PreCalc 11 Chapter 1 Review Pack v1 Answer Section

Size: px
Start display at page:

Download "PreCalc 11 Chapter 1 Review Pack v1 Answer Section"

Transcription

1 PreCalc 11 Chapter 1 Review Pack v1 Answer Section MULTIPLE CHOICE 1. ANS: A PTS: 1 DIF: Easy REF: 1.1 Arithmetic Sequences. ANS: A PTS: 1 DIF: Easy REF: 1.1 Arithmetic Sequences 3. ANS: B PTS: 1 DIF: Easy REF: 1.1 Arithmetic Sequences 4. ANS: B PTS: 1 DIF: Easy REF: 1.1 Arithmetic Sequences 5. ANS: C PTS: 1 DIF: Moderate REF: 1. Arithmetic Series 6. ANS: A PTS: 1 DIF: Difficult REF: 1. Arithmetic Series 7. ANS: D PTS: 1 DIF: Easy REF: 1.3 Geometric Sequences KEY: Conceptual Understanding 8. ANS: C PTS: 1 DIF: Easy REF: 1.3 Geometric Sequences 9. ANS: A PTS: 1 DIF: Difficult REF: 1.3 Geometric Sequences 10. ANS: B PTS: 1 DIF: Easy REF: 1.3 Geometric Sequences 11. ANS: C PTS: 1 DIF: Easy REF: 1.3 Geometric Sequences 1. ANS: A PTS: 1 DIF: Difficult REF: 1.3 Geometric Sequences KEY: Problem-Solving Skills Procedural Knowledge 13. ANS: D PTS: 1 DIF: Moderate REF: 1.4 Geometric Series 14. ANS: D PTS: 1 DIF: Easy REF: 1.4 Geometric Series 15. ANS: C PTS: 1 DIF: Moderate REF: 1.5 Graphing Geometric Sequences and Series KEY: Conceptual Understanding 16. ANS: C PTS: 1 DIF: Easy REF: 1.5 Graphing Geometric Sequences and Series KEY: Conceptual Understanding 17. ANS: B PTS: 1 DIF: Easy REF: 1.5 Graphing Geometric Sequences and Series KEY: Procedural Knowledge 18. ANS: C PTS: 1 DIF: Moderate REF: 1.5 Graphing Geometric Sequences and Series KEY: Conceptual Understanding 1

2 19. ANS: D PTS: 1 DIF: Moderate REF: 1.5 Graphing Geometric Sequences and Series KEY: Conceptual Understanding Procedural Knowledge 0. ANS: A PTS: 1 DIF: Easy REF: 1.6 Infinite Geometric Series 1. ANS: B PTS: 1 DIF: Easy REF: 1.6 Infinite Geometric Series KEY: Conceptual Understanding Procedural Knowledge. ANS: A PTS: 1 DIF: Easy REF: 1.6 Infinite Geometric Series 3. ANS: B PTS: 1 DIF: Easy REF: 1.6 Infinite Geometric Series 4. ANS: B PTS: 1 DIF: Moderate REF: 1.6 Infinite Geometric Series SHORT ANSWER 5. ANS: No, this could not be an arithmetic sequence because the difference between consecutive terms is not constant. PTS: 1 DIF: Easy REF: 1.1 Arithmetic Sequences LOC: 11.RF9 KEY: Conceptual Understanding 6. ANS: PTS: 1 DIF: Difficult REF: 1. Arithmetic Series LOC: 11.RF9 KEY: Conceptual Understanding 7. ANS: r = 1 5, t 5 = 5, t 6 = 1 PTS: 1 DIF: Moderate REF: 1.3 Geometric Sequences 8. ANS: PTS: 1 DIF: Moderate REF: 1.4 Geometric Series 9. ANS: The common ratio is 1, which is between 0 and 1, so the partial sums increase and approach a constant value. 3 PTS: 1 DIF: Moderate REF: 1.5 Graphing Geometric Sequences and Series KEY: Conceptual Understanding

