Download CIMA Exam Practice Kit: Business Mathematics by Walter Allan PDF
By Walter Allan
CIMA examination perform Kits consolidate studying via delivering an in depth financial institution of perform questions. each one resolution offers a detailed research of the right kind solution and highlights why the choices are wrong. CIMA examination perform Kits are perfect for scholars learning independently or attending a tutored revision direction. It supplementations the legit CIMA examine structures and CIMA Revision playing cards with a wealth of extra questions and fabric concentrated basically on utilising what has been learnt to passing the examination. CIMA examination perform Kits aid scholars arrange with self belief for examination day, and to cross the recent syllabus first time. * comprises 2 hundred examination regular a number of selection questions* organize to move with vast extra query perform * presents labored solutions to completely clarify the right kind resolution, and research of mistaken solutions - aiding CIMA scholars stay away from universal pitfalls
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4 A new machine costs £8,000 and lasts 10 years and has a scrap value of £100. What is the annual rate of compound depreciation? 5 Dougie is saving to pay for his daughter’s wedding in five years’ time. He puts £400 per year in the bank which will earn interest at 9%. The wedding is expected to cost £3,000. Will he have saved up enough by then? 6 How much needs to be invested now at 6% per annum to provide an annuity of £5,000 per annum for ten years commencing in five years’ time? 7 Calculate the annual repayment on a bank loan of £50,000 over eight years at 9% per annum.
So A 3 Stratified sampling is often preferred to systematic sampling because this method ensures that a representative cross section of the sample in the population is obtained. so B 4 Postal questionnaires, personal interviews, telephone interviews and observation are all used to collect primary data. so D 5 This is an example of systematic sampling. so D Presentation of Data 7 Concepts, definitions and short-form questions 1 In constructing graphs and diagrams, state six principles which should be followed.
I) 9 ϭ Mean Estimation of mode for grouped data In a grouped frequency distribution, the modal class is the class with the largest frequency. This can easily be found by observation. The value of the mode within the modal class can then be estimated from a histogram. Having located the modal class it is necessary to draw in the dotted lines shown in the following diagram. f M = Modal value of the variable M Variable Averages 43 10 Class interval Mid-value Weight (grams) 100 and less than 110 110 and less than 120 120 and less than 130 130 and less than 140 140 and less than 150 150 and less than 160 160 and less than 170 170 and less than 180 180 and less than 190 190 and less than 200 x f fx 105 115 125 135 145 155 165 175 185 195 1 2 5 11 21 20 17 11 6 6 105 230 625 1,485 3,045 3,100 2,805 1,925 1,110 1,170 ⌺f ϭ 100 ⌺fx ϭ 15,600 Total Xϭ Frequency ⌺fx 15,600 ϭ ϭ 156 g ⌺f 100 Multiple choice questions 1 The arithmetic mean of 3, 6, 10, 14, 17, 19 and 22 is A B C D 2 The median of 3, 6, 10, 14, 17, 19 and 22 is A B C D 3 11 13 14 15 The mean weight of 10 parcels is 20 kg.