QUIZ: Ch. 4.1 - 4.3 (Math for Finance)

Match the following

• Quartiles

• Data points that are designed to represent typical values.

• Upper Quartile

• Represents the highest 25% of data values.

• Measures of Central Tendency

• The difference between the upper and lower quartiles.

• Interquartile Range

• Three values represented by Q₁, Q₂, and Q₃.

• Lower Quartile

• Represents the bottom 25% of data values.

Definition: Extreme values in a data set are often referred to as an _______. (*Hint, it starts with a vowel, and there's no 'a' in the spelling)

[Ch. 4.1 Notes, Question #4] What letter is used to represent "thousands"? For example, a $25,000 vehicle could be listed for sale at $25_

Tags

CCSS.4.NBT.A.2

[Ch. 4.1 Notes, Question #6] What is the sales tax in Clay County, Florida? (*The Florida state tax, PLUS the extra tax from Clay County)

Tags

CCSS.6.RP.A.3C

[Ch. 4.1 Notes, Question #7] Why would you need to know the sales tax when buying a vehicle?

• To calculate how much the State is robbing you.

• To calculate the total cost of the vehicle and determine the final price you pay.
• To calculate how much you can save on the purchase of a vehicle.

Tags

CCSS.7.RP.A.3

Your dad wants to surprise your mom with a brand new vehicle.

He decides to go with the Lamborghini Urus, which is valued at $240K and comes with a State sales tax at 5.5%. Registration fees are $95, the car title fee is $125, and the dealer fee is $795. Excluding the price of the car, how much are all of the extra charges on the SUV?

Tags

CCSS.6.RP.A.3D

The Box and Whisker Plot represents the price of vehicles being driven by juniors and seniors at a local high school. The 5 points represent the MINIMUM, Q1, Q2, Q3, and MAXIMUM.

What is the value of Q₁?

The Box and Whisker Plot represents the price of vehicles being driven by juniors and seniors at a local high school. The 5 points represent the MINIMUM, Q1, Q2, Q3, and MAXIMUM.

What is the value of Q₂?

The Box and Whisker Plot represents the price of vehicles being driven by juniors and seniors at a local high school. The 5 points represent the MINIMUM, Q1, Q2, Q3, and MAXIMUM.

What is the value of Q₃?