Westminster International College Module Title: Quantitative and Statistical Methods Programme: BABS Semester: Two Academic Year

Period: February 2014 May 2014 Lecturer: Dr o!al Date of Completion and Submission: 1" A!ril 2014 Submission Method: #nline via turnitin Assessment T pe: An individual !resentation and ty!e$written assi%n&ent Assignment !uestion: !uestion " The 'ollowin% data are the ti&e in seconds ta(en by 40 technicians to co&!lete a !articular tas() 11 12 12 1* 1+ 1+ 1+ 1" 1, 20 21 21 21 22 22 22 2* 24 2" 2, 2, 2, 2- 2. 2. *0 *1 *2 *4 *+ *, 41 41 42 4+ 4, +0 +2 +* +" a) Draw the ste& !lot b) Find &edian/ Q1 and Q* c) Draw the bo0 !lot d) Find the &ean and standard deviation 'or the scores e) Discuss the li&itation o' usin% ste& !lots and bo0 !lots) 1200 words2 1+ &ar(s each 0 + 32+ &ar(s2 !uestion # A co&!any is considerin% investin% in a !ro4ect) 5t has two o!tions 16ro4ect A and B2) 7ou have been called to reco&&end the better o' the two o!tions) The in'or&ation below is available 'or your analysis) Pro$ect A 5nitial invest&ent 3 82+/000 9ost o' ca!ital 3 14: ;0!ected net cash 'lows 'or +years<
Year 1 2 * 4 +

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&et cash flo'

1/,-0

2/,+0

*/200

4/+,0

-/"00

Pro$ect ( 5nitial 5nvest&ent

84+/000 9ost o' ca!ital 3 -: ;0!ected net cash 'lows 'or +years Year &et Cashflo' 1 1-/,00 2 1./+12 * 21/.00 4 22/.,+ 2*/-*-

1a2 1b2

=sin% >6? analysis/ select the better invest&ent) 110 &ar(s2 @hat are the other 'actors that need to be considered in your 'inal decisionA 11+ &ar(s2 1+00 words2

!uestion ) The de&and 'or house and distance 'ro& the house are shown below where 187 B0002 and 1C in (&2 'or the last twelve &onths<
C< 1" 7< 2. ")4 4 ")+ , 1" *+ 12), 212)+ 2* .)* 1" ")* 10)+ 21 . 14 .)12 12 2"

7ou are reDuired to< a2 !lot a scatter dia%ra& o' 7 a%ainst C) b2 'ind the least sDuares re%ression eDuation and !lot the line on the dia%ra&) 110 &ar(s2 c2 discuss the li(ely reliability in usin% re%ression in !rediction) 110 &ar(s2

1+ &ar(s2

1*00 words2 !uestion * A sa&!le o' &e&bers o' a social club had their a%es recorded in years 1a%e &easured to the nearest year2) The table below su&&ariEes these data<
Age (Years) 18 24 25 31 32 38 39 45 46 52 53 59 60 73 Frequency 20 35 25 18 12 7 3

1a2

9alculate 1i2 &ean 1ii2 &edian 1iii2 variance and standard deviation 1iv2 &ode Discuss the relevance o' these &easures in !ractice

1* &ar(s2 1* &ar(s2 1" &ar(s2 14 &ar(s2 1. &ar(s2 1-00 words2

1b2

Total word count: 2000 words 6a%e # o' %

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ + FormatThe written assignment should be presented in the format of a report-See sample on the portal. Marking Scheme: Question 1 Question 2 Question 3 Question 4 2+: 2+: 2+: 2+:

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Description of Assessment ,e-uirements uidelines: 1. !ll assignments must be word processed " handwritten assignments will attract an automatic #!$% grade.

2. The coursewor& must be presented in form of a report, '(T an essa).

3. !ll research must be referenced and a bibliograph) attached. $mproper or lac& of either of these constitutes plagiarism and students will be awarded a *ero. 4. Students found cop)ing from other students will also be charged with collusion and awarded a *ero. +. The application of theor) to practise will be gi,en good mar&s.

-. ! table of content is re.uired for this assignment /automatic table of content0 1. !ssignment should be t)ped using e.uation editor tool in 2S3ord 4. The line spacing is 1.+ and font si5e is 12 whilst headings should suit the format of the format of the table of content. #ont st)le should be Times 'ew 6oman7 8alibri7 8ambria7 !rial or 9oo& !nti.ua. :. 8alculate to three ;3< decimal places. 10) The assignment deadline is 1"th A!ril 201* ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ 6a%e ) o' %