3 30. ANS: r =1.7, so the sum is not finite. PTS: 1 DIF: Easy REF: 1.6 Infinite Geometric Series KEY: Conceptual Understanding Procedural Knowledge PROBLEM 31. ANS: a) 4, d 4 t is d 4, or 6 t 3 is t d 6, or 8 t 4 is t 3 d 8, or 10 t 5 is t 4 d 10, or 1 The first 5 terms are:4, 6, 8,10, 1 b) The arithmetic sequence has 4, d, and n 10. t n d(n 1) Substitute: 4, d, n (10 1) Solve for 0. 0 There are seats when 10 tables are arranged in a single row. PTS: 1 DIF: Moderate REF: 1.1 Arithmetic Sequences LOC: 11.RF9 KEY: Communication Problem-Solving Skills 3

4 3. ANS: a) Use:S n n È t ÎÍ 1 d(n 1) È ÎÍ (1) 3( 1) S S 715 Substitute: n, 1, d 3 b) Use:S n n È t ÎÍ 1 d(n 1) Substitute: n, t 1 7, d 4 È ÎÍ ( 7) ( 4)( 1) S S 1078 PTS: 1 DIF: Moderate REF: 1. Arithmetic Series LOC: 11.RF9 KEY: Conceptual Understanding Procedural Knowledge 33. ANS: The prices of the tickets form an arithmetic sequence with first 3 terms $95, $89, $83,... The total cost of Joe s tickets is the sum of the firs0 terms of the arithmetic series: $95 $89 $83... Use:S n n[ d(n 1)] Substitute: n 10, 95, d 6 10[(95) 6(10 1)] S 10 S To buy 1 ticket from each section, Joe will have to spend $680. PTS: 1 DIF: Difficult REF: 1. Arithmetic Series LOC: 11.RF9 KEY: Communication Conceptual Understanding Problem-Solving Skills 4

5 34. ANS: a) r is Use:t n r n 1 Substitute: t n 8, r 1 4, n Ê 1 ˆ 8 Á 4 51 Ê t 51 1 ˆ Á 4 18 Ê t ˆ Á 4 3 The first 3 terms are: 51, t 18, t 3 3 b) The sequence is convergent because the terms approach a constant value of 0. PTS: 1 DIF: Moderate REF: 1.3 Geometric Sequences KEY: Communication Conceptual Understanding Problem-Solving Skills 35. ANS: The geometric sequence has first term and common ratio. Use:t n r n 1 Substitute: , r, n 5 t () 5 1 t Term 5 is PTS: 1 DIF: Moderate REF: 1.3 Geometric Sequences KEY: Communication Problem-Solving Skills 5

6 36. ANS: Car When the value of the car decreases by 13.5%, the new value is 86.5% of the original value. To determine a depreciation value of 13.5%, multiply by The initial cost of the car is the first term. So, the value of the car at the end of 10 years is the 11th term. The values, in dollars, at the end of each year form a geometric sequence with first term and common ratio Use:t n r n 1 Substitute: , r 0.865, n (0.865) At the end of 10 years, the value of the car is $ Truck When the value of the truck decreases by 7.0%, the new value is 93% of the original value. To determine a depreciation value of 7.0%, multiply by The initial cost of the truck is the first term. So, the value of the truck at the end of 10 years is the 11th term. The values, in dollars, at the end of each year form a geometric sequence with first term and common ratio Use:t n r n 1 Substitute: 6 500, r 0.93, n (0.93) At the end of 10 years, the value of the truck is $ The truck will be worth more at the end of 10 years. PTS: 1 DIF: Difficult REF: 1.3 Geometric Sequences KEY: Communication Problem-Solving Skills 6

7 37. ANS: Use:S n (1 r n ) 1 r t Ê ˆ Á (1 64) So, the first term is 5., r 1 Substitute: n 6, S n 315, r PTS: 1 DIF: Moderate REF: 1.4 Geometric Series KEY: Problem-Solving Skills Procedural Knowledge 7

8 38. ANS: To determine, use: S n t (1 r n 1 ) 1 r Ê Á , r 1 Substitute:S 1 1, n 1, r 1 4 ˆ Ê 1 ˆ 1 Á The 1st jump is approximately 9.00 m. To determine t, use: t n r n 1 Substitute: , r 1 4, n Ê t ˆ Á 4 1 t.500 The nd jump is approximately.5 m. To determine t 3, use: t n r n 1 Substitute: , r 1 4, n 3 Ê t ˆ Á t The 3rd jump is approximately 0.56 m. PTS: 1 DIF: Difficult REF: 1.4 Geometric Series KEY: Communication Conceptual Understanding Problem-Solving Skills 8

