom to oversee the Customer Relations Department of his business. He also employed Dunga as the Head of Haulage Division of the business. Last week, Police officers from the Divisional Headquarters arrested Dunga because a pistol was found in the luggage of a passenger on Kukute’s truck that Dunga was driving. Dunga claims that he gave the person a ride because he is his neighbour. The Police have arrested Dunga and impounded Kukute’s truck. A customer of Kukute also wrote a petition to him, alleging that Uthdom takes gratification from customers.

Required:
Explain briefly the remedies that Kukute has against Dunga and Uthdom respectively under employment law.

Answer

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Tags: Employee Misconduct, Employer Rights, Employment Law, Remedies
Level: Level 1

Topic: Employment law
Series: MAY 2017

BL – May 2017 – L1 – SB – Q6a – Employment Law

Explains the remedies available to an employer under employment law against employees involved in misconduct.

Question

Required:
Explain briefly the remedies that Kukute has against Dunga and Uthdom respectively under employment law.

Answer

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Tags: Employee Misconduct, Employer Rights, Employment Law, Remedies
Level: Level 1

Topic: Employment law
Series: MAY 2017

BL – May 2017 – L1 – SB – Q5f – Law of Contract

Explains the process of offer and acceptance in an insurance contract.

Question

A contract of insurance has elements of offer and acceptance.

Required:
Explain briefly the making of offer and acceptance in insurance contracts.

Answer

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Tags: Formation of Contracts, Insurance Contracts, Offer and Acceptance
Level: Level 1

Topic: Law of Contract
Series: MAY 2017

BL – May 2017 – L1 – SB – Q5f – Law of Contract

Explains the process of offer and acceptance in an insurance contract.

Question

A contract of insurance has elements of offer and acceptance.

Required:
Explain briefly the making of offer and acceptance in insurance contracts.

Answer

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Tags: Formation of Contracts, Insurance Contracts, Offer and Acceptance
Level: Level 1

Topic: Law of Contract
Series: MAY 2017

BL – May 2017 – L1 – SB – Q5e – Hire Purchase, Consumer Credit Transactions

Identifies remedies available to a hirer in a hire purchase contract.

Question

State TWO remedies of a hirer in a Hire Purchase contract.

Answer

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Tags: Consumer Law, Hire Purchase, Remedies
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: MAY 2017

BL – May 2017 – L1 – SB – Q5e – Hire Purchase, Consumer Credit Transactions

Identifies remedies available to a hirer in a hire purchase contract.

Question

State TWO remedies of a hirer in a Hire Purchase contract.

Answer

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Tags: Consumer Law, Hire Purchase, Remedies
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: MAY 2017

BL – May 2017 – L1 – SB – Q5d – Sale of Goods

Identifies the implied conditions in a contract of sale where goods are sold by sample.

Question

There are implied conditions in all contracts of sale of goods.

Required:
Where goods are sold by sample, which conditions are implied?

Answer

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Tags: Implied Conditions, Sale by Sample, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2017

BL – May 2017 – L1 – SB – Q5d – Sale of Goods

Identifies the implied conditions in a contract of sale where goods are sold by sample.

Question

There are implied conditions in all contracts of sale of goods.

Required:
Where goods are sold by sample, which conditions are implied?

Answer

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Tags: Implied Conditions, Sale by Sample, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: MAY 2017

BL – May 2017 – L1 – SB – Q5c – Law of Tort | Agency Law

Discusses whether a principal (Kalu) is liable for the negligent advice given by his agent (Kazeem) in his absence.

Question

While Kalu was away, Kazeem acted for him as the manager of KK Firm. In the process, Kazeem gave a client a wrong advice, although Kalu had advised Kazeem to refrain from giving such an advice in his absence.

Required:
Explain briefly whether or not Kalu is liable in tort to the client.

Answer

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Tags: Agency Law, Negligent Advice, Tort Liability
Level: Level 1

Topic: Agency Law, Law of Tort
Series: MAY 2017

BL – May 2017 – L1 – SB – Q5c – Law of Tort | Agency Law

Discusses whether a principal (Kalu) is liable for the negligent advice given by his agent (Kazeem) in his absence.

Question

Required:
Explain briefly whether or not Kalu is liable in tort to the client.

Answer

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Tags: Agency Law, Negligent Advice, Tort Liability
Level: Level 1

Topic: Agency Law, Law of Tort
Series: MAY 2017

BL – May 2017 – L1 – SB – Q5b – Agency Law

Identifies the rights that an agent is entitled to under the law.

Question

Agents have rights that the law accords them.

Required:
State THREE rights of an agent.

Answer

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Tags: Agency Law, Contractual Rights, Rights of Agents
Level: Level 1

Topic: Agency Law
Series: MAY 2017

BL – May 2017 – L1 – SB – Q5b – Agency Law

Identifies the rights that an agent is entitled to under the law.

Question

Agents have rights that the law accords them.

Required:
State THREE rights of an agent.

Answer

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Tags: Agency Law, Contractual Rights, Rights of Agents
Level: Level 1

Topic: Agency Law
Series: MAY 2017

BL – May 2017 – L1 – SB – Q5a – Company Law

Advises on the distribution of profits and reserve funds based on the provisions of the Banks and Other Financial Institutions Act.

Question

The Directors of Kitanga Bank Plc intend to please the shareholders of the bank by ensuring that they distribute all the profits of the bank as dividends without any fund conservation. They plan to do that so that the shareholders may vote to retain them in office. The bank’s paid-up capital is less than its reserve.

Required:
As the Company Secretary of Kitanga Bank Plc with knowledge of the Banks and Other Financial Institutions Act, advise the bank on reserve funds.

Answer

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Tags: Banks and Financial Institutions Act, Corporate Governance, Dividend Distribution, Reserve Funds
Level: Level 1

Topic: Company Law
Series: MAY 2017

BL – May 2017 – L1 – SB – Q5a – Company Law

Advises on the distribution of profits and reserve funds based on the provisions of the Banks and Other Financial Institutions Act.

Question

Required:
As the Company Secretary of Kitanga Bank Plc with knowledge of the Banks and Other Financial Institutions Act, advise the bank on reserve funds.

Answer

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Tags: Banks and Financial Institutions Act, Corporate Governance, Dividend Distribution, Reserve Funds
Level: Level 1

Topic: Company Law
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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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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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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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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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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BL – May 2017 – L1 – SB – Q6d – Law Relating to Banking

Discusses the conditions under which electronic evidence, such as a customer's online transaction, can be admitted in court under Nigerian law.

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BL – May 2017 – L1 – SB – Q6d – Law Relating to Banking

Discusses the conditions under which electronic evidence, such as a customer's online transaction, can be admitted in court under Nigerian law.

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BL – May 2017 – L1 – SB – Q6c – Negotiable Instruments

Identification and explanation of the characteristics of an Order Bill and a Bearer Bill under negotiable instruments law.

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BL – May 2017 – L1 – SB – Q6c – Negotiable Instruments

Identification and explanation of the characteristics of an Order Bill and a Bearer Bill under negotiable instruments law.

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BL – May 2017 – L1 – SB – Q6b – Law of Trusts

Discusses two methods of creating a private trust under trust law.