Question 1

Calculate the range for the following June temperatures: 95.6, 69.2, 78.1, and 88.0

Accepted Answer

The answer of Calculate the range for the following June...

Question 2

The median is a better indicator than the mean if there are extreme values.

Accepted Answer

A) True 
 B)False

Question 3

Intervals should be of unequal size.

Accepted Answer

A) True 
 B)False

Question 4

Calculate the weighted mean of bottled water sales in dollars:
 $$\begin{array} { | l | l | } 
\hline \text { Value } & \text { Frequency } \
\hline \$ 1.25 & 7 \
\hline \$1.50 & 4 \
\hline\$ 1.75 & 2 \
\hline
\end{array}$$

Accepted Answer

The answer of Calculate the weighted mean of bottled water...

Question 5

360° represents 100% of a circle graph.

Accepted Answer

A) True 
 B)False

Question 6

Bar charts are nonvisual presentations of data.

Accepted Answer

A) True 
 B)False

Question 7

Today, a new Ford costs $28,000. In 1970, the car cost $6,000. What is the price relative (round to the nearest hundredth)?

Accepted Answer

($28,000/$

Question 8

Match the following terms with their definitions.
-Shows trends

Accepted Answer

A) Value that occurs most often 
B) Used in a frequency distribution 
C) Middle number is median 
D) Line graph 
E) Sum of all values / Number of values
F)Does not distort an average that has one or more extreme values
G)Height represents frequency
H)Current price x 100 base year price
I)360
J)Sum of products + sum of frequencies 
A) Value that occurs most often 
B) Used in a frequency distribution 
C) Middle number is median 
D) Line graph 
E) Sum of all values / Number of values
F)Does not distort an average that has one or more extreme values
G)Height represents frequency
H)Current price x 100 base year price
I)360
J)Sum of products + sum of frequencies

Question 9

Jim's Donut Shop reported the following sales for the first 20 days:
 $$\begin{array} { | l | l | l | l | } 
\hline 100 & \$ 200 & \$ 100 & \$ 300 \
\hline 100 & 300 & 200 & 100 \
\hline 400 & 100 & 400 & 100 \
\hline 200 & 400 & 100 & 400 \
\hline 500 & 300 & 500 & 200 \
\hline
\end{array}$$ Complete a frequency distribution.

Accepted Answer

\[\begin{array} { | l | l | l | } 
\hlin

Question 10

A frequency distribution tries to avoid organizing numbers to show what patterns exist.

Accepted Answer

A) True 
 B)False

Question 11

Find the median:
25, 18, 17, 29, 40

Accepted Answer

The answer of Find the median:
25, 18, 17, 29, 40...

Question 12

Alvin's Bakery produced the following number of oat bran muffins each week: $$\begin{array} { l l } 
\text { Week 1 } & 700 \
\text { Week 2 } & 700 \
\text { Week 3 } & 600 \
\text { Week 4 } & 500 \
\text { Week 5 } & 700 \
\text { Week 6 } & 600
\end{array}$$ In a frequency distribution, which would have the lowest tally?

Accepted Answer

A) 600 
B) 700 
C) 500 
D) 650 
E) None of these 
A) 600 
B) 700 
C) 500 
D) 650 
E) None of these

Question 13

What is the weighted mean frequency for the following car sales (round answer to nearest whole dollar)? 2 sold at $25,090, 3 sold at $20,000, 1 sold at $21,475, and 1 sold at $39,638

Accepted Answer

A) $24,740 
B) $24,000 
C) $21,241 
D) $24,470 
E) None of these 
A) $24,740 
B) $24,000 
C) $21,241 
D) $24,470 
E) None of these

Question 14

Calculate the grade point average: A = 4.0, B = 3.0, C = 2.0, D = 1.0, F = 0.0
 $$\begin{array} { | l | l | l | } 
\hline \begin{array} { l } 
\text { Course } \
\text { Attempted }
\end{array} & \text { Credits } & \text { Grade } \
\hline \text { Accounting II } & 3 & \text { B } \
\hline \text { Business Math } & 3 & \text { A } \
\hline \text { Chemistry } & 4.5 & \text { C } \
\hline \text { Biology } & 4.5 & \text { D } \
\hline
\end{array}$$

Accepted Answer

The answer of Calculate the grade point average: A =...

Question 15

A consumer price index is an example of a price relative.

