Statistics and Finance Concepts Quiz

What is the z-score of a data point that is 2 standard deviations above the mean?

• 0

• 1

• 2

• -2

If you invest $1000 at a simple interest rate of 5% per annum, how much interest will you earn after 3 years?

• $150

• $300

• $500

• $600

What is the formula for compound interest?

Calculate the future value of an investment of $2000 compounded annually at an interest rate of 4% for 5 years.

• $2400

• $2433.28

• $2500

• $2600

What is the present value of $5000 to be received in 3 years if the discount rate is 6%?

• $4200.00

• $4450.00

• $4713.48

• $5000.00

What does APY stand for in financial terms?

• Annual Percentage Yield

• Annual Payment Yield

• Annual Profit Yield

• Annual Principal Yield

If the first term of an arithmetic sequence is 3 and the common difference is 5, what is the 10th term?

• 48

• 50

• 53

• 55

Which of the following is the formula for the nth term of an arithmetic sequence?

If the APY of a savings account is 3.5%, what is the effective annual rate?

• 3.5%

• 3.45%

• 3.55%

• 3.6%

What is the z-score of a data point that is 1.5 standard deviations below the mean?

• 1.5

• -1.5

• 0

• 1