CMA DECEMBER, 2019 EXAMINATION

FOUNDATION LEVEL
SUBJECT: 003. QUANTITATIVE TECHNIQUES

Time: Three hours Full Marks: 100

 Answer any TEN questions, FIVE questions from each part.
 Answer must be brief, relevant, neat and clean.
 Use fresh sheet for answering each question.

PART – A: BUSINESS MATHEMATICS

Q. No. 1
(a) In a recent Unilever survey of 2,000 people, the following information is found:
 1,200 people like Sunsilk
 980 like all clear
 740 like Meril
 520 like Sunsilk and all clear
 420 like Sunsilk and Meril
 340 like all clear and Meril and
 260 like all three
Find out:
(i) How many people does not like all three?
(ii) How many people like only Meril?
(b) If a 2 x 1  b13 y and a 3 x 1  b 2 y 2 , show that 13xy  7 x  5 y  3.
[Marks: (5+5) = 10]
Q. No. 2
𝑥+𝑦 1 𝑥 𝑦
(a) If log = 2 (log 𝑥 + log 𝑦); then show that 𝑦 + 𝑥 = 7
3
(b) Solve the equation:

𝑥 𝑥+16 25
√𝑥+16 + √ 𝑥
= 12
[Marks: (5+5) = 10]
Q. No. 3
1 2 3
(a) If A = [1 3 5 ], then show that, 𝐴. 𝐴−1 = 𝐼
1 5 12
(b) Find the equation of the line which passes through the points (3,1) and the intersection of the
lines 4 y  3x  22  0 and x  y  6  0.
[Marks: (5+5) = 10]
Q. No. 4
(a) A committee of 5 members is to be formed out of 5 males and 6 females. Find the number of
ways in which it can be done so that among the members chosen in the committee there are:
(i) 3 males and 2 females
(ii) 2 males
(iii) No female
(iv) At least one female
(v) Not more than 3 males
(b) Assume that the interest rate is 6% per annum. Then how much money do you need to
invest to make difference between simple interest and compound interest for 2 years be Tk.
13.50. Also find the amount of simple interest and compound interest.
[Marks: (5+5) = 10]

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CMA DECEMBER, 2019 EXAMINATION
FOUNDATION LEVEL
SUBJECT: 003. QUANTITATIVE TECHNIQUES
Q. No. 5
dy log x
(a) Find , given that (i) y  x3 sin x, (ii) y  .
dx sin x
 2u  2u
(b) If u( x, y)  x 2  y 2  2 xy  2 x  3 y, find  .
x 2 y 2
dy ln x
(c) If x y  e x  y , prove that  .
dx (1  ln x) 2
[Marks: (1.5+1.5)+4+3 = 10]
Q. No. 6
(a) Demand for goods of an industry is given by the equation pq  100 where p is the price and
q is the quantity. Supply is given by the equation 20 + 3p = q. What is the equilibrium price
and quantity?
(b) Determine whether the function 𝑦 = 3𝑥 2 − 25 is increasing or decreasing at the point x=3.
(c) If one root of the equation 3 x 2  kx  4  0 is 3 times the other, find the value of k .
[Marks: (4+3+3) = 10]
Q. No. 7
𝑥3
(a) Total cost of production of x units 3 − 6𝑥 2 − 4𝑥 + 100 and sales revenue (8-4x). How many
products are to be produced to earn maximum profit?
(b) Evaluate of the following integrals:
2 dx
(i)  x(2  x) dx, (ii)  (1  x 2
) tan 1 x  3
;

(c) Mr. Samium borrows Tk. 100,000 from Eastern Bank Limited at 12% compound interest rate
which will be repaid over next 4 years. Payment will be made in equal installment at the end
of each month. How much he needs to pay in each installment?
[Marks: (3+4+3) = 10]
PART-B: BUSINESS STATISTICS
Q. No. 1
(a) Explain how statistics is useful in the decision making process of business and management.
(b) Distinguish between the following:
(i) Sample and Population (ii) Skewness and Kurtosis (iii) Statistic and parameter
(iv) Histogram and bar diagram.
[Marks: 2+ (2 x 4) = 10]
Q. No. 2
(a) What are the various measures of central tendency? Why are they called measures of
central tendency? .
(b) When median is the best measure of frequency distribution?
(c) What is co-efficient of variation?
(d) The prices of a company shares in Dhaka and Chittagong stock markets during the last ten
months are recoded below:
Month Jan. Feb. March April May June July Aug. Sep. Oct.
Dhaka(Tk.) 105 120 115 118 130 127 109 110 104 112
Chittagong(Tk.) 108 117 120 130 100 125 125 120 110 135
(i) Determine the arithmetic mean and standard deviation of the prices of shares of each
market.
(ii) In which market are the shares prices stable?
[Marks: (2+1+1+6) = 10]
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CMA DECEMBER, 2019 EXAMINATION
FOUNDATION LEVEL
SUBJECT: 003. QUANTITATIVE TECHNIQUES

