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Worksheets

Fall semester 2022 review

Total questions: 82

Worksheet time: 4hrs 37mins

Name
Class
Date
1.
What is the total number of students speaking different languages?
a)
20
b)
25
c)
50
d)
100
2.
What is the relative frequency of students speaking Spanish?
a)
16%
b)
12%
c)
24%
d)
48%
3.
What is the relative frequency of students speaking Vietnamese?
a)
8%
b)
100%
c)
4%
d)
16%
4.
What is the total number of animals at the refuge?
a)
20
b)
25
c)
50
d)
100
5.
What is the relative frequency of cheetahs at the refuge?
a)
25%
b)
20%
c)
16%
d)
100%
6.
What is the relative frequency of tigers at the refuge?
a)
110%
b)
10%
c)
30%
d)
100%
7.
How many people purchased no food and no drink?
a)
60
b)
10
c)
20
d)
200
8.
What percent of the total population surveyed were electrical engineers that like math?
a)
33.9%
b)
48.6%
c)
16.5%
d)
21.7%
9.
What percentage of the students were boys?
a)
20%
b)
25%
c)
40%
d)
50%
10.
What is the second step when calculating the Mean Absolute Deviation?
a)
Find the distance each value is from the mean
b)
Find the mean of the distances
c)
Find the mean of the data
11.
What is the third step when calculating the Mean Absolute Deviation?
a)
Find the distance each value is from the mean
b)
Find the mean of the distances
c)
Find the mean of the data
12.
What is another word for average?
a)
Mean
b)
Median
c)
Mode
d)
Range
13.
Which of the following is the mean absolute deviation for the set of data?
2.50 3.75 1.25 2.25 3.00
a)
3.3
b)
0.66
c)
2.50
d)
2.55
14.
What is the mean of this data set?
6, 7, 2, 1, 5, 2, 1, 6
a)
24.75
b)
3
c)
3.7
d)
3.8
15.
Find the MAD of the following data sets: $29, $58, $15, $129, $75, $22
a)
196
b)
54.7
c)
114
d)
32.67
16.
Find the Mean Absolute Deviation:  5, 11, 2, 7, 16.  The Mean is 8.2 
a)
3.2
b)
2.8
c)
1.2
d)
4.2
17.
An amusement park recorded the ages of the first ten people to ride a new attraction. The ages were as follows: 11, 34, 16, 18, 22, 30, 18, 20, 15, and 16. What is the mean absolute deviation of this data set? 
a)
20
b)
5.2
c)
18
d)
4.8
18.
The number of miles that Jenna cycled each week for a 7-week period is shown: 
36, 42, 28, 52, 48, 36, 31 
What is the median number of miles Jenna cycled?
a)
24
b)
36
c)
39
d)
52
19.
What kind of correlation?
a)
Positive
b)
Negative
c)
No
20.
What kind of correlation?
a)
Positive
b)
Negative
c)
No
21.
What kind of correlation?
a)
Positive
b)
Negative
c)
No
22.

Estimate the correlation coefficient for this scatterplot.

a)

A) r = -0.9

b)

B) r = 1

c)

C) r = 0.9

d)

D) r = -1

23.

Describe the relationship between the variables.

a)

A) Weak positive correlation

b)

B) Weak negative correlation

c)

C) Strong positive correlation

d)

D) Strong negative correlation

24.
r=-0.89
a)
Strong positive 
b)
Weak positive 
c)
Strong negative 
d)
Weak negative 
25.
Describe the relationship between the variables.
a)
Strong positive correlation
b)
Weak positive correlation
c)
Strong negative correlation
d)
Weak negative correlation
26.
Determine the Correlation Coefficient and decide whether it is weak, moderate, or strong.
a)
0.07 weak
b)
-0.26 weak
c)
-0.26 moderate
d)
0.07 strong
27.

Which value below could be the correlation of the scatterplot?

a)

-0.923

b)

-0.478

c)

0.006

d)

0.777

28.

Which graph represents data that has a correlation coefficient close to -1?

a)
b)
c)
d)
29.

Is r = -0.87 strong, moderate, or weak?

a)

strong

b)

moderate

c)

weak

30.

To take money out of your account means:

a)

deposit

b)

withdraw

31.

When you withdraw money, your balance:

a)

increases

b)

decreases

32.

To put money into your account means:

a)

withdraw

b)

deposit

33.

When you deposit money, your balance:

a)

increases

b)

decreases

34.

A record of your checking account transactions is called a ___________________.

a)

checking account

b)

electronic funds transfer

c)

credit union

d)

check register

35.

