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MODULE NAME: MODULE CODE:

QUANTITATIVE TECHNIQUES QUAT6221w

ASSESSMENT TYPE: ASSIGNMENT 2 (PAPER ONLY)

TOTAL MARK ALLOCATION: 100 MARKS

TOTAL HOURS: 10 HOURS

By submitting this assignment, you acknowledge that you have read and understood all the rules
as per the terms in the registration contract, in particular the assignment and assessment rules in
The IIE Assessment Strategy and Policy (IIE009), the intellectual integrity and plagiarism rules in
the Intellectual Integrity and Property Rights Policy (IIE023), as well as any rules and regulations
published in the student portal.

INSTRUCTIONS:
1. No material may be copied from original sources, even if referenced correctly, unless it is a
direct quote indicated with quotation marks. No more than 10% of the assignment may
consist of direct quotes.
2. Your assignment must be submitted through SafeAssign.
3. Save a copy of your assignment before submitting it.
4. Assignments must be typed unless otherwise specified.
5. All work must be adequately and correctly referenced.
6. This is an individual assignment.
7. This Assignment consists of two sections: Section A and Section B.
8. SECTION A consists of two questions. Answer both questions in Section A.
9. SECTION B consists of two questions. Answer only one of the questions in Section B, but
NOT both.

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ACADEMIC HONESTY DECLARATION

Please complete the Academic Honesty Declara5on below.
Please note that your assessment will not be marked, and you will receive 0% if you have not
completed ALL aspects of this declara5on.

DeclaraDon
SIGN
I have read the assessment rules provided in this declara5on.
This assessment is my own work.
I have not copied any other student’s work in this assessment.
I have not uploaded the assessment ques5on to any website or App offering
assessment assistance.
I have not downloaded my assessment response from a website.
I have not used any AI tool without reviewing, re-wri5ng, and re-working this
informa5on, and referencing any AI tools in my work.
I have not shared this assessment with any other student.
I have not presented the work of published sources as my own work.
I have correctly cited all my sources of informa5on.
My referencing is technically correct, consistent, and congruent.
I have acted in an academically honest way in this assessment.

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SECTION A:
ANSWER BOTH QUESTIONS (QUESTION 1 AND QUESTION 2)

Question 1 (Marks: 30)

The table below indicates the number of years of experience of a sample of salespeople who work
for Babble Pty Ltd. and their corresponding number of sales over the last month.

Years of Experience (x) Number of Sales (y)

13 21
7 17
2 8
6 14
8 15
5 11

Q.1.1 By completing the table below, and then applying the relevant formulae, (15)
determine the line of best fit for this bivariate data set.

[NOTE: Do NOT change the units for the variables. No marks will be awarded if the
table is not completed]

x y x2 xy

Σx = Σy = Σx2 = Σxy =

Q.1.2 Estimate the number of sales that would have been made in a month by a (5)
salesperson who has 11 years of experience.

Q.1.3 Using your calculator, determine the coefficient of correlation for the data set. (5)
Interpret your answer.

Q.1.4 Compute the coefficient of determination for the data set. Interpret your answer. (5)

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NOTE:

ALL FINAL PROBABILITY ANSWERS IN QUESTION 2 SHOULD BE GIVEN AS PERCENTAGES TO TWO

DECIMAL PLACES, UNLESS STATED OTHERWISE.

Question 2 (Marks: 30)

Q.2.1 A bag contains 12 red and 11 green marbles. You are asked to select two marbles from
the bag. The first marble selected will not be placed back into the bag.
Q.2.1.1 Construct a probability tree to indicate the various possible outcomes (7)
and their probabilities (as fractions).
Q.2.1.2 What is the probability that the two selected marbles will be different (3)
colours?

Q.2.2 The following contingency table gives the results of a sample survey of South African
male and female respondents with regard to their preferred brand of sports gear:

PREFERRED BRAND OF SPORTS GEAR

Maxed Nike Adidas TOTAL
No. of Females 40 110 50 200
No. of Males 65 115 70 250
TOTAL 105 225 120 450

Q.2.2.1 What is the probability of randomly selecting a respondent from the (2)
sample who prefers Nike?
Q.2.2.2 What is the probability of randomly selecting a respondent from the (4)
sample who is not male?
Q.2.2.3 What is the probability of randomly selecting a respondent who is (2)
female and prefers Adidas?
Q.2.2.4 What is the probability of selecting a respondent who is male, given (2)
that they prefer Maxed?

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Q.2.3 The probability that a randomly selected employee of Company Y is male is 0.80. (5)
The probability that an employee of the same company works in the Human
Resources department, given that the employee is male, is 0.50. What is the
probability that a randomly selected employee of the company will be male and
will work in the Human Resources department?

Q.2.4 There are nine teams participating in a pub quiz. What is the probability of (5)
correctly predicting the top four teams at the end of the competition, in the
correct order? Give your final answer as a fraction in its simplest form.

SECTION B:
ANSWER QUESTION 3 OR QUESTION 4, BUT NOT BOTH.

Question 3 (Marks: 40)

The following data set indicates the number of leather bags sold per week by a local company,
over a random sample of eleven weeks.

