QUANTITATIVE METHODSITING

February 08, 2012 Module A

Question no. 1

CA (2nd assessment )
Foundation Examinations 2012

Time Allowed-1.5 hour

Marks-42

The list price of an article is quoted as RS.580. However, the current price is quoted with discounts of 10% and 2%. What are the current price and the effective discount rate (the one discount rate that will yield the same price as both the two discount rates of 10% and 2%)? (Marks-4)
Question no. 2

A loan of 10,000 is due in 11 months, with interest 10%. The creditor agreed to settle the debts on following conditions (i) First payment must be paid in 4 months that must be 40% of second payment. (ii) Second payment must be made on 9 months that is 200 more than the third and final payment. (iii) Final payment must be paid on expiry of the term. You are required to determine the final payment to discharge the debt. (Marks-8)
Question no. 3

A 6 month interest bearing note @ 10% dated May 4 2010, was discounted @ 11% on July 14 and proceeds are 1500. Find the face value of note (a) If it will mature on December 4, 2010. (Marks-4) (b) If it will mature on October 24, 2010. (Marks-4)
Question no. 4

(a)

Find the mean deviation of the weight of the 100 factory workers at ABC chemical company. Also calculate the coefficient of mean deviation from mean. (Marks-2) 60-62 63 - 65 66 - 68 61 64 67 69-71 70 72-74 73

Mass (kg) Frequency (f)

(b) Exam marks, have mean 70 and standard deviation 8.7. The marks need to be scaled using the formula Y=a + bx so that the scaled marks, Y, have mean 55 and standard deviation 6.96. Find the value of a and b. (Marks-5)
Question no. 5

A quiz competition organized by one of the local television station. The following table shows the age distribution of the contestants.

Age in year

20-24

25 - 29

30 - 34

35 - 39

40 - 44

45 - 49

50 - 54

Contestant 10 17 19 25 15 8 s a What is approximate mean age of the contestants? b. What is the standard deviation of the age of the contestant? c. What is the coefficient of variation for the age of contestants? d. What proportion of the contestants are under 30 years of age? e. What proportion are 40 years or over.
Question no. 5

(marks-2) (marks-2) (marks-2) (marks-2)

The following table gives the information about the cost of tools purchased by a particular organization Cost of tools No. of tools Relative frequency 0.10 30-39 ? 40-49 20 ? 50-59 ? ? 60-69 ? 0.2125 70-79 5 ? 80-89 5 0.0625 80 1.0 Sum (i) (ii) What %age of the amount spent more than Rs 59.50 as cost of tools? (Marks-5) Discuss the shape and degree of the distribution by calculating skewness (Marks-2)

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