Finance Algebra Weekly Quiz 4/20/2020

Use the formula: Family Debt + (number of children × total cost of college) + (10 × annual income) = amount of insurance.

Alex needs to choose a life insurance policy and is trying to decide how much insurance to purchase. He is married with 4 children that he would like to make sure can go to four years of college. He currently is earning $84,500 a year and has a total debt burden of $250,000. If it would cost $8,500 a year for his children to attend the local state college. Rounded up to the next hundred thousand, how much insurance should Alex purchase?

• $1,129,000

• $1,300.000

• $1,231,000.

• $1,200,000.

Use the formula: Family Debt + (number of children × total cost of college) + (10 × annual income) = amount of insurance.

Mark needs to choose a life insurance policy and is trying to decide how much insurance to purchase. He is married with 2 children that he would like to make sure can go to four years of college. He currently is earning $125,500 a year and has a total debt burden of $550,000. If it would cost $12,000 a year for his children to attend the local state college. Rounded up to the next hundred thousand, how much insurance should Mark purchase?

• $2,000,000.

• $1,901,000

• $1,900,000

• $1,824,000

Use the formula: Family Debt + (number of children × total cost of college) + (10 × annual income) = amount of insurance.

Jenna needs to choose a life insurance policy and is trying to decide how much insurance to purchase. She is a single parent with 3 children that she would like to make sure can go to four years of college. She currently is earning $75,500 a year and has a total debt burden of $150,000. If it would cost $10,000 a year for her children to attend the local state college. Rounded up to the next hundred thousand, how much insurance should Jenna purchase?

• $1,000,000

• $1,025,000.

• $935,000

• $1,100,000.

6. Ana wants to know the average student’s opinion of the tardy policy at her school. Which group of students should she survey in order to achieve the most accurate results?

• A. Thirty randomly selected students from her school
• B. Thirty students who are rarely tardy
• thirty of her friends

7. The choir director in a high school wants to know how the students in the school feel about singing. If the director selects 100 girls and 100 boys to complete a survey, which method will result in a biased sample?

• A. The students will be selected from the choir.
• B. The students will be selected randomly throughout the school.

7. The choir director in a high school wants to know how the students in the school feel about singing. If the director selects 100 girls and 100 boys to complete a survey, which method will result in a biased sample?

• A. The students will be selected from the choir.
• B. The students will be selected randomly throughout the school.

Determine if the following study is biased.

To see who has a computer at home the front office asks 10 randomly chosen students from each grade.

• Biased

• Unbiased

Determine if the following study is biased.

The first 100 people at the park Thursday were asked if dogs should be off leashes in the park.

• Biased

• Unbiased

Why do we randomly select our samples?

• to control every aspect
• reduce bias
• so we don't get the same answers from everyone
• because it is easier to do

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• Quizizz

• Khan

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