45 50 52 54 55 56 58 58 61 66 68

Q.3.1 Calculate the following, using the appropriate formulae and/or methods:
Q.3.1.1 The mean. Interpret your answer. (4)
Q.3.1.2 The mode. Interpret your answer. (3)
Q.3.1.3 The median. Interpret your answer. (4)
Q.3.1.4 The first quartile. Interpret your answer. (4)
Q.3.1.5 The 80th percentile. Interpret your answer. (5)
Q.3.1.6 The standard deviation. (5)

[NOTE: The relevant formula must be used. No marks will be awarded if

the answer is simply obtained directly from a calculator]
Q.3.1.7 What is the coefficient of variation for this data set? (3)
Q.3.1.8 Determine the value for the coefficient of skewness using the (4)
approximation formula. Interpret your answer.

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Q.3.2 A sample of consumers were asked which brand of energy drink they prefer. The (8)
results regarding the popularity of the drinks are given in the following table.

Brand of Energy Drink Number of Consumers

Monster 20
Red Bull 20
Switch 10
TOTAL 50

Draw a bar chart to graphically illustrate the results given in the table.

Question 4 (Marks: 40)

The following table indicates the number of customers per week who bought a smart watch from
a sports accessories store, over a random sample of 70 weeks.

Number of Customers Number of Weeks

0 -< 10 5
10 -< 20 18
20 -< 30 33
30 -< 40 11
40 -< 50 3
n = 70

Q.4.1 Calculate the following. All applicable formulae and methods, and the source of all
relevant values used, must be indicated:
Q.4.1.1 The mean. Interpret your answer. (4)
Q.4.1.2 The median. Interpret your answer. (6)
Q.4.1.3 The first quartile. Interpret your answer. (6)
Q.4.1.4 The standard deviation. (7)
Q.4.1.5 What is the coefficient of variation for this data set? (3)
Q.4.1.6 Determine the value of the coefficient of skewness using the (4)
approximation formulae. Interpret your answer.

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Q.4.2 The following data set indicates the number of emergency telephone calls (10)
received per day by a local police station over a random sample of twenty days:

13 12 16 26 22
32 28 19 29 21
25 27 24 30 25
20 21 31 29 22

Construct a grouped frequency distribution table for this data set. Your table
should include columns with descriptive headings, indicating the frequency count
values (f) and the percentage frequencies (% f) for each class. The total for each of
the latter columns should also be included. Use the classes 10 -< 15; 15 -< 20; and
so on.

[TOTAL MARKS: 100]

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FORMULAE SHEET: Quantitative Techniques (QUAT6221)

1. Index Numbers:

𝑝!
Price relative = × 100%
𝑝"

𝑞!
Quantity relative = × 100%
𝑞"

∑(𝑝! 𝑞")
Laspeyres price index = × 100%
∑(𝑝" 𝑞")

∑(𝑝! 𝑞!)
Paasche price index = × 100%
∑(𝑝" 𝑞!)

2. Measures of Central Tendency:

∑ $#%! 𝑥# ∑ $#%! 𝑓# 𝑥#
𝑥@ = 𝑥@ =
𝑛 𝑛

𝑛 𝑐 (𝑓' − 𝑓')!)
𝑐 G − 𝑓(<)K 𝑀( = 𝑂'( +
𝑀& = 𝑂'& + 2 2𝑓' − 𝑓')! − 𝑓'*!
𝑓'&

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3. Measures of Dispersion:

R = 𝑥'+, − 𝑥'#$

R = upper limit of highest class – lower limit of lowest class

∑ 𝑥 - − 𝑛 𝑥̅ - ∑ 𝑓𝑥 - − 𝑛 𝑥̅ -
𝑠- = 𝑠- =
𝑛−1 𝑛−1

𝑠
𝑠 = N𝑠 - 𝐶𝑉 = × 100%
𝑥@

.! ) 0"
Interquartile range = Q3 - Q1 Quartile Deviation =
-

𝑛 ∑( 𝑥# − 𝑥@ )2 3(Mean − Median )
𝑆𝑘1 = 𝑆𝑘1 =
(𝑛 − 1)(𝑛 − 2)𝑠 2 Standard deviation

𝑛 3𝑛
𝑐 G − 𝑓(<)K 𝑐G − 𝑓(<)K
𝑄! = 𝑂3! + 4 𝑄2 = 𝑂32 + 4
𝑓3! 𝑓32

P = lp + (Up – lp)((p/100)n – f(<))

fp
Where:

lp = lower class boundary of the interval containing the pth percentile

Up = upper class boundary of the interval containing the pth percentile
f(<) = cumulative frequency of the class interval before the interval containing the pth percentile
fp = frequency of the class interval containing the pth percentile

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4. Linear Regression and Correlation

𝑦Z = 𝑏" + 𝑏! 𝑥 or 𝑦Z = 𝑎 + 𝑏𝑥

𝑛 ∑ 𝑥𝑦 − ∑ 𝑥 ∑ 𝑦 ∑ 𝑦 − 𝑏! ∑ 𝑥
𝑏! = 𝑏 = 𝑏" = 𝑎 =
𝑛 ∑ 𝑥 - − (∑ 𝑥)- 𝑛

𝑛 ∑ 𝑥𝑦 − ∑ 𝑥 ∑ 𝑦 𝑟 - = (𝑟)- × 100
𝑟=
N[𝑛 ∑ 𝑥 - − (∑ 𝑥)- ][𝑛 ∑ 𝑦 - − (∑ 𝑦)- ]

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