Exam 1 Review

Things to Memorize

100

What is the Quadratic Revenue Model equation?

R=pq

200

How do you get Profit?

Revenue - Cost

300

What is the Vertex Formula? 

x=-b/(2a)

400

What does log_bx^r the same as? 

r*log_bx

Arithmetic and Geometric

100

What is a Arithmetic Sequence? 

Adding and Subtracting by the same number

200

What is a Geometric Sequence?

Multiplying and Dividing by the same number 

300

What is S_n? 

S_n is the sum of the sequence

400

Is this a Arithmetic Sequence, Geometric Sequence, or neither? And what is it increasing/decreasing by? 

4, 4.8, 5.76, 6.912

Geometric Sequence 

1.2

Problem Solving

100

Is there a shortage or surplus in the market based upon the equations given and the fact that there are 60 units in the market. 

Demand: p=-15q+350

Supply: q=8p+100

Surplus

200

Find the SSE of these numbers, and SSE^2. 

x    y    y₂

1    3    8

3    7    10

6    15    12

SSE = 5, 3, -3

SSE²= 25, 9, 9

300

A town has a population of 5,000 people. After 15 years the population grows to 12,000 people. How many years will it take for the population to reach 32,000 people?

32 years (31.78 years)

400

A bakery sells a new type of cookie. One month they charged $5 a cookie and sold 40 cookies. The next month they charged $3 a cookie and sold 100 cookies. Their oven can only bake 80 cookies at a time. What price should they set to be exactly 80 cookies? 

m=-1/30

p=-1/30q+19/3

Plug 80 in for p 

$3.67 per cookie

Definitions

100

What is supply and demand? And what do they describe? 

Supply and Demand: the amount of product available and the desire of buyers for it. 

Supply and Demand describe the relationship between price and cost of goods. 

200

What is the demand equation? 

Any equation describing the relationship between p and q. 

300

What is equilibrium price? And is there a surplus or shortage at equilibrium? 

The point in a supply-demand relationship where supply and demand are equal. 

There is no surplus or shortage at equilibrium. 

400

What are inverse functions? Give an example. 

An inverse function is an equation that undoes something (is the opposite of the other equation)

f(x)=2x

f^-1(x)=1/2x

Things you Should Know

100

What section are you in? What is your TA's name? 

Section 3/8 

Megan 

200

Can you use a graphing calculator during the exam? 

No, you cannot use any calculator that can graph or connect to the internet. 

300

How long is your MavPass Exam review? 

2 hours

(Go to it they have different questions then the TA's) 

400

What happens if you miss the exam? 

Make up time is Monday September 22^nd at 4:00. 

If you miss that, you have to stand in font of all the TA's plus Jimmy and they get to ask you any question and you must verbally give the answer.