Assessment Task – Tutorial Questions Assignment 1
Unit Code: HA1011
Unit Name: Applied Quantitative Methods
Assignment: Tutorial Questions Assessment 1
Purpose: This assignment is designed to assess your level of knowledge of the key topics covered in this unit
Unit Learning Outcomes Assessed:
Description: Each week students were provided with three tutorial questions of varying degrees of difficulty. These tutorial questions are available in the Tutorial Folder for each week on Blackboard. The Interactive Tutorials are designed to assist students with the process, skills and knowledge to answer the provided tutorial questions. Your task is to answer a selection of tutorial questions for weeks 1 to 5 inclusive and submit these answers in a single document.
The questions to be answered are;
Week 1 Question (10 marks)
Based on the following table, calculate the three (3) measures of central locations and briefly discuss what each statistic tells you.
Refer to the table below. Consider the relationship between the number of houses sold (Y) and the mortgage rate (X). The values of X and Y for twelve (12) months are shown in the table below.
Based on that,
Week 3 Question (10 marks)
In seeking to determine how influential advertising is, the management of a recently established retail chain collected data on sales revenue and advertising expenditure from its’ stores over the last ten
(10) weeks. The table below shows the data collected:
|Advertising Expenditure ($ 000)|
|Sales ($ 000)||50||250||700||450||75||150||200||750||800||1,100|
Week 4 Question (10 marks)
A retail shop manager analyzed the relationship between sales and the method of payments. Based on his analysis, he has produced the following joint probability table, as shown below:
|Size of purchase||Method of payment|
|Cash||Credit card||Debit Card|
Explain your answer.(4 marks)
Week 5 Question (10 marks)
Given the following probabilities, calculate all the joint probabilities. P(A) =0.9
P(B/A) =0.4 P (B/ Ā) =0.7
A coin is flipped three (3) times. Use a probability tree to find the probability of observing:
The assignment has to be submitted via Blackboard. Each student will be permitted one submission to Blackboard only. Each student needs to ensure that the document submitted is the correct one.
Academic honesty is highly valued at Holmes Institute. Students must always submit work that represents their original words or ideas. If any words or ideas used in a class posting or assignment submission do not represent the student’s original words or ideas, the student must cite all relevant sources and make clear the extent to which such sources were used. Written assignments that include material similar to course reading materials or other sources should include a citation including source, author, and page number.
In addition, written assignments that are similar or identical to those of another student in the class is also a violation of the Holmes Institute’s Academic Conduct and Integrity Policy. The consequence for a violation of this policy can incur a range of penalties varying from a 50% penalty through to suspension of enrolment. The penalty would be dependent on the extent of academic misconduct and the student’s history of academic misconduct issues. All assessments will be automatically submitted to Safe-Assign to assess their originality.
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