MAT 142 – Topics In Math Spring2014:FinalExam Instructor:RobertFoth PimaCommunityCollege,CommunityCampus Answerthequestionsinthespacesprovided.Ifyouneedadditionalspaceuse thebackofthepageandmakesuretheproblemnumberisreferencedwiththe work.Ifscratchpaperisusedmakesuretoattachthepaperalongwiththe examwhenitisturnedin.Youmustshowallworktoreceivefullcreditonthe problem.Youmayuseacalculator(maynotuseacellphone).Thereisathree hourtimelimit.Besuretoreadeachquestioncarefullyandfollowthe instructionsgiven.Itispossibletoscoreover100%ontheexam.Goodluck! Iwillgradeeachquestionbasedon: 1. Completeness‐Showingallofyourworkandhowyouderivedthe answer. 2. Correctness‐Gettingthecorrectanswerisimportant,butIwillgive partialcreditifyoushowyourwork. 3. Neatness‐Ineedtobeabletoreadyouranswer.IfIcannotreadyour answer/work,thenyouwillreceive0pointsfortheproblem. Az‐scoretableisattachedonthelastpageoftheexam(yesyouwillneedit). StudentsName:________________________________________________________ SCORE ___________________/150 1. Twobanksofferaccountthatcompoundtheinterestslightlydifferentlyfromeachother. Theinformationforeachbankisbelow. BankA: Compoundsinterestmonthlyatanannualrateof3.8% BankB: Compoundsinterestcontinuouslyatanannualrateof3.8% Computethevalueofa$250depositintoeachaccountfor2years.Showyourwork. (8points) 2. (6points) Samhasbeensavingupforretirementandrealizeshewillhave$500,000savedupwhen heretires.Samwantstotakeequalmonthlywithdrawalsfromtheaccountforatotalof 35yearsafterheretires.Iftheretirementaccounthasanannualrateof5.5%andis compoundedmonthly,thenhowmuchcanhewithdraweachmonth? 3. The growth of the average cost of textbooks per course at a small liberal arts college was modeled with the following formula: Pn 110 (1 .045) n . If this models starts for the year 2003 as n = 0, then evaluate P13 and interpret this result in terms of the application. Make sure to include such things as the cost of the textbooks per course and the year. (8points) 4. Alargedepartmentstoreisofferinga20%discountonyourpurchase.Atthecheckout youaregivenanadditionaldiscountof15%forusingthestorescreditcard.Thissecond discountistakenafterthefirstdiscountisapplied.Answerthefollowing: (6pointseach) (i) (ii) 5. Whatisthetotaldiscountonapurchaseof$200? Findthetotalpercentdiscountofftheoriginalpriceof$200. Is it possible if A and B are events from a probability experiment that P A or B 1.15 ? Why or why not (6points) 6. Givingatesttoagroupofstudents,thegradesandgenderaresummarizedbelow.Answer thequestionbelowbasedonthistable. Male Female Total A 8 10 18 B 18 4 22 C 13 12 25 Total 39 26 65 (6pointseach) (i) (ii) (iii) 7. (6points) Findtheprobabilityofrandomlyselectingastudentandthatstudentismale. FindtheprobabilityofrandomlyselectingastudentthatismaleorhasearnedaB. FindtheprobabilityofrandomlyselectingastudentisfemalegiventhestudenthadaB. Acomputeruserhasdownloaded10songsusinganonlinefile‐sharingprogramand wantstocreateaCD‐RwithfoursongstouseinhisportableCDplayer.Iftheorderthat thesongsareplacedontheCD‐Risimportanttothem,howmanydifferentCD‐Rscould hemakefromthe10songsavailabletohim? 8. Inaclassroomthereare8girlsand7boys.TheclassistoelectaPresident,Vice President,andaTreasurer.Whatistheprobabilityifstudentswereelectedatrandom thatallthreepositionswerefilledbyboys? (6points) 9. Agroupofmathematiciansaregettingtogetherforaconference.Themembersare comingfromthreecities:Tacoma,Puyallup,andOlympia.Thepreferencevotesforwhere toholdtheconferencearegivenbelow(noticethenumberontoptellsyouhowmany peoplevotedforthatpreferenceorder): Total# 35 25 9 st 1 choice Puyallup Tacoma Olympia 2ndchoice Tacoma Olympia Tacoma 3rdchoice Olympia Puyallup Puyallup (i) WhoisthewinnerofthiselectionusingtheBordaCountMethod? (ii) Howmanyvotesareneededtohaveamajority? (6points) (4points) (iii) (4points) Doesyouranswerfrom(i)showthattheBordaCountmethodsatisfiestheCondorcet Criterion?Explainyouranswer. 