9 39. ANS: Sample response: For the term values to alternate between positive and negative,and increase in numerical value, the common ratio must be less than 1; for example, with r 5, a possible sequence is: 4, 5, 5 4 4, 15 16, 65 64, ,... PTS: 1 DIF: Moderate REF: 1.5 Graphing Geometric Sequences and Series KEY: Communication Conceptual Understanding Procedural Knowledge 9

10 40. ANS: a) The common ratio is 3, which is greater than 1, so the term values increase. b) The common ratio is 3, which is greater than 1, so the partialsums increase. c) To graph the geometric series, determine the partial sums. S 1 S S 3 S 4 S 5 S 6 3 S S 1 t S 3 S t 3 S 4 S 3 t 4 S 5 S 4 t 5 S 6 S 5 t 6 S 3 (9) S 3 1 (7) S 4 39 (81) S 5 10 (43) S (79) S 1 S 3 39 S 4 10 S S

11 PTS: 1 DIF: Moderate REF: 1.5 Graphing Geometric Sequences and Series KEY: Communication Conceptual Understanding Procedural Knowledge 11

Sequences, Series, and Probability Part I

Sequences, Series, and Probability Part I Name Chapter 8 Sequences, Series, and Probability Part I Section 8.1 Sequences and Series Objective: In this lesson you learned how to use sequence, factorial, and summation notation to write the terms

More information

Chapter 8 Sequences, Series, and the Binomial Theorem

Chapter 8 Sequences, Series, and the Binomial Theorem Chapter 8 Sequences, Series, and the Binomial Theorem Section 1 Section 2 Section 3 Section 4 Sequences and Series Arithmetic Sequences and Partial Sums Geometric Sequences and Series The Binomial Theorem

More information

Rate of Change Quiz. Name: Class: Date: Multiple Choice Identify the choice that best completes the statement or answers the question.

Rate of Change Quiz. Name: Class: Date: Multiple Choice Identify the choice that best completes the statement or answers the question. Name: Class: Date: ID: A Multiple Choice Identify the choice that best completes the statement or answers the question.. In a linear equation, the independent variable increases at a constant rate while

More information

Finding the Sum of Consecutive Terms of a Sequence

Finding the Sum of Consecutive Terms of a Sequence Mathematics 451 Finding the Sum of Consecutive Terms of a Sequence In a previous handout we saw that an arithmetic sequence starts with an initial term b, and then each term is obtained by adding a common

More information

Grade 11 Essential Math Practice Exam

Grade 11 Essential Math Practice Exam Score: /42 Name: Grade 11 Essential Math Practice Exam Multiple Choice Identify the choice that best completes the statement or answers the question. 1. Which of the following would not be a correct description

More information

A model predicts that the adult population of the town will increase by 3% each year, forming a geometric sequence.

A model predicts that the adult population of the town will increase by 3% each year, forming a geometric sequence. 1. The adult population of a town is 25 000 at the end of Year 1. A model predicts that the adult population of the town will increase by 3% each year, forming a geometric sequence. (a) Show that the predicted

More information

AS Mathematics Assignment 7 Due Date: Friday 14 th February 2014

AS Mathematics Assignment 7 Due Date: Friday 14 th February 2014 AS Mathematics Assignment 7 Due Date: Friday 14 th February 2014 NAME. GROUP: MECHANICS/STATS Instructions to Students All questions must be attempted. You should present your solutions on file paper and

More information

Algebra II Quiz: Lessons 7.1 through 7.4 Review

Algebra II Quiz: Lessons 7.1 through 7.4 Review Class: Date: Algebra II Quiz: Lessons 7.1 through 7.4 Review Graph: 1. f( x) = 4 x 1 2. Graph the function: f( x) = 3 x 2 a. b. 3 c. d. 3. Find the y-intercept of the equation. y = 3 7 x a. 4 b. 21 c.

More information

The second and fourth terms of a geometric series are 7.2 and respectively.

The second and fourth terms of a geometric series are 7.2 and respectively. Geometric Series The second and fourth terms of a geometric series are 7.2 and 5.832 respectively. The common ratio of the series is positive. For this series, find (a) the common ratio, (c) the sum of

More information

Engineering Economy Chapter 4 More Interest Formulas

Engineering Economy Chapter 4 More Interest Formulas Engineering Economy Chapter 4 More Interest Formulas 1. Uniform Series Factors Used to Move Money Find F, Given A (i.e., F/A) Find A, Given F (i.e., A/F) Find P, Given A (i.e., P/A) Find A, Given P (i.e.,

More information

MAC Learning Objectives. Learning Objectives (Cont.)