When you __________ items, that means you make them agree.

a)

sign

b)

endorse

c)

deposit

d)

reconcile

36.

A _____________ is a card that you can use to withdraw money directly from your checking account.

a)

gift card

b)

credit card

c)

debit card

d)

prepaid card

37.

Statement period

a)

Dates on a bank statement indicate the date of each transaction occurs.

b)

Date on statement indicating the date the statement was printed.

c)

Dates on a bank statement that indicate the range of dates in which the transactions occurred.

38.

Reconciling

a)

the process of making it consistent

b)

Same as balancing; the process of verifying the bank’s records to make sure no errors have been made.

39.

Deposits that do not appear on the bank statement are called (a)  

40.

Checks that do not appear on the bank statement are (a)  

41.

The amount of money in a checking account at the end of a statement period is

a)

ending balance

b)

starting balance

c)

running balance.

d)

cumulative balance

42.

The amount of money in a checking account at the beginning of a statement period is

a)

cumulative balance

b)

ending balance

c)

starting balance

d)

running balance

43.

A statement that includes all transactions that have occurred for a period of approximately 1 month in your checking and/or saving account(s)

a)

billing statement

b)

bank statement

c)

credit card statement

d)

mortgage statement

44.

What is a balance...

a)

Amount of money added to your account

b)

Amount of money take out of your account for making a purchase

c)

Amount of money in your account

d)

Document sent to you that tells you all of your transactions

45.

The compound interest formula is:

A = P(1 + r)t


What does the A represent?

a)

The amount of interest earned.

b)

The amount of time that has passed.

c)

The total amount of money after a certain amount of time.

d)

The amount required to invest.

46.

the time has to be in _____________

a)

years

b)

months

c)

days

d)

seconds

47.

Interest that grows only on the original principal each time is called:

a)

Compound Interest

b)

Simple Interest

c)

Interest Rate

d)

Basic Interest

48.

Interest that grows on the new balance time and grows quickly is called:

a)

Compound Interest

b)

Simple Interest

c)

Interest Rate

d)

Basic Interest

49.

Find the simple interest earned for principal of $2,000 at and 8% rate for 5 years.

a)

$160

b)

$800

c)

$80,000

d)

$16

50.

Find the simple interest earned when the principal is $500 at a rate of 10% held in the bank for 8 months.

a)

$33.50

b)

$40,000

c)

$50

d)

$400

51.

Find the simple interest paid on a deposit of $225 at a rate of 1.5% over 2 years.

a)

$6.75

b)

$3.375

c)

$2,278.13

d)

$6,750

52.
Caiden earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 year?
a)
$827.52
b)
$831.10
c)
$839.45
d)
$846.80
53.
If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance?
a)
$1,225,54
b)
$2,225.54
c)
$22,255.40
d)
$225.54
54.
Principal: $5000
Interest Rate: 3.75%
Time: 25 years
Compounded Monthly
State the future account balance.
a)
$12712.31
b)
$12,749.30
c)
$12,657.59
d)
$12550.84
55.

Ashleigh put some money into an account paying 4.5% compounded continuously for 10 years. She now has $3567.91 in the account. How much money did she start the account with?

a)

$2275

b)

$2725

c)

$2572

d)

$3275

56.
Emily would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years.
a)
$15,415.94
b)
$15,683.28
c)
$15,927.56
d)
$16,109.05
57.
Monthly means how many times a year?
a)
b)
12
c)
52
d)
365
58.
Jay'den earned $475 from mowing lawns last summer. He deposited this money in an account that pays an interest rate of 3.8% compounded annually. What will be his balance after 15 year?
a)
$827.52
b)
$831.10
c)
$839.45
d)
$846.80
59.
Semi-Annually means how many times a year?
a)
b)
2
c)
1
d)
6
60.
Courtney saved up $2,200 working as a waitress over the summer. She put this money into a bank account that earned 5.2% interest and is compounded daily. How much will she have in her account at the end of 4 years?
a)
$2201.25
b)
$2694.55
c)
$2707.45
d)
$2708.63
61.

A __________doesn’t charge interest if the balance of the account is paid off within a specified amount of time.

a)

Introductory Interest Free

b)

Charge Cards

c)

Rent to Own

d)

Deferred Payment Plan

62.

When we purchase an item like electrical appliance through an instalment plan, we pay more than the cash price of an item. Why?

a)

Because have to pay the operating expenses

b)

Because we have to pay the interest charge

c)

Because we have to pay the insurance

d)

Because we have to pay the finance charge

63.

