Exam 4: Automobile Ownership
Exam 1: Discretionary Expenses35 Questions
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Exam 4: Automobile Ownership39 Questions
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Pamela called nine repair shops for quotes for auto repairs.The prices are $139,$150,$345,$99,$167,$155,$140,$200,and $160.She calculates to find there are no outliers in the data.
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(True/False)
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Correct Answer:
False
Nina's car exponentially depreciates at a rate of 7% per year.If Nina bought the car when it was 6 years old for $12,000,what was the original price of the car?
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(Essay)
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Correct Answer:
Sarah bought a 7-year old car for $10,500.When the car was new,it sold for $21,000.Therefore,the depreciation rate is 9.4%.
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(True/False)
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Correct Answer:
True
Larry's car is worth $18,000 after 5 years.When the car was new,it sold for $24,000.What is the depreciation rate?
(Multiple Choice)
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Victor found 5 cars online that he will go to see.The prices of the cars are: $5,000;$4,500;$5,500;$3,999;and $4,999.The median car price is $4,799.60.
(True/False)
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Aaron just bought a used car from his cousin for $3,500.When he changes the title and gets license plates,he is required to pay sales tax on the purchase price of the car.If the sales tax rate is
%,how much sales tax does he pay?

(Short Answer)
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The Jacksons are taking a trip to Florida.Mr.Jackson knows that it is about 945 miles to their destination in Florida from their home in Ohio.He knows the average speed along his route will be 70 miles per hour.How long is the drive?
(Short Answer)
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Djenabah has an insurance policy that requires her vehicle to be properly maintained.If she is in an accident,the insurance company will only pay if the brake efficiency is over 60%.Unfortunately,Djenabah was in an accident.She was driving at a speed of 32 mph on a road that had a drag factor of 0.81.The insurance company's investigator measured three skid mark lengths of 70 ft,72 ft,and 74 ft.Will the insurance company pay Djenabah's claim?
(Essay)
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Jackson bought his first car.He went to an insurance office to get car insurance.Which of these types of insurance is the minimum required by law?
(Multiple Choice)
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Mrs.Beluga is driving on a snow-covered road with a drag factor of 0.2.She brakes suddenly for a deer.The tires leave a yaw mark with a 52-foot chord and a middle ornate of 6 feet.What is the minimum speed she could have been going?
(Multiple Choice)
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Zach uses his car for business and must keep accurate driving records so that his company will reimburse him for car expenses.When he started his trip,the odometer read 26,645.When he returned home,the odometer read 28,017.Zach's car gets about 48 miles per gallon.If the tank was full at the beginning of the trip and it cost $62.28 to fill the tank at the end of the trip,what price did Zach pay per gallon?
(Essay)
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Betsy has $15,000 worth of property damage insurance and $11,000 comprehensive and collision insurance with a $1,000 deductible.She had a tire blowout while driving and crashed into another vehicle before hitting a $5,540 fire hydrant.The accident caused $13,100 of damage to her car and $25,000 worth of damage to the other vehicle.How much of the damages will Betsy have to pay?
(Essay)
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At the beginning of the week,Miguel's odometer reads 87,845.At the end of the week,his odometer reads 88,033.How many miles did Miguel travel that week?
(Essay)
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Marcia wants to get a new car stereo.She researches the cost with a variety of local car stereo installers and places her findings in a stem-and-leaf plot.
What is the median price?

(Multiple Choice)
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Guy is being transferred from his home in Cincinnati,Ohio,to Sedona,Arizona.Google Maps tells him the driving distance is 1,725 miles.Guy's research tells him that the speed limits will vary from 50 mi/hr to 75 mi/hr.If he is able to drive at a speed that is an average of these rates,how long will he be driving? Express your answer in hours and minutes.His company is paying for his moving expenses at a rate of $0.54/mile plus $50.00 per hour of driving time.How much will Guy's company pay him for moving expenses?
(Essay)
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Tonya wants to place an advertisement in a local newspaper to sell her car.This piecewise function shows in the cost of the advertisement given that x equals the number of lines.
If the advertisement she wants to place will be 7 lines,how much will the paper charge her?

(Multiple Choice)
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A car traveling at an average rate of 60 miles per hour will drive 270 miles in
hours.

(True/False)
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Nathan wants to buy a car that costs $25,920.He has $3,000 as a down payment,and his payments will be $450 for 6 years.Through research he discovers that the value of the car will depreciate to a value of zero in 12 years.After how long will the expenses of the car be equal to the value of the car?
(Multiple Choice)
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The fee that a driver pays to have automobile insurance is called a deductible.
(True/False)
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