Exam 22: Business Statistics
Exam 1: Whole Numbers: How to Dissect and Solve Word Problems140 Questions
Exam 2: Fractions135 Questions
Exam 3: Decimals145 Questions
Exam 4: Banking99 Questions
Exam 5: Solving for the Unknown: a How-To Approach for Solving Equations122 Questions
Exam 6: Percents and Their Applications152 Questions
Exam 7: Discounts: Trade and Cash137 Questions
Exam 8: Markups and Markdowns: Perishables and Breakeven Analysis123 Questions
Exam 9: Payroll109 Questions
Exam 10: Simple Interest99 Questions
Exam 11: Promissory Notes, Simple Discount Notes, and the Discount Process106 Questions
Exam 12: Compound Interest and Present Value112 Questions
Exam 13: Annuities and Sinking Funds103 Questions
Exam 14: Installment Buying76 Questions
Exam 15: The Cost of Home Ownership96 Questions
Exam 16: How to Read, Analyze, and Interpret Financial Reports118 Questions
Exam 17: Depreciation89 Questions
Exam 18: Inventory and Overhead106 Questions
Exam 19: Sales, Excise, and Property Taxes106 Questions
Exam 20: Life, Fire, and Auto Insurance121 Questions
Exam 21: Stocks, Bonds, and Mutual Funds152 Questions
Exam 22: Business Statistics99 Questions
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This semester Alice Front took four three-credit courses at North Shore Community College. She received an A in Business Math, a B in History, a C in Communications and a C in Composition, and a D in Accounting. What is her cumulative grade point average to the nearest hundredth, given that A = 4.0, B = 3.0, C = 2.0, D = 1.0, and F = 0.0?
Free
(Short Answer)
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Correct Answer:
2.4
Match the following terms with their definitions.
-Mean
Free
(Multiple Choice)
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Correct Answer:
E
Moe's Department Store counted the number of customers entering the store for the week. The results showed 1,150, 1,281, 550, 900, 1,150, 550, and 1,150. What is the mode?
Free
(Short Answer)
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Correct Answer:
1,150
The sum of products divided by the sum of frequencies equals the weighted mean.
(True/False)
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Find the (A)mean (B)median, and (C)mode:
9, 20, 15, 9, 17, 28, 26
(Short Answer)
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Calculate the mean, given $18,000, $24,800, $16,900, and $29,100.
(Short Answer)
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Ed Sullivan manufactures bean bags. From the following daily production for the first 20 days of July, find the weighted mean (to the nearest whole number).
600 900 700 800 600 900 800 900 900 700 700 600 600 700 800 800 800 600 600 700
(Short Answer)
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Match the following terms with their definitions.
-Price relative
(Multiple Choice)
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Match the following terms with their definitions.
-Bar chart
(Multiple Choice)
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Given a mean of 1,500 and a standard deviation of 53, calculate the value that is 2 standard deviations below the mean.
(Short Answer)
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Indicate the number of degrees on a pie chart each would be given (round to the nearest tenth degree):
A. 62% favor low-cholesterol bacon
B. 30% favor traditional bacon
C. 8% have no preference
(Short Answer)
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At the college bookstore, the following sales were rung up. Based on this, prepare a bar graph. Use intervals of 0-$5.99, $6.00-$11.99, $12.00-$17.99, and $18.00-$23.99.
\6 .95 \ 7.50 \ 6.91 \ 18.60 \ 14.88 \ 8.25 \ 21.55 \ 10.50 \1 3.10 \ 9.31 \ 22.95 \ 11.11 \1 2.00 \ 10.18 \ 16.95 \ 3.50
(Essay)
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Given the following sales of Roe Co., prepare a line graph (run sales to $50,000 in increments of $10,000):
2015 \ 8,000 2016 \ 26,000 2017 \ 48,000 2018 \ 44,000
(Essay)
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