Final Review

Vocabulary

100

What is rate of decay?

is the percentage or decimal that tells how much the value drops each time period

200

What is expected value?

value that is most likely the result after long time

300

What is the growth factor? a(1+r)t

1+r

400

What is fair game?

The expected value is zero

500

What is Gambler's Fallacy?

THe mistaken belief that if something happens more or less often than normal in the past, it will happen less or more often in teh future

Exponential equations

100

2⁴

16

200

what is 3^x=27, what is x

3

300

5(2)² exponential growth or decay?

growth

400

the population of a town doubles every 5 years. If it starts at 1,000, what will it be in 15 years?

8,000

500

decay will be 20%, the polutaion starts at 1,112, what will it be in 4 years?

455

B2B

100

Is this growth or decay? 1000(0.27)^t

decay

200

What is 0.125 in fraction form?

1/8

300

ML +3981, how much would you win if you bet $150?

$5971.5

400

What is one Break Even Formula

100/(100/odds+1)

or

100/(odds/100+1)

500

If I roll 3 heads in a row, is heads less likely to happen again than normal?

NO

Sport

100

What moves are in volleyball? at least 3

serving, passing, setting, spiking, blocking, and digging

200

In what sport do players aim to score goals on ice with sticks and a puck?

hockey

300

This soccer player is famous for winning the Ballon d'Or 8 times.

Lionel Messi

400

What country has won the most gold medals in Olympic gymnastics?

United States

500

This sport combines skiing and shooting.

biathlon