Modeling
Finance
Probability
Statistics
Random
100

Given the data below, what is the independent variable?

Texting time (minutes)            5      8       7      12   

Length of a class (minutes)     50    70    100   160   

Length of a class

100

David invests $5000 in an account that pays simple interest of 2% each year. How much interest is earned after 10 years? 

$1000

100

Emma flips a fair coin 5 times. Find the probability that the first outcome is a head and the rest outcomes are tails. 

0.55= about .03 or 3%

100

Find the mean for the given data set {65, 70, 75, 80, 80}.

74

100

An experiment consists of rolling a six-sided die once. What is the probability that the outcome is less than 4 knowing that it is less than or equal to 5? 


3/5 =.6 (Outcome is LESS than 4 and we know it is out of 1 through 5 )

200

The following points represent which growth type? (Linear, Exponential, quadratic, logarithmic, none of the above)

(0,4)       (1,12)        (2,36)       (3,108)        (4,324)

Bonus: What is the equation?

Exponential

(Multiplying by 3 each time)

y=4*3x

200

Assume that an investment of $1000 earns an APR of 2% compounded monthly for 30 months. How much money is in your account after 30 months

$1051.23

200

There are 1 red, 2 green, and 3 yellow balls in a bag. Find the probability of drawing a red or green ball from the bag.

3/6 or .5 or 50%

200

Find the third quartile given the data set {3, 0, 9, 3, 8, 1, 2, 5, 0, 1}

5

0,0,1,1,2,3,3,5,8,9 and 2.5 is the median.

200

A recent study found that 78% of college students purchased their textbooks online. If three college students are randomly selected, what is the probability that ALL three purchased their textbooks online?

(.78)3=.47

300

Write an equation to represent the data:

(1,9)

(2,11)

(3,13)

(4,15)

y=2x+7

300

To buy a car, you borrow $24,000 with a term of five years at an APR of 6%. 

What is your monthly payment? 

$463.99

300

An experiment consists of rolling a fair six-sided die twice. What is the probability that an experiment results in a sum of 6? 

5/36 or about 13.9%

300

The weights of apples in the fall harvest are normally distributed, with a mean weight of 200 grams and standard deviation of 8 grams. How many apples are above 216 grams?

2.5%

(95% of data is between 2 standard deviations with 2.5% on either side)

300

What is the probability that an experiment (one roll of a die) results in a number that is less than or equal to 6? 

1 or 100%

400

Initially, a population is 5000, and it grows by 2% each year. Determine the population size after 5 years. 

5520 people

400

If the starting annual salary for a job is $50,000 and it increases 1% every year from the previous year, how long will it take for the salary to be $60,000? 

A little over 18 years
400

Suppose you draw a card, put it back in the deck, and draw another card. 

What is the probability that the first card is a Queen (Q) and the second one is a King (K)? 

16/2704 or 1/169 or .00591716 or about 0.59%

400

 Find the standard deviation for the data set {1, 4, 3, 0, 4, 1, 2, 1, 2, 2}. (round to 2 decimal places)

about 1.26

400

Eric was charged $65 for a family dinner at a restaurant. He calculated and found the bill was $60 before tax. Find the tax rate (as a percent). 

8.3%

500

What is the growth rate for the following (year, population) data points?

(1970, 9000)

(1980, 15000)

1.0524

500

The gas price was $0.32 per gallon in a U.S. city in 1970. How much was the price in 2010 dollars if the inflation rate from 1970 to 2010 was 450%? 

$1.76

(Multiply $0.32 by 5.5, which is 4.5 +1)

500

Given the data below, what is the probability that a respondent would text while driving given that the respondent is female? (two-way table below)

             Texting while driving      Never texting while Driving

Female       450                                  300

Male           550                                  400

450/750 or 45/75 or .6 or 60%

500

The weights of apples in the fall harvest are normally distributed, with a mean weight of 200 grams and standard deviation of 8 grams. In a supply of 8000 apples, how many will weigh between 192 and 208?

5440 Apples (68% of the data will fall within 1 standard deviation from the mean)

500

A regular deposit is $300 per month that pays an APR of 2%. What is the balance after 10 years? 

$39,815.90