Financial Literacy Quiz

Your income before all taxes are deducted is your disposable income.

• True

• False

A discretionary expense is one that can't be eliminated from your day-to-day life.

• True

• False

When considering measures of central tendency, the presence of outliers would indicate that the mean may not be a good measure of central tendency.

• True

• False

Tags

CCSS.6.SP.B.5D

CCSS.HSS.ID.A.2

When a correlation coefficient is near 1, there is little or no correlation between corresponding variables.

• True

• False

Tags

CCSS.HSS.ID.B.5

If a collection of data does not have any values that occur more than once, it is considered bimodal.

• True

• False

Tags

CCSS.6.SP.A.3

The equation of the linear regression line of the scatter plot defined by these points: (1, 45), (2, 35), (3, 20), (4, 5) is y = -13.5x + 60.

• True

• False

Tags

CCSS.8.EE.B.5

A scatter plot is graphed with the time it takes a child to get dressed in the morning on the vertical axis, and the child's age in years on the horizontal axis. The graph shows a negative correlation because the time decreases as the age of the child increases.

• True

• False

Tags

CCSS.HSS.ID.B.5

Rebecca will be entering college next fall and is trying to decide how much to spend on a laptop. After researching models online, she has found several that would meet her needs. Their costs are: $979; $1,349; $1,279; $1,349; $1,899; $2,049; $875; and $1,099. She determined the median to be $1,359.

• True

• False

Tags

CCSS.6.SP.B.5C

A frequency distribution is a table that displays each possible value and the number of times that value occurs.

• True

• False

Sigma notation for determining the mean of 15 values is .

• True

• False

Tags

CCSS.HSA.SSE.B.4