Down payment

a)

Used when a good is bought but not paid for at the time of purchase

b)

A method of payment of purchases or service over a period of time

c)

The upfront money applied to purchases that is made with a loan or credit

d)

An organization or person who uses credit

64.

Installment Plan

a)

Used when a good is bought but not paid for at the time of purchase

b)

An organization or person who uses credit

c)

The upfront money applied to purchases that is made with a loan or credit

d)

A method of payment of purchases or service over a period of time

65.

Interest

a)

A person’s ability to earn money now and in the future

b)

An organization or person who extends credit to debtors

c)

An organization that compile records on users of credit as to how well they repay their debts

d)

The finance charge or fee that is charged to an installment buyer

66.

Earning Power

a)

The finance charge or fee that is charged to an installment buyer

b)

A person’s ability to earn money now and in the future

c)

An organization or person who extends credit to debtors

d)

A organization that compile records on users of credit as to how well they repay their debts

67.

Finance charge

a)

A credit report card that shows how well a user of credit meets their financial obligations

b)

A person property or what a person owns

c)

The interest charged to buyer when paying for a purchase or service overtime

d)

An organization or person who extends credit to debtors

68.

Adam bought a $1,670 custom video game/sound system on a special no-interest plan. He made a $100 down payment and agreed to pay the entire purchase off in 1 ½ years. The minimum monthly payment is $10. If he makes the minimum monthly payment up until the last payment, what will be the amount of the last payment?

a)

$1490

b)

$1290

c)

$280

d)

500

69.

Monique buys a $6200 living room set using an installment plan that requires 15% down. How much is the down payment? How much should she pay monthly to have it paid off in 18 months?

a)

$930; $293

b)

$930; $600

c)

$1100; $420

d)

$930; $344

70.

Joe wants to purchase an ATV. The price of the ATV at Talladega Tractor, with tax, is $2,519. He can save $175 per month. How long will it take him to save for the ATV?

a)

about 14 months

b)

about 15 months

c)

about 9 months

d)

about 12 months

71.

Mrs. Grudman bought a stove at a special sale. The dishwasher regularly sold for $850. No down payment was required. Mrs. Grudman has to pay $150 for the next six months. What is the average amount she pays in interest each month.

a)

$900

b)

$8.33

c)

$50

d)

$65

72.

Gadgets and More has a new promotional payment plan. All purchases can be paid off on the installment plan with no interest, as long as the total is paid in full within twelve months. There is a $75 minimum monthly payment required. If the Koslow family buys a TV for $3800, and they make only the minimum payment for 10 months, and the last month they want to make two equal payments. how much will they have to pay for the last 2 month?

a)

750

b)

1525

c)

2975

73.

Rick's credit card had a previous balance of $350. If he made a $75 payment and purchased $90 on the card this month, what is his new balance if his periodic rate is 12.5%?

(a)  

74.

Chuck's credit card has a previous balance of $125.50. He made a $45.50 payment and charged $42.50 to the card this month. If his periodic rate is 13.8%, what is his new balance on the card?

(a)  

75.

Tim's credit card had a previous balance of $437.50. He made a $57.50 payment and charged $222.51 to the card this month. If his periodic rate is 9.7%, what is his new balance?

(a)  

76.

Omar's charge account uses the unpaid balance method, where the rate is 18.3%. His previous balance is $478.68 and he made payments of $150 and $60, with a $89.95 credit also. He charged $38.50, $65.74, and $125.61 on the account this month. What is his new balance?

(a)  

77.
The cost of borrowed money, usually expressed as a percentage.
a)
interest
b)
savings plan
c)
scarce
d)
purchase
78.

What is a credit score?

a)

a three-digit score that tells lenders how much money you make each year.

b)

A five-digit numerical rating that reflects how likely you are to repay your debt.

c)

A three-digit numerical rating that reflects how likely you are to repay your debt.

d)

A credit score is a five-digit numerical rating that reflects how likely you are to fail at paying your debts

79.

Find the total deferred payment price. (#1)

a)

$1,940

b)

$1,982

c)

$1,853

d)

$1,850

80.

Find the finance charge. (#3)

a)

$2,700

b)

$2,800

c)

$1,700

d)

$1,800

81.

Find the total deferred payment price. (#5)

a)

$9,124.13

b)

$10,560.24

c)

$9,845.21

d)

$10,832.34

82.

Find the APR, using the Table 13-1. (#11)

a)

12%

b)

13%

c)

14%

d)

15%