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FACULTY OF MEDIA, INFORMATION & COMMUNICATION TECHNOLOGY

QUANTITATIVE TECHNIQUES Due Date: Chapters Covered: 06 MAY 2013 Introduction to Statistics Univariate Data Bivariate Data Introduction to Probability Normal Distribution Sampling Distribution Estimation Probability Distributions Chi-Square Test Confidence Intervals The Logic of Hypothesis Testing 100 DP-QT201

Maximum Marks: Unique Assignment Number: Background:

This assignment is based on all the content to be covered in the first semester. Naturally all material provided or prescribed will be used. Purpose: The purpose of the assignment is to: a. Ensure that you come to thorough grip with content, in particular of the provided or prescribed material and b. Gain an in depth understanding of the core concepts and the significance of the theories discussed in the module.

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PC TRAINING & BUSINESS COLLEGE HIGHER EDUCATION AND TRAINING FACULTY OF MEDIA, INFORMATION AND COMMUNICATION TECHNOLOGY DIPLOMA IN INFORMATION TECHNOLOGY ASSIGNMENT COVER SHEET: QUANTITATIVE TECHNIQUES

Name of Learner…………………………………………………….… Student No: ………………………….. Module…………………………………………………………………..… Date: …………………………………….. ICAS Number……………………………………………………………. Year: …………………………………….. ASSESSMENT CRITERIA

Question Number 1 2 3 4 Total Examiner’s Comments

Mark Allocation 15 38 20 27 100

Examiner’s Mark

Moderator’s Marks

Moderator’s Comments

NB: All Assignments will be handled in as it forms part of continuous assessment that goes towards the final mark.

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QUESTION ONE [15 MARKS] 1.1 The prices of selected items for 1980 and 2001 follow. Production figures for the two periods are also provided. Item Alloy (cents per kg) Nitrogen gas (per 100 litre) Petroleum (barrel) Plastic (per kg) 1.1.1 1.1.2 1.1.3 Price 1980 0.287 0.17 3.18 133.00 2001 0.76 2.50 26.00 490.00 1980 1000 5000 60000 500 Quantity 2001 1200 4000 60000 600 (4) (6) (5)

Compute a simple price index for each item, using 1980 as the base...
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