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Intro To Quantitative Methods

This document provides instructions and questions for a mid-semester examination in quantitative methods at Gaborone University College of Law and Professional Studies. The exam consists of 3 questions testing skills in algebra, percentages, ratios, means, medians, and word problems involving sales commissions and project proceeds. Candidates are instructed to answer all questions, show their work clearly, and direct any queries to the invigilator. Cheating will result in disqualification.
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0% found this document useful (0 votes)
38 views4 pages

Intro To Quantitative Methods

This document provides instructions and questions for a mid-semester examination in quantitative methods at Gaborone University College of Law and Professional Studies. The exam consists of 3 questions testing skills in algebra, percentages, ratios, means, medians, and word problems involving sales commissions and project proceeds. Candidates are instructed to answer all questions, show their work clearly, and direct any queries to the invigilator. Cheating will result in disqualification.
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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GABORONE UNIVERSITY COLLEGE OF LAW AND PROFESSIONAL STUDIES

DIPLOMA IN MARKETING

LEVEL 1 SEMESTER 1

MID-SEMESTER EXAMINATION

MARCH-APRIL 2023

INTRODUCTION TO QUANTITATIVE METHODS

TIME: 3 HOURS

TOTAL MARKS:70

INSTRUCTIONS TO THE CANDIDATES

 Answer ALL Questions


 Clearly number each question and Each section appropriately
 Take note of marks allocated to each subsection of a question
 All queries should be directed to the invigilator
 You can answer questions in any order
Candidates caught cheating will be disqualified
Question 1
a) 18 + x = 5x – 2 (5 marks)

b) x + 3 = 8 − 2x (5 marks)

c) 5/6 of employees at a small company received a bonus this month. If 32 received a bonus, how many people do
the company employ? (5 marks)

d) A sales assistant is paid a basic wage of P100 per week plus commission of 5% of the Value of the
goods sold. What will be the earnings in a week in which the assistant sells goods to the value of
P1,890 (5 marks)

QUESTION 2

a) Express:
(i) 458,000 correct to 2 significant figures
(ii) 9/57 as a percentage correct to 2 decimal places
(iii) 0.7825 as a percentage correct to 3 decimal places
(iv) 2,973,490 correct to 3 significant figures
(v) 76% as a decimal
(vi) 65% as a fraction in its simplest (12)

(b).The profits of a food retailing company are shared between its three partners, Mr Wright, Mr Prakash and Mr
Young, in the ratio 1:2:4 respectively. If Mr Prakash’s share of the profits is £1,600, calculate:
(i) The share of the profits received by Mr Wright (4)
(ii) The difference between the share of the profits received by Mr Wright and
Mr Young (3)
(iii) The ratio of Mr Prakash’s share of the profits in terms of Mr Young’s share of the profits, expressing your
answer in the form 1:n (3)
(c) Bernard obtained P4000 as share of from the proceeds of a projects, Bernard‘s share represented 60% of the
proceeds. What were the total proceeds of the projects (3)
QUESTION 3

a. The demand for a product on each of 20 days was as follows, (in units).

3, 12, 7, 17, 3, 14, 9, 6, 11, 10, 1, 4, 19, 7, 15, 6, 9, 12, 12, 8

Calculate arithmetic mean [5 marks]

b. From the following data, calculate arithmetic mean [10 marks]

Daily demand Frequency

>0≤5 4

> 5 ≤ 10 8

> 10 ≤ 15 6

> 15 ≤ 20 2

c. Find the median of the following values:

(i) 8, 6, 9, 12, 15, 6, 3, 20, 11. [5 marks]

(ii) (ii) 8, 6, 7, 2, 1, 11, 3, 2, 5, 2[5 marks]

END OF EXAM

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