Math of Finance Spring Midterm Review

A car traveling at an average rate of 60 miles per hour will drive 270 miles in 4 hours.

• True

• False

Tags

CCSS.HSF-LE.A.1B

Victor found 5 cars online that he is going to go and see. The prices of the cars are: $5,000, $4,500, $5,500, $3,999, and $4,999. The median car price is $4,799.60.

• True

• False

Pamela called 9 repair shops for quotes for auto repairs. The prices are $139, $150, $345, $99, $167, $155, $140, $200, and $160. She calculates to find there are no outliers in the data.

• True

• False

A lease is a written agreement between a bank and a borrower.

• True

• False

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Mrs. Beluga is driving on a snow covered road with a drag factor of 0.2. She brakes suddenly for a deer. The tires leave a yaw mark with a 52-foot chord and a middle ornate of 6 feet. What is the minimum speed she could have been going?

• 13.3 mph

• 23.6 mph

• 30.2 mph

• 46.3 mph

Tags

CCSS.HSG.C.A.2

Tonya wants to place an advertisement in a local newspaper to sell her car. This piecewise function shows the cost of the advertisement given that x equals the number of lines.

If the advertisement she wants to place will be 7 lines, how much will the paper charge her?

• $32.50

• $29.00

• $26.50

• $22.00

Marcia wants to get a new car stereo. She researches the cost with a variety of local car stereo installers and places her findings in a stem-and-leaf plot.

What is the median price?

• $110

• $115

• $119

• $120

Saheel has $20,000 property damage insurance and $5,000 comprehensive and collision insurance with a $500 deductible. One evening he slides on a patch of ice and hits a parked car, causing $4,500 worth of damage. The accident causes $1,750 of damage to his own car. How much will the insurance pay to fix both cars?

• $5,750

• $6,250

• $8,250

• $24,500

Tags

CCSS.7.EE.B.3

Tony shops around for a new muffler for his car and gets these estimates:

$145, $195, $150, $135, $169, $210, and $160. What are the four quartiles?

• Q₁=$145, Q₂=$160, Q₃=$195, Q₄=$210

• Q₁=$135, Q₂=$145, Q₃=$195, Q₄=$210

• Q₁=$145, Q₂=$150, Q₃=$169, Q₄=$210

• Q₁=$135, Q₂=$160, Q₃=$195, Q₄=$210

Cherie pays her car insurance monthly. Her annual premium is $984. Each month she is charged a $2 convenience fee. If her annual premium is divided equally into twelve month payments, how much is her monthly insurance payment?

• $94

• $92

• $84

• $82

Tags

CCSS.7.EE.B.3