Scribd Logo
Upload

Welcome to Scribd!

  • 45 views

    Take Home Assessment Answer Booklet Nov 2020

    Uploaded by

    Brilliant Mycri
    The document provides instructions for a take home assessment answer booklet. It instructs students to fill in personal details at the top of the booklet and provides guidelines for completing and submitting the assessment, including that answers must be typed, no group work is allowed, and assessments must be submitted in PDF format by the deadline.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd

    Take Home Assessment Answer Booklet Nov 2020

    Uploaded by

    Brilliant Mycri
    45 views8 pages
    The document provides instructions for a take home assessment answer booklet. It instructs students to fill in personal details at the top of the booklet and provides guidelines for completing and submitting the assessment, including that answers must be typed, no group work is allowed, and assessments must be submitted in PDF format by the deadline.

    Original Description:

    AKE HOME ASSESSMENT

    Original Title

    TAKE HOME ASSESSMENT ANSWER BOOKLET NOV 2020 (1)

    Copyright

    © © All Rights Reserved

    Available Formats

    DOC, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document provides instructions for a take home assessment answer booklet. It instructs students to fill in personal details at the top of the booklet and provides guidelines for completing and submitting the assessment, including that answers must be typed, no group work is allowed, and assessments must be submitted in PDF format by the deadline.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    45 views8 pages

    Take Home Assessment Answer Booklet Nov 2020

    Uploaded by

    Brilliant Mycri
    The document provides instructions for a take home assessment answer booklet. It instructs students to fill in personal details at the top of the booklet and provides guidelines for completing and submitting the assessment, including that answers must be typed, no group work is allowed, and assessments must be submitted in PDF format by the deadline.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 8

    TAKE HOME ASSESSMENT ANSWER BOOKLET

    Student Number
    Identity Number
    Programme
    Module
    Mobile Number
    Email address
    Date
    Time

    INSTRUCTIONS TO CANDIDATES:

     This is an official assessment of REGENT Business School and only bona-fide students are entitled
    to write the assessment for the modules they are registered for.
     Students are required to type in the answers in the answer booklet. No hand-written
    submissions will be processed.
     The assessment for each module will be available for a limited period on the MyRegent student
    portal (as per your personalised schedule).
     The completed assessment must be submitted within the stipulated timeframe.
     Students are reminded that examination rules apply and to submit their work as their own – no
    group work is permitted.
     Students are reminded to convert their completed assessment to PDF and then upload on the
    MyRegent student portal.

    Surname
    First name  
    Signature  

    FOR OFFICIAL USE ONLY

    QUESTIONS 1 2 3 4 5 6 7 8 TOTAL SIGN


    EXAMINER                    
    MODERATOR                    
    QA                    
    START TYPING ANSWERS BELOW
    QUESTION 1.1

    Discrete data is data whose value is obtained by counting such as the number of students in a class
    or the number of marbles

    The continuous data is data that will have been obtained by measuring such as the height of
    students in the class.

    QUESTION 1.2

    Interval Frequency Mid point (x) F*x Cum Frequency

    300-350 21 325 6825 21


    350-400 19 375 7125 40

    400-450 12 425 5100 52


    450-500 10 475 4750 62

    500-550 7 525 3675 69


    550-600 5 575 2875 74

    600-650 1 625 625 75


    30975 75

    1.2.2 The average amount of money spent is 30975/75= 413

    1.2.3. The modal amount of money is 300-under 350

    1.2.4 The interquartile range = (n+1)/4 =76/4 = 19= 275

    (3(n+1))/4 = 56.5 = 450

    IQR = 450-275 = 175

    1.2.5 The standard deviation is


    Intervals Freq Mid x F*x Mean Cum Mid - Mid – Freq*mid
    Freq mean Mean point-
    squared Mean
    squared
    300-350 21 325 6825 413 21 -88 7744 162624

    350-400 19 375 7125 413 40 -38 1444 27436


    400-450 12 425 5100 413 52 12 144 1728

    450-500 10 475 4750 413 62 62 3844 38440


    500-550 7 525 3675 413 69 112 12544 87808

    550-600 5 575 2875 413 74 162 26244 131220


    600-650 1 625 625 413 75 212 44944 44944

    30975 75 96908 494200

    Standard deviation = √(494200/75)

    = 81.13

    1.2.6 The coefficient of variation = standard deviation / mean

    = 81.13/413

    = 0.196

    QUESTION 2.1

    Probability sampling methods is a method in which the selected data will be from a random set of
    data. This means that the data will be selected without prior knowledge to separation of the data.
    This can be done through simple random sampling or systematic sampling.

