Scribd
Upload
155 views

Iobm MBA Logistics & Supply Chain

This document contains an assignment for a business mathematics and statistics class. It includes 3 parts: (1) solving systems of linear equations, (2) answering questions from a class presentation, (3) solving probability problems involving standard deviation and relative variability to assess consistency. The student is asked to choose the best employee for a data entry job based on having the lowest relative dispersion, or being the most consistent.

Uploaded by

Muhammad Adnan
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
155 views

Iobm MBA Logistics & Supply Chain

This document contains an assignment for a business mathematics and statistics class. It includes 3 parts: (1) solving systems of linear equations, (2) answering questions from a class presentation, (3) solving probability problems involving standard deviation and relative variability to assess consistency. The student is asked to choose the best employee for a data entry job based on having the lowest relative dispersion, or being the most consistent.

Uploaded by

Muhammad Adnan
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 9

IOBM

MBA Logistics & Supply Chain

Business Mathematics and Statistics

Class Activity
Assignment #2

Muhammad Adnan Maroof (20201-28242)


Student Name: Muhammad Adnan Maroof
Student ID: 20201-28242

Assignment 2:
Part A: Solve following questions:

y = 3x – 5 y – x = 10

y = -2x + 10 2y – 8 = 6x

y = -.5x – 2 y + 4 = 2x
Q2
Q3:
Part B: Questions 3-76 3-74 3-80 from presentation uploaded here:
( 3.64) The number of checks cashed each day at the five branches of The Bank of Orange County
during the past month had the following frequency distribution.

Hank Spivey, director of operations for the bank, knows that a standard deviation in check
cashing of more than 200 checks per day creates staffing and organizational problems at the
branches because of the uneven workload. Should Hank worry about staffing next month?
SOLUTION:

Class f Xm f.Xm f.Xm2


0 - 199 10 99.5 995 99002.5
200 – 399 13 300 3893.5 1166103.3
400 – 599 17 500 8491.5 4241504.3
600 – 799 42 700 29379 20550611
800 - 999 18 900 16191 14563805

∑f = N = 100
(∑f.Xm)2 = 3475102500
∑f.Xm2 = 40621025
3.76) Students’ ages in the regular daytime M.B.A program and the evening program of Central
University are described by these two samples:

If the homogeneity of the class is a positive factor in learning, use a measure of relative variability
to suggest which of the two groups will be easier to teach.

SOLUTION:

Mean SD
Ages (X) (ⴃ)
Regular
23 29 27 22 24 21 25 26 27 24 24.8 2.49
MBA
Evening
27 34 30 29 28 30 34 35 28 29 30.4 2.88
MBA

Cvar (Regular MBA) = S 100% = 2.49 100% = 10%


X 24.8

Cvar (Evening MBA) = S 100% = 2.88 100% = 9%


X 30.4
Regular MBA CVar = 10% High variation ≠ homogeneity = difficult to teach

Evening MBA CVar = 9% Low variation = homogeneity = easier to teach


3.80) HumanPower, the temporary employment agency, has tested many people’s data entry
skills. Infotech needs a data entry person, and the person needs to be not only quick but also
consistent. HumanPower pulls the speed records for 4 employees with the data given below in
terms of number of correct entries per minute. Which employees is best for InfoTech based on
relative dispersion?

SOLUTION:

Mean (X) SD (ⴃ)


John 63 66 68 62 69 72 66.67 3.78
Jeff 68 67 66 67 69 67.40 1.14
Mary 62 79 75 59 72 84 71.83 9.70
Tammy 64 68 58 57 59 61.20 4.66

Cvar (John) = S 100% = 3.78 100% = 6%


X 66.67

Cvar (Jeff) = S 100% = 1.14 100% = 2%


X 67.40

Cvar (Mary) = S 100% = 9.70 100% = 14%


X 71.83

Cvar (Tammy) = S 100% = 4.66 100% = 8%


X 61.20

Jeff will be better choice for InfoTech because he is more consistent in correct data entry than rest of employees.

You might also like