BUSINESS MATH

MINDANAO MISSION ACADEMY

Accountancy, Business and Management
Final Examination
October 10-11, 2019

Name:_____________________________ Score:_______________
The LORD himself goes before you and will be with you; he will never leave you nor forsake you. Do not be afraid; do not be
discouraged.” Deuteronomy 31:8
Examination Rules:
a. Use Blue/Black ink ball pens only
b. Minimize Erasures
c. Ask directly to the proctor if you have questions.
d. Talking to your seatmates while taking the exam is considered cheating.
e. No borrowing of Calculators

I. Multiple Choice: Encircle the letter of the best answer.

1. The branch of mathematics that focuses on collecting, organizing, analyzing, and interpreting data.
a) Journalizing c) Frequency
b) Statistics d) hypothesis
2. A graphical display of data using bars of different heights
a) Frequency Polygon c) Histogram
b) Polygon d) Frequency Histogram
3. A summary measure that attempts to describe a whole set of data with a single value that represents the middle or center of
its distribution
a) Measure of Centre Tendency c) Measure of Center Tendency
b) Measure of Central Tendency d) Measurement of Center Tendency
4. The number which appears most often
a) Mean c) Mode
b) Median d) Range
5. The middle value or midpoint in a distribution when the values are arranged in ascending or descending order.
a) Mean c) Mode
b) Median d) Range
6. The result of adding up all the numbers, then dividing the result by how many numbers there are.
a) Mean c) Mode
b) Median d) Range
7. The simplest measure of variability. It is the difference between smallest number and the largest number.
a) Mean c) Mode
b) Median d) Range

8. Refers to how spread out a group of score is.

a. Variable c. Variance
b. Variability d. Viability
9. A contribution that is intended for employees and their beneficiaries should they have problems with their health.
a. SSS c. Pag-ibig
b. Phil-Health d. Withholding tax
10. Refers to earnings received by worker on a piece rate, hourly rate, or daily rate.
a. Wage c. Overrides
b. Basic Pay d. Salary

II. Problem Solving: Show your complete solutions.

1. Jed is a Sales representative. He is given a monthly salary of P10, 000 and a commission of 8% on his sales. If he sold a total
of P100,000 for the month of July, find his gross earnings for the month.

2. Ester earns the regular daily rate of 340.00 giving her an hourly rate of P42.50. She was requested by her boss to work on
May 1, Labor day. She worked for 8 hours. What is her total pay for the day?

3. Flor is an hourly wage earner of a private company earning P42.50 per hour. Her SSS contribution is 3.63% of her basic pay.
For Philhealth, she contributes P100.00. She works 8 hours a day for 5 days a week. How much is her total contribution to
be deducted from her salary?

“Do the best you can until you know better. Then when you know better,
do better.”
BUSINESS MATH

III: Comprehensive Problem Solving

- Since you are an ABM graduate, a student researcher asked for your help in tallying his research and to interpret
it using the required graphs and tables. He gave you the following problems:

A. Below are the score of the ABM Students in a business math for a certain exam.

80 85 82 81 80 83 85 80 80 82 78 77 79 78 83

 Using the data above, you were asked to prepare the following:

1. Frequency table

Score Frequency

2. Pie Chart

3. Line Graph

B. You are also given the following set of numbers to find the following:

8 32 25 16 14 20 35

Find the:
1) Mean:_______________
2) Median:__________________ 5) Variance________________
3) Range:__________________

4) Interquartile range:_______________

“Do the best you can until you know better. Then when you know better,
do better.”
BUSINESS MATH

“Do the best you can until you know better. Then when you know better,
do better.”