Business Mathematics – NBC Institute

QTB – May 2017 – L1 – SA – Q15 – Statistics

This question involves calculating the probability that a defective item is from process B.

Question

A large batch of components of TV sets is stocked by a company. The batch comprises components that are manufactured by processes A, B, and C. There are twice as many components from process A as from each of processes B and C in a batch. Components from A contain 8% defectives, and those from B and C contain 11% and 14% defectives respectively.
The probability that a defective item is from process B is:
A. 0.228
B. 0.238
C. 0.248
D. 0.258
E. 0.268

Answer

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Tags: Business Mathematics, Defective Items, Probability
Level: Level 1

Topic: Statistics
Series: MAY 2017

QTB – May 2017 – L1 – SA – Q13 – Statistics

This question calculates the probability of rolling either a four or a six on a six-sided die.

Question

A six-sided die is thrown into the air, the probability that either a FOUR or a SIX will fall upper most is:

Answer

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Tags: Business Mathematics, Dice, Probability
Level: Level 1

Topic: Statistics
Series: MAY 2017

QTB – May 2017 – L1 – SA – Q7 – Mathematics

This question assesses understanding of histograms and their characteristics.

Question

Which of the following is NOT TRUE about a histogram?
A. A vertical rectangle is drawn to represent each class of the frequency distribution
B. A histogram is a graph of a grouped frequency distribution
C. The frequency of a class is represented by the height of its rectangle.
D. Histogram and bar charts look similar but they are constructed very differently.
E. The frequency of a class is represented by the area of the bar corresponding to the class.

Answer

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Tags: Business Mathematics, Data Representation, Graphs, Histogram
Level: Level 1

Topic: Mathematics
Series: MAY 2017

QTB – May 2017 – L1 – SA – Q6 – Mathematics

This question asks to calculate the marginal revenue at a given sales volume.

Question

If the sales function of a company is given as what is the marginal revenue when

A. 122
B. 120
C. 125
D. 130
E. 135

Answer

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Tags: Business Mathematics, Calculus, Derivatives, Marginal Revenue
Level: Level 1

Topic: Mathematics
Series: MAY 2017

QTB – May 2017 – L1 – SA – Q15 – Statistics

This question involves calculating the probability that a defective item is from process B.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Mathematics, Defective Items, Probability
Level: Level 1

Topic: Statistics
Series: MAY 2017

QTB – May 2017 – L1 – SA – Q13 – Statistics

This question calculates the probability of rolling either a four or a six on a six-sided die.

Question

A six-sided die is thrown into the air, the probability that either a FOUR or a SIX will fall upper most is:

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Mathematics, Dice, Probability
Level: Level 1

Topic: Statistics
Series: MAY 2017

QTB – May 2017 – L1 – SA – Q7 – Mathematics

This question assesses understanding of histograms and their characteristics.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Mathematics, Data Representation, Graphs, Histogram
Level: Level 1

Topic: Mathematics
Series: MAY 2017

QTB – May 2017 – L1 – SA – Q6 – Mathematics

This question asks to calculate the marginal revenue at a given sales volume.

Question

If the sales function of a company is given as what is the marginal revenue when

A. 122
B. 120
C. 125
D. 130
E. 135

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Mathematics, Calculus, Derivatives, Marginal Revenue
Level: Level 1

Topic: Mathematics
Series: MAY 2017

Question Tag: Business Mathematics

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QTB – May 2017 – L1 – SA – Q15 – Statistics

This question involves calculating the probability that a defective item is from process B.

QTB – May 2017 – L1 – SA – Q13 – Statistics

This question calculates the probability of rolling either a four or a six on a six-sided die.

QTB – May 2017 – L1 – SA – Q7 – Mathematics

This question assesses understanding of histograms and their characteristics.

QTB – May 2017 – L1 – SA – Q6 – Mathematics

This question asks to calculate the marginal revenue at a given sales volume.

QTB – May 2017 – L1 – SA – Q15 – Statistics

This question involves calculating the probability that a defective item is from process B.

QTB – May 2017 – L1 – SA – Q13 – Statistics

This question calculates the probability of rolling either a four or a six on a six-sided die.

QTB – May 2017 – L1 – SA – Q7 – Mathematics

This question assesses understanding of histograms and their characteristics.

QTB – May 2017 – L1 – SA – Q6 – Mathematics

This question asks to calculate the marginal revenue at a given sales volume.

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QTB – May 2017 – L1 – SA – Q15 – Statistics

This question involves calculating the probability that a defective item is from process B.

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QTB – May 2017 – L1 – SA – Q13 – Statistics

This question calculates the probability of rolling either a four or a six on a six-sided die.

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QTB – May 2017 – L1 – SA – Q7 – Mathematics

This question assesses understanding of histograms and their characteristics.

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QTB – May 2017 – L1 – SA – Q6 – Mathematics

This question asks to calculate the marginal revenue at a given sales volume.

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QTB – May 2017 – L1 – SA – Q15 – Statistics

This question involves calculating the probability that a defective item is from process B.

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QTB – May 2017 – L1 – SA – Q13 – Statistics

This question calculates the probability of rolling either a four or a six on a six-sided die.

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QTB – May 2017 – L1 – SA – Q7 – Mathematics

This question assesses understanding of histograms and their characteristics.

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QTB – May 2017 – L1 – SA – Q6 – Mathematics

This question asks to calculate the marginal revenue at a given sales volume.

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