CMA SEPTEMBER-2022 EXAMINATION

FOUNDATION LEVEL
BUSINESS QUANTITATIVE ANALYSIS

Course Code : TA112 Total Marks : 100

Reading Time : 15 minutes Writing Time : 180 minutes

Instructions to Candidates
 You MUST NOT write anything during the reading time.
 You should attempt ALL questions.
 Answers should be properly structured and relevant.
 Carefully read ALL the requirements and sub-questions before attempting a specific
question.
 ALL answers must be written in the answer book.
 AVOID WRITING/MARKING on the question paper at any time which may cause
disciplinary action.
 Start answering each question from a fresh sheet.
 Answers should be clearly numbered with the sub-question number.

Allowable Materials
 Writing Stationaries
 Non-programmable Calculator

Assessment Structure
Expected
Sub-
Marks Time
question
Required
Question 1 Multiple Choice Questions 10 10 16 minutes
Question 2 Modified True/False 10 10 15 minutes
Section
Question 3 Essay/Computational/Case 2 10 18 minutes
A
Question 4 Essay/Computational/Case 2 10 18 minutes
Question 5 Essay/Computational/Case 2 10 18 minutes
Question 6 Multiple Choice Questions 10 10 16 minutes
Question 7 Modified True/False 10 10 15 minutes
Section
Question 8 Essay/Computational/Case 3 10 18 minutes
B
Question 9 Essay/Computational/Case 2 10 18 minutes
Question 10 Essay/Computational/Case 2 10 18 minutes
Revision 10 minutes
Total 100 180 minutes

RESTRICTED USE
This paper MUST NOT BE REMOVED from the examination venue

Do not turn the page until instructed

 SECTION A [50 MARKS]
THERE ARE 5 (FIVE) QUESTIONS IN THIS SECTION FROM BUSINESS MATHEMATICS.
ANSWER ALL THE QUESTIONS IN THE ANSWER SCRIPT FOLLOWING THE EXAMPLE
PROVIDED FOR THE SPECIFIC QUESTION.

QUESTION 1 [10 × 1 = 10 MARKS]

There are ten (10) multiple-choice questions with five options. Pick the option that best
explains the given question. Write your answer on the answer script [DO NOT PUT ANY
MARK ON THE QUESTION PAPER]. Follow the example given below in providing your
answer.

Example:
(i) ICMAB stands for the –
(a) Institute of Cost Management Accounting of Bangladesh
(b) Institute of Cost and Management Accountants of Bangladesh
(c) Institute for Cost Managers and Accounting of Bangladesh
(d) Institute of Cost Management Accountants of Bangladesh
(e) Industrial Cost Management Accountants of Bangladesh
Answer: (i) (b)

(i) If X:Y = 2:5, then (10X +3Y) : (5X+2Y) is equal to

(a) 7:4
(b) 7:3
(c) 6:5
(d) 7:9
(e) None

(ii) What is growth % of a profit from BDT 11,250 to BDT 12,712.5?

(a) 10%
(b) 11%
(c) 12%
(d) 13%
(e) None of above

(iii) If the selling price of a product is tk. 120 and this price includes 50% profit, what will be
the costs of the product?
(a) Tk. 80
(b) Tk. 60
(c) Tk. 70
(d) Tk. 40
(e) None of above

(iv) If 3𝑥+𝑦 = 32𝑥+𝑦 = √9 then the respective values of x and y are

(a) 1, ½
(b) 0, 1
(c) ½, ½
(d) 2, ½
(e) None of above

CMA September 2022 Examination, TA112 [Page 2 of 9]

(v) How many roots are there in a cubic equation?
(a) 1
(b) 2
(c) 3
(c) 4
(d) 5

(vi) A password consists of two letters of the alphabet followed by three digits chosen from
0 to 9. Repeats are allowed. How many different possible passwords are there?
(a) 492804
(b) 560000
(c) 650000
(d) 676000
(e) None of above

(vii) If X= {0,2,3,4,5,6,7,8} and Y= {3,7} find out XY.

(a) {0,3,7}
(b) {3,7}
(c) {2,3,7,}
(d) {0,2,3,4,5,6,7,8}
(e) None of above

(viii) In which case principal interest amount will be bigger?

(a) Compounding technique
(b) Simple Interest
(c) Discounting
(d) Amortization
(e) None of above

(ix) 𝑙𝑜𝑔3 √3 is equal to….

(a) 1
(b) 1/3
(c) ½
(d) 3
(e) None of above

(x) Evaluate 15P3 =?

(a) 2730
(b) 3720
(c) 2830
(d) 3027
(e) None of above

CMA September 2022 Examination, TA112 [Page 3 of 9]

QUESTION 2 [10 × 1 = 10 MARKS]
There are ten (10) statements given under the question. Identify the statements as True or
False. If the statement is false, rewrite the statement on the answer script to make it ‘True’.
Reasoning is NOT required. Follow the example given below in providing your answer.

