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Foundation PN-3 FBMS Quiz 10

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Created on By CA Sonal Saboo

CMA Foundation

Foundation FBMS PN-3 Quiz 10

This quiz is based on the CMA Fundamentals of Business Mathematics and Statistics  paper.
Each question is multiple-choice with 4 options, and only 1 option is correct.
Attempt the quiz to test your understanding of CMA FBMS concepts.

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Category: Fundamental of Business Mathematics and Statistics PN-3

1. A die is rolled twice. The probability that the sum of numbers is 7 is:

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Category: Fundamental of Business Mathematics and Statistics PN-3

2. From a standard deck of 52 cards, a card is drawn at random. The probability that it is a king or a heart is:

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Category: Fundamental of Business Mathematics and Statistics PN-3

3. Events A and B are independent with P(A)=0.5, P(B)=0.4. Then P(A ∪ B) is:

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Category: Fundamental of Business Mathematics and Statistics PN-3

4. A bag contains 5 red, 4 blue, and 3 green balls. One ball is drawn at random. The probability that it is red or green is:

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Category: Fundamental of Business Mathematics and Statistics PN-3

5. Two coins are tossed simultaneously. The probability that at least one head appears is:

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Category: Fundamental of Business Mathematics and Statistics PN-3

6. A bar diagram comparing sales of four products in a year shows unequal widths  of  bars.  What  is  the consequence?

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Category: Fundamental of Business Mathematics and Statistics PN-3

7. Which graphical representation is most  appropriate  for  comparing percentage contributions of categories?

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Category: Fundamental of Business Mathematics and Statistics PN-3

8. The cumulative frequency curve can be used to determine:

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Category: Fundamental of Business Mathematics and Statistics PN-3

9. The ogive of a distribution is rising steeply in the middle range and flat at both ends. This indicates:

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Category: Fundamental of Business Mathematics and Statistics PN-3

10. A histogram has unequal class intervals. Which of the following represents the height of the bars correctly?

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Category: Fundamental of Business Mathematics and Statistics PN-3

11. A firm's marginal cost MC = 3x2 - 6x + 4. If fixed cost = 20, find the total cost function.

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Category: Fundamental of Business Mathematics and Statistics PN-3

12. If total cost C(x) = 100 + 10x + 0.5x2, find the rate of change of average cost when x = 10.

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Category: Fundamental of Business Mathematics and Statistics PN-3

13. For the profit function P(x) = -2x2 + 40x - 100, the maximum profit occurs at x =:

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Category: Fundamental of Business Mathematics and Statistics PN-3

14. If the demand function is p = 100 - 2x, find the marginal revenue when x = 20.

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Category: Fundamental of Business Mathematics and Statistics PN-3

15. If the total cost function of producing x units is C = 5x2 + 20x + 100, then the marginal cost at x = 10 units is:

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Category: Fundamental of Business Mathematics and Statistics PN-3

16. If one root of 2x2 + 3x + k = 0 is double the other, then k equals:

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Category: Fundamental of Business Mathematics and Statistics PN-3

17. The quadratic equation x2 - 6x + k = 0 will have real and distinct roots if:

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Category: Fundamental of Business Mathematics and Statistics PN-3

18. If α and β are roots of 3x2 - 5x + 2 = 0, then the value of α3 + β3 is:

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Category: Fundamental of Business Mathematics and Statistics PN-3

19. If the quadratic equation 2x2 + kx + 8 = 0 has equal roots, then the value of k is:

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Category: Fundamental of Business Mathematics and Statistics PN-3

20. From a set of 7 different books, in how many ways can 3 be selected and arranged on a shelf?

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Category: Fundamental of Business Mathematics and Statistics PN-3

21. How many ways can 6 students be seated in a row if 2 particular students must sit together?

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Category: Fundamental of Business Mathematics and Statistics PN-3

22. From 10 persons, in how many ways can  a  president,  secretary,  and treasurer be chosen?

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Category: Fundamental of Business Mathematics and Statistics PN-3

23. How many different committees of 3 men and 2 women can be formed from 6 men and 5 women?

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Category: Fundamental of Business Mathematics and Statistics PN-3

24. How many 4-digit numbers can be formed using digits 1,2,3,4,5 without repetition?

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Category: Fundamental of Business Mathematics and Statistics PN-3

25. From a group of 8 men and 6 women, a committee of 4 is to be formed such that at least 2 women are included. How many  such  committees  are possible?

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