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Statistics, Probability, Business Math Reviewer Flashcards | StudBud
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Statistics, Probability, Business Math Reviewer
Statistics, Probability, Business Math Reviewer
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1
There are 3 arrangements for the word DAD. How many arrangements are there of the word PROBABILITY?
39,916,800
19,958,400
6,652,800
9,979,200
2
Refer to the problem below.
5 months
6 months
7 months
4 months
3
A coin is tossed 3 times. Find the probability of getting exactly two heads.
none of the choices
\frac{3}{4}
\frac{1}{2}
\frac{3}{8}
4
A computer store used a markup rate of 40%. Find the selling price of a computer game that cost the retailer $25.
$10
$35
$15
$30
5
Refer to the problem below.
$5000 for 10% and $7000 for 12%
$11000 for 10% and $13000 for 12%
$15800 for 10% and $17800 for 12%
$55000 for 10% and $57000 for 12%
6
A $3,500 investment earned a $70 of interest over the course of six months. What annual interest did it earn?
3%
4%
0.003%
5%
7
Refer to the problem below.
$1,215.74
$1,092.80
$730.81
$1,277.21
8
A product that regularly sells for $425 is marked down to $318.75. What is the discount rate?
50%
33.33%
25%
39%
9
Outliers produce problematic results. Rank the following in order from "least affected" to "most affected" by outliers.
median, range, mean
median, mean, range
range, median, mean
mean, median, range
10
How much fertilizer per acre would you use to maximize the yield? Round your the answer to the nearest pound.
180 pounds of fertilizer
1.08 pounds of fertilizer
200 pounds of fertilizer
2.00 pounds of fertilizer
11
Refer to the problem below.
1/3
1
2/3
Not enough information to conclude
12
Pamela bought an electric drill at 85% of the regular price. She paid $32.89 for the drill. What was the regular price?
$39.15
$38.69
$34.62
$27.97
13
Refer to the question in the picture below.
0.1375
0.1
0.0016
0.1125
14
Which of the following statements about hypothesis tests is INCORRECT?
If the test statistic lies in the rejection region, we reject the claim.
In a one-tailed test, H1 involves either > or <, but not ≠.
H0 must always include equality.
The claim can be either H0 or H1.
15
What proportion of these eggs have cholesterol content above 205 milligrams?
0.3300
0.3707
0.6293
0.2004