10. Supposethispreferenceschedulegivestheresultsofanelectionamong3candidates,A,B, andC.WhowinsusingCopeland’sMethod(alsoknownasPairwiseComparisons)? Numberofvoters 1stchoice 2ndchoice 3rdchoice 20 A C B 19 B C A 5 C B A (6points) 11. Youhavebeengiventheopportunitytoinvestintwodifferentcompanies:companyAand companyB.Bothcompaniesarereputable,andeachisworkingonpotentiallyimportant scientificprojects.IfyouinvestincompanyAthereisa30%chancethatyoulose$30,000, a50%chancethatyoubreakeven,anda20%chancethatyoumake$70,000.Ifyou investincompanyBthereisa20%chancethatyoulose$75,000,a70%chancethatyou breakeven,anda10%chancethatyoumake$150,000.Basedontheexpectedvalueof each,whichinvestmentshouldyoumake? (8points) 12. (6points) Onanormaldistributionthemeanisknowntobe50withastandarddeviationof15. Whatpercentofobservationsfromthedistributionarefrom50to80? 13. Foreachstatementbelowwritethecorrespondinglettertomatchittotheappropriate typeofbias.Eachanswercanonlybeusedonce. (2ptseach) ____ ____ ____ ____ ____ ____ 14. Asurveyatyourworkplaceaskshowmanytimesyou haveusednarcoticsinthepast12months. Alocalnewsstationasksviewerstophoneintheirchoice inadailypoll. Apoliticianwantstoknowhowpeopleinthedistrictfeel aboutanewlaw.Heaskstenpeopleatrandomfromthe audienceathisnextspeech. Ateacherasksstudentsinaclasshowoftentheyfart. Thegunlobbyreleasesastudythatgunownersarein generalhappierthanthosewhodonotownguns. A. LoadedQuestion B. Non‐response C. SamplingBias D. VoluntaryResponse E. Self‐InterestStudy F. PerceivedLackof Anonymity Aneighborhoodsurveyasks“Doyouthinkpeopleshould playthatloudandannoyingRockandRollmusicafter8pm?” Aparticularmanufacturerofcerealtriedtodeterminetheeffectivenessoftheircerealto increaseattentivenessintheschoolclassroomforstudents.Inthestudystudentswere randomlyassignedtoreceiveeitherabowlofcerealforbreakfastortheyweretoldto eachnobreakfastbeforecomingtoschool. (4ptseach) (i) (ii) Wouldyouclassifythisasanobservationalstudyoranexperiment?Justifyyouranswer. Identifyamajorflawwiththestudy.Whatcouldbedonetoimprovethisstudy? 15. (6points) 16. (i) (6points) (ii) Isthestudentcorrectornot‐explainyouranswer. Johnsawthattherewerefivestudentswhoscoreda10onthequizandthreethatscored a8.Headdsup8and10toget18anddividesbytwoandstatedthatthemedianis9. Belowisthescoresfor10studentswhotooktherecentquiz.Answerthequestionsbelow basedonthisdata. 20,11,14,14,18,19,9,17,15,15 Findthemeanforthedata. Findthemedian. (6points) (iii) Woulditbemoreappropriatetorepresentthedatawithabargraphorahistogram? Explainyouranswer. (4points) 17. (6points) Asodamanufacturerfillsbottleswithameanof20.2ozandastandarddeviationof .15oz.Whatpercentageofthebottleswillbefilledwithfewerthan20oz?Usethe StandardNormalTabletohelpyouanswerthisquestion. Standard Normal Values (Needed for at least one question on the exam) MAT 142 Formula Page (Final) Length 1 foot (ft) = 12 inches (in) (ft) 1 mile = 5,280 feet 1000 millimeters (mm) = 1 meter (m) meter 1000 meters (m) = 1 kilometer (km) Capacity 1 cup = 8 fluid ounces (fl oz) 1 quart = 2 pints = 4 cups cups 1000 milliliters (ml) = 1 liter (L) absolute change Relative change: starting quantity Area 100 centimeters (cm) = 1 2.54 centimeters (cm) = 1 inch Weight and Mass 1 pound (lb) = 16 ounces (oz) 1000 milligrams (mg) = 1 gram (g) 1000 grams = 1kilogram (kg) 1 kilogram = 2.2 pounds (on earth) 1 ton = 2000 pounds 1 pint = 2 cups 1 gallon = 4 quarts = 16 log Ar r log A Distance Volume Rectangular Box: L W H Perimeter Rectangle: 2 L 2W Circumference Circle: 2 r Rectangle : L W Circle : r 1 yard (yd) = 3 feet 2 Linear Growth Cylinder: r 2 h Exponential Growth Recursive form: Pn Pn 1 d Recursive form: Pn 1 r Pn 1 Explicit form: Pn P0 dn Explicit form: Pn P0 1 r Simple Interest Compound Interest Discretely A P0 1 rt r A P0 1 k z score x P E 1 P( E ) P A | B n Pr Compound Interest Continuously A P0e rN Nk Annuity Formula r Nk d 1 1 k PN r k n Payout Annuity (also Loan Formula) r N k d 1 1 k P0 r k data value - mean standard deviation P( E ) P(A and B) = P(A) • P(B) P A and B P B Number of outcomes corresponding to the event E Total number of equally - likely outcomes P(A or B) = P(A) + P(B) – P(A and B) n! = n • (n – 1) • (n – 2) ••• 3 • 2 • 1 n! n n 1 n 2 n r 1 (n r )! n Cr n! (n r )!r!
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