Q1) Serum ferritin is utilized in diagnosing iron deficiency.  In study conducted recently researchers discovered that in sample of 28 elderly men sample standard deviation of serum ferritin was 52.6 mg/L.  For 26 younger men sample standard deviation was 84.2 mg/L. At.01 level of significance, do these data support conclusion that ferritin distribution in elderly men has smaller variance than in younger men?

a) No, as the test value 1.60 is less than critical value of 2.54         

b) Yes, as the test value 2.56 is greater than critical value of 2.54

c) Yes, as the test value 0.390 is less than critical value 2.54

d) Yes, as the test value 2.56 is greater than critical value 0.394

Q2) Determine simple interest for $1974 at 6.3% for 7months.

i) $870.53

ii) $72.54

iii) $54.00

iv) $62.54

Q3) Determine compound amount for deposit of $6500 at 12% compounded quarterly for six years.

i) $7761.34

ii) $12,829.85

iii) $18,720.00

iv) $13,213.16

Q4) Determine future value of annuity due which has $750 deposited at the starting of each month for 15 years at 5.9% compounded monthly.

i) $11,643.85

ii) $19,096.73

iii) $217,328.08

iv) $218,078.08