MAC Learning Objectives. Learning Objectives (Cont.) MAC 1140 Module 12 Introduction to Sequences, Counting, The Binomial Theorem, and Mathematical Induction Learning Objectives Upon completing this module, you should be able to 1. represent sequences. 2.

More information

Math Multiple Choice Identify the choice that best completes the statement or answers the question.

Math Multiple Choice Identify the choice that best completes the statement or answers the question. Math 7-6.1 Multiple Choice Identify the choice that best completes the statement or answers the question. 1. Which are expressions? P: Q: 11 4x R: 4x 8 = 0 S: A) P and Q B) Q and S C) R and S D) P and

More information

Chapter 12. Sequences and Series

Chapter 12. Sequences and Series Chapter 12 Sequences and Series Lesson 1: Sequences Lesson 2: Arithmetic Sequences Lesson 3: Geometry Sequences Lesson 4: Summation Notation Lesson 5: Arithmetic Series Lesson 6: Geometric Series Lesson

More information

IB SL EXAM REVIEW and PRACTICE

IB SL EXAM REVIEW and PRACTICE IB SL EXM REVIEW and PRCTICE Topic: Sequence and Series; Binomial Expansion Look through Chapter 2(Sequence and Series) and Chapter 7(Binomial Expansion). The self tutor on your CD-Rom may be helpful.

More information

Getting Ready for Algebra 2 - Test 3 Review

Getting Ready for Algebra 2 - Test 3 Review Getting Ready for Algebra 2 - Test 3 Review Short Answer 1. Simplify the expression. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. Simplify the product using FOIL. 15. 16. Find the square. 17. Find the product.

More information

Chapter 8 Review - Solving Equations

Chapter 8 Review - Solving Equations Name: Class: Date: ID: A Chapter 8 Review - Solving Equations 1 A bag of marbles contains 36 red marbles There are one quarter as many purple marbles as there are red ones There are 3 times as many green

More information

Name: 8 th Math Points / What number is 100 times larger than 0.4? (1 pt) 2. What does 4³ mean? (1 pt)

Name: 8 th Math Points / What number is 100 times larger than 0.4? (1 pt) 2. What does 4³ mean? (1 pt) Name: 8 th Math Points /20 Growing, Growing, Growing Assessment Answer each question, making sure to show your work or provide an explanation or sketch to support your answer in the box. Circle final answer.

More information

Business Mathematics Lecture Note #9 Chapter 5

Business Mathematics Lecture Note #9 Chapter 5 1 Business Mathematics Lecture Note #9 Chapter 5 Financial Mathematics 1. Arithmetic and Geometric Sequences and Series 2. Simple Interest, Compound Interest and Annual Percentage Rates 3. Depreciation

More information

Mathematics for Economists

Mathematics for Economists Department of Economics Mathematics for Economists Chapter 4 Mathematics of Finance Econ 506 Dr. Mohammad Zainal 4 Mathematics of Finance Compound Interest Annuities Amortization and Sinking Funds Arithmetic

More information

Chapters_20_17_18_19_ProblemSession

Chapters_20_17_18_19_ProblemSession Chapters_20_17_18_19_ProblemSession Multiple Choice Identify the choice that best completes the statement or answers the question. Table 28-1 Labor Data for Wrexington Year 2004 2005 2006 Adult population

More information

Math Analysis Midterm Review. Directions: This assignment is due at the beginning of class on Friday, January 9th

Math Analysis Midterm Review. Directions: This assignment is due at the beginning of class on Friday, January 9th Math Analysis Midterm Review Name Directions: This assignment is due at the beginning of class on Friday, January 9th This homework is intended to help you prepare for the midterm exam. The questions are

More information

Geometric Sequences Ans

Geometric Sequences Ans IB Questionbank Mathematical Studies 3rd edition Geometric Sequences Ans 0 min 0 marks 1. (a) a 1 8 = 2 a = 4 2 1 = a 2 a = 4 (C1) (b) 8 2 7 2 2 5 = 0.0625 = 0.0625 (ft) (ft) (C2) (c) 12 1 8 1 2 = 16.0(3

