Free Qualitative Analysis Revision Questions

Free Qualitative Analysis Revision Questions

Free Qualitative Analysis Revision Questions and Answers

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CPA Foundation

Free Qualitative Analysis Revision Questions and Answers

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Category: CPA Foundation-Qualitative Analysis

1. 12. Petero sells chocolates and each dozen consists of two varieties namely Dark and White chocolates. Dark chocolates cost kshs 150 each whereas White chocolates cost kshs 300 each. The selling prices for dark chocolates and white chocolates are kshs 210 and kshs 350 each respectively

Required:
Given that the daily cost per dozen of the dark chocolates is kshs 2,400 and assuming that all chocolates are bought in a day are sold, use matrix algebra to determine:
a. The number of dark chocolates and white chocolates that should be packed in each dozen
b. The daily profit earned from each dozen of chocolate.

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2. What is d/x (x^3 )?

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Category: CPA Foundation-Qualitative Analysis

3. The weight of students in a class is an example of __________.

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Category: CPA Foundation-Qualitative Analysis

4. Highlight two applications of set theory in business

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Category: CPA Foundation-Qualitative Analysis

5. What are the two types of decision trees?

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Category: CPA Foundation-Qualitative Analysis

6. Jumana bought goods for sale worth kshs 120,000. She projected to make a profit of 35% on the selling price.

Required:
The price to be charged for the goods.

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Category: CPA Foundation-Qualitative Analysis

7.

Suppose that when an industrial machine is n years old, it generates revenue at the
rate of R’(n) = 12,050– 16n^2 kshs per year and results in costs the accumulate at the
rate of C’(n) = 9.362 + 26n^2 kshs per year.
Required
a. How many years is the use of machine profitable?
b. Calculate the net earnings generated by the machine during its period of profitability.

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Category: CPA Foundation-Qualitative Analysis

8. Highlight the three measures of central tendency

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Category: CPA Foundation-Qualitative Analysis

9. Highlight two applications of time series models

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Category: CPA Foundation-Qualitative Analysis

10. TRUE OR FALSE: The modulus function (f(x) = |x|) gives the absolute value of the function, irrespective of the sign of the input domain value.

 

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Category: CPA Foundation-Qualitative Analysis

11. The data below show the weight and index numbers of six commodities in the state of Zameli:

 

Product data

The weighted index number of the six commodities is 2,482.40 and the total weight is 1200.
Required
a. The weight of commodity C
b. The index number of commodity E

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Category: CPA Foundation-Qualitative Analysis

12.

In an exam revision session, four students from Tausi Academy were given a quiz. The chances for the four students will pass the quiz were 1/3,1/4,1/5 and 1/ 6 respectively
Required
a. The probability that all four students failed the quiz.
b. The probability that all f four students passed the quiz.

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Category: CPA Foundation-Qualitative Analysis

13. TRUE OR FALSE: Logarithms of zero and a negative number are undefined.

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Category: CPA Foundation-Qualitative Analysis

14. The _________is a single number that represents the most common value for a list of numbers or the value that has the highest probability from the probability distribution that describes all possible values that a variable may have.

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Category: CPA Foundation-Qualitative Analysis

15.

Genesis took out with his friends town where spend 50% of the drinks and 25% of the remaining money on snacks and 2/3 of the remaining money on transport. He remained with a balance of kshs 5,000 after the shopping.
Required
The amount of money Genesis had before He went out with his friends

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Category: CPA Foundation-Qualitative Analysis

16. Outline six factors that should be considered in the construction of index numbers

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Category: CPA Foundation-Qualitative Analysis

17.

In reference to decision theory, discuss the following types of decision problem classifications.
a. Decision making under certainty
b. Decision making under risk
c. Decision making under uncertainty
d. Decision making under partial information
e. Decision making under conflict

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Category: CPA Foundation-Qualitative Analysis

18. TRUE OR FALSE: Compared to other decision techniques, decision trees are more difficult to interpret as they require statistical knowledge.

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Category: CPA Foundation-Qualitative Analysis

19. In a group of 150 car buyers, 60 bought Toyotas, 45 purchased Mazdas, and 2 30 purchased Toyotas and Mazdas. If a car buyer chose at random and bought a Toyota, what is the probability they also bought a Mazda?

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Category: CPA Foundation-Qualitative Analysis

20. TRUE OR FALSE: A null hypothesis shows there is no relationship between the variables being tested.

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Category: CPA Foundation-Qualitative Analysis

21. Outline four classification of functions and provide four examples of each type

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Category: CPA Foundation-Qualitative Analysis

22. TRUE OR FALSE: The complement of the universal set is an empty set or null set (∅), and the complement of the empty set is the universal set.

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Category: CPA Foundation-Qualitative Analysis

23. Highlight five applications of matrices

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Category: CPA Foundation-Qualitative Analysis

24. Two departments in a tile manufacturing company show the following results about the number of employees and the wages paid to them:

Product data

Required
Using the coefficient of variation ,formularizing in which department, A or B ,is there greater variability in individual wages.

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Category: CPA Foundation-Qualitative Analysis

25. A________is a combination that shows three perspectives in a single picture.

 

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Category: CPA Foundation-Qualitative Analysis

26. The following table relates to the tourist arrivals during 2000 to 2006 in Kenya:

Tourist data

Required
Fit a straight-line trend by the method of least squares and estimate the number of tourists that would arrive in the 2010.

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Category: CPA Foundation-Qualitative Analysis

27. ________refers to a matrix where the diagonal consists of ones and the other elements are all zeros.

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Category: CPA Foundation-Qualitative Analysis

28. Using the rules of integration, solve the following:

Rules of intergration

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Category: CPA Foundation-Qualitative Analysis

29.

Kalama limited manufactures spoons and folks. The cost of making 160 spoons and 100 folks is kshs 28,000, while the cost of making 60 spoons and 140 folks is kshs 14,600. Kalama limited makes a profit of 15.5% and 18.5 % on each spoon and folk respectively.
Required:
a. The cost of making a spoon and a folk.
b. The selling price of a spoon and a folk

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Category: CPA Foundation-Qualitative Analysis

30.

12. The mean score on the CPA economics exam is 66. A test preparation department states that the mean score of students who take the economics exam is higher than 66. The hypotheses are:
Ho: µ = 66
Ha: µ > 66
Suppose that the results of sampling lead to rejection of the null hypothesis. Classify that conclusion as a Type I Error, a Type II Error, or a correct decision, if in fact the average KCPE score has increased.

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Category: CPA Foundation-Qualitative Analysis

31. TRUE OR FALSE: For a given angle θ each ratio stays the same no matter how big or small the triangle is.

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Category: CPA Foundation-Qualitative Analysis

32. Highlight five criteria for making decisions under uncertainty.

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Category: CPA Foundation-Qualitative Analysis

33. The table below shows the year of study and the favorite subject of 1,460 students of Sulumani University:

Student distribution data

Required
If a student is randomly selected from this sample. Determine the probability that:
a. The student’s favorite subject is math
b. The students are in form one (1)
c. The students favorite subject is English given that the student is in Form two (2)
d. The student’s favorite subject is History or English given that the selected student is in form three (3)

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Category: CPA Foundation-Qualitative Analysis

34. Zahara College of technology has 840 students whose participation in various sports as follows:

Required:
a. A Venn diagram to represent the above information
b. Number of students who played at least two of the sports
c. Number of students who played one sport only
d. Number of students who did not play any of the three sports.

 

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