QUESTION 2 [20 MARKS] Information on three age groups and three salary bands in a mining...

QUESTION 2 [20 MARKS] Information on three age groups and three salary bands in a mining company is being analyzed. First, it is summarized into a contingency table before this analysis. The table, showing the age groups, the salary bands and the number of employees per each combination of salary band and age group is shown below. Age Group Salary Band Less than 40 year 40 to 60 years More than 60 years Less than P20, 000 35 40 10 P20, 000 – P40, 000 21 30 15 More than P40, 000 16 25 8 a. Produce a probability contingency table for the data including the totals. b. If an employee is randomly chosen, what is the probability that he/she is in the 40 to 60 years age group earning between P20, 000 and P40, 000? c. If an employee is randomly chosen, what is the probability that he/she is less than 40 years of age or earning more than P40, 000? d. Given that the employee earns less than P20, 000, what is the probability that he/she is aged above 60 years (give answer to 4 decimal places)? e. If an employee is randomly chosen, what is the probability that he/she is aged 60 years and less?

Expert Solution

Information on three age groups and three salary bands in a mining company is being analyzed. First, it is summarise into a contingency table before this analysis. The table, showing that age groups, the salary bands and number of employees for each combination of salary.....

=> Solution -:

Given data -

orchestra answered 1 year ago

Information on three age groups and three salary bands in a mining company is being analyzed....

Information on three age groups and three salary bands in a mining company is being analyzed. First, it is summarized into a contingency table before this analysis. The table, showing the age groups, the salary bands and the number of employees per each combination of salary band and age group is shown below. Age Group Salary Band Less than 40 year 40 to 60 Years More than 60 Years Less than P20,000 35 40 10 P20,000 - P40,000 21 30...

Question 3 (20 marks) Marketers are interested in reference groups that have the ability to encourage...

Question 3 Marketers are interested in reference groups that have the ability to encourage others to conform. a) Discuss the concept of conformity and use examples to illustrate b) Describe what an opinion leader is and discuss when marketers might use opinion leaders to encourage others to conform, use examples to illustrate.

Question 2 [20 Marks] You are provided with the following information. Conduct an ABC analysis, categorising...

Question 2 [20 Marks] You are provided with the following information. Conduct an ABC analysis, categorising each item of stock appropriately. (80% = A, 15% = B, 5%=C Item no. Unit cost (R) Annual Demand 101 5 48 000 102 11 2000 103 15 300 104 8 800 105 7 4800 106 16 1200 107 70 18000 108 4 300 109 9 5000 110 12 500

QUESTION 2 (20 Marks) REQUIRED Use the information provided below to prepare the Statement of Comprehensive...

QUESTION 2 REQUIRED Use the information provided below to prepare the Statement of Comprehensive Income for the year ended 29 February 2020. Use the following format as a guide: Statement of Comprehensive Income format Sales Cost of sales Gross profit Other operating income Gross operating income Operating expenses Operating profit Interest income Interest expense Net profit for the year vmc INFORMATION DURAVIT TRADERS PRE-ADJUSTMENT TRIAL BALANCE AS AT 29 FEBRUARY 2020 Debit (R) Credit (R) Balance Sheet accounts section Capital...

Question 2 NB it is a 20 marks question There exist a number of strategies that...

Question 2 NB it is a 20 marks question There exist a number of strategies that can be considered for implementation. (a) Identify four (4) issues in strategy implementation. (b) Create four (4) types of strategies using the SWOT Matrix in the matching stage of strategy formulation. (c) Describe any two (2) of the SWOT Matrix strategy types.

QUESTION 2 (20 Marks) REQUIRED Use the trial balance, adjustments and additional information given below to...

QUESTION 2 REQUIRED Use the trial balance, adjustments and additional information given below to prepare the Statement of Comprehensive Income of Groutville Traders for the year ended 28 February 2019. GROUTVILLE TRADERS PRE-ADJUSTMENT TRIAL BALANCE AS AT 28 FEBRUARY 2019 Debit (R) Credit (R) Balance sheet accounts section Capital 289 000 Drawings 89 000 Vehicles at cost 370 000 Equipment at cost 280 000 Accumulated depreciation on vehicles 160 000 Accumulated depreciation on equipment 100 000 Fixed deposit: Sim Bank...

Describe the age distribution for the three racial groups. Question is taken from Introduction to epidemiology...

Describe the age distribution for the three racial groups. Question is taken from Introduction to epidemiology (edition 7)

Question 3 [20 marks] Western Mining has debt outstanding of $300 million in market value, consisting...

Question 3 [20 marks] Western Mining has debt outstanding of $300 million in market value, consisting of 7% coupon bonds with a maturity of 10 years. The bonds pay semi-annual coupons with a face value of $1,000 and priced at $1,024.87 each. The company also has 2 million preference shares outstanding with a market price of $20 each, paying an annual dividend of $1.05. It has 14 million ordinary shares outstanding, priced at $21.00 a share. The company is expected...

Question One (20 Marks) Management of AG Travel and Tour has identified two groups of individuals...

Question One Management of AG Travel and Tour has identified two groups of individuals that would be interested in the vacation package consisting of room and board and/or entertainment. The maximum amount that group 1 is willing to pay for room and board is GHC 2500 and for entertainment is GHC 500. For group 2, the maximum amount they are willing to pay for room and board is GHC 1800 and for entertainment is GHC 750. Although AG Travel and...

Question 2( 20 marks) Provide brief information about the IMA(Institute Of Management Accountants) , its history...

Question 2( 20 marks) Provide brief information about the IMA(Institute Of Management Accountants) , its history , mission , vision , core values , conditions for membership …etc.( not more than 200 words) ( 10 marks) Identify the ethical principles& standardsthat should guide the work of a Management accountant. (Refer to the Statement of Ethical Professional Practice) ( 10 marks)

Question