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GARDEN CITY UNIVERSITY COLLEGE, KUMASI.

Faculty of Business Studies
Department of Managerial Science &
Department of Accounting and Finance
Mid-Semester Examination
MTH 102: QUANTITATIVE TECHNIQUES II

April, 2015 INDEX NUMBER:…………………………………

Instructions:
 Answer ALL Questions.
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1. Differentiate the following functions with respect to x

y   2 x3  4 x  2 
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a.
1
y  x  7x
b. 2x
y  2 x sin  x 2 
c.
ln  2 x 
y
d. sin x

2. a. The fixed cost of a new product is 3000 and the variable cost per unit is 250. If

demand function  
p x  1000  50 x
, find the break even values.

The total cost   of a company is given as  

C x C x  500  20 x  3 x 3
b. where x is
output. Determine the average cost, the marginal cost, the marginal cost when 10
units are produced and the actual cost of producing 11 units.
c. A company produced a product with $18,000 as fixed costs. The variable cost is
estimated to be 30% of the total revenue when it is sold at a rate of $20 per unit. Find
the total revenue, total cost and the profit functions.

3. The data give below are the number of children per family sampled from a community
some time ago.
6 1 4 4 3 1 2 3 1 2
2 4 3 6 2 5 6 2 2 1
3 2 1 1 3 2 3 4 5 2
1 4 5 4 2 5 3 5 1 2
4 3 2 2 5 1 1 2 2 4
i. Construct a frequency distribution table for the above data.
ii. Find the mean, median, mode and standard deviation for the above data

4a. If events A and B are such that they are independent and P ( A )=0.4 and P ( B )=0.5 . Find
P ( A ∩ B ) and P ( A ∪ B ) .

b. X and Y are two events such that P ( X /Y )=0.3 P ( Y )=0.2 and P ( X )=0.4. Find
P ( Y / X ) , P ( Y ∩ X ) ∧P ( Y ∪ X ) .

E. Mensah-Eduful