Assignment (50 marks)

4601AFYPC Business Mathematics and Statistics

1. This is a group assignment. Form a group of 2 or 3 members.

2. All students are required to complete the peer assessment form. Failure of complete that
form will receive a penalty of -10% of the mark.
3. Submit your work in softcopy (Microsoft Words) and submit it via Google Classroom.
4. Marks will be deducted for any plagiarism/copying or late submission.
5. Return this question paper together with your report and peer assessment form.
6. Due date: 25 November 2022 (Friday) BEFORE 6.00 PM.

QUESTIONS

1. In an examination, the probability that a student will pass Accounting is 0.75. If the (13 marks)
student passes Accounting, the probability that the student will pass Economy is 0.8. If
the student fails Accounting, the probability that the student will fails Economy is 0.3.
(a) Calculate the probability that the student will pass
i. Economy.
ii. Accounting given that the student passes Economy.
(b) Find the probability that the student fails for both subjects, Accounting and
Economy.
(c) Find the percentage that the student fails Accounting in this examination.
(d) State whether the events of a student who passes Accounting and Economy are
independent. Give reasons for your answer.

2. Nusantara Research, Inc., a consumer research organization, conducts surveys designed (7 marks)
to evaluate a wide variety of products and services available to consumers. In one
particular study, Nusantara looked at consumer satisfaction with the performance of
automobiles produced by a major Detroit manufacturer. A questionnaire sent to owners
of one of the manufacturer’s full-sized cars revealed several complaints about early
transmission problems. To learn more about the transmission failures, Nusantara used
a sample of actual transmission repairs provided by a transmission repair firm in the
Detroit area. The following data show the actual number of miles driven for 50 vehicles
at the time of transmission failure.

85092 89341 53500 64544 116269 37831 40001 69568 59817

39323 88798 85288 53402 82256 77539 118444 85586 95774
64342 59465 32534 32464 67202 32609 73341 59902
74276 94219 92857 65605 72069 89641 77437 85861
74425 67998 101769 121352 77098 61978 116803 86813
79294 38114 25066 69922 35662 64090 63436 66998
Use appropriate descriptive statistics to summarize the transmission failure data.
Comment on the results obtained.
3. A large bakery regularly takes samples of bread to ensure that its product meets quality (10 marks)
specifications. Each loaf that is sampled is first weighed and weight records of 765
‘standard’ sliced loaves have accumulated over the last few months. The Quality
Control Manager would like these records analyzed and has aggregated the data into
the following frequency table.
Weight Range Number of Loaves
780g below to 790g 34
790g below to 795g 80
795g below to 800g 111
800g below to 805g 162
805g below to 810g 161
810g below to 815g 120
815g below to 820g 70
820g below to 830g 27
(a) Analyze these figures and write a report to the Quality Control Manager. Your
analysis should include measures of location and spread of the data.
(b) Construct a 99% confidence interval for the mean number of loaves over the
last few months.

4. Drinkho Ltd., a drink manufacturer, has recently been prosecuted for selling an (20 marks)
underweight 150g jar of drink. You have been asked to assist the quality control
manager who is investigating the problem.
Jars are filled automatically and the filling machine can be preset to any desired
weight. For the 150g jars of drink, a weight of 151g is set. There is no subsequent
checking of the weight of individual jars, although samples are occasionally taken to
check for quality. The standard deviation will depend to a certain extent on the mean
weight, but for weights between 140g and 160g, it is virtually constant at 1.5g.
You have been asked to apply your knowledge of normal distribution to the problem.
In particular, you have been told that prosecution only occurs when the product is
underweight by more than 2%, so you need to find the probability that such a weight
could happen by chance.

(a) Assuming that the mean weight is 151g, what proportion of jars are:
(i) Under 150g in weight?
(ii) Under 148g in weight?
(iii) Under 147g in weight?
(iv) Over 150g?

(b) What should the mean weight be set to so that the probability of a jar weighing
less than 148g is less than 0.1%?
(c) Write a short note to the Quality Control Manager summarising your results.

***END OF QUESTIONS***