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Module: Business Statistics 621

This document provides instructions and guidelines for a business statistics assignment. It includes a cover sheet for students to fill out with their name, ID number, module, and other details. The document then lists the assessment criteria and marks allocation for questions, content, and technical aspects. It provides 5 questions for the assignment related to descriptive and inferential statistics, probability, normal distributions, and correlation. Students are advised to follow guidelines for formatting, referencing, length, and academic honesty. The purpose of the assignment is to test students' research, analysis, problem-solving, presentation, and communication skills.

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Rethabile Ree
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179 views4 pages

Module: Business Statistics 621

This document provides instructions and guidelines for a business statistics assignment. It includes a cover sheet for students to fill out with their name, ID number, module, and other details. The document then lists the assessment criteria and marks allocation for questions, content, and technical aspects. It provides 5 questions for the assignment related to descriptive and inferential statistics, probability, normal distributions, and correlation. Students are advised to follow guidelines for formatting, referencing, length, and academic honesty. The purpose of the assignment is to test students' research, analysis, problem-solving, presentation, and communication skills.

Uploaded by

Rethabile Ree
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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MODULE: BUSINESS STATISTICS 621

ASSIGNMENT COVER SHEET

Name & Surname: ______________________ ITS No: _________________________

Qualification: __________________ Year: _______ Module Name: __________________

Elective: _________________________ Assignment Due Date: _______________

ID Number: __________________ Date submitted: __________ Semester: _______________

MARK EXAMINER’S MODERATOR’S


ASSESSMENT CRITERIA REMARKS
ALLOCATION MARK MARKS
MARKS FOR CONTENT
QUESTION ONE
QUESTION TWO
QUESTION THREE
QUESTION FOUR
QUESTION FIVE
TOTAL MARKS
MARKS FOR TECHNICAL ASPECTS
1. TABLE OF CONTENTS
Accurate numbering according to the
numbering in text and page numbers
2. LAYOUT AND SPELLING
Font – Calibri 12
Line Spacing -1.0
Margin should be Justified
3. REFERENCE
According to the Harvard Method
TOTAL MARKS
TOTAL MARKS FOR ASSIGNMENT 100
EXAMINER’S COMMENTS

MODERATOR’S COMMENTS

Name of the Examiner: __________________ Name of the Moderator: __________________


Signature of Examiner: __________________ Signature of Moderator: __________________
Date: ___________________ Date: ____________________
Instructions and guidelines

NB: 1. Candidates are advised to read the guide lines in the study guide.

2. Assignment questions are on page 3.

3. For reference use prescribed, recommended books and other resources you may come
across.

4. Correct Harvard referencing carries (5 Marks).

The purpose of an assignment is to ensure that the Student is able to:

• Use methods of enquiry and research in a disciplined field.

• Interpret and evaluate text.

• Have a sound understanding of key principles and theories, rules and awareness.

• Solve unfamiliar problems using correct procedures as well as investigate and critically analyse
information and report thereof.

• Present and communicate information reliably and coherently.

Instructions and guidelines for writing assignments

1. Use the correct cover page provided by the institution.


2. All essay type assignments must include the following:
2.1. Table of contents
2.2. Introduction
2.3. Main body with subheadings
2.4. Recommendations and Conclusions
2.5. Bibliography
3. The length of the entire assignment must have minimum of 10 pages. Typed with font size 11
Calibri. 1.5 spacing
4. The quality of work submitted is more important than the number of assigned pages.
5. Copying is a serious offence which attracts a severe penalty and must be avoided at all costs. If
any student transgresses this rule, the lecturer will retain the assignments and ask the affected
students to resubmit a new assignment which will be capped at 50%.
6. Use the Harvard referencing method.
7. Please note that these guidelines are not applicable to quantitative subjects like Accounting and
Statistics.
QUESTION ONE (30 MARKS)

2.1 1.1. A manufacturer of computer chips claims that less than 10% of his products are defective.
When 1,000 chips were drawn from a large production, 7.5% were found to be defective.
a) What is the population of interest? (2)
b) What is the sample? (2)
c) What is the parameter? (2)
d) What is the statistic? (2)
e) Does the value 10% refer to the parameter or to the statistic? (2)
f) Is the value 7.5% a parameter or a statistic? (2)
g) Explain briefly how the statistic can be used to make inferences about the parameter to test
the claim. (2)

1.2 Briefly describe the difference between descriptive statistics and inferential statistics (6)

1.3. If it is estimated that 30% of all students who fall under the Business and Management Sciences
Faculty at Richfield have a valid driver’s license. What is the probability that in a sample of 10 students:

1.3.1. Exactly 4 have a valid driver’s license? (3)

1.3.2. At least 2 have a valid driver’s license? (3)

1.3.3. More than 9 have a valid driver’s license? (4)

QUESTION TWO (30 MARKS)

2.A batch of 5000 electric lamps has a mean life of 1000 hours and a standard deviation of 75 hours.
Assuming a normal distribution:

2.1. How many lamps will fail before 900 hours? (10)

2.2. How many lamps will fail between 950 and 1000 hours? (10)

2.3. And given the same mean life, what would the standard deviation have to be to ensure that not
more than 20% of lamps fail before 916 hours? (10)
QUESTION THREE (30 MARKS)

3. Researchers at the European Centre for road Safety Testing are trying to find out how the age of
cars affects their braking capability. They test a group of ten cars of differing ages and find out the
minimum stopping distances that the cars can achieve. The results are set out in the table below:

Age (months) Minimum stopping at


car 40 km per hour
A 9 28.4
B 45 29.3
C 24 37.6
D 30 36.2
E 38 36.5
F 46 35.3
G 53 36.2
H 60 44.1
I 64 44.8
J 76 47.2

Using information provided above to answer the following questions:

3.1 Draw a scatter diagram from the data. (15)

3.2 Compute Spearman’s correlation coefficient (rho) (15)

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