AY2014 - 15 TERM 1 SAMPLE TEST PAPER A

Nov 2014
IS102 COMPUTER AS ANALYSIS TOOL
INSTRUCTIONS TO CANDIDATES

The time allowed for this examination paper is 2 hours

This examination paper contains a total of two questions. Total mark is 25 and
mark distribution:

Question 1

10 marks

Question 2

15 marks

You are required to answer ALL questions and this is an OPEN BOOK
examination.

Restrictions: no communications (email, chat, internet, mobile phone etc.) of any

kind. Write your answers in the space provided below each question. This paper
will be collected at the end of the test.

Student Name:

NRIC:

Section:
Instructor Name:
Marks
Question 1

10

Question 2

15

TOTAL

25

Awarded

Question 1 (10 marks) Jerrys Music CD Shop

Jerry is a fan for heavy mental and classical music. At the same time, he owns a small CD Shop
near City Hall MRT station which also does rental. He wants to know how many CDs to order
to maximize his profit. A new CD sells for $10.00 and costs $5.00 to purchase/order. The CD can
also be rented out for $1.50 per month. Rentals are always met first - i.e. demand for rental is
always met. Any CD not sold can be returned for $5.00. CDs rented out are considered used and
cannot be returned.
Demand Data: Demand for monthly sales is 150.
Order Data:
Monthly order is 250.
Demand for monthly rental of CDs is distributed with the following probabilities:
Probability
0.15
0.35
0.10
0.30
0.10

Demand
20
25
35
40
50

Problem:
Refer to the excel spreadsheet template below. How many CDs should the owner order/
purchase for the month? Simulate with monthly demand, the profit for orders from 100 to 500
in increments of 100.

(a) Write out the cell formulas of the following cells: (8 marks)
B6: =
B9: =
B10: =
B11: =
B13: =
B14: =
B15: =
B19: =

(b) You decided to tabulate a Data Table the profits from order quantities of 100 to 500 in
increments of 100. What goes into the Row_input_cell, and the Column_input_cell? (2 marks)

Row input cell:

______________________

Column input cell: ______________________

QUESTION 2 (15 MARKS)

The Car Park Rates at Liat Towers, Orchard Road are given below:

(1) Monday to Saturday (7:00am 6:00 pm)

(2) 1st hour - $2.50
(3) Subsequent hour or part thereof $1.30
(4) Per Entry (6:00pm-12:00 midnight) $3.50
(5) Sunday & Public Holiday
Per Entry (7:00am 12:00 midnight) $3.50

There are five different conditions listed above. Assume for our purposes that you do not
start any earlier than 7:00 am and that you do not park beyond 12 midnight.
Using just conditions (1) to (4) [ignore the Sun and Hol condition], complete the
spreadsheet below:

Note the named cells:

(i) C3 is a named cell InitialHrCharge etc.
(ii) F3 is a named call SevenAM etc.
(iii) B9:B19 is named EntryTime; C9:B19 is named ExitTime

a.

Write down the formulas for the following cells: (5 marks)

D9: =
E9: =
F9: =
G9: =
H9: =

b.

Fill in the calculated values (from your spreadsheet) for the dates and times shown (7
marks)

D10:=
E10:=
F10:=
G10:=
H10:=

D11:=
E11:=
F11:=
G11:=
H11:=
D12:=
E12:=
F12:=
G12:=
H12:=

c.

Now allow for the Sun and Hol condition to be included i.e. the Day entry can be
Sun or Hol. When that is the case, you are only charged $3.50. What is the
formula now for Total Charge? (3 marks)

End of the Examination Paper