By Walter Allan
CIMA examination perform Kits consolidate studying by way of offering an intensive financial institution of perform questions. each one resolution offers a close research of the right kind solution and highlights why the choices are unsuitable. CIMA examination perform Kits are perfect for scholars learning independently or attending a tutored revision path. It supplementations the legitimate CIMA learn platforms and CIMA Revision playing cards with a wealth of extra questions and fabric concentrated merely on utilizing what has been learnt to passing the examination. CIMA examination perform Kits aid scholars arrange with self belief for examination day, and to cross the hot syllabus first time. * comprises 2 hundred examination general a number of selection questions* organize to cross with vast extra query perform * offers labored solutions to totally clarify the right kind solution, and research of flawed solutions - assisting CIMA scholars stay away from universal pitfalls
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CIMA examination perform Kits consolidate studying by way of delivering an in depth financial institution of perform questions. every one answer presents a detailed research of the right kind resolution and highlights why the choices are flawed. CIMA examination perform Kits are perfect for scholars learning independently or attending a tutored revision path.
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Extra resources for CIMA Exam Practice Kit: Business Mathematics
So C 7 Scale ϭ 1 cm for 2 frequencies, then 28 should have a height of 14. so C 8 The top 1% of the population is referred to statistically as the percentile. so A 9 Simple, multiple, component and compound are all types of bar charts. so D 10 To be correctly presented, the histogram must show the relationship of the rectangles to the frequencies by reference to the area. so B 8 Averages Concepts, definitions and short-form questions 1 Distinguish between (i) the mean (ii) the median (iii) the mode 2 State three advantages and two disadvantages of using the mean Advantages (i) (ii) (iii) Disadvantages (i) (ii) 3 Calculate the arithmetic mean of 3, 6, 7, 8, 9, 11, 13, 15.
Ii) All the data in the distribution is used. (iii) It can be used in more advanced mathematical statistics. g. 2 children. 3 3 ϩ 6 ϩ 7 ϩ 8 ϩ 9 ϩ 11 ϩ 13 ϩ 15 72 ϭ ϭ9 8 8 4 The median Advantages (i) It is not affected by extreme values. (ii) It is easy to understand. 42 Exam Practice Kit: Business Mathematics (iii) It is unaffected by unequal class intervals. (iv) It can be the value of an actual item in the distribution. Disadvantages (i) If there are only a few items it can be unrepresentative.
8 How much needs to be invested now at 5% to yield an annual income of £10,000 in perpetuity? 9 An initial investment of £2,000 yields yearly cash flows of £500, £500, £600, £600 and £440 at the end of each year. At the end of year five, there is no scrap value. If capital is available at 12%, using discounted cash flow and internal rate of return assess whether the project should be accepted. 10 If a credit card company has an annual percentage rate (APR) of 30% how much interest are they charging a customer each month?
CIMA Exam Practice Kit: Business Mathematics by Walter Allan