3.2 Shoprite/ Checkers estimates that its maximum daily demand for electricity
during the coming few weeks can be approximated by a normal distribution with
a mean of 100kW and a standard deviation of 10 kW.
3.2.1) Determine the probability that the maximum daily demand will be between 100
kW and 125 kW (inclusive)
(5)
3.2.2) Determine the probability that the maximum daily demand will be between 94 kW
and 108 kW (inclusive)
(5)
3.2.3) Determine the probability that a given day's maximum demand will be exceed 87
kW (inclusive)
(5)
QUESTION 4 [91
A shop owner has compiled the following information on the prices and quantities of
fruit sales from December 2012 to December 2022
ITEM
PRICE
2012
PRICE
2022
QUANTITY
2012
QUANTITY
2022
Apple
Orange
Avocado
1.85
1.50
3.40
3.75
2.25
5.40
75
110
140
260
250
335
Using December 2012 as the base period, determine and interpret the simple price
indexes for these three items in December 2022.
[3 X 3 = 9]
QUESTION 5
r21l
The asset turnovers, excluding cash and short-term investments, for the Konkiep Cash
Loans from 2012 to 2022 are listed below (in $mil):
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
3.33 3.84 3.51 3.30 3.18 3.42 3.37 3.99 4.14 4.50 4.95
5.1 Plot the time series data.
(6)
5.2 Determine the least squares trend line equation, using the sequential coding
method with x = 1 in 2012.
(9)
5.3 Use the trend line equation to estimate turnovers for 2010 and 2026
(6)
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