Quantitative techniques - KASNEB Notes

quantitative techniques

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quantitative techniques

Copyright

ALL RIGHTS RESERVED. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without the prior written permission of the

copyright owner.

ISBN NO: 9966-760-23-7 ? 2009 SUP

First Published 2009

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SUP P.O. Box 59857, 00200,

Nairobi, Kenya. Tel: +254 (0) 20 606155 Fax: +254 (0) 20 607498

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Acknowledgment

We gratefully acknowledge permission to quote from the past examination papers of the following bodies: Kenya Accountants and Secretaries National Examination Board

(KASNEB); Chartered Association of Certified Accountants (ACCA).

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quantitative techniques

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Table of Contents

ACKNOWLEDGMENT................................................................................................................ iii TABLE OF CONTENTS................................................................................................................ v

CHAPTER ONE............................................................................................................................ 1 MATHEMATICAL TECHNIQUES................................................................................................ 3 CHAPTER TWO......................................................................................................................... 75 Descriptive Statistics....................................................................................................... 77 CHAPTER THREE...................................................................................................................... 99 Probability.......................................................................................................................... 101 CHAPTER FOUR ..................................................................................................................... 127 Sampling and Estimation................................................................................................ 129 CHAPTER FIVE........................................................................................................................ 163 Regression, Time Series and Forecasting............................................................. 165 CHAPTER SIX.......................................................................................................................... 205 Decision Theory................................................................................................................. 207 CHAPTER SEVEN.................................................................................................................... 229 Mathematical Programming......................................................................................... 231 CHAPTER EIGHT..................................................................................................................... 273 Network Planning and Analysis................................................................................ 275 CHAPTER NINE....................................................................................................................... 337 Simulation and Queuing Theory.................................................................................. 339 MODEL ANSWERS.................................................................................................................. 375 GLOSSARY.............................................................................................................................. 431 INDEX....................................................................................................................................... 439

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