Functions, Finance, Statistics, Counting, Probability and Odds Review

Question 1

What is the maturity value if you borrow $1000 at an annual interest rate of 5% for 2 months?

Accepted Answer

$1008.33

Question 2

If you flip a coin twice, what is the probability of getting two heads?

Accepted Answer

1/4

Question 3

What is the vertex of the quadratic function y = x^2 - 4x + 4

Accepted Answer

(2, 0)

Question 4

Which of the following is standard form of a quadratic equation?

Accepted Answer

y = ax2 + bx + c

Question 5

Which of the following is the formula for calculating compound interest?

Accepted Answer

A = P(1 + r/n)nt

Question 6

How many combinations of 5 items can be chosen from a set of 10 items?

Accepted Answer

252

Question 7

What is the median of the data set {3, 5, 7, 9, 11}

Accepted Answer

7

Question 8

How many ways can you arrange the letters in the word MATH?

Accepted Answer

24

Question 9

What is the slope of the line represented by the equation y = 3x + 2

Accepted Answer

3

Question 10

Which of the following represents an exponential function?

Accepted Answer

y = 3x

Question 11

Which measure of dispersion is calculated as the square root of the variance?

Accepted Answer

Standard Deviation

Question 12

What is the value of log(100)?

Accepted Answer

2

Question 13

What are the odds against drawing a king from a standard deck of 52 cards?

Accepted Answer

12 : 1

Question 14

What are the odds in favor of drawing a red card from a standard deck of 52 cards?

Accepted Answer

1 : 1

Question 15

What is the formula for calculating simple interest?

Accepted Answer

I = Prt

Question 16

Which variable are we solving for when we use the Present Value formula?

Accepted Answer

P

Question 17

Which of the following is a measure of central tendency?

Accepted Answer

Mean

Questions 17