Probability | My Assignment Tutor

ACC4018 Quantitative methods for Accountants 2020/21 Assessment Number 1: Calculations (30%) Assessment Title: Probability Assessment Length: 1000 words maximum/Calculations equivalent Submission Deadline: week commencing: 23/12/2020 9am Learning OutcomesAssessmentLO1: Plan, create and develop mathematical models to solve appropriate business, management and accounting problems.Assessment 1 and Assessment 2 – ExamLO2: Break business problems down to manageable units, and understand the limitations of the models formulated, methods used, and solutions obtained.Assessment 1 and Assessment 2 – ExamLO3: Use appropriate quantitative methods, (mathematical and statistical) to evaluate and interpret accurate solutions to business and accounting problems.Assessment 1 and Assessment 2 – ExamLO4: Produce accurate results and communicate findings to an appropriate audience.Assessment 1 and Assessment 2 – Exam Assignment Brief: A new textile machine has been installed and some of the engineers are having difficulty operating it. A technician has given them some training and the problems encountered during the practice session are recorded. These data result in the following probabilities: An engineer has a 0.9 probability of operating it successfully on their first attempt. If they are successful at any time, the same probability applies on their next two attempts. If they are not successful at any time, they lose confidence and the probability of succeeding on any subsequent attempt is only 0.5. Required: Draw a tree diagram to find the probabilities that: (30 marks) They are successful on all their first three attempts. (14 marks) They fail at the first attempt but succeed on the next two. (14 marks) They are successful just once in three attempts. (14 marks) They fail just once in three attempts. (14 marks) They are still not successful after the third attempt. (14 marks) (Total 100 marks) Secondary Research Level HE4 – It is expected that the Reference List will contain between five and ten sources. As a MINIMUM the Reference List should include one refereed academic journal and three academic books Specific Assessment Criteria: Distinction (70% and above) Students will provide detailed calculations of the mathematical models (showing all workings) in the context of quantitative methods for accountants, whilst demonstrating accurate results and communicating their findings with an in depth discussion. Also providing relevant advice based on their results with an in depth discussion on the limitations on the mathematical model used. Focused and justified reasons will be provided for opinions put forward. Extensive research demonstrating a wide range of current secondary research sources will be evident. Academic style and referencing will be excellent. Merit (60-69%) Students will provide effective calculations of the mathematical models (showing all workings) in the context of quantitative methods for accountant, whilst demonstrating accurate results and communicating their findings with an in depth discussion. Also providing relevant advice based on their results with an in depth discussion on the limitations on the mathematical model used. Focused and justified reasons will be provided for opinions put forward. Wider research demonstrating use of a good range of current secondary research sources will be evident. Referencing and English will be good. Pass (50%-59%) Students will provide satisfactory calculations of the mathematical models (showing all workings) in the context of quantitative methods for accountant, whilst demonstrating accurate results and communicating their findings with an in depth discussion. Also providing relevant advice based on their results with an in depth discussion on the limitations on the mathematical model used. Focused and justified reasons will be provided for opinions put forward. Research demonstrating use of a range of current secondary research sources will be evident. Referencing and English will be satisfactory. Fail (Below 40%): Students who do not meet the requirements of the Pass criteria will not successfully complete the assessment activity. Submission Instructions: See Section 11 of the module guide (Guidelines for the Preparation and Submission of written coursework), which will give you details on how to submit your work electronically. You are required to submit only electronic copies of your written assessments, unless your Module Tutor advises you otherwise. Please submit your work via the Turnitin tab on Moodle. The ‘Turnitin’ software integrated onto Moodle will allow you to check your work against other material on the internet. It will also compare your work against other students work. You will be able to upload drafts of your written work till the assignment deadline. Once the deadline is reached, the last submission will be considered as your final submission. You will not be able to substitute or delete the final submission. You can only submit work in a single file. I