More information

Pre-Calculus. Slide 1 / 145. Slide 2 / 145. Slide 3 / 145. Sequences and Series. Table of Contents

Pre-Calculus. Slide 1 / 145. Slide 2 / 145. Slide 3 / 145. Sequences and Series. Table of Contents Slide 1 / 145 Pre-Calculus Slide 2 / 145 Sequences and Series 2015-03-24 www.njctl.org Table of Contents s Arithmetic Series Geometric Sequences Geometric Series Infinite Geometric Series Special Sequences

More information

1. Geometric sequences can be modeled by exponential functions using the common ratio and the initial term.

1. Geometric sequences can be modeled by exponential functions using the common ratio and the initial term. 1 Geometric sequences can be modeled by exponential functions using the common ratio and the initial term Exponential growth and exponential decay functions can be used to model situations where a quantity

More information

Unit 7 Exponential Functions. Name: Period:

Unit 7 Exponential Functions. Name: Period: Unit 7 Exponential Functions Name: Period: 1 AIM: YWBAT evaluate and graph exponential functions. Do Now: Your soccer team wants to practice a drill for a certain amount of time each day. Which plan will

More information

Sequences and Series Revision Questions

Sequences and Series Revision Questions 1. Find the sum of the arithmetic series Sequences and Series Revision Questions 17 + 27 + 37 +...+ 417. 2. n arithmetic series has five terms. The first term is 2 and the last term is 32. Find the sum

More information

3.1 Simple Interest. Definition: I = Prt I = interest earned P = principal ( amount invested) r = interest rate (as a decimal) t = time

3.1 Simple Interest. Definition: I = Prt I = interest earned P = principal ( amount invested) r = interest rate (as a decimal) t = time 3.1 Simple Interest Definition: I = Prt I = interest earned P = principal ( amount invested) r = interest rate (as a decimal) t = time An example: Find the interest on a boat loan of $5,000 at 16% for

More information

Sequences, Series, and Limits; the Economics of Finance

Sequences, Series, and Limits; the Economics of Finance CHAPTER 3 Sequences, Series, and Limits; the Economics of Finance If you have done A-level maths you will have studied Sequences and Series in particular Arithmetic and Geometric ones) before; if not you

More information

Algebra 2 Final Exam

Algebra 2 Final Exam Algebra 2 Final Exam Name: Read the directions below. You may lose points if you do not follow these instructions. The exam consists of 30 Multiple Choice questions worth 1 point each and 5 Short Answer

More information

Stat 274 Theory of Interest. Chapter 3: Annuities. Brian Hartman Brigham Young University

Stat 274 Theory of Interest. Chapter 3: Annuities. Brian Hartman Brigham Young University Stat 274 Theory of Interest Chapter 3: Annuities Brian Hartman Brigham Young University Types of Annuities Annuity-immediate: Stream of payments at the end of each period. Annuity-due: Stream of payments

More information

Sequences and Series

Sequences and Series Edexcel GCE Core Mathematics C2 Advanced Subsidiary Sequences and Series Materials required for examination Mathematical Formulae (Pink or Green) Items included with question papers Nil Advice to Candidates

More information

Name: Common Core Algebra L R Final Exam 2015 CLONE 3 Teacher:

Name: Common Core Algebra L R Final Exam 2015 CLONE 3 Teacher: 1) Which graph represents a linear function? 2) Which relation is a function? A) B) A) {(2, 3), (3, 9), (4, 7), (5, 7)} B) {(0, -2), (3, 10), (-2, -4), (3, 4)} C) {(2, 7), (2, -3), (1, 1), (3, -1)} D)

More information

Quiz 4. Multiple Choice Identify the choice that best completes the statement or answers the question.

Quiz 4. Multiple Choice Identify the choice that best completes the statement or answers the question. Quiz 4 Multiple Choice Identify the choice that best completes the statement or answers the question. 1. When opening a restaurant you may need to buy ovens, freezers, tables, and cash registers. Economists

More information

How Much Money Should Dr. Evil Demand?

