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Make Good Assignment (Semester: 201905) AAMS1773 Quantitative Studies

This document contains a quantitative assignment with 7 questions analyzing various statistical concepts such as frequency distributions, histograms, probability, normal distributions, correlation, regression, and compound interest rates. The assignment requires calculating measures like the mean, standard deviation, median, mode, probabilities, correlation coefficients, and regression lines. It also involves interpreting results, drawing diagrams, comparing investment options, and making predictions.

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158 views

Make Good Assignment (Semester: 201905) AAMS1773 Quantitative Studies

This document contains a quantitative assignment with 7 questions analyzing various statistical concepts such as frequency distributions, histograms, probability, normal distributions, correlation, regression, and compound interest rates. The assignment requires calculating measures like the mean, standard deviation, median, mode, probabilities, correlation coefficients, and regression lines. It also involves interpreting results, drawing diagrams, comparing investment options, and making predictions.

Uploaded by

Kuberan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Make Good Assignment (Semester: 201905) AAMS1773 Quantitative Studies

1. The following frequency distribution shows number of books bought by 62 students in a year.

Number of books Number of students


≤ 10 2
11 - 20 5
21 - 30 19
31 - 60 21
61 - 80 10
81 - 90 3
> 90 2

a) Calculate the mean and standard deviation. (7 marks)


b) Construct a histogram. Then, estimate mode and interpret the value. (6 marks)
c) Construct a “less than” ogive for the distribution. (5 marks)
d) Estimate median from your ogive and interpret your result. (2 marks)
e) Estimate the percentage of students who bought more than 50 books. (2 marks)

2. 300 students in a college are required to enroll in only one of the courses as listed. Numbers of students
joining each course are recorded in the contingency table below:

Course A Course B Course C


Diploma 40 85 45
Bachelor’s Degree 25 77 28

a) Find the probability that a randomly selected student


i) studies diploma in the college. (2 marks)
ii) studies bachelor’s degree and enrolls in Course C. (2 marks)
iii) is neither studying diploma nor enrolling in Course C. (3 marks)
iv) enrolls in Course B, given that the student is studying diploma. (3 marks)
b) Are the events “studying diploma” and “enrolls in Course A” independent? Explain. (3 marks)
c) Are the events “studying diploma” and “enrolls in Course B” mutually exclusive? Explain. (2 marks)

3. In a library, 40% of the books are published for more than 30 years. A researcher selects 8 books at random.

a) Find the probabilities that 3 to 5 books are published for more than 30 years. (3 marks)
b) Find the probabilities that more than 2 of the books are published in less than 30 years’ time. (4 marks)
c) What is the expected number of books that are published within the recent 30 years? (1 mark)

4. Weight of a cake produced by a local bakery is normally distributed with mean 500g and standard deviation
87g.

a) What is the probability that a cake will be less than 450g? (3 marks)
b) In a batch of 50 cakes, how many cakes will have weights more than 450g? (2 marks)
c) The bakers are able to improve their consistency such that only 5% of the cakes are less than 430g and
the mean weight is remained. What is the new standard deviation? (3 marks)
5. The following table shows the years of experience (X) and annual sales (Y) of 10 salespersons:

Years of Experience 1 3 4 4 6 8 10 10 11 13
Annual Sales (RM’000) 80 97 92 102 103 111 119 123 117 136

a) Draw a scatter diagram and comment. (4 marks)


b) Compute and interpret the product moment correlation coefficient. (6 marks)
c) Compute and interpret the value of the coefficient of determination. (2 marks)
d) Calculate the Spearman’s rank correlation coefficient. (4 marks)
e) Find the least square regression line of Y on X, then draw it on the diagram in part a). (5 marks)
f) If a salesperson has 7 years of experience, estimate his annual sales. (2 marks)

6. Number of enquiries about a new product for the past three weeks has been recorded as below:

Number of enquiries
Week Monday Tuesday Wednesday Thursday Friday
1 20 45 20 28 40
2 28 50 25 30 45
3 32 60 34 37 -

a) Using a suitable moving average approach, find the trend. (4 marks)


b) Calculate the average daily variations using additive model. (7 marks)
c) Forecast the number of enquiries about the new product on Friday of week 3 and Monday of week 4.
(5 marks)

7. You have RM5000 to be invested into Public Bank “eFixed Deposit” account for 1 year. The table below is
extracted from https://www.pbebank.com/Personal-Banking/Rates-Charges/Deposit-Interest-Rates/Fixed-
Deposit.aspx, which shows the compound interest rate per annum for different tenure period.

Tenure Rate (% p.a)


3 Months 3.00
6 Months 3.05
12 Months 3.10

Assume that you are not withdrawing any money within 2 years, calculate to compare which option from
the above gives the highest amount of interest. (10 marks)

Answers
1. a) 43.24, 22.37 b) 26 d) 37.5 e) 36.29%
2. a) i) 0.5667 ii) 0.0933 iii) 0.34 iv) 0.5
3. a) 0.6348 b) 0.9502 c) 4.8
4. a) 0.2843 b) 35.8  36 c) 42.5558g
5. b) 0.9646 c) 0.9304 d) 0.939 e) Y = 80 + 4X f) RM108000
6. a) 30.6, 32.2, 33.2, 34.2, 34.6, 35.6, 36.4, 38.4, 40.2, 41.6
b) -7.3, 16.8, -10.7, -5.4, 6.6
c) 51.86, 39.18
7. 12 Months

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