Midterm+V1.pdf - OPMT 1130 Midterm v1 This exam is for FMGT...

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OPMT 1130 Midterm v1Pg. 1 of 10 BRITISH COLUMBIA INSTITUTE OF TECHNOLOGY OPMT 1130 Business Statistics Midterm March 6, 2018 Instructors: Myra Andrews and Judy Li Last Name First Set INSTRUCTIONS: Time available: 2 hours. There are 11 questions and 10 pages. Show all work in the space provided.Anyone who does not stop writing will be penalized 20 marks. You mayNOT leave during the last 10 minutes. **Include all units, dollar signs, and percent signs in your final answer. MARKS: (For instructors use only) Question Marks Obtained Question Marks Obtained 1 6 7 14 2 6 8 22 3 15 9 7 4 12 10 10 5 5 11 10 6 8 Total 115This exam is for FMGT studentsONLY
OPMT 1130 Midterm v1Pg. 2 of 10 1.Boxplots of the Business Math final grades for two FMGT sets are below. The whiskersare drawn with solid lines. (a)What is the median grade of Set 2? [1 mark] (b)The grades of the middle50% of students in Set 2 are between what two values? [2 marks]ANSWER: (c)Which set has the greater variation in grades? [1 mark] (d)For Set 1,is the shape skewed right,skewed left or symmetricalabout the mean? Explain [2] Circle the correct one: Skewed left Skewed Right Symmetrical about the mean Explain:2.Last year you bought 400 shares of RBC for $25 each and 500 shares of CIBC for $40 each. Today you sold all of your shares and overall you earned 8% on your investment. If you lost6% on the RBC shares, what rate of returndid you earn on the CIBC shares? [6 marks] ANSWER:
OPMT 1130 Midterm v1Pg. 3 of 10 3.A BCIT Financial Management graduate applied for an accounting job at two CPA firms: Axis Group and Beedie & Co. The graduate feels that she has a 30% chance of getting a job offer from Axis and a 45% chance of getting a job offer from Beedie. If she gets a job offer from Axis, she believes she has a 60% chance of getting a job offer from Beedie. (a)What is the probability that both CPA firms will offer her a job? [2 marks] ANSWER: (b)Set up a 2×2 probability table. [5 marks]
(c)What is the probability that at least oneCPA firm will offer her a job? [2 marks] ANSWER: (d)What is the probability that none of the CPA firms will offer her a job?

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