Module Learning .utcomes to be Assessed:+

;0!lain accountin% conventions and conce!ts/ and the uses o' accountin% in'or&ation and its li&itationsF ;0!lain the ty!es o' 'inancial transaction to%ether with the relationshi! o' the boo(s o' ori%inal entry and led%ers< 6re!are T$accounts 'ro& a list o' 'inancial transactions) 6re!are the 'inancial state&ents 'ro& a trial balance at the end o' a 'inancial !eriodF ;0!lain and a!!ly ad4ust&ents to the accountsF ;0!lain and a!!ly &ethods o' de!reciationF ;0!lain the various ty!es o' &ulti!le ownershi! and the accountin% conventions 'or each) 9alculate standard accountin% ratios derived 'ro& the 'inal accounts and evaluate 'inancial as!ects o' business !er'or&ance) 6re!are a si&!le cash bud%et) 9alculate the brea($even !oint o' !roduction)

&otes on Plagiarism / 0ar1ard ,eferencing: Plagiarism 6la%iaris& is !assin% o'' the wor( o' others as your own) This constitutes acade&ic the't and is a serious &atter which is !enalised in assi%n&ent &ar(in%) 6la%iaris& is the sub&ission o' an ite& o' assess&ent containin% ele&ents o' wor( !roduced by another !erson1s2 in such a way that it could be assu&ed to be the studentGs own wor() ;0a&!les o' !la%iaris& are<

the verbati& co!yin% o' another !ersonGs wor( without ac(nowled%e&ent the close !ara!hrasin% o' another !ersonGs wor( by si&!ly chan%in% a 'ew words or alterin% the order o' !resentation without ac(nowled%e&ent the unac(nowled%ed Duotation o' !hrases 'ro& another !ersonGs wor( andHor the !resentation o' another !ersonGs idea1s2 as oneGs own)

9o!yin% or close !ara!hrasin% with occasional ac(nowled%e&ent o' the source &ay also be dee&ed to be !la%iaris& i' the absence o' Duotation &ar(s i&!lies that the !hraseolo%y is the studentGs own) 6la%iarised wor( &ay belon% to another student or be 'ro& a !ublished source such as a boo(/ re!ort/ 4ournal or &aterial available on the internet)

0ar1ard ,eferencing The structure o' a citation under the Iarvard re'erencin% syste& is the authorJs surna&e/ year o' !ublication/ and !a%e nu&ber or ran%e/ in !arentheses/ as illustrated in the S&ith e0a&!le near the to! o' this article)

The !a%e nu&ber or !a%e ran%e is o&itted i' the entire wor( is cited) The authorJs surna&e is o&itted i' it a!!ears in the te0t) Thus we &ay say< KLones 120012 revolutioniEed the 'ield o' trau&a sur%ery)K Two or three authors are cited usin% KandK or KMK< 1Deane/ S&ith/ and Lones/ 1..12 or 1Deane/ S&ith M Lones/ 1..12) More than three authors are cited usin% et al. 1Deane et al) 1..22) An un(nown date is cited as no date 1Deane n)d)2) A re'erence to a re!rint is cited with the ori%inal !ublication date in sDuare brac(ets 1Mar0 N1-",O 1.",/ !) .02)

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5' an author !ublished two boo(s in 200+/ the year o' the 'irst 1in the al!habetic order o' the re'erences2 is cited and re'erenced as 200+a/ the second as 200+b) A citation is !laced wherever a!!ro!riate in or a'ter the sentence) 5' it is at the end o' a sentence/ it is !laced be'ore the !eriod/ but a citation 'or an entire bloc( Duote i&&ediately follows the !eriod at the end o' the bloc( since the citation is not an actual !art o' the Duotation itsel') 9o&!lete citations are !rovided in al!habetical order in a section 'ollowin% the te0t/ usually desi%nated as K@or(s citedK or KPe'erences)K The di''erence between a Kwor(s citedK or Kre'erencesK list and a biblio%ra!hy is that a biblio%ra!hy &ay include wor(s not directly cited in the te0t) All citations are in the sa&e 'ont as the &ain te0t)

23amples ;0a&!les o' boo( re'erences are<

S&ith/ L) 1200+a2) =utch 8iting >ractices) The Ia%ue< Iolland Pesearch Foundation) S&ith/ L) 1200+b2) ?ar,ard 6eferencing) Qondon< Lolly ood 6ublishin%)

5n %ivin% the city o' !ublication/ an internationally well$(nown city 1such as Qondon/ The Ia%ue/ or >ew 7or(2 is re'erenced as the city alone) 5' the city is not internationally well (nown/ the country 1or state and country i' in the =)S)2 are %iven) An e0a&!le o' a 4ournal re'erence<

S&ith/ Lohn Maynard) KThe ori%in o' altruis&/K 'ature *.*/ 1..-/ !!) "*.40)

An e0a&!le o' a news!a!er re'erence<

Bowcott/ #wen) KStreet 6rotestR/ The uardian/ #ctober 1-/ 200+/ accessed February ,/ 200")

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