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**QRB/501 Sample Final Examination
**

This Sample Examination represents the Final Examination that students complete in Week Six. As in the following Sample Examination, the Final Examination includes questions that assess the course objectives. Although the Sample Examination includes one question per objective, the Final Examination includes three questions per course objective. Refer to the questions in the following Sample Examination to represent the type of questions that students will be asked in the Final Examination. Refer students to the weekly readings and content outlines for each week as study references for the Final Examination.

Week One: Working with Numbers and Formulas Objective: Write mathematical expressions and equations for word problems. 1. Write the following phrase as an algebraic expression: The sum of 18 and twice a number. 20x 18 + 2x x = –9 18 + x Objective: Apply the rules for order of operations, including exponents, in solving problems. 2. Simplify: 37 – 42 ÷ 2(3) a. 3.5 b. 61 c. 34 1/3 d. 13 Objective: Identify dependent and independent variables and their relationships. 3. Identify the variable, constant, and coefficient of the expression: –10k + 15. a. variable: k, constant: 15, coefficient: –10 b. variable: 15, constant: –10, coefficient: k c. variable: –10, constant: k, coefficient: 15 d. variable: k, constant: –10, coefficient: 15 Week Two: Business Applications Objective: Solve simultaneous equations algebraically. 4. Solve the system of equations: – x + 3y = 4 –2x + 6y = 8 a. { (x,y) │ x + y = 9 } b. { (x,y) │ x – y = 2 } c. { (x,y) │ 2x + 6y = –8 } d. { (x,y) │ x – 3y = –4 } Objective: Use time series data to forecast.

a. b. c. d.

A slope of –4 moves 4 units up for every 1 unit to the right. 20 b. 9 b. 150 c. 7. c. b. 300 d. there has been a decline of 25 percentage points from the base period d. d. What class width would you use if you wanted 5 classes? a. Which statement best describes the slope of the regression line? a. 200 Objective: Determine the value of a slope by using the slope–intercept formula. 10 d. Objective: Convert data to indices. It is always greater than 1. What is the slope of the line: y = 2x + 3 a.Sample Final Examination QRB/501 Version 2 No questions available for this objective at this time.200 and $3. It is the change in y for a unit change in x. 1 Objective: Conduct a linear regression analysis. Week Four: Time Value of Money Objective: Calculate the time value of money. 2 . 9. 2 b. 6. 12 c. 3 c. How many years will it take for an investment to double. there was in increase of 25 percent Week Three: Visual Representations of Quantities Objective: Construct histograms an bivariate plots. What can be concluded about an index of 75? a.The monthly incomes for a group of 100 engineers is ranges between $2. It is a positive number. 7 Week Five: Decision Making with Uncertainty Objective: Construct a frequency distribution.700. 5. an error was made because an index cannot be less than 100 b. compounded annually? a. 1/2 d. if the interest rate is 8% per year. there was no change because the starting index is 75 c. 8.

3 . All rights reserved. z–score d. Variance is the square root of the standard deviation b. Variance is twice the standard deviation d. The difference between a histogram and a frequency polygon is a.Sample Final Examination QRB/501 Version 2 10. The histogram employs bars whereas the midpoints are connected for a frequency polygon Objective: Compare measures of central tendency and measures of dispersion. 11. Copyright © 2010 Key College Publishing. All rights reserved. The frequency polygon is reported as a percent b. Standard frequency distribution c. Binomial probability distribution Week Six: Quantitative Reasoning for Business Objective: Apply quantitative reasoning to business problems. This exam contains third-party copyrighted materials. All rights reserved. Variance is the square of the standard deviation c. Copyright © 2010 Pearson Education. Frequency distribution b. No constant relationship between the variance and the standard deviation exists Objective: Construct a normal distribution. Portions are: Copyright © 2010 University of Phoenix. No questions available for this objective at this time. What is the relationship between the variance and the standard deviation? a. 12. Bars cannot be adjacent in a histogram c. Open–ended classes can be accommodated with a frequency polygon d. What is the distribution with a mean of 0 and a standard deviation of 1 called? a.

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