EXTERNAL ATKT EXAMINATION(ANSWER KEY)

SLRTDC/2022-23/SEM-(I/II/III/IV)/SEP-2022/Department/Subject Code-UBCOMFSI.7

Q.1 (a) module-1

No. of Shares = 9, 00,000/15 = 60,000

Now, Dividend = Rate x Face Value x No. of Shares
Therefore, Face Value = 9,600 / (8% x 60,000) = 2
(b) module-1
Entry load=2.25% x 110 = 2.475
Purchase price of 1 unit = 110 + 2.475 = ₹ 112.475
No. of units = 18000/112.475 = 160.0356
Current value of the investment = 160.356 x 130 =₹ 20,846.28.
(c) module-1
Market Value per Share = 130
Brokerage = 0.4% of 130= 0.52
Total Purchase Price = 130+ 0.52 = 130.52
No. of Shares = 3,263 / 130.52 = 25
(d) module-1
Entry load = 8,000-7,820= ₹ 180
So, percentage entry load = (Entry load in ₹ / Value of the units ) × 100
= 180 × 100/7,820 = 2.30.
(e) module-1
Let N.A.V. at the beginning of the year be x
So, absolute change in N.A.V. = 12.5% of x = 0.125x
So, N.A.V. at the end of the year = x + 0.125x = 1.125x
So, 1.125x = 72
x = 72/1.125 = 64
So, N.A.V.'s initial value was ₹ 64
Q.2 (a) module-2
i) 6 x 6 x 6 x 6 =1296
ii) 6 x 5 x 4 x 3 =360.
(b) module-2
Since nP5 : nP3 = 2:1
 [n! / (n - 5)!]/ [n! / (n - 3)!] = 2
.
. . (n-3)! / (n-5)! =2
.
. . [(n - 3)(n - 4) (n - 5)!] / (n - 5)! = 2
.
. . (n-3)(n-4) =2 . . . n2 -7n +12 =2
.
. . n2 -7n +10 =0 . . . n=5 or n=2
But, for nP5 , n ≥ 5 . . . n=5
(c) module-2
Straight line can be drawn by joining any two points in the plane. Therefore Number of straight lines, which can be drawn =
20
c2 = 20 x 19 /2 = 190. However, eight of these 20 points are collinear, which do not really form 8C2 = 8 x 7/ 2 x 1 = 28
lines but form only a single line. Therefore Number of straight lines, which can be obtained = 190-28 +1=163.
(d) module-2
We first draw the lines
L1 : x + y = 2
L2 : 2x + 3y = 12 and
L3 : 3x + 2y = 12

The points on L1 are (0, 2), (2, 0) and L2 are (0, 4), (6, 0) and L3 are (0, 6), (4, 0) Since x + y ≥ 2 we have to consider region
above L1 Since 2x + 3y <= 12 we have to consider region below L2 and L3 3x + 2y ≤ 12 Since x ≥ 0 y ≥ 0 we have to consider
the region XOY. The common region is shown by the shaded portion of ACPEB, which is the feasible region. It is a convex
set.
(e) module-2
To Minimize Z=10x + 5y
Subjected to 2x – y ≥ 1, x + y ≥ 5, x ≥ 0, y ≥ 0
Consider, 2x – y =1 ………. (1)
X 0 1/2
Y -1 0
A B
Consider, x + y =5 ……….. (2)

X 0 5
Y 5 0
C D
Draw lines (i) and (ii) on the graph paper, with the help of points A, B and C, D.
To find P, the point of intersection of lines (i) and (ii).
Solving (i) and (ii) simultaneously
2x - y = 1
x + y = 5 by adding both eqn. , we get, 3x = 6 so, x = 2 and y = 3 therefore P = (2, 3)
The feasible region is the shaded portion in the graph and the points to consider are P, D.
At P (2, 3) Z = 10x + 5y = 10(2) + 5(3) = 35
At D (5, 0) Z = 10x + 5y = 10(5) + 5(0) = 50
As 35 is less than 50, the function Z is minimized at P (2, 3) and minimum value of Z is 35. x = 2 and y = 3 give minimum
value of Z = 35.