    Non-probability sampling methods is a method that has the sample is selected based on the
    subjective judgement of the researcher. This works on the merit that the researcher would have
    made the selection prior to the research such as purposive sampling etc.
    QUESTION 2.2.1

    The least square regression equation = y = mx +b

    Y = y component

    X = x component

    M = gradient

    B = y intercept

    x y xy X2
    562 346 194452 315844

    1894 1105 2092870 3587236


    872 653 569416 760384

    639 480 306720 408321


    1405 950 1334750 1974025

    1863 1200 2235600 3470769


    786 563 442518 617796

    462 340 157080 213444


    356 220 78320 126736

    ∑x = 8839 ∑y = 5857 ∑xy = 7411726 ∑x2 = 11474555

    N=9

    m = (N ∑(xy)- ∑x∑y))/ (N ∑x2- (∑x)2)

    = (9* 7411726-8839*5857)/ 9*11474555-8839 2


    = 0.594

    b = (∑y-m∑x)/ N

    = (5857-0.594*8839)/9

    = 67.38

    Therefore the regression equation is y = 0.594x + 67.38

    QUESTION 2.2.2

    The slope is closely correlated to trend-line which shows that there is a correlation between the
    distance covered with the fuel that will be consumed. The fuel consumption level at 67.83 shows
    that there is a certain amount of fuel that is being used but not during the driving hence the drivers
    maybe selling the fuel as it is not correlating to the point when the distance is zero. Hence in other
    words the truck when not in motion must have 60litres reserve.

    QUESTION 2.2.3

    Result Details & Calculation

    X Values
    ∑ = 5857
    Mean = 650.778
    ∑(X - Mx)2 = SSx = 1009413.556

    Y Values
    ∑ = 8839
    Mean = 982.111
    ∑(Y - My)2 = SSy = 2793674.889

    X and Y Combined
    N = 9
    ∑(X - Mx)(Y - My) = 1659501.222

    R Calculation
    r = ∑((X - My)(Y - Mx)) / √((SSx)(SSy))

    r = 1659501.222 / √((1009413.556)(2793674.889)) = 0.9882

    Person’s correlation coefficient for the above data is 0.9882.


    This is a strong positive correlation, which means that high X variable scores go with high Y variable
    scores (and vice versa).

    QUESTION 2.2.4

    Coefficient of determination

    R2 = SSx/SSy

    = 1009413.556/2793674.889

    = 0.361

    This shows only 36.1% of the fuel consumed can be safely predicted from the distance covered by
    the trucks.

    QUESTION 3.1

    Limitations to the use of index numbers

     They just give a rough indication of the relative changes

     They don’t consider the errors that will be available

     Reliability of the comparisons of changes is only for short periods

     The sampling do not give the exact representation needed

     There functionality is not transferrable for different purposes

     They use specialized types of averages which are bound by the limitations

    QUESTION 3.2

    u = 100 , s = 16 N =50 x= 105 level of significance = 105

    HO : U = 105

    H1 : u < 105

    Reject Ho if Z test at 5% significance level is less

    Z = (x-u)/(s/√n)

    = ( 105-100)/ (16/√50)

    = 2.21

    5% significance at 2.2 = 0.4878

    This therefore is less than 5% hence we reject H o and concluded that the group is unusual

    QUESTION 3.3

    N = 100

    Eastern Cape computer mean = 26/2 = 13

    Western Cape computer mean = 39/2 = 19.5


    North Cape computer mean = 35/2 = 17.5

    QUESTION 4.1

    Characteristics of a normal distribution

     The mean, mode and median are all equal

     The curve is symmetrical at the centre

     There equal distribution of the values on the left and on the right

     The total area under the curve are equal to 1

     It is asymptotic

    QUESTION 4.2

    Normal distribution formula

    y= 1/s(√2π)* e^ - (x-u)2/2s2

    = 1/ 4(√2π)* e^ -(65-60)2/2(4)2

    = 0.5085

    Therefore, the probability that it will last problem free for 65 months after purchase is 0.51 * 100 =
    51%

    QUESTION 4.2.2

    y= 1/s(√2π)* e^ - (x-u)2/2s2

    = 1/ 4(√2π)* e^ -(50-60)2/2(4)2

    = 0.0488

    Therefore, the probability that the plasma will be problem free in less than 50 months is 0.0488 *
    100 = 4.88%

    QUESTION 4.2.3

    y= 1/s(√2π)* e^ - (x-u)2/2s2

    = 1/ 4(√2π)* e^ -(48-60)2/2(4)2

    = 0.01234
    With regards to a 48 month guarantee (1- 0.01234) * 100 will be problem free which = 98.8%

    Question 4.3

    P2015Q2015/P2015Q2015 =

    {(17* 7.5+7.3*4.2+5.5*12.6+15.8*8.5/ 17* 7.5+7.3*4.2+5.5*12.6+15.8*8.5)}*100

    = 100

    P2016Q2015/ P2015Q2015=

    {(23.7*7.5+12.5*4.2+8.7*12.6+22.9*8.5)/(17*7.5+7.3*4.2+5.5*12.6+15.8*8.5)} *100

    = 147.755

    The Laspeyres prices index shows there has been increase in the prices of stationery from 2015 to
    2016 by 4.78 %. This can be due to the economic changes that would have happened during that
    time frame.

    You might also like