FINAL ONLINE SUMMATIVE ASSESSMENT

PROGRAMME Bachelor of Commerce in Information and Technology Management

MODULE Analytical Techniques
YEA One (1)
INTAKE July 2023 Semester 1
DATE 28 November 2023
SECTION A [100 MARKS]
Answer ALL the questions in this section.

Type ONLY the letter that represents the correct answer next to the corresponding number in your online answer
booklet. E.g. 26 B

Use the information provided below to answer questions 1 to 5.

You work as an administrator in the assessment department of a South African tertiary institution. Part of your assigned
responsibilities is to undertake an audit of each assessment at the end of the final assessment period.
The sample data of the marks (in percentages) obtained by 15 randomly selected students in a business statistics
assessment is shown in the table below.

64 68 40 88 92 56 84 72 76 52 62 56 68 52 48

QUESTION 1 (4 Marks)
Which of the following characterisations of the sample data in the table above is correct?
A. The sample data is a quantitative non-discrete and non-continuous data.

B. The sample data is a quantitative discrete data.

C. The sample data is a quantitative continuous data.
D. The sample data is a mixture of quantitative discrete and continuous data.

QUESTION 2 (4 Marks)
What is the level of measurement of the sample data in the table above?
A. The marks obtained by the students are measured at the ratio-level.
B. The marks obtained by the students are measured at the nominal-level.
C. The marks obtained by the students are measured at the interval-level.
D. The marks obtained by the students are measured at the ordinal-level.

QUESTION 3 (4 Marks)
Determine the range of the sample data in the table above.
A. 52%
B. 92%

C. 56%
D. 68%

QUESTION 4 (4 Marks)
Using the raw data in the table above, determine the measures of central tendency of the marks
obtained by the 15 students (round off values to one decimal place where applicable).
A. The mean is 65.2%, the median is 64%, and modal marks are 52%, 56%, and 68%, respectively.

B. The mean is 64%, the median is 65.2%, and modal marks are 52%, 56%, and 68%, respectively.
C. The mean is 65.2%, the median is 68%, and modal marks are 56%, 64%, and 68%, respectively.
D. The mean is 64%, the median is 68%, and modal marks are 52%, 56%, and 62%, respectively.
QUESTION 5 (4 Marks)
Using the raw data in the table above, determine the standard deviation of the marks obtained by the
15 students (round off answer to one decimal place).
A. 17.0%
B. 15.2%

C. 13.7%
D. 16.7%

SECTION B
Use the information provided below to answer questions 6 to 11.
The head of the assessment department, Ms P Oroidin, has converted the sample data of the marks (in percentages)
obtained by 15 randomly selected students in a business statistics assessment into a frequency distribution. She used
6 classes of equal width for the frequency distribution.
The original sample data is shown below:

64 68 40 88 92 56 84 72 76 52 62 56 68 52 48

QUESTION 6 (4 Marks)
Ms Oroidin has provided you with the following incomplete table of analysis.

Determine the values represented by the letters: P, Q, R, and S.

A. P = 150; Q = 7 500; R = 240; and S = 14 700
B. P = 150; Q = 7 500; R = 180; and S = 14 700
C. P = 150; Q = 7 500; R = 240; and S = 19 600

D. P = 150; Q = 7 500; R = 180; and S = 19 600

QUESTION 7 (4 Marks)
Ms Oroidin has provided you with the following incomplete table of analysis.
QUESTION 8 (4 Marks)
Based on Ms Oroidin’s table of analysis, determine the mean mark obtained by the 15 randomly
selected students (round off answer to one decimal place).
A. 65.3%

B. 67.2%
C. 57.2%
D. 52.7%

QUESTION 9 (4 Marks)
Based on Ms Oroidin’s table of analysis, determine the median mark obtained by the 15 randomly
selected students (round off answer to one decimal place).
A. 62.2%

B. 68.1%
C. 63.8%

D. 57.2%

QUESTION 10 (4 Marks)
Based on Ms Oroidin’s table of analysis, determine the standard deviation of the marks obtained by
the 15 randomly selected students (round off answer to one decimal place).
A. 14.7%

B. 17.4%
C. 15.2%

D. 16.8%

QUESTION 11 (4 Marks)
Based on Ms Oroidin’s table of analysis, determine the coefficient of variation of the marks obtained
by the 15 randomly selected students and comment on the value obtained (round off answer to one
decimal place).
A. 21.4%. The coefficient of variation is moderate, indicating that the marks are moderately spread about the
mean.
B. 23.3%. The coefficient of variation is high, indicating that the marks are widely spread about the mean.
C. 17.8%. The coefficient of variation is low, indicating that the marks are clustered about the mean.

D. 20.7%. The coefficient of variation is high, indicating that the marks are widely spread about the mean.
SECTION C
Use the information provided below to answer questions 12 to 16.
An experimental physicist working on a ceramic material with superconductive properties has hypothesised that a
physical property of the material represented by the random variable x is a predictor of another physical property of the
material represented by the random variable y. In a controlled environment in which the values of x were randomly
assigned, the variable y was measured as shown below:

x 5 8 9 10 12 13 2 11 14 17
y 9 13 15 18 21 24 6 20 26 29

QUESTION 12 (4 Marks)
Which of the following analytical tools can be used to graphically examine the relationship between
the experimental data shown the table above?
A. Data auditing

B. Scatter graph method

C. Moving average method

D. Simple exponential smoothing method

QUESTION 13 (4 Marks)
Which of the following statements best reflects the main advantage of the experiment conducted by
the physicist?
A. An experiment is a scientific tool to confirm that correlation does not imply causation.
B. Experimental data just like observational data establishes a correlation between variables.
C. Experimentation is the only reliable basis of undertaking a regression analysis of variables.

