MATH120: Final Exam Questions and Answers 2024

MATH120: Final Exam Questions and Answers 2024 _________ (or equity) gives you a share of ownership in a company. - correct answer- Stock ________________ are expenses that Congress must vote on each year and that the President must sign into law. - correct answer--Discretionary outlays _________________ is interest paid only on the original investment and NOT on any interest added at later dates. - correct answer--Simple interest ____________________ is a measure of how widely data values are spread out about the center of a distribution. - correct answer--Variation A ________________ is a deceptive argument in which the conclusion is not well supported by the premises. - correct answer--fallacy A box contains 20 chocolates, but only 2 of them are the dark chocolate you like. When we say that the probability of drawing one of the dark chocolates at random is 0.1, what type of probability are are we stating? - correct answer--a theoretical probability A home mortgage of $150,000 has a fixed APR of 5% for 15 years. Calculate the monthly payment needed to pay off the loan. - correct answer--$1186.19 A hose fills a hot spring pool at a rate of 5.6 gallons per minute. How many hours will it take to fill a 450-gallon hot tub? - correct answer--1.34 hours A loan that you pay off with equal regular payments is called a(n) ________ (or amortized loan). - correct answer--installment loan A low-risk strategy for the lender of a loan is a(n) _______________, in which the interest rate you pay changes whenever prevailing rates change. - correct answer- adjustable rate mortgage (ARM) A store is having a "25% off" sale. How does an item's sale price compare to its original price? - correct answer--75% of its original A(n) _______________ makes a case for a specific conclusion from more general premises. - correct answer--deductive argument According to the figure, the equilibrium price and quantity are (Supply and Demand) - correct answer--P = $20; Q = 600 According to the graph, roughly what fraction of the world identifies as Christian? (Pie Chart) - correct answer--one-third According to the graph, what is percent DIFFERENCE between the greatest generation and the millennial generation in those who pray daily during the late 2000's period? (Daily Prayer, by Generation) - correct answer--33% Actual lengths of pregnancy terms are nearly normally distributed about a mean pregnancy length of 38.5 weeks with a standard deviation of 15 days (2.14 weeks). What is the z-score of a woman with 36 weeks of pregnancy? - correct answer---1.17 All lines that are parallel in the real scene and perpendicular to the canvas must intersect at the _____________________ of the painting. - correct answer--principal vanishing point All musical sounds have a wave pattern that can represented as - correct answer--the sum of one or more individual constant-frequency waves. An insurance policy sells for $1000. Based on past data, an average of 1 in 50 policyholders will file a $10,000 claim, an average of 1 in 100 policyholders will file for a $25,000 claim, and an average of 1 in 250 policyholders will file a $60,000 claim. What is the expected value (to the company) per policy sold. - correct answer--$310 An opinion poll finds that 64% of 1,069 people surveyed said that the President was doing a good job. How many said the President is doing a good job? - correct answer- 684 Assume your business has fixed costs totaling $1,374,000 in which you cannot alter in the short term. If you charge $250 per person at your resort, but spend roughly $75 per person on meals, lodging, and literature, what amount of people must you bring in per year to break-even and cover your costs? - correct answer--7,852 people Average human body temperature is 98.6 F. What is it in Celsius? (Hint: use the formula C = (5/9)(F - 32) as means of converting.) - correct answer--37.0 C Calvin isn't rich, but he gets by, and he loves sitting down for a latte at the college coffee shop. With tax and tip, he usually spends $5 on his large latte. He gets at least one a day (on average), and about every three days he has a second one. He figures it's not such a big indulgence. Roughly how much is he spending on coffee per year? - correct answer--$2,430 Carol earns 50% more than William. How many times larger is her income than his? - correct answer--1.5 times