MATH201 Final Exam ALL ANSWERS CORRECT SOLVED FALL-2020/2021 SOLUTION GUARANTEED A+

A CD has a 5% chance of being a smash hit and profiting $5.2 million, a 50% chance of being a modest success and profiting $0.9 million, and a 45% chance of being a flop and breaking even. What is the expected earnings value of the CD? Selected Answer: $710,000 Answers: $305,000 $500,000$710,000 $915,000 • Question 2 4.16667 out of 4.16667 points A box of 20 Crunchy Munchy cookies costs $2.50 and a box of 40 Crunchy Munchy cookies costs $4.00. One quart of milk costs $1.50. Which of the following is a better bargain? Selected Answer: A box of 20 cookies that comes with a free quart of milk Answers: A box of 20 cookies that comes with a free quart of milk A box of 40 cookies with a quart of milk that costs $1.50 The cost of each option is the same • Question 3 4.16667 out of 4.16667 points A researcher is studying end-times beliefs of Christians by surveying members of his Methodist church. This study may suffer from what type of bias? Selected Answer:Selection bias Answers: Participation bias Availability errorSelection bias No bias • Question 4 0 out of 4.16667 points Assume that a set of test scores is normally distributed with a mean of 70 and a standard deviation of 10. In what percentile is a score of 65? Selected Answer: 95th percentile Answers: 95th percentile 79th percentile 46th percentile 30th percentile • Question 5 4.16667 out of 4.16667 points Calculate the monthly payments for a home mortgage of $98,000 with a fixed APR of 6.25% for 30 years.Selected Answer: $603.40 Answers: $425.35 $561.46 $603.40 $716.31 • Question 6 4.16667 out of 4.16667 points Convert 33 degrees C to degrees Fahrenheit. Selected Answer: 91.4 degrees F Answers: 0.6 degrees F 83.2 degrees F 91.4 degrees F117.0 degrees F • Question 7 4.16667 out of 4.16667 points Find the median of the following set of data. 52, 84, 94, 102, 94, 89, 73 Selected Answer: 89 Answers: 52 84 89 102 • Question 8 4.16667 out of 4.16667 points In a particular class, there are 3 freshmen, 5 sophomores, 11 juniors, and 2 seniors. If the instructor randomly chooses a student to answer a question in class, what is the probability that the student chosen will be a freshman? Selected Answer:0.143 Answers: 0.009 0.143 0.15 0.857 • Question 9 4.16667 out of 4.16667 points In a study to determine the percentage of college students who read the newspaper, which of the following is the best sample? Selected Answer: Every 20th student who walks by the student center Answers: Every 20th student who walks by the student center The first 50 students who arrive at a movie The freshman at a particular schoolThe students in a computer class • Question 10 0 out of 4.16667 points In the following problem, assume 2013 values listed in the table of marginal tax rates below. Tax Rate Single Married Filing Jointly Married Filing Separately Head of Household 10% up to $8925 up to $17,850 up to $8925 up to $12,750 15% up to $36,250 up to $72,500 up to $36,250 up to $48,600 25% up to $87,850 up to $146,400 up to $73,200 up to 125,450 28% up to $183,250 up to $223,050 up to $111,525 up to $203,150 33% up to $398,350 up to $398,350 up to $199,175 up to $398,350 35% up to $400,000 up to $450,000 up to $225,000 up to $425,000 39.60% above $400,000 above $450, above $225,000 above $425,000 Standard deduction $6,100 $12,200 $6,100 $8,950 Exemption (per person) 3,900 $3,900 $3,900 $3,900 Use the table above to answer the question below. A married couple who claim the standard deduction are in the 28% marginal tax bracket. Which of the following will reduce their tax bill by $280? Selected Answer