Example:
(a) If every element of a set A is also an element of a set B then set B is called sub-
set of set A.
Answer:
(a) False. If every element of a set A is also an element of a set B then set A is
called sub-set of set B.
Note:
 You will not get any mark if you simply rewrite as ICMAB does not stand for the
Industrial Cost Management Accountants of Bangladesh.
 If the statement is true, you need NOT to rewrite the statement rather only
mention that the statement is True.

𝑥
(a) If 3+ 20 ≥ -10 then x ≤ -90
(b) The graph of a linear equation is straight line.
(c) The additive inverse of 𝑥 will be 𝑥−1
(d) If BDT per USD conversion rate increased from 84 to 105 then the depreciation of BDT
is 25%.
(e) Subtraction is the addition of negative integers.
(f) If every element of set A is also an element of set B, then set A is called sub set of B.
(𝑔) ( 𝑥 𝑏 / 𝑥 𝑐 )𝑎 x ( 𝑥 𝑏 / 𝑥 𝑐 )𝑎 x ( 𝑥 𝑏 / 𝑥 𝑐 )𝑎 is equal to 1.
(h) When the loan amount is repaid in equal amount of regular installment it is called
annuity.
(i) The bank loan which is required for the purpose of purchasing the consumer product is
called micro credit.
(j) A capital investment involves making a current cash outlay in the expectation of future
benefits.
QUESTION 3 [(5+5) = 10 MARKS]
(a) Out of 800 boys in a school, 224 played cricket, 240 played hockey and 336 played
basketball: of the total 64 played both basketball and hockey; 80 played cricket and
basketball and 40 played cricket and hockey: 24 boys played all the three games. How
many boys did not play any game?
(b) What is the value of 𝑙𝑜𝑔3 𝑙𝑜𝑔3√(3√3)
QUESTION 4 [4+6 = 10 MARKS]
(a) Mr. Ali and Mr. Mahfuj are good friends who want to take loan from two different banks
named Bank X and Bank Y. If Mr. Ali takes loan from Bank X of Tk. 12000.00 with a
simple interest rate and Mr. Mahfuj takes loan of Tk. 12000.00 from Bank Y with
compound interest rate and if the interest rates of both banks are same like 9%, what
will be the Future value of their loan after 5 years?
(b) Now Mr. Ali and Mahfuj want to invest their total amount Tk. 24000.00 in a vegetable
market and if they forecast that the net cash inflow will be Tk. 6000.00, 8000.00 and
12000.00 in year 1, year 2 and year 3 respectively, what will be the NPV of their
investment at the discount rate of 6%. Put comments on yours result?

CMA September 2022 Examination, TA112 [Page 4 of 9]

QUESTION 5 [4+6 = 10 MARKS]
(a) How many different words can be formed from the letters of the word
INTERMEDIATE? In how many of them, two vowels never come together?
(b) A group consists of 4 girls and 7 boys. How many team of 5 members can be selected,
if the team has
(i) No girl.
(ii) at least one boy and one girl.
(iii) at least three girls.

END OF SECTION A

CMA September 2022 Examination, TA112 [Page 5 of 9]

 SECTION B [50 MARKS]
THERE ARE 5 (FIVE) QUESTIONS IN THIS SECTION FROM BUSINESS STATISTICS.
ANSWER ALL THE QUESTIONS IN THE ANSWER SCRIPT FOLLOWING THE EXAMPLE
PROVIDED FOR THE SPECIFIC QUESTION.

QUESTION 6 [10 × 1 = 10 MARKS]

There are ten (10) multiple-choice questions with five options. Pick the option that best
explains the given question. Write your answer on the answer script [DO NOT PUT ANY
MARK ON THE QUESTION PAPER]. Follow the example given below in providing your
answer.

Example:
(i) ICMAB stands for the –
(a) Institute of Cost Management Accounting of Bangladesh
(b) Institute of Cost and Management Accountants of Bangladesh
(c) Institute for Cost Managers and Accounting of Bangladesh
(d) Institute of Cost Management Accountants of Bangladesh
(e) Industrial Cost Management Accountants of Bangladesh
Answer: (i) (b)

(i) How many types of data are there in Statistics?

(a) 3
(b) 4
(c) 5
(d) 2
(e) None of Above
(ii) Find the median of the set = {11, 22, 33, 55, 66, 99}?
(a) 44
(b) 55
(c) 22
(d) 33
(e) None of Above
(iii) The ratio of the standard deviation to the arithmetic mean expressed as a percentage
is called?
(a) Coefficient of standard deviation
(b) Coefficient of skewness
(c) Coefficient of kurtosis
(d) Coefficient of variation
(e) None of Above
(iv) Standard deviation is always calculated from?
(a) Mean
(b) Median
(c) Mode
(d) Lower quartile
(e) None of Above
(v) Probability of rejecting the null hypothesis when it is true is called
(a) Type-II error
(b) Type-I error
(c) Standard error
(d) Type-III error
(e) None of Above

