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Maths PPR

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34 views5 pages

Maths PPR

Uploaded by

Ansu Anas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Final-Term Exam (Take-Home) Fall – 2020

Department of Business Administration

Subject: Introduction to Mathematics Submission Day: Saturday


Program: BBA Submission Date: Jan 30, 21 by 10:00 AM
Instructor: Azeem Aftab / Sajid Yasin Max. Marks: 20
Abdul Khaliq/ Zaheer Abbas/Adeel ur Rehman/M. Amin Qureshi/Shahzeen Rizwan

Please follow the instructions carefully:

1. Write your answers in a Word file and upload the file before the due date on Blackboard.
2. Write your name and registration ID on the first page of your Word file.
3. Answer scripts can only be uploaded on Blackboard any time before its deadline.
4. To avoid any unforeseen problems, you are advised NOT to wait for the last hour to
upload your answer script.
5. Submission of answer copy(ies) will be considered acceptable through Blackboard only.
Therefore, do not submit your document through email or any other medium.
6. Use 12 pt. font size and Times New Roman font style along with 1-inch page margins.
7. You can give your answers in hand written form if you are facing any difficulty in
type-written form.
8. If you are giving hand written answers then you must use blank sheets with sufficient
margin on left and right side.
9. After completing the paper, you are required to make its viewable Snap Shot
(preferably Scan) and paste them on a word file or create a single PDF file.
10. Please make sure that your hand written file is sufficiently visible and readable. You must
avoid any blur or dull pictures. Don’t use pencil at all.
11. Strictly follow the sequence of the questions.
12. Follow the requirements of the word limit and the marking criteria while writing your
answers.
13. Provide relevant, original and conceptual answers, as this exam aims to test your ability to
examine, explain, modify or develop concepts discussed in class.
14. Do not copy answers from the internet or other sources. The plagiarism of your answers
may be checked through Turnitin.
15. Recheck your answers before the submission on BlackBoard to correct any content or
language related errors.
16. Double check your word file before uploading it on BlackBoard to ensure that you
have uploaded the correct file with your answers.

RUBRIC (Scoring guide)


Developing expressions 20%

Calculation 20%

Steps 40%

Final Answer 20%


SECTION - B
Question No. 1:

Part – A: Marks [3]


A national census is mandated by the Constitution of Pakistan to be held every ten years. After
the independence of Pakistan in 1947, the first census took place in 1951. Figure 1 reflects the
increase in population of Pakistan during last four national census. The increase between 1972
and 2017 could be approximated by a linear function. If in 1972 the population was 65.309
million and as per the census data of 2017 the population was 207.774 million;

a) Determine the estimation function P = f (t), where P equals the population of Pakistan and t
equals time measured in years since 1972.
b) Interpret the slope and P intercept
c) According to this function, what will be the estimated population of Pakistan in 2027 census?

Census Data
250000000

200000000
Population (approx)

150000000

100000000

50000000

0
1972 1981 1998 2017
Census Year

Census Data

Figure 1

Part – B: Marks [2]


A Leading manufacturer of Action Figures is about to introduce four new Action Figures. The
accompanying table summarizes price and cost data, combined fixed costs equal $85,000. A
marketing research study predicts that for each unit sold of Noyan, 2 units of Dogan, 3 units of
Bamsi and 4 units of Turgut will be sold.
Action Figures
Turgut Bamsi Dogan Noyan
Selling Price (in dollars) 35 26 24 16
Variable Cost/unit (in dollars) 17 12 12 11
Table 1
a) How many product mix units must be sold to break even?
b) How does it translate into sales of individual games?

Question No. 2:

Part – A: Marks [3]


In USA there are seven federal tax brackets for the 2020 tax year: 10%, 12%, 22%, 24%, 32%,
35% and 37%. Your bracket depends on your taxable income and filing status. These are the
rates for taxes due in April 2021 if you are a single filer.

Taxable Income Tax Rate

$0 to $9,875 10%
$9,876 to $40,125 12%
$40,126 to $85,525 22%
$85,526 to $163,300 24%
$163,301 to $207,350 32%
$207,351 to $518,400 35%
$518,401 or more 37%
Table 2

a) Create a Mathematical Model that represents the aforementioned information to calculate


the annual income tax of each slab.
b) How much annual income tax you will have to pay if your monthly taxable income is
$13,750.

Part – B: Marks [2]


A major city wants to establish a sinking fund to pay off debts of PKR 800 million which come
due in 10 years. The city can earn interest at the rate of 8 percent per year compounded monthly.
If first deposit is made 1 month from now;
a) What monthly deposit will be required to accumulate the PKR 800 million?
b) How much interest will be earned on these deposits
Question No. 3: Marks [5]

The following are the demand and supply functions for three competing mobile phone models of
different manufacturers.

q d 1=92−20 p 1+ 4 p2 + 4 p 3
q s 1=24 p1−32
q d 2=60+ 4 p1−12 p2 +8 p3
q s 2=12 p 2−44
q d 3=76 +4 p1 +8 p2−16 p3
q s 3=12 p 3−20
Using Inverse Matrix Method determine whether there are prices which would bring the
supply and demand levels into equilibrium for each of the three mobile phone models. If so,
what are the equilibrium demand and supply quantities?

Question No. 4:

Part – A: Marks [3]


A leading firm requires a software for its internal use. The firm wants to evaluate whether it is
less costly to have its own programming staff and resources or to have programs developed by an
external development firm. The cost of both options are a function of the number of lines of
code. After the mathematical analysis it has been estimated that the in-house development will
cost $1.75 per line of code. In addition, annual overhead costs for supporting the program will be
$35000. While Software developed outside the firm costs, on average, $2.5 per line of code.
a) How many lines of code per year make costs of the two options equal?
b) If programming needs are estimated at 35000 lines per year, what are the costs of the two
options?
c) In part b what would the in-house cost per line of code have to equal for the two options to be
equally costly?
Part – B: Marks [2]
Because the parameters used in mathematical models are frequently estimates, actual results may
differ from those projected by the aforementioned mathematical analysis in Part-A. To account
for some of the uncertainties which may exist in a problem, analysts often conduct sensitivity
analysis. The objective is to assess how much a solution might change if there are changes in
model parameters. Assume that the software development costs by outside firms might actually
fluctuate by ±15% from the $2.5 per-line estimate.
Re-compute the breakeven points if the costs are 15 percent higher or lower (compute for both
the cases) and compare your results with the original answer in Part A.

Good Luck!

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