Adm No: Cict/21/00125/3/24
Adm No: Cict/21/00125/3/24
25000=10000(1+R/1)^5
2.5=(1+R)^5
ROOT OF 5 BOTH SIDES
1.2014=1+R
R=0.2014
=20.14%
1. A box contains 3 red, and 5 black balls. If two balls are picked up randomly without
replacement, what would be the probability of choosing at least one red ball
SOL
2. A machine costs Sh.850, 000 on cash basis. On hire purchase terms an initial deposit of 20%
of the cash price is required. A simple interest of 10% is charged on the outstanding balance for 5
years. Customers who purchase the machine on cash basis are granted a 4% discount on the cash
price. i). Calculate the amount a customer pays if they purchase the machine on cash basis
SOL
Total purchase on cash is 96%of the original price
=96% of 850,000
=816,000
ii). Calculate the amount a customer pays if they purchase on Hire- purchase
hire purchase=price-deposit
20% of price = 170000
Balance=850000-170000
=680000
A=P(1+I*n)
=680000(1+0.1*5)
=1020000
1020000+170000
i). Find the vales of 𝑥 𝑎𝑛𝑑 𝑦 for the following simultaneous equations using elimination method 𝑥 −
X=4 OR X=-3/2
2𝑦 = 11
7𝑥 − 4𝑦 = 27
X=11+2Y
7(11+2Y)-4Y=27
77+14Y-4Y=27
10Y=-50
Y=-5
X=11+2(-5)
X=1
Sure! To group the data with a class interval of 50 in exclusive form, we need to
create intervals where each interval includes the lower limit but excludes the upper
limit. Here’s how the data can be grouped:
Class Frequen
Interval cy
300 - 349 3
350 - 399 5
400 - 449 6
450 - 499 6
500 - 549 3
550 - 599 1
600 - 649 2
650 - 699 3
700 - 749 3
750 - 799 3
800 - 849 4
850 - 899 2
To calculate the mean, median, and standard deviation from the grouped data, we can
follow these steps:
1. Mean
2. Median
where:
3. Standard Deviation
The standard deviation for grouped data can be calculated using the formula:
\sum (f \cdot x) = (3 \cdot 324.5) + (5 \cdot 374.5) + \ldots + (2 \cdot 874.5) = 221,
221.5∑(f⋅x)=(3⋅324.5)+(5⋅374.5)+…+(2⋅874.5)=221,221.5
\sum f = 37∑f=37
First, calculate ( (x - \bar{x})^2 ) for each class interval and then multiply by the
frequency ( f ):
So, the mean is approximately 597.34, the median is 487.5, and the standard deviation
is approximately 1, 221, 221.5.