Q. No. 3
(a) In a certain town, male and female each form 50% of the population. It is known that 20% of
the males and 5% of the females are unemployed. A research student studying the employment
situation selects an unemployed person at random. The probability data given in table below-
Unemployment data
Unemployed Employed Total
Males 0.100 0.400 0.500
Females 0.025 0.475 0.500
Total 0.125 0.875 1.000
What is the probability that the person so selected is (a) male (b) female?
(b) Length of service in years (X) and the efficiency grades (Y) of eight individual officers of a
company are given below:
Serial No. 1 2 3 4 5 6 7 8
Length of service in years (X) 16 12 18 4 3 10 5 12
Efficiency (Y) 23 22 24 17 19 20 18 21
Calculate the karlpearson's co-efficient of correlation and comment on the result.
[Marks: (5+5) = 10]
Q. No. 4
(a) A study of 241 authors revealed the following data on the distribution of age:
Age (Years) Number of Authors
Up to 30 20
Up to 40 73
Up to 50 80
Up to 60 44
Up to 70 22
Up to 80 2
Compute the mean, standard deviation and co-efficient of variation of the distribution.
(b) A Tax firm is interested in comparing the quality of work at two of its regional offices. By
randomly selecting samples of tax returns prepared at each office and verifying the sample
returns accuracy, the firm will be able to estimate the proportion of erroneous returns
prepared at each office. Independent random samples from the two offices provide the
following information:
Sample size Number of returns with errors
Office I 250 35
Office II 300 27
Conduct a hypothesis test to determine whether the error proportions differ between the two
offices. (α = 0.10)
[Marks: (5+5) = 10]
Q. No. 5
(a) Write down the difference between Discrete variable and Continuous Variable.
(b) From the following data, draw a Histogram, a frequency polygon and a frequency curve:
Age of Service Limited Below-5 5-10 10-15 15-20 20-25 25-30 30-35
No. of Workers 5 12 25 48 32 6 1
(c) A machine will function only when all the three components A, B and C will work. The
probability of a failing during one year for A is 0.15, that of a B is 0.05 and that of C is 0.10.
What is the probability that the equipment will fail before the end of the year?
[Marks: (2+5+3) = 10]
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CMA DECEMBER, 2019 EXAMINATION
FOUNDATION LEVEL
SUBJECT: 003. QUANTITATIVE TECHNIQUES

Q. No. 6
(a) What is test of hypothesis? Explain type-I error and type-II error with table.
(b) The nine items of a sample had the following values:
45 47 50 52 48 47 49 53 50
The sample mean is 49 and the sum of squares of deviation taken from mean is 52. Can this
sample be regarded as taken from the population having 47 as mean? Also find 95%
confidence interval. The table value of ‘t’ for 8 degree of freedom at 5% level is 2.31.
[Marks: (3+7) = 10]
Q. No. 7
(a) Calculate the skewness from the following data and comment on the result:

Income (Tk.) 200-300 300-400 400-500 500-600 600-700 700-800 800-900

No. of Worker 3 10 25 18 12 7 4

(b) Suppose the head office of Janata Bank Ltd. Collects information of 300 working days from
several branch offices operating throughout Bangladesh and the number of frauds found are
like that

Number of Fraud 0 1 2 3 4
Number of Days 35 85 120 45 15
Required:
(i) Find the probability distribution of daily fraud occurred?
(ii) What is the probability of not occurring fraud in a day?
(iii) What is the probability of occurring at least one fraud in a day?
[Marks: (4+6) = 10]

= THE END =

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