Acma

INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF PAKISTAN Spring (Summer) 2010 Examinations
Tuesday, the 25th whitethorn 2010
BUSINESS MATHEMATICS & STATISTICS - (S-203) STAGE 2

Time Allowed 2 Hours 45 Minutes
(i) (ii) (iii) (iv) (v) (vi) (vii) Attempt ALL questions. Answers must be neat, relevant and brief.

maximal Marks 80

In marking the question paper, the examiners take into banknote clarity of exposition, logic of arguments, effective presentation, language and use of sack up diagram / chart, where appropriate. Read the instructions printed inside the top clear up of dress script CAREFULLY before attempting the paper. Use of non-programmable scientific calculators of any model is allowed. DO NOT write your Name, Reg. no or Roll No. anywhere inside the answer script. Question No.1 Multiple Choice Question printed sepa appraisely, is an integral percent of this question paper.

SECTION A
Q.2 (a) There is a unidimensional relationship between the market legal injury of a particular commodity and the number of units, suppliers of the commodity are willing to lift to the market place. Two samples observations indicate that when the price equals Rs.150 per unit, the weekly write out equals 30,000 units, and when the price equals Rs.200 per unit, the supply equals 50,000 units.



(i) If price per unit p, is plan on the horizontal axis and the quantity supplied q is plotted on the vertical axis, determine the lean-intercept puzzle out of the equation of the line (in the form of p and q) which passes through these two points. (ii) Interpret the meaning of slope in this application. (iii) Predict the weekly supply if the market price is Rs.250. (b) An individual invests Rs.50,000 in a money market ancestry which is expected to yield interest at a rate of 12 percent per year compounded quarterly. If the interest prevail stable to what amount should Rs.50,000 grow over the next 5 years? How much interest should be earned during this achievement? Find the inverse of the following matrix:...If you want to start up a full essay, order it on our website: Orderessay



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