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 – SA – Q15 – Hire Purchase and Consumer Credit Transactions

Identifies a right that is not available to the hirer in a hire purchase contract.

Question

The hirer, in a hire purchase contract, has the following rights EXCEPT the right to
A. Use the goods
B. Quiet possession of the goods
C. Know the exact installments to be paid
D. Choose the insurer if the goods is motor vehicle
E. Repossess the goods

Answer

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Tags: Consumer Credit, Contract Law, Hire Purchase, Rights of Hirer
Level: Level 1

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

BL – May 2017 – L1 – SA – Q15 – Hire Purchase and Consumer Credit Transactions

Identifies a right that is not available to the hirer in a hire purchase contract.

Question

Answer

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Tags: Consumer Credit, Contract Law, Hire Purchase, Rights of Hirer
Level: Level 1

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

BL – May 2017 – L1 – SA – Q14 – Sale of Goods

Identifies the type of transfer involved in a sale of goods transaction.

Question

Sale, in a sale of goods transaction, is the transfer of
A. Possession
B. Possession and property
C. Property
D. Bailment
E. Merchantable quantity

Answer

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Tags: Contract Law, Possession, Sale of Goods, Transfer of Property
Level: Level 1

Topic: Sale of Goods
Series: MAY 2017

BL – May 2017 – L1 – SA – Q14 – Sale of Goods

Identifies the type of transfer involved in a sale of goods transaction.

Question

Sale, in a sale of goods transaction, is the transfer of
A. Possession
B. Possession and property
C. Property
D. Bailment
E. Merchantable quantity

Answer

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Tags: Contract Law, Possession, Sale of Goods, Transfer of Property
Level: Level 1

Topic: Sale of Goods
Series: MAY 2017

BL – May 2017 – L1 – SA – Q13 – Law of Tort

Identifying a necessary element for a claim to be grounded in negligence.

Question

For an action to be grounded in negligence, there must be
A. Premeditation of harm
B. Real threat
C. Aggravation of harm
D. Contributory carelessness
E. Consequential damage to the plaintiff

Answer

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Level: Level 1

Topic: Law of Tort
Series: MAY 2017

BL – May 2017 – L1 – SA – Q13 – Law of Tort

Identifying a necessary element for a claim to be grounded in negligence.

Question

For an action to be grounded in negligence, there must be
A. Premeditation of harm
B. Real threat
C. Aggravation of harm
D. Contributory carelessness
E. Consequential damage to the plaintiff

Answer

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Tags: Elements of Negligence, Legal Responsibility, Negligence, Tort Law
Level: Level 1

Topic: Law of Tort
Series: MAY 2017

BL – May 2017 – L1 – SA – Q12 – Agency Law

Definition of ratification in the context of agency law.

Question

In the law of agency, ratification is equal to
A. Ex post facto authority
B. Posterior authority
C. Antecedent authority
D. Exterior authority
E. Conveyed authority

Answer

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Tags: Agency Law, Authority, Contract Law, Ratification
Level: Level 1

Topic: Agency Law
Series: MAY 2017

BL – May 2017 – L1 – SA – Q12 – Agency Law

Definition of ratification in the context of agency law.

Question

In the law of agency, ratification is equal to
A. Ex post facto authority
B. Posterior authority
C. Antecedent authority
D. Exterior authority
E. Conveyed authority

Answer

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Tags: Agency Law, Authority, Contract Law, Ratification
Level: Level 1

Topic: Agency Law
Series: MAY 2017

BL – May 2017 – L1 – SA – Q11 – Law of Contract

Identifies which scenario does not constitute an exception to the rule on privity of contract.

Question

Which of the following is NOT an exception to the rule on privity of contract?
A. Third party right of action under the Motor Vehicles (Third Party Insurance Act)
B. Trustee’s right of action
C. Agency with power of attorney
D. Restrictive Covenant
E. Trade customs

Answer

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Level: Level 1

Topic: Law of Contract
Series: MAY 2017

BL – May 2017 – L1 – SA – Q11 – Law of Contract

Identifies which scenario does not constitute an exception to the rule on privity of contract.

Question

Answer

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Level: Level 1

Topic: Law of Contract
Series: MAY 2017

BL – May 2017 – L1 – SA – Q10 – Business Ethics and Corporate Governance

Identifying a method to authenticate an email message.

