III. a) 0.708 b) 0.425 c) 83 4 IV. a) 27,472 green tea bags b) 5,660 students not based in England V. a) A=£40,000 B =£15,000 C =£25,000 D =£20,000 b) X = £30,000; Z = £42,000 Total Investment = £108,000 VI.Probability helps business to analyze the risk and assess the profit accordingly PART B Question 4 a) Mean = 74.4 b) Mode = 65 c) Median = 74.5 d) Range = 21 e) Standard Deviation = 7.136 Question 5 I. Data is any value in the form of numeric either in discrete, random or continuous type.
Information is anything which can be interpreted from the data. II. Population is the inclusion of all data from specified area. Sample is the small portion of population data which is taken to analyze the whole population within less time and cost. Larger the sample size more will be chances of error. III.Anormaldistributionisthepropertermforaprobabilitybellcurve.Inanormal distributionthe mean is zero and the standard deviation is 1. It has zero skew and a kurtosis of 3.Normal distributionsare symmetrical, but not all symmetricaldistributionsarenormal. Types of skewed data = Positive, Negative and Zero