Multiple choice answers? (1 Viewer)

[2011_]

I thought 20 was C... as Income was I=100x and the question said "How much greater is the income of the function centre when 500 people attend an event, than its income at the break-even point?" THe income at the break-even point was 100x200 giving $20,000. When 500 people attended, it was 100x 500 = $50,000. Therefore, $50,000 - $20,000 = $30,000

This is what I did too. Hopefully it's correct

 

[minzoir]

7 is actually negatively skewed (C),
and 19 was C not D

The median is closer to the bottom of the scale, showing that most of the data is present in that area. As we know, data bulking around the bottom of the scale is referred to as positively skewed, while negatively skewed is data that is highly present in the higher end of the scale.

I'll show the working out for 19:
he gets paid 22.35/h for a 40 hour week.
= 22.35 * 40
= 894
his allowance for callouts is 150 for that week
= 894 + 150
= 1044
He is called out twice for emergencies (and every time he is called out he is payed a minimum of 4 hrs double time)
= 2 * (4 * 2 * 22.35)
= 357.6
= 1044 + 357.6
= 1401.60
On one of these times he is out on emergency call for 5 hours.. so he gets paid an extra hour for this work (at double time)
= 1 * 2 * 22.35
= 44.7
Total pay = 1401.60 + 44.70
Total pay = $1446.30
Therefore, the answer is (D)

I posted a new thread in this section with the answers to Section II of the paper. I wrote down my answers and got my teacher to mark them when I came out. I lost about 5 marks in the paper (0 lost in multiple choice) and so I've put those ones in the answers from memory. Good luck with the rest of your exams!

 

[leb2_die4]

I thought 20 was C... as Income was I=100x and the question said "How much greater is the income of the function centre when 500 people attend an event, than its income at the break-even point?" THe income at the break-even point was 100x200 giving $20,000. When 500 people attended, it was 100x 500 = $50,000. Therefore, $50,000 - $20,000 = $30,000

This is what i thought, but you have to remember income means minusing expenses/ costs and you should know at break even point income = 0

 

[minzoir]

I'm almost certain question 20 is (A) as break even point means 0 income therefore, the income Would be the revenue- cost being 50,000- 35,000 = $15000 (A)

The formula above the graph calculates the income:
I = 100x
therefore, it has nothing to do with the costs, let-alone the break even point. Income is defined as all incoming money/cash.. I think you are referring to the revenue of the business.

 

[Elliee]

The formula above the graph calculates the income:
I = 100x
therefore, it has nothing to do with the costs, let-alone the break even point. Income is defined as all incoming money/cash.. I think you are referring to the revenue of the business.

+1

 

[isenseven]

I'm almost certain question 20 is (A) as break even point means 0 income therefore, the income Would be the revenue- cost being 50,000- 35,000 = $15000 (A)

Bro, the breakeven means 0 revenue until that point, the question asked for income, you fell into the BOS trap on that one bud.

 

[leb2_die4]

Bro, the breakeven means 0 revenue until that point, the question asked for income, you fell into the BOS trap on that one bud.

Think about it from my point of view its not called an income if you have expenses. Revenue is the same as income , money thats generated less your expenses i dont know use could be right its a tricky one

 

[isenseven]

Bro, it's clear cut basic knowledge, income is what you recieve, revenue = income - expenses. Simple. REVENUE IS NOT THE SAME AS INCOME otherwise they would have the same name ffs.

 

[Elliee]

bro, it's clear cut basic knowledge, income is what you recieve, revenue = income - expenses. Simple. Revenue is not the same as income otherwise they would have the same name ffs.

amen

 

[minzoir]

Think about it from my point of view its not called an income if you have expenses. Revenue is the same as income , money thats generated less your expenses i dont know use could be right its a tricky one

Income is not money generated less your expenses. It is the money coming into the business. What you are referring to is net profit, that is the figure after the expenses have been deducted from the cost of goods sold... this is not a business studies exam, but the formula clearly indicates no relation to costs or expenses:
I = 100x

Costs has its own formula:
C = 10000 + 50x

And btw, this was all in the question. A large majority of the marks allocated in general maths are in relation to the candidate's interpretation of the question. That's why they have all these annoyingly worded questions (e.g. Q15 and Q19), and to be honest I flippin' hate it. Up until 2006 the papers were amazingly easy. But now they try to pick marks off you just because you are under a lot of pressure and might skip a few words in the question, or interpret it differently. Grrrr Bos
I'm really sorry though man, I hope you went well in the rest of the paper.

 

[andreacchiop]

Should Get 18/22 for multiple choice, and 71/78 for section II....but hopefully they will be kind to me and give me a 90/100 ...

 

[miss_forgettful]

I'm almost certain question 20 is (A) as break even point means 0 income therefore, the income Would be the revenue- cost being 50,000- 35,000 = $15000 (A)

Sure you've been told heaps already, but for break even point, income does NOT = $0. Break-even point is Income - Costs = $0

 

[miss_forgettful]

Oh yeah and yay 21/22 for MC. Did shit in the second section, way too many mistakes... I read 1m^3 = 1L. *Facepalm*