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Published on: 13/05/2022
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Questions + Answers key
Take MCQ Business Maths and Statistics Test

1.
Solve: 2x + 3y = 4 and 4x + 6y = 8 using Cramer's rule.
2.
If A and B are non-singular matrices, prove that AB is non-singular.
3.
For what value of x, the matrix
\(A=\left| \begin{matrix} 1 & -2 & 3 \\ 1 & 2 & 1 \\ x & 2 & -3 \end{matrix} \right| \) is singular?
4.
If \(\left( \begin{matrix} 1 & 0 & 0 \\ 0 & 1 & 0 \\ 0 & 0 & 1 \end{matrix} \right) \left( \begin{matrix} x \\ y \\ z \end{matrix} \right) =\left( \begin{matrix} 1 \\ -1 \\ 0 \end{matrix} \right) \) find x, y and z
5.
Two newspapers A and B are published in a city . Their market shares are 15% for A and 85% for B of those who bought A the previous year, 65% continue to buy it again while 35% switch over to B. Of those who bought B the previous year, 55% buy it again and 45% switch over to A. Find their market shares after one year
1.
\(\Delta =\left| \begin{matrix} 2 & 3 \\ 4 & 6 \end{matrix} \right| =12-12=0\)
\(\Delta x=\left| \begin{matrix} 4 & 3 \\ 8 & 6 \end{matrix} \right| =24-24=0\)
\(\Delta x=\left| \begin{matrix} 4 & 3 \\ 8 & 6 \end{matrix} \right| =24-24=0\)
\(\therefore \Delta =\Delta x=\Delta y=0\)
\(\therefore \) The system is consistent with infinite number of solutions
let y = k, \(k\epsilon R\)
\(\therefore 2x+3k=4\Rightarrow 2x=4-3k\)
\(\Rightarrow x=\cfrac { 1 }{ 2 } \left( 4-3k \right) ,k\epsilon R\)
\(\therefore \) Solution set is \(\left\{ \cfrac { 4-3k }{ 2 } ,k \right\} ,k\epsilon R\)
2.
Since A and B are non-singular,
|A| \(\neq \) 0, |B|\(\neq \) 0
Consider |AB| |A|·|B|
\(\neq \) 0 since |A|\(\neq \) 0 and |B|\(\neq \) 0.=? |AB| \(\neq \) 0
\(\therefore\) AB is non-singular.
3.
The matrix A is singular, if
\(\left| \begin{matrix} 1 & -2 & 3 \\ 1 & 2 & 1 \\ x & 2 & -3 \end{matrix} \right| =0\)
\(1\left| \begin{matrix} 2 & 1 \\ 2 & -3 \end{matrix} \right| +2\left| \begin{matrix} 1 & 1 \\ x & -3 \end{matrix} \right| +3\left| \begin{matrix} 1 & 2 \\ x & 2 \end{matrix} \right| =0\)
\(\Rightarrow\) (-8) -6 - 2x + 6 - 6x = 0
\(\Rightarrow\) -8-2x-6x = 0
\(\Rightarrow\) -8-8x = 0
\(\Rightarrow\) -8 = 8x
\(\Rightarrow\) \(x=\cfrac { -8 }{ 8 } =-1\)
4.
Given \(\left( \begin{matrix} 1 & 0 & 0 \\ 0 & 1 & 0 \\ 0 & 0 & 1 \end{matrix} \right) \left( \begin{matrix} x \\ y \\ z \end{matrix} \right) =\left( \begin{matrix} 1 \\ -1 \\ 0 \end{matrix} \right) \)
\(\Rightarrow \left( \begin{matrix} x+0+x \\ 0+y+0 \\ 0+0+z \end{matrix} \right) =\left( \begin{matrix} 1 \\ -1 \\ 0 \end{matrix} \right) \)
\(\Rightarrow \left( \begin{matrix} x \\ y \\ z \end{matrix} \right) =\left( \begin{matrix} 1 \\ -1 \\ 0 \end{matrix} \right) \)
\(\Rightarrow x=1,y=-1,z=0\)
5.
Transition probability matrix

Given present market shares are 15% for A and 85% for B
\(\therefore\) Market shares after one year
= \(\left( \cdot 15\cdot 85 \right) \left( \begin{matrix} \cdot 65 & \cdot 35 \\ \cdot 45 & \cdot 55 \end{matrix} \right) \)
= ((-15)(-65)+(-85)(-45) ·15x·35+·85x·55)
= (-0975 + 0.3825 .0525 + 4675)
= (0 .48 0.52)
\(\therefore\) Market shares after one year for A is 48% and for B is 52%
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