Math124-Quantitative Techniques for Business Directions: Solve the following problems completely. 1. Activity A B C D E F G H I a. b. c. d.

Immediate predecessor/s --A A, B C C, D E, F G G, H Time (days) a m b 3 6 9 5 8 11 7 10 13 10 11 12 4 6 8 8 10 18 8 12 16 11 13 15 16 18 20

Construct the project network. Determine the critical path and the project duration. Compute the variance and the standard deviation for the project. What is the probability that the project will be completed in less than 58 days, assuming normality and path independence?

2. Activity A B C D E F G H Immediate Predecessor -A A, B C B, D E F E, G t 4 5 8 10 5 4 7 8 Normal Cost P500 P600 P1500 P2500 P400 P450 P990 P1650 Crash Duration 2 3 5 6 2 3 4 5 Crash Cost P800 P1000 P2850 P3500 P700 P550 P1200 P1950

a. Determine the critical path and path duration. b. Determine the shortest possible project completion and the corresponding cost.

Prepared by: Dr. Romell A. Ramos

STATISTICS Directions: Choose only the letter of the correct answer. Show your solution. 1. The number of customers of a servicing center is normally distributed with a mean of P74 and a standard deviation of 8. What percentage of the customers IS between 50 and 98? A. 99.99% B. 99.7% C. 68% D. 95% 2. A bag contains 6 red marbles, 3 blue marbles and 5 green marbles. If a marble is randomly selected from the bag, what is the probability that it is blue? 1 1 1 3 A. B. C. D. 11 3 5 14 3. A spinner has equal regions numbered 1 through 15. What is the probability that the spinner will stop on an even number or multiple of 3? 2 1 7 A. B. 12 C. D. 3 3 9 4. How many 3-digit numbers can be formed using digits 1, 2, 3, 4, 5, 6, 7 if repetition is not allowed? A. 343 B. 5 C. 6 D. 210 5. Twelve wrestlers compete with each other. If each wrestlers wrestles one match with other wrestlers, what are the total number of matches? A. 66 B. 156 C. 132 D. 78 6. Determine the area under the normal curve:

A. 0.8485

B. 0.8708

C. 0.8907

D. 0.1292

7. Determine the area under the normal curve:

A. 0.9699

B. 0.0301

C. 0.9398

D.0.0602

8. What is the probability that z lies between -0.55 and 0.55.

A. -0.4176

B. -0.9000

C. 0.4176

D. 0.9000

9. Find the IQ score separating the top 14% of the distribution from the others if the mean of the group is 100 and a standard deviation of 15. A. 83.7 B. 104.7 C. 99.8 D. 116.2 10. The lengths of human pregnancies is normally distributed with a mean of 268 days and a standard deviation of 15 days. What is the probability that a pregnancy lasts at least 300 days? A. 0.0179 B. 0.9834 C. 0.0166 D. 0.4834 11. If 45 egg samples have a mean of 1.50 oz and a standard deviation of 0.20 oz, what is the corresponding standard error? A. 0.06 oz B. 0.44 oz C. 0.05 oz D. 0.01 oz 12. Construct the 98% confidence interval if the mean is 46.1, standard deviation is 5.7 from a sample of 76 A. 44.4 < < 47.8 B. 45.0 < < 47.2 C. 44.8 < < 47.4 D. 44.6 < < 47.6 13. If 48 packages are randomly selected from parcel services and the mean weight is 10.1 pounds and standard deviation of 2.9 pounds. What is the 95% confidence interval for the true mean weight? A. 93.1 < < 11.1 B. 9.0 < < 11.2 C. 9.3 < < 10.9 D. 9.4 < < 10.8 14. When we find a 99% confidence interval for the mean of the population we know that A. There is a 99% chance that the sample mean is in the interval we find. B. There is a 99% chance that the population mean is in the interval we find. C. 99% of the time we find such a confidence interval, the sample mean is in the interval. D. 99% of the time we find such a confidence interval, the population mean is in the interval. 15. Compute the z-score of 54 from a group with a mean of 60 and standard deviation of 7. A. 0.8571 B. 0.8571 C. 0.5871 D. 0.5871 Directions: Solve the following problems completely. 1. How many numbers between 200 and 500 can be formed by using digits 0, 1, 2, 3, 4, 5 if each digit must not be repeated in any number? 2. How many different signals can be formed consisting of 6 flags from 4 identical red flags and 2 identical blue flags? 3. In how many ways can 9 books be arranged such that 4 books are always together? 4. How many different arrangements can be formed from the letters of the word MISSISSIPPI? 5. In how many ways can a committee of 7 members be selected from 9 male students and 8 female students if each committee must have 4 male students and 3 female students?

Prepared by:

Dr. Romell A. Ramos