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The scores on this test are normally distributed with a mean of 500 and standard deviation of 100. Juan dela Cruz wants to be admitted to the university and knows that he must score better at least 70% of the students who took the test. Juan dela Cruz took the test and scores 585. Will he be admitted? Justify your answer.
x = 585
Z =
= 500
area to the left of z = 0.85 = 0.8023 = 80.23% Juan dela Cruz scored better than 80.23% of the students who took the test and he will be admitted to the State University
2. A research study was conducted in a hospital to determine the correlation between attributes in rendering quality service. Those who responded between hot meals serve on time and regular replacement of bed linen among 10 respondents were tabulated below. Determine the relationship existing between the two variables. Further test the significant of r using the t-test to decide on the hypothesis. Let X= Y= Hot Meal Bed Line
Respondents: X Y
1 : 93 : 91
2 89 86
3 84 80
4 91 88
5 90 89
6 83 87
7 75 78
8 81 78
9 84 85
10 77 76
Solution
Y 91 86 80 88 89 87 78 78 85 76 838
XY 8,463 7,654 6,720 8,008 8,010 7,221 5,850 6,318 7,140 5,852
X2 8649 7921 7056 8281 8100 6889 5625 6561 7056 5929
Y2 8281 7921 6400 7744 7921 7569 5625 6561 7225 5776
3. XYZ Mutual Funds, Inc. has just obtained P10 million by converting industrial stocks to cash and is now looking for other investment opportunities for these funds. Based on XYZs current investments, the firms top financial analyst recommends that all new investments be made in the oil industry, real estate industry or in government securities. Specifically, the analyst has identified five investments and rates of return as shown below: INVESTMENT A. B. C. D. E. Olive Oyl Refinery Brutus Petroleum Popeye Homes, Inc. Dreamland Devt. Corp PNoy Treasury Bills PROJECTED RATE OF RETURN (%) 7.3 10.3 6.4 7.5 4.5
Management of XYZ has imposed the following investment guidelines: 1. Neither industry (oil or real estate) should received more than P5 million 2. Treasury Bills should at least be at 25% of the real estate industry investments. 3. The investment in Brutus Petroleum, the high return but high-risk investment cannot be more than 60% of the total oil industry investment. What portfolio recommendations investments and amounts should be made for the available P10 million?
ANSWER: 1. Objective Function: 2. Feasible Solution a. Explicit A + B 5M ; E= .25 (C + D) B = .60 (A + B) A+B+C+D+E = 10,000,000
C+D 5M
b. Implicit A 0; B 0; C 0; D 0; E 0
Mathematical Solution: 1. a. A + B 5M
A = 5M B = 5M 3M A = 2M
B = .60 (A + B)
= .60 (5M) B = 3M
D + E 5M E= .25 D D + .25 = 5M 1.25 D = 5M 1.25 1.25 D = 4M E = .25 D
= .25 (4M) E = 1M