Math 110 Test 4 Certification Review Exam Questions With Multiple Choices And Verified Answers.
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Course
MAT 110
Institution
MAT 110
How do you find the expectation of a situation? - correct answer Multiply each possible outcome by the probability they occur and add the results.
When dealing with expectation questions involving gambling what should you always do? - correct answer ...
How do you find the expectation of a situation? - correct answer Multiply each
possible outcome by the probability they occur and add the results.
When dealing with expectation questions involving gambling what should you always do? - correct
answer Multiply the money bet with possible winnings.
What does I, P, r, t, and n - correct answer I=Interest
P=principal (original $ value)
r=Interest rate
t= time (# of years)
n= Compound value (# of time compounded per year)
Mean - correct answer Average (find by adding all the elements up and divide by
the total # of elements)
What is the exact method and what is the original method? Which one should you use? - correct answer
-Used for converting t from days to years
Exact method- #of days/365
Ordinary method: #of days/360. (Use ordinary)
Median - correct answer The middle value or mean of the 2 middle values.
Mode - correct answer the value that occurs most frequently may be one or more
or none
Weighted mean - correct answer Used when not all values are equally important
(have different weights)
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