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12th Standard Business Maths Revision Model Question Paper With Answer Key

12th Standard

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Business Maths and Statistics

Time : 02:30:00 Hrs
Total Marks : 90

    PART-I

    Note : i) All Questions Are Compulsory.

              ii) Choose The Most Suitable Answer From The Given Four Correct Alternatives.

    20 x 1 = 20
  1. if T = \(_{ B }^{ A }\left( \begin{matrix} \overset { A }{ 0.4 } & \overset { B }{ 0.6 } \\ 0.2 & 0.8 \end{matrix} \right) \) is a transition probability matrix, then at equilibrium A is equal to ________.

    (a)

    \(\frac { 1 }{ 4 } \)

    (b)

    \(\frac { 1 }{ 5 } \)

    (c)

    \(\frac { 1 }{ 6 } \)

    (d)

    \(\frac { 1 }{ 8 } \)

  2. If the number of variables in a non-homogeneous system AX = B is n, then the system possesses a unique solution only when _______.

    (a)

    \(\rho (A)=\rho (A,B)>n\)

    (b)

    \(\rho(A)=\rho(A, B)=n\)

    (c)

    \(\rho (A)=\rho (A,B) < n\)

    (d)

    none of these

  3. \(\frac { { e }^{ x } }{ { e }^{ x }+1 } \) dx is _______.

    (a)

    log\(\left| \frac { { e }^{ x } }{ { e }^{ x }+1 } \right| +c\)

    (b)

    log\(\left| \frac { { e }^{ x }+1 }{ { e }^{ x } } \right| +c\)

    (c)

    log\(\left| { e }^{ x } \right| +c\)

    (d)

    log\(\left| { e }^{ x }+1 \right| +c\)

  4. If MR and MC denotes the marginal revenue and marginal cost functions, then the profit functions is ________.

    (a)

    P = ഽ(MR − MC) dx + k

    (b)

    P = ഽ(MR + MC) dx + k

    (c)

    P = ഽ(MR)(MC)dx + k

    (d)

    P = ഽ(R −C)dx + k

  5. The integrating factor of the differential equation \(\frac{dx}{dy}+Px=Q\) is ______.

    (a)

    eഽPdx

    (b)

    \(\int P d x\)

    (c)

    ഽPdy

    (d)

    eഽPdy

  6. Which of the following is the homogeneous differential equation?

    (a)

    (3x−5)dx = (4y−1)dy

    (b)

    xy dx−(x3+y3)dy = 0

    (c)

    y2dx+(x− xy  − y2)dy = 0

    (d)

    (x2+y)dx = (y2+x)dy

  7. A formula or equation used to represent the probability distribution of a continuous random variable is called ________.

    (a)

    probability distribution

    (b)

    distribution function

    (c)

    probability density function

    (d)

    mathematical expectation

  8. If Z is a standard normal variate, the proportion of items lying between Z = –0.5 and Z = –3.0 is ________.

    (a)

    0.4987

    (b)

    0.1915

    (c)

    0.3072

    (d)

    0.3098

  9. An estimate of a population parameter given by two numbers between which the parameter would be expected to lie is called an………..interval estimate of the parameter.

    (a)

    point estimate

    (b)

    interval estimation

    (c)

    standard error

    (d)

    confidence

  10. A typical control charts consists of ________.

    (a)

    CL, UCL

    (b)

    CL, LCL

    (c)

    CL, LCL, UCL

    (d)

    UCL, LCL

  11. If number of sources is not equal to number of destinations, the assignment problem is called______.

    (a)

    balanced

    (b)

    unsymmetric

    (c)

    symmetric

    (d)

    unbalanced

  12. \(\int { { 3 }^{ x+2 } } \) dx = ______________ +c

    (a)

    \(\frac { { 3 }^{ x } }{ log3 } \)

    (b)

    \(\frac { 9\left( { 3 }^{ x } \right) }{ log3 } \)

    (c)

    \(\frac { 3.{ 3 }^{ x } }{ log3 } \)

    (d)

    \(\frac { { 3 }^{ x } }{ 9log3 } \)

  13. Choose the odd one out

    (a)

    \(\int_{0}^{\infty} e^{-t} d t\)

    (b)

    \(\int_{0}^{\infty} e^{-t} d t\)

    (c)

    \(\int_{0}^{\infty} x^{n-1} e^{-x} d x\)

    (d)

    \( \int_{0}^{\infty} e^{-4 x} x^{4} d x\)

  14. The area bounded by the curve y = ex, the X-axis and the lines x = 0 and x = 2 is__________.

    (a)

    e2-1

    (b)

    e2+1

    (c)

    e2

    (d)

    e2-2

  15. The solution of the equation of the type \(\frac{d x}{d y}+P x=\mathbf{Q}\) (P and Q are function of y) is  _______________

