STATS
FINANCE
MATRICES
NETWORKS
EXAM HACKS
100

What is the median?

3, 10, 4, 7, 12

7

100

12% pa compounding quarterly = ____%p.quarter

3%

100

a 2x3 is multiplied by a 3x 4 ..... what is the order of the answer?

2x4

100

What is another name for a vertex in a network diagram?

Node

100

Which Exam is first? Multi or Short Answer

Multi

200

A dataset is positively skewed. Which is larger: the mean or the median?

Median

200

3%pa compounding monthly gives an effective rate of ..... (2dp)

3.04%

200


the Transpose of;

2.    3.    4

3.     4.    5.         

is .... 

2.   3

3.   4

4.   5

200

Does a loop count as degree 1 or 2? .... and why is this often confused?


2 .... counts as one in Adjacency matrix

200

How many Multi Questions are on Exam 1?

40

300

A sample has mean 25 and standard deviation 4. What % of scores less than 29?

84%

300


If V0 is 5 and  .... Vn+1 = 2n -3

the V3 is

19

300


If Matrix A is a 2x2 and it follows the rule, ai,j = 2i - j

what is A?

1.   0

3.   2

300

A delivery truck must visit multiple locations and return to the start. What type of network problem is this?

Hamiltonian Cycle

300

How many marks are available on Exam 2?

60

400

A dataset has mean 30 and standard deviation 7.

You got 40. What is your Z-Score correct to 2dp?

1.43

400

How much is in your account after 1 year if you invest $1000 and 5%pa compounding weekly?

$1051.25

400


A population starts with 80 cats and 20 dogs. Transition matrix is 

0.7   0.2

0.3.  0.8

How many cats next year?

60

400

A network of 10 vertices all connected to each other. How many edges does it have?

45

400

Which type of multi questions should you start reading from the bottom?

Checkers!

500

Summer has a seasonal index of 1.2 .... how do I correct this for seasonality?

decrease by 16.7%

500

You loan $100,000 at 5%pa making fortnightly repayments of $1000. How many fortnights to pay it off?

112

500

600 people travel between 3 islands based on the following transition matrix;

0.2.    0.8.     .5

0.6.    0.1.     .5

0.2.    0.1.      0

Which island ends up least popular?

the last one .... C or 3

500

You have 2 minutes to complete this question .... NO NOTES

A company has 3 workers (A, B, C) and 3 jobs (1, 2, 3). The cost matrix (in dollars) is:

5      9     1

10    3.    2

8.     7.    4  

Determine the minimum cost to complete all jobs

$12 

500

Why do you get a score out of 120 for Exam 2 ..... even though it is only out of 60?

It's marked twice!