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QMI1500 ASSESSMENT 3 SEM 1 OF 2024 EXPECTED SOLUTIONS R85,00
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QMI1500 ASSESSMENT 3 SEM 1 OF 2024 EXPECTED SOLUTIONS

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THIS DOCUMENT CONTAINS EXPECTED QUESTIONS AND ANSWERS FOR QMI1500 ASSESSMENT 3 SEM 1 OF 2024

Last document update: 11 months ago

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  • September 10, 2022
  • March 11, 2024
  • 22
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers
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Question 1 Three workers on the same job showed the following results over a long period of
Not yet time:
answered
Marked out of
1.00 Worker
Flag Mpho Tumelo Siphiwe
question ¯
x̄¯¯���: Mean time of completing the 25 25 24 24 19 19
job (minutes)

S x̄¯¯ ������
¯ : Standard deviation
66 77 55
(minutes)


Calculate the coefficient of variation of the time that each worker required to
complete the job. The worker that appears to be more consistent in the time he
required to complete the job is

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, Buhle wants to save R330 284,00 R330284,00 within the next four years. She makes equal monthly deposits
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d. R5 338,49 R5338,49.

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