SECTION-II

Q.3) (a) module-3

Class Class Bounds Frequency Cumulative frequency

5-10 2.5-12.5 16 16
15-20 12.5-22.5 14 30
25-30 22.5-32.5 13 43
35-40 32.5-42.5 17 60
Total 60
For median, consider N / 2 = 60/2 = 30 as 43 is the first c. f > 30 the required class is 22.5-32.5.
Median =l1 + [ (l2 – l1) (N/2-c.f.)]/f
= 22.5 + [(32.5 - 22.5)(30 - 30)] / 13
=22.5 + 0 = 22.5
For fifth decile, D5 consider 5N / 10 = 5 x 60 / 10 = 30 as 43 is the first c .f.>30 the required class is 22.5-32.5.
D5 = 22.5 + [(32.5 - 22.5)(30 - 30)] / 13
=22.5 + 0 = 22.5
Note that the values of D5 and Median are same because 5th Decile coincides with Median.
(b) module-3
Merits of Arithmetic Mean
(i) It is easy to understand and easy to calculate.
(ii) It is rigidly defined, so that a unique answer is obtained.
(iii) It is based on all the observations, which can be seen from the formula
A.M. = ∑ x/n where ∑x denotes the sum of all observations.
(iv) Further mathematical treatment is possible in case of arithmetic mean.
For instance, mean for the combined group can be calculated knowing
means of individual groups.
(v) If number of items and their average are known, the sum of the values of
these items can be directly obtained.
(vi) As sum of the deviations of the values from the arithmetic mean is zero, it
balances the values on either side of it. So, it is better representative than
any other average.
(vii) It is less affected by sampling fluctuations and so it has a sampling
stability.
Demerits of Arithmetic Mean:
(i) As its computation requires all values, if some values are not known, it can not be calculated.
(ii) It is a value which may not be present in the data. That is, there may not be even one item whose value
coincides with value of the arithmetic mean.
(iii) Sometimes, it may give absurd results like the average number of students per class is 50.4.
(iv) It is affected by extreme values, i.e. those, which are either too large
or too small.
e.g. the mean of 50, 75, 65, 57, 48 is 59.
If we consider the last observation as 480 instead of 48, i.e. the mean
of 50, 75, 65, 57 and 480 is 145.5.
 (v) In case of open end class intervals, the arithmetic mean can not be computed, unless some assumption about
size of class intervals is made.
(c) module-3

Age f X fx fx2
10-20 8 15 120 1800
20-30 12 25 300 7500
30-40 20 35 700 24500
40-50 14 45 630 28350
50-60 10 55 550 30250
Total 64 - 2300 92400
A.M. =2300/64 = 35.9375 years
S.D. = √[92400/64 - (35.9375)2]
= √1443.75 -1291.5039
= √152.2461 = 12.34 years
Coefficient of variation = 12.34 x 100/35.9375 = 34.3374
(d) module-3
since N=120
For Q1, N/4 =120/4 =30
For Q2 , N/2=120/2 = 60
For Q3, 3N/4 = 3 x 120 /4 = 90.

Hence Q1 =21 yrs., Q2 =32 yrs., Q3 =46 yrs.

(e) module-3
Arrange the sets in ascending order of magnitude as
Set A: 34,35,39,40,42,45,47,50,51,52,53,55,57,62,63
Here, n =the total no. of observation=15
Q1 is {(n+1)/4}th observation = 4th observation
Hence Q1 = ₹40
Q3 is {3(n + 1)/4)}th observation = 12th observation
hence Q3 = ₹55
Quartile Deviation = (Q3 – Q1)/2 = (55 - 40)/2 = 7.5
Coefficient of Quartile Deviation
= (Q3 -.Q1 ) / (Q3 + Q1 ) = (55 - 40)/(55 + 40) = 15/95 = 0.1579

Q.4
(a) module-4
i)Sample Space of an Experiment:
A set of all possible outcomes of an experiment is called sample space of the experiment. It is denoted by S. e.g. sample
space of the experiment of tossing an unbiased coin is S= (H, T), where H denotes "head" and T denotes "tail". Similarly,
sample space of the experiment of throwing a fair dice is S= (1, 2, 3, 4, 5, 6).
ii) Mutually Exclusive Events:
If occurence of one event restricts the occurence of the other, the two events are said to be mutually exclusive events.
Therefore, if two events A and B cannot occur together they are mutually exclusive events. In such a case, A ∩ B = Ф(empty
set)
In the above example, A and B are mutually exclusive events, but A and C are not mutually exclusive events.
(b) module-4