Question

A statement in an e-mail message could be authenticated by
A. Comparing the e-mail message with other self-authenticating e-mail messages
B. The testimony of a related witness
C. Some common features of the accepted e-mail message
D. The oral evidence of a computer operator
E. Franking processes

Answer

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Tags: Business Communication, Cybersecurity, Email Authentication
Level: Level 1

Topic: Business Ethics and Corporate Governance
Series: MAY 2017

BL – May 2017 – L1 – SA – Q10 – Business Ethics and Corporate Governance

Identifying a method to authenticate an email message.

Question

Answer

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Level: Level 1

Topic: Business Ethics and Corporate Governance
Series: MAY 2017

BL – May 2017 – L1 – SA – Q9 – Law Relating to Banking

Identifying a non-purpose of the Money Laundering Act.

Question

Which of the following is NOT a purpose of the Money Laundering (Prohibition) Act?
A. Limiting the amount of cash withdrawal from bank account
B. Regulating public cash procurement
C. Regulation of over-the-counter exchange transaction
D. Provision of proper means of identifying bank customers
E. Enabling the National Drug Law Enforcement Agency to place surveillance on bank account

Answer

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Level: Level 1

Topic: Law Relating to Banking
Series: MAY 2017

BL – May 2017 – L1 – SA – Q9 – Law Relating to Banking

Identifying a non-purpose of the Money Laundering Act.

Question

Answer

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Level: Level 1

Topic: Law Relating to Banking
Series: MAY 2017

BL – May 2017 – L1 – SA – Q8 – Business Ethics and Corporate Governance

Identifying an exception to fraudulent intents.

Question

Fraudulent intents include the following EXCEPT an intent to
A. Permanently deprive the owner of the thing
B. Use the thing as a pledge or security
C. Part with a thing on a condition as to its return that the person taking it may be unable to perform
D. Deal with the thing in such manner that it cannot be returned in substantially the same condition as it was when it was taken
E. Use it for a limited time

Answer

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Level: Level 1

Topic: Business Ethics and Corporate Governance
Series: MAY 2017

BL – May 2017 – L1 – SA – Q8 – Business Ethics and Corporate Governance

Identifying an exception to fraudulent intents.

Question

Answer

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Level: Level 1

Topic: Business Ethics and Corporate Governance
Series: MAY 2017

BL – May 2017 – L1 – SA – Q7 – Business Ethics and Corporate Governance

Identifying a non-function of an ethical code.

Question

Which of the following is NOT a function of an ethical code?
A. Administration by a professional body
B. Moral persuasion against wrongdoing
C. Regulation of professional conduct
D. Ensuring high standard of conduct
E. Protection of vulnerable consumers against the excesses of service providers

Answer

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Topic: Business Ethics and Corporate Governance
Series: MAY 2017

BL – May 2017 – L1 – SA – Q7 – Business Ethics and Corporate Governance

Identifying a non-function of an ethical code.

Question

Answer

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Level: Level 1

Topic: Business Ethics and Corporate Governance
Series: MAY 2017

BL – May 2017 – L1 – SA – Q6 – Company Law

Identifying non-inclusion in the tests for insolvency under Companies and Allied Matters Act.

Question

Under the Companies and Allied Matters Act, the tests for insolvency do NOT include
A. Inability of a company to pay a debt exceeding ₦2,000 three weeks after demand
B. The existence of court process issued in respect of a judgment debt
C. A court ruling that the company is unable to pay its debts
D. The existence of company’s liability in excess of its assets
E. Outstanding debts owed by the company in excess of one billion naira

Answer

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Level: Level 1

Topic: Company Law
Series: MAY 2017

BL – May 2017 – L1 – SA – Q6 – Company Law

Identifying non-inclusion in the tests for insolvency under Companies and Allied Matters Act.

Question

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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 – SA – Q15 – Hire Purchase and Consumer Credit Transactions

Identifies a right that is not available to the hirer in a hire purchase contract.

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BL – May 2017 – L1 – SA – Q15 – Hire Purchase and Consumer Credit Transactions

Identifies a right that is not available to the hirer in a hire purchase contract.

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BL – May 2017 – L1 – SA – Q14 – Sale of Goods

Identifies the type of transfer involved in a sale of goods transaction.

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BL – May 2017 – L1 – SA – Q14 – Sale of Goods

Identifies the type of transfer involved in a sale of goods transaction.

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BL – May 2017 – L1 – SA – Q13 – Law of Tort

Identifying a necessary element for a claim to be grounded in negligence.