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Bpm 224: Mathematics For Project Managers Ii Question Paper

Bpm 224: Mathematics For Project Managers Ii

Course:Bachelor Of Science In Project Planning And Management

Institution: Moi University question papers

Exam Year:2016

a) state any four reasons that the fisher''s ideal be called "ideal index"? (4mrks)
d)state any three functions of consumer price indices (3mrks)
(c)In a certain manufacturing process, ten percent of the tools produced turn out to be defective. Find the probability that in a sample of 10 tools chosen at random, exactly two will be defective.
(d)Suppose on average 1 house in 1000 in a certain district has a fire during a year. If there are 2000 such houses in that district, what is the probability that exactly 5 houses will have a fire during the year?
(e)Based on information on 1000 randomly selected fields about the tenancy status of the cultivation of these fields and use of fertilizers, collected in an aggro-economic survey, the following classification was noted.
Owned Rented Total
Using fertilizers 416 184 600
Not using fertilizers 64 336 400
Total 480 520 1000
would you conclude that owner cultivators are more inclined towards the use of fertilizers at 5% significance level?(X2 0.005=3.84)

Bpm 224: Mathematics For Project Managers Ii Question Paper

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