AnswersFowU - Financial Math - BUsing Graphs to Advertise

Topic Test Answers

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25

Month

A
A
B
B
C
C
D
D
30

Gareth selected a tile randomly from the set shown below. What is the probability that he selected a yellow tile or a tile with an odd number?

Question illustration
A
7/240
B
11/20
C
8/15
D
19/30
31

Which measure of central tendency would be best to describe the following set of data?2541352,2516

A
median
B
mode
C
mean
D
all of the above
35

The following graph shows the size of minnows that were caught over the course of a day. During which interval were the most minnows caught?

Question illustration
A
early morning (0:00 - 6:00)
B
late morning (6:00 - 12:00)
C
afternoon (12:00 - 18:00)
D
evening (18:00 - 0:00)
37

I.

Question illustration
A
A
B
B
C
C
D
D
38

Sharon is considering trying to open a new business within the next few years, and she is doing research to determine what kind of businesses tend to be successful. So far, she has compiled two tables. The first shows the number of businesses of several types started in Sharon’s city over the course of two years, and the number of those businesses which did not succeed and were forced to shut down within two years of opening. The second deals with separate records of successful new businesses, showing how much profit those new businesses turned over two years. Businesses on the boundary lines fall in the lower category. Type Food Retail Financial Service Opened 3,193 2,280 1,898 5,045 Closed 1,977 1,626 1,443 3,548 Up to $25k $25-50k $50-75k $75-100k Over $100k Food 945 623 601 258 114 Retail 813 548 347 188 63 Financial 316 244 195 86 51 Service 979 739 432 174 124 Using the tables as experimental data, determine whether it is more likely for a new retail establishment to succeed and earn profits of $50,000 or more, or whether it is more likely for a new service establishment to succeed and earn profits of $25,000 or less, and how much more likely the one situation is than the other. Express all probabilities as percentages to two decimal places, and express differences by number of percentage points (for example, 23% is 5 percentage points greater than 18%).

A
The situation involving the retail establishment has a probability 0.99 percentage points higher than the situation involving the service establishment.
B
The situation involving the retail establishment has a probability 4.91 percentage points higher than the situation involving the service establishment.
C
The situation involving the service establishment has a probability 5.66 percentage points higher than the situation involving the retail establishment.
D
The situation involving the service establishment has a probability 6.35 percentage points higher than the situation involving the retail establishment.
39

Consider the following graph, which indicates collected data on the weight of a certain species of swallow and the number of leaves it weaves into its nest. What aspect of this graph is likely being emphasized by the choice of graph style, choice of scale, and so on?

Question illustration
A
the unrelated nature of the data
B
the broad differences over short intervals
C
the total values of the data as a whole
D
the indirect connection between weight and leaf content Please sel
40

The following chart represents the record low temperatures recorded in Phoenix for April-November. Select the answer below that best describes the mean and the median of the data set (round answers to the nearest tenth).

Question illustration
A
The mean is 43.5°F, and the median is 43.6°F.
B
The mean is 60.5°F, and the median is 60.5°F.
C
The mean is 60°F, and the median is 61°F.
D
The mean is 43.6°F, and the median is 43.5°F.

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