Ethics and Professional skills module unit 7

@Brenners100 - Thank you for the feedback Brenda - that's really good to know!

Dear sir, I'm stuck in "how much additional profit would be generated across the railway network if $250000 were spent on automatic ticket barrier investment?" question. I used the multiple regression equation and multiplied the X3 with 250,000, also tried other approaches but didn't get the answer. Could you tell what is wrong with my calculation? Thanks in advance.

@Anupamsar - welcome to my forum - but for your own professional development you should work it out for yourself. If you look at the posts preceding yours on this page you will see that students can and have completed this module, with the "tips" in this thread.. This thread now has 4 pages (this is the 4th page) - but it should not take you long to glance through for the information that will be most valuable to you: https://opentuition.com/topic/ethics-and-professional-skills-module-unit-7 https://opentuition.com/topic/ethics-and-professional-skills-module-unit-7/2 https://opentuition.com/topic/ethics-and-professional-skills-module-unit-7/3

Hi Kim, For question 1, I am having $46,719 however, its being marked as incorrect. I did the following: Y= -63,964.30+35243+6093.71+34008.669+35337.92

@A.Persaud - welcome to my forum - that is indeed incorrect. Please start with my posts on the first page of this thread https://opentuition.com/topic/ethics-and-professional-skills-module-unit-7 You will see that reading this carefully provides students with the means to get the correct answer.

can anyone assist with this section?

@sohanidevi - look through the posts on this thread which start here https://opentuition.com/topic/ethics-and-professional-skills-module-unit-7 and you will find all the information you need to complete the module (short of the answers themselves - that wouldn't be ethical!)

Hie Sir please can you help me how l can tackle question 3 of Unit 7 which says. How much additional profit will be generated if $250000 were spent on automated ticket barrier investment? l have tried and tried still l am struggling please help

@2530190miles - welcome to my forum - if you read my post immediately preceding yours it directs you to a thread that will help you.

(63,964.58) 150 35,243.50 15000 6,093.71 250000 283,405.58 3.00 35,337.92 Sum 296,116.13 I got the above for sales profit = Sales ticket - spent 46,116.13 additional profit 46,116.13 - 16,719.22 = 29,396.91 but this is not the answer... can pls guide where is wrong?

Your sum for additional revenue is wrong because there shouldn't be a 250k in it (check what it should be). Additional revenue = additional profit (because there is no variable cost of sale) so it is the amount of investment that you need to deduct. This is all explained earlier in the thread if you look at my earlier posts (which start on this page https://opentuition.com/topic/ethics-and-professional-skills-module-unit-7).

Hi Kim Sorry if i am missing the obvious here but i tried this: =(-63965)+235*150+0*15000+1*30000+11779*3 is this also wrong? because it still shows as incorrect answer Thanks *Edit - Got it in the end

Hi, I also have a problem with Unit 7 end of unit quiz. can you help please? I tried the formula given but still got the answer wrong My formula is : =-63965+(150*235)+(15000*0)+(30000*1)+(3*11779)

i also tried it without rounding the x variables but it was the wrong answer also. with regards to regression, i also tried adding the values it gave us in the question, 150, 150000, 30000 and 3 but i am not sure I should add them. Anyway, the answer was wrong too.

If you make the calculations in the spreadsheet WITHOUT roundings you should all have the correct answer. If you are rounding coefficients to 235, 0 and 1, that will introduce something like 10,000 of rounding difference!

Hi, thank you so much for your reply. I tried it without rounding and it gave me the wrong answer again 46719. Should i add the figures it gave us(150, 15000, 30000 and 3) to the table and redo the regression again? or am i missing something? Liz

Liz - your calculation is with spend of $30k? Does the Q not ask for ADDITIONAL profit (= revenue in this case) with additional spend of $250k?

Hi Kim, Using the spreadsheet to do the calculation, I have re read the unit, worked the example, read your threads on the problem and still don't know how I can have identified the wrong variables or applied them incorrectly? There's no rounding, I've done it within the spreadsheet, and I'm still incorrect?

I also did the same thing but still facing this issue please help us kim

Hmmmm @slb1979 and @ABDIRABMAN - if this is the Q which asks for "predicted ticket sales with the following data" according to my historic information you are deriving the correct answer. If you are inputting it in the specified format (no , separator or decimal points) you should be correct. I am wondering if there is something wrong in the module since it was recently changed (as so many people seem to not be able to get it correct now). I think you need to contact ACCA directly https://www.accaglobal.com/gb/en/footer-toolbar/contact-us.html Although I have access to the module I don't have time to go through it in entirety to get to the end and see if I can replicate the issue.

Thank you, I will raise it with ACCA

Dear Kim, I can't neither get my head around the Q1 in Unit 7. I revisited the whole thread and the tutorial example but still have an issue here. I tried the calculation both with rounding (Y=-63965+235*X1+0*X2+1*X3+11779*X4) and without rounding (Y=-63964,5762...+234,9566...*X1+0,4062...*X2+1,1336...*X3+11779,3077...*X4) and it gave in both cases the wrong answer again (36622 or 46719). The variables are simply derived from the task as follows: X1 - Distance from Capital City = 150 X2 - Population per town = 15000 X3 - Barrier spend = 30000 X4 - Socio economic profile = 3 Could you please help? I would be very grateful for any hint which direction I should follow?

@nmisch - as I suggested to slb1979, please contact ACCA directly https://forms.accaglobal.com/contact-us - the more queries the relevant department receives, the more likely the matter will receive attention.

Got it, thank you. I will reach out to them as well.

And don't post an answer - but do please let me/this forum know if the matter is satisfactority resolved.

Hi, I am stuck on this question too, would you please explain without answering? I want to know where is the mistake

@galaxy1998 please contact ACCA directly as I have advised others ... see last post on previous page (4 of 5).

hi, for q1 of unit 7 we need to round the answer to the nearest hundred

Q1and Q2 need to be rounded to the nearest 100. Q4 needs rounding to the nearest 10. This is not specified in the question but does return the correct answers.

Thanks for your comments! It helps me to figure out the answer