Test Bank For Financial Algebra Advanced Algebra with Financial Applications Tax Code Update - 2nd - 2021 All Chapters - 9780357423509

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Financial Algebra Advanced Algebra with Financial Applications, 2nd Edition
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Name: Class: Date:

Chapterw01w-wDiscretionarywExpenses
1. Yourwincomewbeforewallwtaxeswarewdeductedwiswyourwdisposablewincome.
a. True
b. False
ANSWER: False
RATIONALE: Yourwincomewbeforewallwtaxeswarewdeductedwiswyourwgrosswincome
.
POINTS: 1
QUESTIONwTYPE: Truew/wFalse
HASwVARIABLES: False
DATEwCREATED: 1/23/2017w11:46wPM
DATEwMODIFIED: 2/8/2017w5:54wAM

2. Awdiscretionarywexpensewiswonewthatwcan’twbeweliminatedwfromwyourwday-to-daywlife.
a. True
b. False
ANSWER: False
RATIONALE: Anwessentialwexpensewiswonewthatwcan’twbeweliminatedwfromwyourwday-to-
daywlife.
POINTS: 1
QUESTIONwTYPE: Truew/wFalse
HASwVARIABLES: False
DATEwCREATED: 1/23/2017w11:50wPM
DATEwMODIFIED: 2/7/2017w5:46wAM

3. Whenwconsideringwmeasureswofwcentralwtendency,wthewpresencewofwoutlierswwouldwindicatewthatwthewmeanwmaywnotwb
ewawgoodwrepresentation.
a. True
b. False
ANSWER: True
POINTS: 1
QUESTIONwTYPE: Truew/wFalse
HASwVARIABLES: False
DATEwCREATED: 1/24/2017w12:13wAM
DATEwMODIFIED: 2/7/2017w5:46wAM

4. Whenwawcorrelationwcoefficientwiswnearw1,wtherewiswlittleworwnowcorrelationwbetweenwcorrespondingwvariables.
a. True

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, b. False
ANSWER: False




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,RATIONALE: Awcorrelationwcoefficientwnearw1wiswawstrongwcorrelation;wawvaluewnearw0windicateswlittleworwn
owcorrelation.
POINTS: 1
QUESTIONwTYPE: Truew/wFalse
HASwVARIABLES: False
DATEwCREATED: 1/24/2017w12:14wAM
DATEwMODIFIED: 2/7/2017w5:46wAM

5. Ifwawcollectionwofwdatawdoeswnotwhavewanywvalueswthatwoccurwmorewthanwonce,witwiswconsideredwbimodal.
a. True
b. False
ANSWER: False
RATIONALE: Awcollectionwofwdatawiswconsideredwbimodalwifwtherewarewmultiplewvalueswthatwhavewmor
ewoccurrenceswthanwanywofwthewotherwvalues.
POINTS: 1
QUESTIONwTYPE: Truew/wFalse
HASwVARIABLES: False
DATEwCREATED: 1/24/2017w12:18wAM
DATEwMODIFIED: 2/7/2017w5:46wAM

6. Thewequationwofwthewlinearwregressionwlinewofwthewscatterplotwdefinedwbywthesewpoints:w(1,w45),w(2,w35),w(3,w20),w(4,w5)wiswyw=
–13.5xw+w60.
a. True
b. False
ANSWER: True
POINTS: 1
QUESTIONwTYPE: Truew/wFalse
HASwVARIABLES: False
DATEwCREATED: 1/24/2017w12:20wAM
DATEwMODIFIED: 2/7/2017w5:47wAM

7. Awscatterplotwiswgraphedwwithwthewtimewitwtakeswawchildwtowgetwdressedwinwthewmorningwonwthewhorizontalwaxis,wandwthe
wchild’swagewinwyearswonwthewverticalwaxis.wThewgraphwshowswawnegative wcorrelationwbecausewthewtimewdecreaseswaswthewa

gewofwthewchildwincreases.
a. True
b. False
ANSWER: True
POINTS: 1
QUESTIONwTYPE: Truew/wFalse
HASwVARIABLES: False
DATEwCREATED: 1/24/2017w12:51wAM
DATEwMODIFIED: 2/11/2017w4:08wAM

8. Rebeccawwillwbewenteringwcollegewnextwfallwandwiswtryingwtowdecidewhowwmuchwtowspendwonwawlaptop.w Afterwresearchi
ngwmodelswonline,wshewhaswfoundwseveralwthatwwouldwmeetwherwneeds.w Theirwcostsware:w$979;w$1,349;w$1,279;w$1,349;w$
1,899;
$2,049;w$875;wandw$1,099.wShewdeterminedwthewmedianwtowbew$1,359.

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, a. True




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