D. Through the experimental method, the physicist sought to determine the causal relationship between the
variables.

QUESTION 14 (4 Marks)
What is the Pearson correlation coefficient of the experimental data gathered by the physicist?
A. 0.9794

B. 0.7324
C. 0.9896

D. 0.8558

QUESTION 15 (4 Marks)
Which of the following expressions represents the mathematical relationship between the x and y
variables?
A. y = 1.6709x - 1.2238
B. y = 1.2238x + 1.6709
C. y = 1.6709x + 1.2238

D. y = 1.2238x - 1.6709
QUESTION 16 (4 Marks)
A customer who is interested in purchasing the ceramic material for an industrial project that requires x to be
kept at a constant value of 16 has approached the physicist for advice on the expected value of y for the
project.
Which of the following is the most probable value of y estimated by the physicist.
A. 28
B. 21

C. 18

D. 26

SECTION D
Use the information provided below to answer questions 17 to 19.
An insurance salesperson has developed a sustainable business by building rapport with selected families through
regular visits. From past experience, the salesperson knows the probability that a randomly selected family will
purchase an insurance policy on a visit is 0.35. The insurance salesperson recently visited 10 randomly selected
families.

QUESTION 17 (4 Marks)
What is the probability that at least 2 of the selected families purchased insurance policies during the
salesperson’s recent visit?
A. 0.9542
B. 0.9725
C. 0.0860

D. 0.9140

QUESTION 18 (4 Marks)
What is the probability that at most 3 of the selected families purchased insurance policies during the
salesperson’s recent visit?
A. 0.5138
B. 0.3382

C. 0.4862

D. 0.6618

QUESTION 19 (4 Marks)
What is the probability that no fewer than 8 of the selected families did not purchase insurance
policies during the salesperson’s recent visit?
A. 0.2138
B. 0.3243

C. 0.2616

D. 0.1757

Use the information provided below to answer questions 20 to 21.

From actual road tests of the new continental Grabber ATX tyres, an engineering group estimated that the mean
lifetime of the continental Grabber ATX tyre is 58 500 kilometres, and that the standard deviation is 8 000 kilometres.
QUESTION 20 (4 Marks)
What is the probability that the lifetime of a set of continental Grabber ATX tyres recently purchased
will exceed 65 000 kilometres?
A. 0.2917
B. 0.2083
C. 0.7917

D. 0.7083

QUESTION 21 (4 Marks)
Estimate the expected minimum lifetime of the top 5% most durable continental Grabber ATX tyres?
A. 61 425 kilometres
B. 45 340 kilometres

C. 71 660 kilometres

D. 68 250 kilometres

SECTION E
Use the information provided below to answer questions 22 to 23.
The average quantities and prices of different fuel products bought by the customers of a popular fuel station in
Johannesburg during 2015 and 2022 are shown in the table below.

2015 2022
Quantity (litres) Price per litre, R Quantity (litres) Price per litre, R
93 Petrol 40 12.50 30 21.50
95 Petrol 50 12.00 60 21.10
Diesel 100 11.00 120 19.50

QUESTION 22 (4 Marks)
Using 2015 as the base year, determine the Laspeyres price index for 2022.
A. 175.68%
B. 193.23%

C. 109.99%

D. 168.25%

QUESTION 23 (4 Marks)
Using 2015 as the base year, determine the Laspeyres quantity index for 2022.
A. 176.02%
B. 109.99%
C. 109.77%

D. 113.33%
Using the information provided below, answer questions 24 to 25.
Using the actual sales (in units) over the past 15 months, a demand planner at a leading e-commerce firm has
forecasted the demand for a popular consumer product as shown below. Forecast 1 and Forecast 2 represent the
outputs of two comparative forecasting methods currently used by the sales and marketing, and operations
departments of the firm.

Month Actual sales (units) Forecast 1 (units) Forecast 2 (units)

October 22 120 000 - -
November 22 138 000 - -
December 22 172 000 - -
January 23 120 000 133 280 143 330
February 23 114 000 130 620 143 330
March 23 98 000 127 300 135 330
April 23 118 000 121 440 110 670
May 23 112 000 120 750 110 000
June 23 132 000 119 000 109 330
July 23 138 000 121 600 120 670
August 23 108 000 124 900 127 330
September 23 126 000 121 500 126 000
October 23 144 000 122 400 124 000
November 23 162 000 126 720 126 000
December 23 189 000 133 780 144 000

QUESTION 24 (4 Marks)
Determine the mean absolute deviation of Forecast 1.
A. 234 290 units
B. 18 721 units

C. 19 524 units
D. 22 670 units

QUESTION 25 (4 Marks)
Determine the mean absolute deviation of Forecast 2.
A. 21 638 units
B. 35 280 units

C. 19 330 units

D. 23 600 units

END OF PAPER
ANALYTICAL TECHNIQUES EQUATION SHEET
ANALYTICAL TECHNIQUES EQUATION SHEET

MEASURES OF CENTRAL LOCATION (RAW DATA)

value if is odd value if is

even

MEASURES OF CENTRAL LOCATION (GROUPED DATA)

MEASURES OF DISPERSION (GROUPED DATA)

PROBABILITY DISTRIBUTIONS:

BINOMIAL FORMULA:

z- FUNCTION (NORMAL DISTRIBUTION):

LINEAR REGRESSION AND CORRELATION: