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Published on: 31/08/2020
12th Standard Business Maths English Medium Sample 2 Mark Creative Questions (New Syllabus) 2020
Download Tamil Nadu 12th Standard Business Maths and Statistics question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Business Maths and Statistics Test

1.
Construct the cost of living index for 2003 on the basis of 2000 from the following data using family budget method.
| Item | Price(Rs.) | Weights | |
| Food | 2000 | 2003 | 30 |
| Rent | 200 | 280 | 30 |
| Clothing | 150 | 120 | 20 |
| Fuel & lighting | 50 | 100 | 10 |
| Miscellaneous | 100 | 200 | 20 |
2.
A sample of 400 students is found to have mean height of 171.38 cms, Can it reasonable 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)
3.
If the mean of the binomial distribution is 20 and standard deviation is 4, then find the number of events.
4.
A continuous random variable. X has the p.d.f. defined by \(f(x)=\left\{\begin{array}{l} C e^{-a x}, \quad 0<x<\infty \\ 0, \quad \text { elsewhere } \end{array}\right.\) Find the value of C if a> 0
5.
Two eggs are drawn at random without replacement from a bag containing two bad eggs and eight good eggs. Find the probability of getting two bad eggs?
6.
For the given pay-off matrix, find the optimal decision under the minimax principle.
7.
If f'(x) = 8x3 -2x2, f(2) = 1, find f(x)
8.
Solve: x dy +y dx = 0
9.
When h = 1, find Δ (x3).
10.
The marginal cost at a production level of x units is given by C '(x) = 85 +\(\frac{375}{x^2}\). Find the cost of producing 10 in elemental units after 15 units have been produced?
11.
Solve: x + 2y = 3 and 2x + 4y = 6 using rank method.
1.
| Items | p0 | p1 | Weights V | \(P=\frac{p_1}{p_0}\times100\) | PV |
| Food | 200 | 280 | 30 | 140 | 4200 |
| Rent | 100 | 200 | 20 | 200 | 4000 |
| Clothing | 150 | 120 | 20 | 80 | 1600 |
| Fuel & Lighting | 50 | 100 | 10 | 200 | 2000 |
| Miscellaneous | 100 | 200 | 20 | 200 | 4000 |
| 100 | 15800 |
Cost of living index (C.L.I) = \(\frac{\Sigma PV}{\Sigma V}\)
= \(\frac{15800}{100}\) = 158
Hence, there is 58% increase in cost of living in 2003 compared to 2000.
2.
Given sample size n = 400
Sample mean \(\bar { x } \) = 171.38
Population mean μ = 171.17
Population Standard deviation σ = 3.3
Null hypotheses: H0 : μ = 171.17
Alternative hypotheses: H1 : μ ≠ 171.17
The test statistic, z = \(\frac { \bar { x } -\mu }{ \frac { \sigma }{ \sqrt { n } } } =\frac { 171.38-171.17 }{ \frac { 3.3 }{ \sqrt { 400 } } } \)
=\(\frac { 0.21 }{ 0.165 } \) = 1.273
As the level of significance is α = 0.005, \(Z_{ \frac { \alpha }{ 2 } }\) = 1.96
Here z < \(Z_{ \frac { \alpha }{ 2 } }\) as 1.273 < 1.96
Inference: since z < \(Z_{ \frac { \alpha }{ 2 } }\), we accept the null hypotheses at 5% level of significance.
Hence, we can conclude that the sample of 400 has taken from the population with mean height of 171.17 cm.
3.
Given mean 20 ⇒ np = 20
S.D = 4 ⇒ \(\sqrt { npq } \) = 4
∴ \(\frac { npq }{ np } =\frac { 16 }{ 20 } \Rightarrow q=\frac { 4 }{ 5 } \)
P = 1-q =\(1-\frac { 4 }{ 5 } =\frac { 1 }{ 5 } \)
Substitutingp and q in npq = 16, we get
\(n\times \frac { 1 }{ 5 } \times \frac { 4 }{ 5 } \) =16
n = \(\frac { 16\times 5\times 5 }{ 4 } \) = 100
∴ Number of events = 100
4.
Since f(x) is a probability density function,
\(\int _{ -\infty }^{ \infty }{ f(x)dx=1 } \)
\(\Rightarrow \int _{ 0 }^{ \infty }{ { ce }^{ -ax }dx=1 } \Rightarrow C\int _{ 0 }^{ \infty }{ { e }^{ -ax }dx=1 } \)
\(\Rightarrow c{ \left[ \frac { { e }^{ -ax } }{ -a } \right] }_{ 0 }^{ \infty }=1\Rightarrow \frac { -c }{ a } [{ e }^{ -\infty }-{ e }^{ 0 }]\)
\(\Rightarrow \frac { -c }{ a } [0-1]=1\quad [\because { e }^{ -\infty }=0,{ e }^{ 0 }=1]\)
\(\Rightarrow \frac { c }{ a } =1\Rightarrow C=a\quad \therefore C=a\)
5.
A bag contains 2 bad eggs and 8 good eggs
∴ Total number of eggs = 10
We are going to select 3 eggs, out of that 2 must be bad eggs.
∴ Required probability \(=\frac { { 2C }_{ 2 }\times { 8C }_{ 1 } }{ 10{ C }_{ 3 } } =\frac { 1\times 8 }{ \frac { 10\times 9\times 8 }{ 3\times 2\times 1 } } \)
\(=\frac { 1\times 8\times 3\times 2\times 1 }{ 10\times 9\times 8 } =\frac { 1 }{ 15 } \)
∴ Probability of getting two bad eggs = \(\frac{1}{15}.\)
6.
| Alternative | Economy | Maximum | ||
| Growing | Stable | Declining | ||
| Bonds | 40 | 45 | 5 | 45 |
| Stocks | 70 | 30 | -13 | 70 |
| Mutual Funds | 53 | 45 | -5 | 53 |
Min (45, 70, 53) = 45
∴ Choosing Bonds is the best decision under minimax principle.
7.
Given f'(x) = 8x3 -2x2
∴ ∫ f'(x) dx = ∫ (8x3 - 2x2) dx
⇒ f(x) = \(\frac { { 8x }^{ 4 } }{ 4 } -\frac { { { 2x }^{ 3 } } }{ 3 } +c\)
⇒ f (x) = 2x4 - \(\frac { { { 2x }^{ 3 } } }{ 3 } +c\) ...(1)
Also, f(2) = 1
⇒ 1 = 2(24) - \(\frac { { 2\left( { { 2 }^{ 3 } } \right) } }{ 3 } +c\)
⇒ 1 = 32 - \(\frac { { 16 } }{ 3 } +c\)
⇒ 1 - 32 + \(\frac { { 16 } }{ 3 } \) = c ⇒ -31 + \(\frac { { 16 } }{ 3 } \) =c
⇒ \(\frac { { -93+16 } }{ 3 } =c\)
⇒ c = \(\frac { { -77 } }{ 3 } \)
∴ (1) ⟶ f(x) = 2x4 - \(\frac { { 2x }^{ 3 } }{ 3 } -\frac { { -77 } }{ 3 } \)
8.
x dy = -y dx
Separating the variables we get
\(\frac { dy }{ y } =-\frac { dx }{ x } \)
Integrating, \(\int { \frac { dy }{ y } } =-\int { \frac { dx }{ x } } \)
⇒ log y = -log x + log C
⇒ log y = log\(\left( \frac { C }{ x } \right) \Rightarrow y=\frac { C }{ x } \) ⇒ xy = C.
9.
We know Δ (f(x)) = f(x + h) -f(x)
Since h = 1, ∆ (f)) = f(x + 1) - f(x)
[∵ (x + 1)3 = x3 + 3x2 + 3x + 1]
⇒ Δ (x3) = (x + 1)3 - x3
⇒ Δ (x3) = 3x2 + 3x + 1
10.
Given C'(x) = 85 + \(\frac{375}{x^2}\).
We know C(x) ഽC'(x) + k
The cost of producing 10 incremental units after 15 units have been produced
\(C'(x)=85+\frac { 375 }{ { x }^{ 2 } } \)
\(C(x)=\int { C'(x) } dx\)
\(\int _{ 15 }^{ 25 }{ C'(x) } dx\)
\(\int _{ 15 }^{ 25 }{ \left( 85+\frac { 375 }{ { x }^{ 2 } } \right) } dx\)
\({ \left[ 85+\frac { 375 }{ { x } } \right] }_{ 15 }^{ 25 }\)
\(\left( 85(25)-\frac { 375 }{ 25 } \right) -\left( 85(15)-\frac { 375 }{ 15 } \right) \)
= (2125 - 15) - (1275 - 25)
= 2110 - 1250 = Rs. 860
11.
The non-homogeneous equations are
x + 2y = 3, 2x + 4y = 6
| Augmented matrix [A, b] | Elementary Transformation |
| \(\left( \begin{matrix} 1 & 2 & 3 \\ 2 & 4 & 6 \end{matrix} \right) \) | |
| \(-\left( \begin{matrix} 1 & 2 & 3 \\ 0 & 0 & 0 \end{matrix} \right) \) | \({ R }_{ 2 }\rightarrow { R }_{ 2 }-2{ R }_{ 1 }\) |
Here \(\rho (A)=1\) and \(\rho \left( \left[ A,B \right] \right) =1\)
Since \(\rho (A)=\rho \left[ \left( A,B \right) \right] =1<\) Number of unknowns, the given system is consistent with infinitely many solutions.
To find the solution, let us rewrite the above echelon form into the matrix form, we get
\(\left( \begin{matrix} 1 & 2 \\ 0 & 0 \end{matrix} \right) \left( \begin{matrix} x \\ y \end{matrix} \right) =\left( \begin{matrix} 3 \\ 0 \end{matrix} \right) \)
\(\Rightarrow x+2y=3\)
let \(y=k,k\varepsilon R\)
\((1)\Rightarrow x+2k=3\Rightarrow x=3-2k\)
\(\therefore\) Solution set is \(\left\{ 3-2k,k \right\} ,k\epsilon R\)
For different values of k; we get infinite number of solutions
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