    (a)

    \(\mathbf{y}=\int Q e^{\int p d x} d y+c\)

    (b)

    \(y e^{\int p d x}=\int Q e^{\int P d x} d x+c\)

    (c)

    \(x e^{\int_{P d} y}=\int Q e^{\int P d y} d y+c\)

    (d)

    \(x e^{\int p d y}=\int Q e^{\int P d x} d x+c\)

  16. The degree of the differential equation \(\left(\frac{d^{2} y}{d x^{3}}\right)^{3}+\left(\frac{d y}{d x}\right)^{2}+\sin \left(\frac{d y}{d x}\right)+1=0 \text { is }\)________________

    (a)

    3

    (b)

    2

    (c)

    1

    (d)

    not defined

  17.  The nationality of the mathematician Joseph Louis Laguange is _________

    (a)

    German

    (b)

    Spain

    (c)

    Italian

    (d)

    French

  18. If f(x) = kx(1-x), 0< x < 1 is a p.d.f. then the value of k is ________.

    (a)

    \(\frac{1}{5}\)

    (b)

    \(\frac{2}{5}\)

    (c)

    \(\frac{3}{5}\)

    (d)

    6

  19. If a random variable X has the following probability distribution
    \(\begin{array}{|c|c|c|c|c|} \hline x & -1 & -2 & 1 & 2 \\ \hline p(x) & 1 / 3 & 1 / 6 & 1 / 6 & 1 / 3 \\ \hline \end{array}\)Then the expected value of X-is _________

    (a)

    \(\frac{3}{2}\)

    (b)

    \(\frac{1}{6}\)

    (c)

    \(\frac{1}{2}\)

    (d)

    \(\frac{1}{3}\)

  20. The point estimate variance of 6.33, 6.37, 6.36, 6.32, 6.37 is

    (a)

    0.0022

    (b)

    0.00055

    (c)

    0.0055

    (d)

    0.055

  21. PART - II

    Note : Answer Any Seven Questions and Question.No:30 is Compulsory.

    7 x 2 = 14
  22. Find the rank of the matrix A =\(\left( \begin{matrix} 1 & -3 \\ 9 & 1 \end{matrix}\begin{matrix} 4 & 7 \\ 2 & 0 \end{matrix} \right) \)

  23. Integrate the following with respect to x.
    \(\frac { { e }^{ 2x } }{ { e }^{ 2x }-2 } \)

  24. Using Integration, find the area of the region bounded the line 2y + x = 8, the x axis and the lines x = 2, x = 4.

  25. Solve the following differential equations
    \(\frac{d^2 y}{dx^2}-2k\frac{dy}{dx}+k^2y = 0\)

  26. Evaluate Δ (log ax).

  27. Prove that, V(X+b) = V(X)

  28. Define critical value.

  29. Construct a forward difference table for \(\mathrm{y}=\mathrm{f}(x)=x^{2}+2 x+2 \text { for } x=1,2,3,4\)

  30. Find the probability distribution of X, the number of heads in 2 tosses of a coin

  31. The following data shows the value of sample mean (\(\bar{X}\)) and the range R for 10 samples of size 5 each. Calculate the control limits for : mean chart and range chart.

    Sample No. 1 2 3 4 5 6 7 8 9 10
    Mean \(\bar{X}\) 11.2 11.8 10.8 11.6 11.0 9.6 10.4 9.6 10.6 10.0
    Range 7 4 8 5 7 4 8 4 7 9

    (Given for n = 5, A2 = .577, D3 = 0, D4 = 2.115)

  32. PART - III

    Note : Answer Any Seven Questions and Question.No:40 is Compulsory.

    7 x 3 = 21
  33. Find the rank of the matrix \(\left( \begin{matrix} 0 & -1 & 5 \\ 2 & 4 & -6 \\ 1 & 1 & 5 \end{matrix} \right) \)

  34. Akash bats according to the following traits. If he makes a hit (S), there is a 25% chance that he will make a hit his next time at bat. If he fails to hit (F), there is a 35% chance that he will make a hit his next time at bat. Find the transition probability matrix for the data and determine Akash’s long- range batting average.

  35. Integrate the following with respect to x.
    x log x

  36. Evaluate the following integrals:
    \(\frac { dx }{ { { 2-3x-2x }^{ 2 } } } \)

  37. The marginal cost function MC = 2 + 5eFind AC.

  38. Given y= 2, y= −6, y= 8, y= 9 and y7 = 17 Calculate Δ4y3

  39. Two unbiased dice are thrown simultaneously and sum of the upturned faces considered as random variable. Construct a probability mass function.

