Exam 4: Mathematics Statistics

Your departmental budget for last year was $765,000. Your budget for this year reflects a 15% increase. You have decided to use 85% of the increase to add additional personnel. Which of the following scenarios would fit into your budget and use the largest portion of the available funds?

Which of the following formulas would accurately calculate the probability of an event occurring?

If simple interest is calculated using the formula A=P(1+nr) where A is total principle and interest, P is principle, n is number of years, and r is rate, what would be the simple interest earned on an investment of $2000.00 at 12.5% for 9 years?

You are presented with a list of material measurements for a project from Germany. All materials are listed in metric measurements. What would be the most comparable measurement for materials described in kilograms:

A project requiring a $1,000 investment today and yielding $8,800 next year has an internal rate of return (IRR) of

Which of the following would not be considered a digit?

You are analyzing the relationship between employees working more than ten hours in a shift and the number of on the job accidents at your production facility. One aspect to consider is the relative frequency which would be:

Which of the following projects has the highest net present value? (Assume the interest rate per year is 10 percent.)

The first 12% of a project has been completed at a total cost of $850,000. The project managers have calculated that the remainder of the project should be completed at a similar dollar per percentage rate. Approximately how much should the entire project cost?

Ten candidates for employment earn the following scores on a general aptitude test: 67, 98, 78, 89, 86, 92, 56, 87, 90, 98. If the scores are based on a 100 point scale, what is the range?

Discounting future cash flow to the present period is common in capital budgeting. If positive cash flow at the end of year 2 is $132,000, the interest rate for year 1 is 10 percent, and the interest rate for year 2 is 20 percent, the present value of the $132,000 at the beginning of year 1 is

You calculate the value of a $10,000 investment compounded continuously at 8% for 10 years. The result would be an example of:

A business owner expects fixed costs of 12,000, a selling price of 200 per unit, and variable costs of 40 per unit produced. How many units will have to be sold in order for the owner to break even?

ABC Shoe Company reports annual sales of $4,500,000. If they make a net profit of $300,000, what is the rate of profit?

If your organization is conducting research to investigate the role that gender plays in obesity related heath problems, out the possible variables considered, which of the following would be considered independent?

After administering a test on computer applications to prospective employees, you consider all test results and decide to interview candidates whose scores were in the 90th percentile or higher. This would be candidates whose scores:

Internal rate of return (IRR) is the interest rate that makes the net present value of all cash flows for a project equal to

You are considering organizing your staff into teams to tackle upcoming projects. When looking at the permutations of team organization, you are considering:

In a math problem such as {(3546-2345) X (3567/23.4)} / (349 + 1256), order of operations defines in which order different operations must be completed. Which would come first?

A factory that produces pipe costs 5,000,000 to set up and has an annual capacity of 50,000 units. The production cost is 0.5 per unit and this cost is not expected to change. The machines have an indefinite physical life, and the cost of capital is 10 percent. What is the competitive price of a pipe?