Ask Business Economics Expert

1. State whether the statements are true or false: AcA

A) True   B) False

 

2. Fill in the missing value. Assume simple interest.

principal $19,582

interest rate 4%

time ________

simple interest $2,349.84

A) time 3 years   B) time 4 years    C) time 2 years

 

3. Using the combination formula complete the following: How many combinations of two letters are possible from the letters U, A, and X?

A) 3    B) 5    C) 9

 

4. Find the probability. Write your answer as a percent rounded to the nearest whole percent: A number from 8 to 16 is drawn at random. P(12).

A) 11%    B) 13%     C) 15%

 

5. Evaluate the expression: 2 • 7!

A) 10,080    B) 10,280    C) 10,000

 

6. If A and B are independent events, P(A)=.4, and P(B)=.6 find P (A u B)

A) 0.76     B) 0.076     C) 0.0076

 

7. A number from 15 to 26 is drawn at random.P(24)Express the probability as a percent. Round to the nearest percent.

A) 8%     B) 9%      C) 10%

 

8.Evaluate the expression: 9!

A) 362880    B) 362800

 

9.Determine whether the events A and B are independent P(A)=.6, P(B)=.8, P(A n B)=.2

A) Independent    B) Not Independent

 

10.Evaluate: 3!

A) 6    B) 3     C) 1

 

11.Evaluate the expression: C(9,3)

A) 84     B) 48      C) 27

 

12.Fill in the missing value. Assume simple interest.

principal $87,698

interest rate ________

time 1 year

simple interest $6,138.86

 

A) interest rate 7%     B) interest rate 8%     C) interest rate 10%

 

13.A jar contains 21 pink and 26 navy marbles. A marble is drawn at random.P(navy)Express the probability as a decimal. Round to the nearest hundredth.

A) 0.55     B) 0.055     C) 0.0055

 

14.Find the probability. Assume that the spinner is separated into equal sections: You flip a coin and toss a 1-6 number cube. P(3 and heads)

A) 1/12 or 0.083     B) 1/6 or 0.167     C) 1/8 or 0.125

 

15. State whether the statements are true or false: {0}=0

A) True     B) False

 

16.Fill in the missing value. Assume simple interest.

principal $400,007

interest rate 13%

time 2 years

simple interest ________

A) simple interest $105,001.82    B) simple interest $104,001.82    C) simple interest $104,003.82

 

17.State whether the statements are true or false: 0eA

A) True     B) False

 

18.Find the probability: A number from 10 to 22 is drawn at random. P(an odd number) Express the probability as a decimal. Round to the nearest hundredth.

A) 0.46     B) 0.17     C) 0.75

 

19.Fill in the missing value. Assume simple interest. principal ________ interest rate 3% time 1 year simple interest $2,472.57

A) principal $82,419    B) principal $85,419    C) principal $822,419

 

20.There were 13,249 weddings in Springs City last year. According to state records, notaries public performed 17% of the weddings. How many weddings were not performed by notaries public?

A) 1099    B) 10994    C) 10997

 

21. Let A and B be two events in a sample space S such that:

(P(A)=.6,  P(B)=.5, and P(A n B).2 find P(A\B)     

A) 2/5    B) 5/2

 

22.If A and B are independent events, P(A)=.4, and P(B)=.6 find P(A n B)

A) 0.24    B) 0.024    C) 0.0024

 

23.Evaluate the expression: 3•5!

A) 360   B) 120    C)15

 

24.Find the probability. Write your answer as a fraction in simplest form: You roll a number cube numbered from 1 to 6. P(1).

A) 1/6    B) 6    C) 1/3

 

25.A jar contains 25 green, 19 white, 6 pink, and 21 orange marbles. A marble is drawn at random.P(white, green, or pink)Express the probability as a fraction.

A) 50/71     B) 71/50      C) 5/7

 

26.Evaluate the expression: 6!+4!

A) 744     B) 704     C) 720

 

27.Determine whether the events A and B are independent P(A)=.3, P(B)=.6, P(A n B)=.18

A) Independent     B) Not Independent

 

28.Evaluate the expression: P(5,5)

A) 120    B) 230    C) 25

 

29.Evaluate: 5!

A) 120    B) 25    C) 5

 

30.Evaluate the expression: 5!-3!

A) 114    B) 2    C) 8

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M9826712

Have any Question?


Related Questions in Business Economics

Standards drive instruction therefore how do standards

Standards "drive instruction," therefore, how do standards influence curriculum planning?

Explain how the application of the pdca cycle can support a

Explain how the application of the PDCA cycle can support a competitive strategy of low cost leadership.

Ford motors expects a new hybrid-engine project to produce

Ford Motors expects a new? Hybrid-engine project to produce incremental cash flows of $ 95 million each year and expects these to grow at 4?% each year. The upfront project costs are? $900 million and? Ford's weighted av ...

A five-year bond with a yield of 11 continuously compounded

A five-year bond with a yield of 11% (continuously compounded) pays an 8% coupon at the end of each year. a) What is the bond's price? b) What is the bond's duration? c) Use the duration to calculate the effect on the bo ...

Image manufacturing is an electronics manufacturer and

IMAGE Manufacturing is an electronics manufacturer and retailer. Its main products are Ultrabook computers, PCs and calculators. The current price of the Ultrabook is $ 600, the PC is $700 and the calculator is $30. This ...

According to kulish what is about the design of the euro

According to Kulish, what is about the design of the euro currency that lessens its appeal compared to prior national currencies?

How has the value of the euro changed compared to other

How has the value of the Euro changed, compared to other countries, over the past 10 years (since the Great Recession began)?

In lecture we discussed why the production possibilities

In lecture we discussed why the production possibilities frontier (the boundary of the production possibilities set) is bowed 'outwards'. When might the production possibilities set be bowed 'inwards'? Give an example of ...

In 2013 gallup conducted a poll and found a 95 confidence

In 2013, Gallup conducted a poll and found a 95% confidence interval of the proportion of Americans who believe it is the government's responsibility for health care. Give the statistical interpretation. I do not underst ...

The standard deviation of the number of video game as

The standard deviation of the number of video game A's outcomes is 0.5479, while the standard deviation of the number of video game B's outcomes is 0.2498. Which game would you be likely to choose if you wanted players t ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As