Assignment GDB Solution: MTH302 Business Mathematics & Statistics

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MTH302 GDB Solution Fall 2017

Q# 1: In a hospital there are 56 TB patients. The patients are grouped with respect to their ages. Class Boundaries Frequency 5-10 8 10-15 9 15-20 15 20-25 10 25-30 8 30-35 6   Find the average (mean) age of the TB patients. Solution : Q# 2: Find the Median and Mode of the […]

MTH302 Business Mathematics & Statistics GDB 1 Solution Spring 2014

“Since variance and standard deviation both are used to check variability in the data set. Discuss which one is more reliable to apply. Justify your answer at least with two appropriate examples.“ The variance of a data set measures the mathematical dispersion of the data relative to the mean. However, though this value is theoretically correct, it is difficult to […]

MTH302 Business Mathematics & Statistics GDB Solution Fall 2013

“Ultimate Goal of a business is to earn profit. How business mathematics can help you in making decision about investment in a business” Solution:  The Importance of Mathematics In Business Mathematics plays an important role in our every day life, for example we have to be able to calculate the discount in a shopping mall, the interest when we get […]

MTH302 Business Mathematics & Statistics Assignment 2 Solution Spring 2013

Q#1: Using the co-efficient of variation, determine whether or not there is greater variation among the prices of certain similar commodities, than among the life in hours under test. Prices in Rupees: 8, 13,18,23,30,         Life in hours: 130,150,180,250,350   Prices in Rs. X Life in hours Y         8 130 64 16900 […]

MTH302 Business Mathematics & Statistics GDB Solution Fall 2012

“ROLE OF MATHEMATICS IN BUSINESS AND ITS APPLICATIONS USING LINEAR EQUATIONS AND BREAK EVEN ANALYSIS.” Solution:Mathematics is an important subject and knowledge of it enhances a person’s reasoning, problem-solving skills, and in general, the ability to think. Hence it is important for understanding almost every subject whether science and technology, medicine, the economy, or business […]

MTH302 Business Mathematics & Statistics Assignment 2 Solution Fall 2012

Question # 1   (Marks: 10) a) Consider 48 customers entered in a super store in a week. Find the Stem and Leaf Display for the following data: 23        20        31        22        42        25        20        24        28        33        31        21 23        37        25        27        40        21        22        20        20        20        23        31 32        18        19        22        27        22        26        22        23        […]