CMA September 2022 Examination, TA112 [Page 6 of 9]

(vi) Relationship among mean, mode and median.
(a) Mode = 3 median – 2 mean
(b) Median = 3 mode – 2 mean
(c) Mode = 2 median – 3 mean
(d) Median = 2 mode – 3 mean
(e) None of the above
(vii) Rank correlation is used………………...
(a) Only when the number of variables is smaller.
(b) Only when the rank is given.
(c) To know the talent of the workers of two factories.
(d) All of the above
(e) None of the above
(viii) Regression analysis studies………………...
(a) The degree of variability between the two variables.
(b) The direction and relationship between the two variables.
(c) The nature and relationship between the two variables.
(d) None of the above
(e) All of the above
(ix) Sampling means ………………….
(a) a selection of each and every items of population.
(b) a selection of part of population.
(c) a true representation of population.
(d) the examination of entire population.
(e) None of the above
(x) Which of the following are the major characteristics of index number?
(a) It is expressed in percentages
(b) It measures the net or relative changes in variables
(c) It measures changes over a period of time
(d) All of the above
(e) None of the above

QUESTION 7 [10 × 1 = 10 MARKS]

There are ten (10) statements given under the question. Identify the statements as True or
False. If the statement is false, rewrite the statement on the answer script to make it ‘True’.
Reasoning is NOT required. Follow the example given below in providing your answer.

Example:
(a) If every element of a set A is also an element of a set B then set B is called sub-
set of set A.

Answer:
(a) False. If every element of a set A is also an element of a set B, then set A is
called sub-set of set B.

Note:
 You will not get any mark if you simply rewrite as ICMAB does not stand for the
Industrial Cost Management Accountants of Bangladesh.
 If the statement is true, you need NOT to rewrite the statement rather only
mention that the statement is True.

CMA September 2022 Examination, TA112 [Page 7 of 9]

(a) If the rank correlation coefficient between variables X and Y is 0.85, Values of Y
increase as values of X increase.
(b) In a positively skewed distribution, the mode is the smallest of the three commonly
used averages.
(c) There is nothing without addition and Multiplication in basic integer calculation.
(d) Time series model is a forecasting model.
(e) Statistics is a branch of Mathematics
(f) Collection of data is not a big problem but meaningful interpretation of data requires a
sound knowledge of statistics.
(g) A measure of central tendency is a multiple value which is used to represent an entire
set of data.
(h) Most of the variables show some kind of relationship between price and supply,
income and expenditure, etc. With the help of correlation analysis, we can measure in
one figure the degree of relationship existing between the variables.
(i) Once we know that two variables are closely related, we can estimate the value of one
variable given the value of another. This is done with the help of correlation analysis.
(j) Forecasting is concerned with two main tasks: first, the determination of the best basis
available for the formation of intelligent managerial expectations and second, the
handling of uncertainty about the future.

QUESTION 8 [10 MARKS]

(a) Explore the basic differences among Mean, Median and Mode?
(b) Find the Pearson Correlation Co-efficient of Fuel Prices and Fuel Consumption from
below table and put comments on your result?
Days 1 2 3 4 5 6 7 8 9 10
Fuel Price (Tk.) 42 55 60 68 75 78 81 85 89 135
Fuel Consumption (ton) 250 260 230 220 200 200 185 150 120 90
(c) Write down two basic limitations of co-relation coefficient?
QUESTION 9 [10 MARKS]
(a) A decision-maker is faced with the following options, which can result in the profits
shown below:
Options High Sales with Medium Sales with Low Sales with
Probability P = 50% Probability P = 40% Probability P = 10%
Option-1 50000 10000 -60000
Option-2 40000 10000 -20000
Option-3 30000 15000 0
If the intention is to maximize expected profit, which option should be taken? Put
Comment on the riskiness of the choice facing the decision-maker.
(b) Use the normal distribution table find the following:
(i) P (0< Z <1)
(ii) P (0< Z <1.25)
(iii) P (Z <2.1)
(iv) P (0.7> Z<1)
(v) P (Z>1.96)
(vi) P (Z< - 1.96)
(vii) P (- 1.96< Z< 1.96)
(viii) P (- 1.2< Z< 2.8)
(ix) P (Z>3)

CMA September 2022 Examination, TA112 [Page 8 of 9]

QUESTION 10 [10 MARKS]
(a) Explain the components of time series model and relate the model with business
forecasting?
(b) Below is the quarterly sales (in 000) of last four years:
Year Q1 Q2 Q3 Q4
2018 24.8 36.3 38.1 47.5
2019 31.2 42.0 43.4 55.9
2020 40.0 48.8 54.0 69.1
2021 54.7 57.8 60.3 68.9

Numbering 2018 Q1 as t = 1, through to 2021 Q4 as t = 16, (a) calculate the equation of the
trend (T) as a linear regression line and (b) find the forecasted sales in the year 2022?

END OF SECTION B

CMA September 2022 Examination, TA112 [Page 9 of 9]