Accepted Answer

A) True 
 B)False

Question 16

Joyce Rath predicted that over the Memorial Day weekend the following will visit the Children's Museum:
 $$\begin{array} { | l | l | } 
\hline \text { Children under } 5 & 28 \% \
\hline \text { Children 5-12 } & 32 \% \
\hline \text { Parents } & 30 \% \
\hline \text { Grandparents } & 10 \% \
\hline
\end{array}$$ How many degrees would each represent if a circle graph were made (to the nearest tenth of a percent)?

Accepted Answer

Children under 5 = 1

Question 17

The range of 55, 93, 48, 53, 55, 93, 63, 80, 75, and 55 is:

Accepted Answer

A) 45 
B) 67 
C) 59 
D) 55 
A) 45 
B) 67 
C) 59 
D) 55

Question 18

Calculate the standard deviation (to the nearest hundredth)for the following sample set of data: 80, 92, 59, 46, 82, 74

Accepted Answer

Mean = (80 + 92 + 59

Question 19

Indicate the number of degrees on a pie chart each would be given (round to the nearest tenth degree):
A. 42.5% of Jones's investments are in stocks
B. 23% of Jones's investments are in bonds
C. 34.5% of Jones's investments are in money market funds

Accepted Answer

A. 425 × 360° = 153.

Exam 22: Business Statistics

Calculate the range for the following June temperatures: 95.6, 69.2, 78.1, and 88.0

The median is a better indicator than the mean if there are extreme values.

Intervals should be of unequal size.

Calculate the weighted mean of bottled water sales in dollars: Value Frequency \ 1.25 7 \1 .50 4 \ 1.75 2

360° represents 100% of a circle graph.

Bar charts are nonvisual presentations of data.

Today, a new Ford costs $28,000. In 1970, the car cost $6,000. What is the price relative (round to the nearest hundredth)?

Match the following terms with their definitions. -Shows trends

Jim's Donut Shop reported the following sales for the first 20 days: 100 \ 200 \ 100 \ 300 100 300 200 100 400 100 400 100 200 400 100 400 500 300 500 200 Complete a frequency distribution.

A frequency distribution tries to avoid organizing numbers to show what patterns exist.

Find the median: 25, 18, 17, 29, 40

Alvin's Bakery produced the following number of oat bran muffins each week: Week 1 700 Week 2 700 Week 3 600 Week 4 500 Week 5 700 Week 6 600 In a frequency distribution, which would have the lowest tally?

What is the weighted mean frequency for the following car sales (round answer to nearest whole dollar)? 2 sold at $25,090, 3 sold at $20,000, 1 sold at $21,475, and 1 sold at $39,638

Calculate the grade point average: A = 4.0, B = 3.0, C = 2.0, D = 1.0, F = 0.0 Course Attempted Credits Grade Accounting II 3 B Business Math 3 A Chemistry 4.5 C Biology 4.5 D

A consumer price index is an example of a price relative.

Joyce Rath predicted that over the Memorial Day weekend the following will visit the Children's Museum: Children under 5 28\% Children 5-12 32\% Parents 30\% Grandparents 10\% How many degrees would each represent if a circle graph were made (to the nearest tenth of a percent)?

The range of 55, 93, 48, 53, 55, 93, 63, 80, 75, and 55 is:

Calculate the standard deviation (to the nearest hundredth)for the following sample set of data: 80, 92, 59, 46, 82, 74

Indicate the number of degrees on a pie chart each would be given (round to the nearest tenth degree): A. 42.5% of Jones's investments are in stocks B. 23% of Jones's investments are in bonds C. 34.5% of Jones's investments are in money market funds

Whole Numbers: How to Dissect and Solve Word Problems

Fractions

Decimals

Banking

Solving for the Unknown: a How-To Approach for Solving Equations

Percents and Their Applications

Discounts: Trade and Cash

Markups and Markdowns: Perishables and Breakeven Analysis

Payroll

Simple Interest

Promissory Notes, Simple Discount Notes, and the Discount Process

Compound Interest and Present Value

Annuities and Sinking Funds

Installment Buying

The Cost of Home Ownership

How to Read, Analyze, and Interpret Financial Reports

Depreciation

Inventory and Overhead

Sales, Excise, and Property Taxes

Life, Fire, and Auto Insurance

Stocks, Bonds, and Mutual Funds

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