2024/2025 Exam Questions Marking
Scheme New Update | A+ Rated
If you count 1 to 100, how many 5s will you pass on the way? - 🧠ANSWER
✔✔There are 20 numbers that contain 5 in it
5, 15, 25, 35, 45, 50, 51 to 59, 65, 75, 85, 95
(55 contains 2 five's)
So the answer is 20 ...
Julie is a hair stylist. She makes $10.25 an hour, plus $6 extra for every haircut
she performs. This week she worked a total of 40 hours and performed 46
haircuts. How much money did she make? - 🧠ANSWER ✔✔$686.05 10.25 x 40 =
410.05 46 x 6 = 276
410.05
+276
=686.06
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,Business statistics is a scientific approach to decision-making in the face of risk
and is used in many disciplines, such as financial analysis, econometrics,
auditing, production and operations, and marketing research. The main
objective of business statistics is to make inferences about certain
characteristics of a population based on information contained in a random
sample from the entire population.
Statistical forecasting concentrates on using the past to predict the future by
identifying trends, patterns and business drives within the data to develop a
forecast. This forecast is referred to as a statistical forecast because it uses
mathematical formulas to identify the patterns and trends while testing the
results for mathematical reasonableness and confidence. Statistical forecasting
is used for forecasting sales and budget.
Question #1
Statistical forecasting deals with estimating the likelihood of an event -
🧠ANSWER ✔✔The correct answer is: True
How to solve this question?
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,The passage says that statistical forecasting concentrates on using the past to
identify patterns and trends. This information is used to predict the future, such
as forecasting sales and budget. Therefore, the answer is "True".
Business statistics is a scientific approach to decision-making in the face of risk
and is used in many disciplines, such as financial analysis, econometrics,
auditing, production and operations, and marketing research. The main
objective of business statistics is to make inferences about certain
characteristics of a population based on information contained in a random
sample from the entire population.
Statistical forecasting concentrates on using the past to predict the future by
identifying trends, patterns and business drives within the data to develop a
forecast. This forecast is referred to as a statistical forecast because it uses
mathematical formulas to identify the patterns and trends while testing the
results for mathematical reasonableness and confidence. Statistical forecasting
is used for forecasting sales and budget.
Question #2
Using statistics in decision-making eliminates business risks
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, Answer op - 🧠ANSWER ✔✔The correct answer is: Can't say
How to solve this question?
The information given is that business statistics are used for decision-making in
the face of risk. There is no suggestion in the passage that such use eliminates
business risks, and the answer therefore is "Can't say".
Question #3
There is no kid that doesn't like chocolate.
What inference can be drawn from this sentence?
Answer options
A. Everyone who likes chocolate is a kid.
B. All kids like chocolate.
C. There are kids that don't like chocolate.
D. Only kids like chocolate. - 🧠ANSWER ✔✔The correct answer is: All kids like
chocolate.
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