declare this submission to be my own work. ‘Signed’ (student number)………………………. Date…………………………………………………. General Advice: Do not cut and paste phrases or paragraphs from published sources. You should seek to use your own words to explain concepts and theory. If you wish to refer to specific quotes from published sources then you must use full Harvard presentation. See BISSTO for clear guidance. Do not share work with other students. General Assessment Guidelines Level HE4 RelevanceKnowledgeArgument/AnalysisStructurePresentationWritten EnglishResearch/ReferencingClass I(Exceptional Quality)80%+As for Class 1(70-79%) but exceptional work that makes a contribution to the development of knowledge and understanding in the subject area70-79%Directly relevant to title. Addresses most or all of the implications and assumptions of the title.Demonstrates a comprehensive knowledge of theory and practice for this level. Demonstrates ability in the manipulation and transfer of subject material to demonstrate a solid understanding of the issues.Makes creative use of appropriate arguments and/or theoretical models. Contains some distinctive or independent thinking. A comprehensive discussion of the material resulting in clear, logical conclusions.Coherently articulated and logically structured. An appropriate format is used.The presentational style & layout is correct for the type of assignment. Effective inclusion of figures, tables, plates (FTP).A very well writtenanswer with standard spelling and grammar. Style is clear, resourceful and academic.All sources accurately cited in the text. A comprehensive reference list in Harvard Style is provided.Class II/i(Very Good Quality)60-69%Directly relevant to title. Addresses some of the implications of the issues addressed by the title.Demonstrates a sound knowledge of theory and practice for this level. Manipulates and transfers some material to demonstrate a clear grasp of the themes, questions and issues.Uses appropriate arguments or theoretical models. Clear and valid discussion of the material. Clear, logical conclusions.For the most part coherently articulated and logically constructed. An appropriate format is used.The presentational style & layout is correct for the type of assignment. Effective inclusion of FTP.Well written withstandard spelling and grammar. Style is clear and academic.All sources accurately cited in the text and an appropriate reference list in Harvard Style is provided.Class II/ii(Good Quality)50-59%Generally addresses the title and its implications, but sometimes addresses irrelevant issues.Demonstrates an adequate knowledge of theory and practice for this level, with evidence of an appreciation of its significance.Provides a partly coherent argument, but lacking clear focus and consistency in places. Some issues lack clarity, or theoretical models expressed in simplistic terms. Conclusions are fairly clear and logical.Adequate attempt at articulation and logical structure. An acceptable format is used.The presentational style & layout is correct for the type of assignment. Inclusion of FTP but lacks selectivity.Competently written with minor lapses in spelling and grammar. Style is readable and mainly academic.Most sources accurately cited in the text and an appropriate reference list in Harvard Style is provided.Class III(Satisfactory Quality)40-49%Some degree of irrelevance to the title. Superficial consideration of the issues.Demonstrates limited knowledge of theory and practice for this level, with intermittent evidence of an appreciation of its significance.A basic argument is evident but lacks clarity and coherence.Issues are only vaguely stated. Conclusions are not always clear or logical.Some attempt at articulation and logical structure. An acceptable format is used.The presentational style & layout is largely correct for the type of assignment. Inappropriate use of FTP or not used where clearly needed to aid understanding.Generally competent writing although intermittent lapses in grammar and spelling pose obstacles for the reader. Style limits communication and tends not to be academic.Some relevant sources cited. Some weaknesses in referencing technique.Borderline Fail35-39%Some significant degree of irrelevance to the title is common. Only the most obvious issues are addressed at a superficial level and in unchallenging terms.Demonstrates weaknesses in knowledge of theory and practice for this level, with little evidence of an appreciation of its significance.Limited argument, which lacks clarity in places. Conclusions are neither clear nor logical.Poorly structured. Lack of articulation. Format deficient.For the type of assignment the presentational style &/or layout is lacking. FTP ignored in text or not used where clearly needed.Deficiencies in spelling and grammar make reading difficult. Simplistic or repetitious style impairs clarity.Limited sources and weak referencing.Fail

QUALITY: 100% ORIGINAL PAPER – NO PLAGIARISM – CUSTOM PAPER

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