Definitions
Bivariate Data Analysis
Financial Mathematics
Sequences
Everything Else (Lucky Dip)
100

Define a planar graph.

A graph with no edges cross each other.

100

Which variable is plotted on the x axis?

Explanatory variable. 

100

What is the perpetuity formula?

A = M/i

100

Decide whether this pattern is arithmetic or geometric:

4, 5.58, 7.16, 8.74, 10.32

Bonus [100] if you give the common ratio/difference.

Arithmetic

common difference = 1.58

100

In a critical path network, what information is placed along the edges?

Activity name/letter

Activity duration

Arrows

200

What is a confounding variable?

A variable is another variable that has a similar effect on the response variable.

200

Identify the value of A and B in this least squares regression line:

y = 3.56x + 21.4

A = 21.4

B = 3.56

200

Write this reducing balance loan as a recurrence relation:

A $450 000 loan is taken at 7.2% p.a. compounding monthly with monthly payments of $850.

A(n+1) = 1.006*An - 850, A0 = 450000

200
A ticket service charges $5 booking fee 

$25 for every ticket bought in the booking. 

Show this as a mathematical model.

Determine the cost of a 10 tickets

t(n) = 5 + 25n

let  n = 10

t(10) = 5 + 25(10)

t(10) = 255

200

Using diagram, identify a:

Eulerian Trail [100]

Semi-Hamiltonian Path [100]

Eulerian Trail = A>B>D>E>F>D>C>A

Semi-Hamiltonian = B>A>C>D>F>E

300

Explain compounding periods. 

Compounding periods are the number of times in a year that compound interest is earnt. For example, if compounding monthly, there are 12 compounding periods.

300

Determine the least squares regression line for the following data * Must show equation*

Rainfall (cm)         14    12    20    24    29

Number of Plants  45    41    49    56     64

Use the equation to predict number of plants with 16 cm of rainfall

y = 1.2856x + 25.5457

let x = 16

y=1.2856 (16) + 25.5457

y=46.1153

300

Determine the effective interest rate for an investment if 8.56% p.a. compounding quarterly.


i(effective) = 0.0884

= 8.84%

300

In a geometric sequence, explain how to find the value of r when:

There is a percentage increase

There is percentage decrease

increase = 1 + % (as decimal)

decrease = 1 - % (as decimal)


300

What is the local time in New York (UTC-5) if it is 8 am Monday in Auckland (UTC +12)

New York is 17 hours behind Auckland

3pm Sunday in New York.

400

Define a Semi-Hamiltonian Path.

Start and Stops at different vertex and visit each vertex in the network only once. 

400

Predict the amount of fat (y) in a burger when there is 20 grams of protein (x) using the summary statistics:

r = 0.83   sx=14.0 g   (x bar) = 17.2 g

               sy=16.4 g   (y bar) = 23.5 g

y=0.9723x + 6.7764

let x = 20

y=0.9723(20) + 6.7764

y=26.2224 g fat

400

How much money must be invested to arrange a perpetuity that pays $5000 every quarter at 4.8% p.a.

A = 5000/(0.048/4)

A = $416666.67

Approx = $416667.00

400

A state forest is used for logging and in a particular block there are 2000 mature trees. Each year the state allows for a set amount of trees to be logged. After the first 3 years a total of 1440 trees were removed. Determine how many more years the plot can be logged before there are no more trees

1 year = 480 trees

year 3 = 1440 trees

Y4 = 1440 - 480 = 960

Y5 = 960 - 480 =480

Y6 = 480 - 480 = 0

Therefore there are another 3 years before all the trees are logged over a 6 year period.

400

Using the table: 

Construct a project network and identify the critical path using forward and backward scanning. Times shown are in minutes

Activity         A    B     C    D    E            F

Duration       5    4     7     2    9            10

Prerequisite   -    A     A    A    B, C, D    E

                   --B,4->

0/0-A,5->5/5--C,7->12/12-E,9->21/21-F,10->31/31

                   --D,2->

Critical Path = A, C, E, F

Minimum completion time = 31 minutes


500

Explain float time and provide a formula.

How much time a non-critical activity can be delayed before it impacts the critical path. It is calculate by

FT = LST-EST-AT

500
A bivariate analysis of data found the Pearson Correlation value to be -0.81.

Describe the direction and strength of the relationship. 

Using mathematical evidence, justify whether using a linear model is suitable. 

Direction = negative

Strength = moderate/strong

The coefficient of determination (r2) is used to explain how much of the data can be represented by the line of best fit. r2 = 0.6561 this means 65.61% of the data is explained by the line of best fit. Although a strong correlation, a linear model may not be as suitable for this data set.

500

Determine the monthly repayments for a $850 000 home loan that has 3.12% p.a. compounding fortnightly for 30 years.  

M= $1678.77

500

A lab is testing a new strand of antibiotics. The petri dish covered in bacteria has an area of 21 cm^2. After the first hour the area covered in bacteria was observed to be 16.8 cm^2 and after the second hour it was 13.44 cm^2. 

The lab will deem the antibiotics effective if it can reduce the area to less than 2 cm^ in 10 hours. 

Evaluate whether the antibiotics is effective.

r = 1-0.2 = 0.8

T(0) = 21, T(n+1)= 21 * 0.8^(n-1)

At n=10 hours t(10) = 2.82 cm^2 

therefore this is greater than 2 cm^2 and would mean the antibiotics is not effective.

500

Town A (149°E, 28°S) is due west from Town B (153°E, 28°S).

Town C (153°E, 26°S) is due north of Town B. If you live in Town A and the only way to Town C is via Town B, determine the total distance to the nearest kilometre.

Total = 201.24 + 222.4

Total = 423.64

Total = 424 km