X 0 1 2 3 4 5 Total
P k 0.3 0.15 0.15 0.1 2k 0.7+ 3k
p.x 0 0.3 0.3 0.45 0.4 10k 1.45+10k
Now, Σp = 1
so 0.7 + 3k = 1
Therefore k=0.1
E(x) = Σp.x = 1.45 + 10k = 1.45 + 10 * 0.1 = 2.45.
(c) module-4
The following are the sample points when 2 dice are thrown.
S= {(1, 1), (1, 2), (1, 3), (1, 4), (1, 5), (1, 6)
(2, 1), (2, 2), (2, 3), (2, 4), (2, 5), (2, 6)
(3, 1), (3, 2), (3, 3), (3, 4), (3, 5), (3, 6)
(4, 1), (4, 2), (4, 3), (4, 4), (4, 5), (4, 6)
(5, 1), (5, 2), (5, 3), (5, 4), (5, 5), (5, 6)
(6, 1), (6, 2), (6, 3), (6, 4), (6, 5), (6,6)}
n(S)= 36.
 i) Probability (no. on first die is < no on second dice)
=(5 + 4 + 3 + 2 + 1)/36 = 15/36 = 0.4167
ii) Probability (sum of numbers is 8)= 5/36 = 0.1389.
(d) module-4
(i) Probability (all 4 cards are black)
= (26 C4)/52 C4
= ((26 * 25 * 24 * 23)/(4 * 3 * 2 * 1))/((52 * 51 * 50 * 49)/(4 * 3 * 2 * 1)) = 0.0552
(ii) Probability (only one is king) = (4C1 x 48
C3.) /4 C4
= ((4 * 48 * 47 * 46)/(3 * 2 * 1))/((52 * 51 * 50 * 49)/(4 * 3 * 2 * 1)) = 0.2556.
(e) module-4
P(B)=1-P( B bar )= 1 - 4/5 = 1/5
P(A ∩ B)= P(A) * P(B) = 1/4 * 1/5 = 1/20
By addition theorem,
P(A ∩ B)= P(A) + P(B) -P(A ∩ B) = 1/4 + 1/5 - 1/20 = 8/20 = 2/5

Q.5
(a) module-5

Course of Action States of Nature

S1 S2 S3

A1 65 45 30

A2 75 25 105

A3 90 70 75

(i)Laplace Criterion
For A1 , Average pay-off (65+ 45+30)/3 = 46.67
For A2 , Average pay-off (75+25+105)/3 = 68.33
For A3 , Average pay-off f = (90 + 70 + 75) / 3 = 78.33
Now maximum average pay-off = 78.33 so choose A3.
(ii) Maximax Criterion
For A1 , max (65, 45, 30) = 65
For A2 , max (75, 25, 105)= 105
For A3 , max (90, 70, 75) = 90
As maximum is 105, choose A₂
(iii) Maximin Criterion
 For A1 , min (65, 45, 30) = 30
For A2, min (75, 25, 105) = 25
For A3 min (90, 70, 75) = 70
As maximum is 70, choose A3
(b)

S₁, S, S, are the states of market demand, being poor, average and good respectively, with probabilities 0.3, 0.55 and 0.15.
For product P, EMV 0.3 x 100+ 0.55 x 350 +0.15 × 100 = 237.5 For product Q, EMV = 0.3 * 150 + 0.55 * 250 + 0.15 * 150
=205.0 As, EMV is more for product P, best decision is to choose product P.
(c) module-5
Decision Tree:
A decision tree is a graphical presentation of a decision process involving multiple stages. It indicates all the courses of
actions, states of nature with associated probabilities and the conditional pay-offs of a decision problem. A decision node is
represented by a square and state of nature node is represented by a circle. Usually, the decision nodes are numbered using
capital letters A, B, C,... from left to right and the states of nature nodes as 1, 2, 3,... sequentially from left to right. The
different courses of action originate as branches from the decision node. At the end of each of these branches, there are states
of nature nodes. The states of nature emerge as sub-branches from these nodes. The probabilities associated with the states of
nature and the pay-offs are shown on these branches. This way of representing a decision problem is called a decision tree.
(d) i) Acts:
These include different ways or acts available to the decision maker. As described earlier, it may contain acts like produce
3000 units, 2000 units, etc. It may involve various strategies or options available for the company like outsourcing,
subcontracting, working in multiple shifts, etc. These alternative courses of action are usually denoted by A 1, A2 ,....,An.
ii) States of Nature:
These represent all future events that can occur, which are natural possibilities or market situations on which the Decision
Maker has no control. For instance, the sales of products may depend on seasons like summer, winter, rainy season, etc. or
the demand of product can be very high, high, moderate, low, etc. These situations, beyond the control of the Decision Maker
are known as States of Nature or Outcomes and are denoted by S1, S2 ,....,Sn ,et The states of nature may be described by
corresponding probability distribution. For example, the probabilities associated with demand being high, moderate and low
can be 0.3, 0.5 and 0.2 respectively. Note that, as it is exhaustive and mutually exclusive list of states of nature i.e. all
possibilities of demand are considered, the total of probabilities is 0(i. e. 0.3 + 0.5 + 0.2 = 1.0 )
(e)
The EMV for action A1 = 6.8 + 6 + 9 = 21.8
The EMV for action A2 = 2.8 + 4.8 + 6 = 13.6
So choose action A1 with maximum EMV of 21.8.