Wednesday, May 12, 2010

MTH302 Business Mathematics & Statistics Assignment 2

2:42 PM | Posted by Xpert |
Due date: 17-05-10

DON’T MISS THESE Important instructions:
• Upload assignments properly through LMS, (No Assignment will be accepted through email).
• All students are directed to use the font and style of text as is used in this document.
• This is an individual assignment, not group assignment, so keep in mind that you are supposed to submit your own, self made & different assignment even if you discuss the questions with your class fellows. All similar assignments (even with some meaningless modifications) will be awarded zero marks and no excuse will be accepted. This is your responsibility to keep your assignment safe from others. Many solution files sent by students in assignment 1 are found to be copied and so awarded zero. You are therefore reminding here again.
• Above all instructions are for all assignments so may not be mentioned in future.
• Question # 2, 3, 4, 5, 6 and 7 doesn’t have any marks, it is for your pre-assessment, solve it, see its solution (when uploaded) but you need not include these questions in solution file.


Question 1: Marks 08

A flying company offers trips in Europe. The company flies three kinds of airplanes: the Boeing 757, the Boeing 767, and the Boeing 777. Each plane is outfitted with tourist, economy, and first-class seats. In Boeing 757, there are 50 tourist, 30 economy, and 32 first class seats. . In Boeing 767, there are 75 tourist, 45 economy, and 50 first class seats.
In Boeing 777, there are 40 tourist, 25 economy, and 30 first class seats.
The number of reservations for its January flight to Germany, 305 reservations for tourist class, 185 Economy class, and 206 first class.
To fill all the seats how many of each kind of plane should the company fly?


Question: 2 Marks 0

Why the inverse of following matrix is not possible





























Question 4: Marks 0


Discuss the importance of determinant of a matrix in evaluation of its inverse. Also state at least two properties of determinants which help in their evaluation.

Question 5: Marks 0

Find amount of markup and selling price on an item that costs Rs. 2400 if there is a 40% markup on cost.


Question 6: Marks 0


An item sells for Rs. 3200. If the markup on the cost is 48%, find the cost and the amount of the markup.


Question 7: Marks 0

Find the single discount rate that is equivalent to the series discount of 5%, 7% and 11%.


Question 8: Marks 05

An item that cost Rs. 2300 was marked up 38 % of the selling price. After some time the item is markdown 30 %. Calculate the sale price after markdown.
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