MGU · MG1CCRBBA102 · Semester 1

Business Statistics and Logic

Revision and exam practice

Use these checklists to find gaps, then return to the main guide. Questions are syllabus-based practice, not actual or guaranteed MGU questions.

MODULE CHECKLISTS · ESE PRACTICE · STUDY PLANS

Exam format and priority

The syllabus states CCA 30 marks and ESE 70 marks in a 2-hour written exam: five of eight 2-mark questions from the last two units (Modules 3 and 4); four of six 5-mark short essays; and two of four 20-mark essays (problems and case studies). Do not assume an individual question is guaranteed.

MUST MASTER

Descriptive measures and interpretation, correlation/regression, probability rules, logic aptitude topics, and both Excel assignments.

IMPORTANT

Data classification and graphs, covariance, ranks, model characteristics and business applications.

QUICK-SCORE

Definitions, formulas, theory-only concepts and clear distinctions.

Study order

First learn summaries and formula meanings; then practise relationship/probability problems; then do logic sets and complete the applied Excel work.

MODULE 1 · DESCRIPTIVE STATISTICS

Revision checklist

10 core ideas: classification; tabulation; frequency distribution; graph choice; AM; weighted AM; median/mode; dispersion; skewness; kurtosis.

Key terms: class interval, frequency, weighted mean, quartile, mean deviation, SD, CV, skew, tail, histogram.

Formula prompts: AM=Σx/n; weighted AM=Σwx/Σw; range=max−min; QD=(Q₃−Q₁)/2; MD=Σ|x−A|/n; CV=(SD/mean)×100%.

Common traps: unsorted median; weights not applied; CV used for zero mean; skewness/kurtosis coefficient convention left unstated.

MODULE 2 · CORRELATION AND REGRESSION

Revision checklist

10 core ideas: paired data; scatter; covariance; correlation direction; correlation strength; Pearson r; Spearman ranks; probable error theory; regression; prediction.

Key terms: association, covariance, rank, coefficient, regression line, slope, x-on-y, y-on-x, probable error, extrapolation.

Formula prompts: Pearson coefficient; untied Spearman formula; regression lines through (x̄,ȳ). Probable error is theory only in this syllabus.

Common traps: correlation is not causation; Pearson measures linear association; tie handling for Spearman; select regression direction according to what is being predicted.

MODULE 3 · PROBABILITY

Revision checklist

10 core ideas: experiment; outcome; sample space; event; equally likely outcomes; classical probability; complement; addition rule; multiplication rule; binomial/Poisson/normal model characteristics.

Key terms: favourable outcome, mutually exclusive, intersection, union, independent, conditional, count, rate, distribution, uncertainty.

Formula prompts: P(A)=favourable/total under equally likely outcomes; addition rule subtracts overlap; multiplication rule uses conditional probability; independent product rule. Named distributions are theory only.

Common traps: double-count overlap; assume independence; use classical definition when outcomes are not equally likely; treat theory-only distributions as required numerical syllabus.

MODULE 4 · INTRODUCTION TO LOGIC

Revision checklist

10 core ideas: number series; alternating patterns; coding-decoding; odd one out; direction sense; linear seating; circular seating; blood relations; AP/GP; inductive/deductive reasoning.

Key terms: sequence, rule, code, orientation, displacement, constraint, common difference, common ratio, induction, deduction.

Formula prompts: AP aₙ=a₁+(n−1)d; GP aₙ=a₁rⁿ⁻¹.

Common traps: assume a sequence rule before checking every term; confuse facing direction with destination; switch perspective in seating puzzles; mistake an observed pattern for deductive proof.

Expected / Exam-Focused question bank

Questions below are derived from the syllabus. The ESE specifies that 2-mark questions come from the last two units (Probability and Logic).

2-mark practice (Modules 3 and 4 focus)

  1. State the classical definition of probability.
  2. Write the addition rule for two events.
  3. When are two events independent?
  4. What does the binomial distribution model?
  5. Define an arithmetic progression and common difference.
  6. Distinguish inductive and deductive reasoning.
  7. What is meant by displacement in a direction problem?
  8. What does a circular seating arrangement require you to keep consistent?

5-mark short-essay practice

  1. Calculate and interpret mean, median and mode for a small business data set.
  2. Explain range, QD, mean deviation, SD and CV.
  3. Explain Pearson correlation and interpret its direction and magnitude.
  4. Compare correlation and regression, including x-on-y and y-on-x.
  5. Explain probability addition and multiplication rules with examples.
  6. Describe the characteristics of binomial, Poisson and normal distributions (theory).
  7. Solve a direction/seating/blood-relation reasoning problem and show the diagram.
  8. Explain skewness and kurtosis and describe how to examine them with a histogram.

20-mark essay/case-study practice

  1. Analyse a supplied sales data set using suitable centre and dispersion measures; interpret the business implications.
  2. Given paired expenditure and income data, examine correlation and regression; explain limits of prediction.
  3. Prepare a business-data case analysis from classification and tabulation through summary, relationship and conclusion.
  4. Explain probability rules and the syllabus distributions in a business uncertainty scenario.
  5. Complete a logic case involving number patterns, arrangements or directions, with systematic working.
  6. Describe how to conduct and report the Excel assignment on real-world data.

Model answer structure

2 marks: accurate definition/rule plus a short example or distinction.

5 marks: explain the concept, give the formula or steps, show a compact example and interpret.

20 marks: introduce the business question; organise data; select and justify techniques; show calculations/tables; explain results; state limitations; conclude with evidence-based implications.

Assignment completion checklist

7-day revision plan

DayFocus and output
1Tables/graphs, central tendency and weighted mean; solve raw-data examples.
2Dispersion, CV, skewness and kurtosis; analyse one histogram.
3Covariance, scatter, Pearson/Spearman and correlation interpretation.
4Regression lines, coefficients, probability rules and distribution theory.
5Logic: sequences, coding, odd one out and progressions.
6Direction, seating, blood relations, induction/deduction; complete assignment checks.
7Timed ESE practice in 2/5/20 mark formats; review errors and conclusions.

14-day revision plan

DayFocus
1Classification, tabulation and frequency distributions
2Diagrams, graphs and interpretation
3AM, weighted AM, median and mode
4Range, QD, MD, SD and CV
5Skewness, kurtosis and histogram/normal overlay assignment
6Covariance and scatter diagrams
7Pearson and Spearman correlation; probable error theory
8Regression equations, coefficients and interpretation
9Classical probability and event language
10Addition/multiplication rules; distribution characteristics
11Number series, coding and odd one out
12Directions, linear/circular seating and blood relations
13AP/GP and inductive/deductive reasoning; finish Excel analysis
14Mixed timed practice, essay structure and correction

Final 24-hour checklist

If you can do these things, you are exam ready: choose an appropriate method, show clear working, interpret a result in business context and explain the limitations.

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