  40. What is the probability of guessing correctly atleast six of the ten answers in a TRUE/FALSE objective test?

  41. Solve: \(\left(x^{2}-y x^{2}\right) d y+\left(y^{2}+x^{2} y^{2}\right) d x=0\)

  42. A random variable X has the folowing probability distribution 

    x 0 1 2 3 4 5 6 7 8
    p(x) a 3a 5a 7a 9a 11a 13a 15a 17a

    (i) Find a
    \(\text {(ii) } \mathrm{P}(x<3), \mathrm{P}(x>3) \text { and } \mathrm{P}(0<x<5)\)

  43. PART-IV

    Note : i ) Write all the following questions.


    7 x 5 = 35
    1. The total number of units produced (P) is a linear function of amount of over times in labour (in hours) (l), amount of additional machine time (m) and fixed finishing time (a)
      i.e, P = a + bl + cm
      From the data given below, find the values of constants a, b and c

      Day Production
      (in Units P)
      Labour
      (in Hrs l)
      Additional Machine
      Time (in Hrs m)
      Monday
      Tuesday
      Wednesday
      6,950
      6,725
      7,100
      40
      35
      40
      10
      9
      12

      Estimate the production when overtime in labour is 50 hrs and additional machine time is 15 hrs.

    2. Integrate the following with respect to x.
      \(e^{x}\left[\frac{x-1}{(x+1)^{3}}\right]\)

    1. The marginal cost of production of a firm is given by C'(x) = 20 + \(\frac { x }{ 20 } \) the marginal revenue is given by R'(x) = 30 and the fixed cost is Rs. 100. Find the profit function

    2. Solve x2ydx-(x3+y3)dy = 0

    1. Find the missing entries from the following

      x 0 1 2 3 4 5
      y = f(x) 0 - 8 15 - 35
    2. The marks obtained in a certain exam follow normal distribution with mean 45 and SD 10. If 1,300 students appeared at the examination, calculate the number of students scoring
      (i) less than 35 marks and
      (ii) more than 65 marks.

    1. Calculate the seasonal index for the quarterly production of a product using the method of simple averages.

      Year I Quarter   II Quarter   III Quarter   IV Quarter 
      2005 255 351 425 400
      2006 269 310 396 410
      2007 291 332 358 395
      2008 198 289 310 357
      2009 200 290 331 359
      2010 250 300 350 400
    2. Obtain an initial basic feasible solution to the following transportation problem using Vogel’s approximation method.

    1. A new transit system has just gone into operation in a city. Of those who use the transit system this year, 10% will switch over to using their own car next year and 90% will continue to use the transit system. Of those who use their cars this year, 80% will continue to use their cars next year and 20% will switch over to the transit system. Suppose the population of the city remains constant and that 50% of the commuters use the transit system and 50% of the commuters use their own car this year,
      (i) What percent of commuters will be using the transit system after one year?
      (ii) What percent of commuters will be using the transit system in the long run?

    2. The total cost of production y and the level of output x are related to the marginal cost of production by the equation (6x2 + 2y2) dx - (x2+ 4xy) dy = 0. What is the relation between total cost and output if y = 2, when x = 1

    1. A continuous random variable has the following p.d.f, \(f(x)= \begin{cases}k x^{2}, & 0 \leq x \leq 10 \\ 0, & \text { otherwise }\end{cases}\) find k and evaluate
      \((i)\ \mathrm{P}(0.2 \leq x \leq 0.5) \)
      (ii) \( \mathrm{P}(x \leq 3)\)

    2. A sample of 400 students is found to have a mean height of 171.38 cms. Can it reasonably be regarded as a sample from a large population with mean height of 171.17 cms and standard deviation of 3.3 cms (Test at 5% level)

    1. The followingdata relateto the life(inhours) of 10 samples of 6 electricbulbs each drawn at an intervalof one hour from a production process.Draw the controlchart for \(\overline { X } \) and \(\overline { R } \) and comment.

      Sample No Lifetime (inhour)
        1 2 3 4 5 6
      1 620 687 666 689 738 686
      2 501 585 524 585 653 668
      3 673 701 686 567 619 660
      4 646 626 572 628 631 743
      5 494 984 659 643 660 640
      6 634 755 625 582 683 555
      7 619 710 664 693 770 534
      8 630 723 614 535 550 570
      9 482 791 533 612 497 499
      10 706 524 626 503 661 754

      (For n = 6,A2= 0.483,D3 = 0,D4 = 2.004)

    2. Solve the transportation problem using
      (i) North west corner Rule
      (ii) Least cost method
      (iii) Vogel Approximation method

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