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Cima C03 Exam Question No 34

Question No 34:

The following information shows the daily sales revenue (£000) of a company producing a particular item of clothing, over a period of two years.

The expected daily sales (in £000) is

Answer: 24(£000)

Cima C03 Exam Question No 33

Question No 33:

In an internal audit of 200 invoices, the following numbers of errors were discovered?
 

 The expected value of the number of errors per invoice is3

A. 1∙8
B. 2
C. 2∙1
D. 3

Answer: A

Cima C03 Exam Question No 39

Question No 39:

The Personnel Department of a large manufacturing company wishes to measure the correlation between the performance of its employees on an aptitude test, and their ability to carry out a specific work-related task.
 
The following table shows the rankings of 7 employees at both the test and the task?

Spearman’s rank correlation coefficient for this data is?

Answer: .72

Cima C03 Exam Question No 38

Question No 38:

A multiplicative time series model should be assumed. Quarterly sales (units) of Brand X, 2001.

A. –50%
B. 0%
C. +50%
D. None of these.

Answer: A 

Cima C03 Exam Question No 37

Question No 37:

A multiplicative time series model should be assumed. Quarterly sales (units) of Brand X, 2001?

The trend value for Q1 sales (units) is

A. 1,280
B. 1,920
C. 2,000
D. None of these.

Answer: C

Cima C03 Exam Question No 36

Question No 36:

 The underlying trend in the demand for a particular product is constant (flat), and is subject to quarterly seasonal variations as follows:

Quarter

Q1

Q2

Q3

Q4

Seasonality

+50%

+50%

-50%

-50%

 Assume a multiplicative model is appropriate.

If the demand for the last quarter, Q2, was 240 units, then the forecasted demand for the next quarter, Q3, is

A. 80 units.
B. 100 units.
C. 120 units.
D. 140 units.

Answer: A

Cima C03 Exam Question No 35

Question No 35:

 

On the basis of the scatter diagram above, which of the following equations would best represent the regression line of Y on X?

A. Y = –X + 8
B. Y = X + 8
C. Y = X – 8
D. Y = –X – 8

Answer: A