How Much Money Should Dr. Evil Demand? robertkaplinsky.com http://robertkaplinsky.com/work/dr-evil/ How Much Money Should Dr. Evil Demand? The Situation The Challenge(s) How much money should Dr. Evil demand? What would the inflation rate have

More information

Exponents Unit Notebook v2.notebook. November 09, Exponents. Table Of Contents. Section 1: Zero and Integer Exponents Objective: Nov 1-10:06 AM

Exponents Unit Notebook v2.notebook. November 09, Exponents. Table Of Contents. Section 1: Zero and Integer Exponents Objective: Nov 1-10:06 AM Exponents Nov 1-10:06 AM Table Of Contents Section 1: Zero and Integer Exponents Section 2: Section 3: Multiplication Properties of Exponents Section 4: Division Properties of Exponents Section 5: Geometric

More information

Random Variables Part 2

Random Variables Part 2 Random Variables Part 2 1 A P S T A T I S T I C S C H A P T E R 1 5 The theory of probabilities is simply the science of logic quantitatively treated. Charles Saunders Peirce (1839-1914) Behavior of Random

More information

SAMPLE. Financial arithmetic

SAMPLE. Financial arithmetic C H A P T E R 6 Financial arithmetic How do we determine the new price when discounts or increases are applied? How do we determine the percentage discount or increase applied, given the old and new prices?

More information

21.1 Arithmetic Growth and Simple Interest

21.1 Arithmetic Growth and Simple Interest 21.1 Arithmetic Growth and Simple Interest When you open a savings account, your primary concerns are the safety and growth of your savings. Suppose you deposit $100 in an account that pays interest at

More information

Chapter 8 To Infinity and Beyond: LIMITS

Chapter 8 To Infinity and Beyond: LIMITS ANSWERS Mathematics 4 (Mathematical Analysis) page 1 Chapter 8 To Infinity and Beyond: LIMITS LM-. LM-3. f) If the procedures are followed accurately, all the last acute angles should be very close to

More information

10-3 Probability Distributions

10-3 Probability Distributions Identify the random variable in each distribution, and classify it as discrete or continuous. Explain your reasoning. 1. the number of pages linked to a Web page The random variable X is the number of

More information

Year 10 General Maths Unit 2

Year 10 General Maths Unit 2 Year 10 General Mathematics Unit 2 - Financial Arithmetic II Topic 2 Linear Growth and Decay In this area of study students cover mental, by- hand and technology assisted computation with rational numbers,

More information

Number & Algebra: Strands 3 & 4

Number & Algebra: Strands 3 & 4 Number & Algebra: Strands 3 & 4 #1 A Relations Approach to Algebra: Linear Functions #2 A Relations Approach to Algebra: Quadratic, Cubic & Exponential Functions #3 Applications of Sequences & Series #4

More information

Econ Ch. 9 Practice Test II

Econ Ch. 9 Practice Test II Econ Ch. 9 Practice Test II Multiple Choice Identify the choice that best completes the statement or answers the question. 1. The incidence of a tax can more effectively be shifted from the supplier to

More information

4.2 Therapeutic Concentration Levels (BC)

4.2 Therapeutic Concentration Levels (BC) 4.2 Therapeutic Concentration Levels (BC) Introduction to Series Many important sequences are generated through the process of addition. In Investigation 1, you see a particular example of a special type

More information

Lesson 21: Comparing Linear and Exponential Functions Again

Lesson 21: Comparing Linear and Exponential Functions Again : Comparing Linear and Exponential Functions Again Student Outcomes Students create models and understand the differences between linear and exponential models that are represented in different ways. Lesson

More information

Probability mass function; cumulative distribution function

Probability mass function; cumulative distribution function PHP 2510 Random variables; some discrete distributions Random variables - what are they? Probability mass function; cumulative distribution function Some discrete random variable models: Bernoulli Binomial

More information

ECON 2301 TEST 2 Study Guide. Fall 2012

ECON 2301 TEST 2 Study Guide. Fall 2012 ECON 2301 TEST 2 Study Guide Fall 2012 Instructions: 33 multiple-choice questions, each with 4 responses Students need to bring: (1) Sanddollar ID card; (2) scantron Form 882-E; (3) pencil; (4) calculator

More information

ECON 2301 TEST 3 Study Guide. Spring 2013

ECON 2301 TEST 3 Study Guide. Spring 2013 ECON 2301 TEST 3 Study Guide Spring 2013 Instructions: 33 multiple-choice questions, each with 4 responses Students need to bring: (1) Sanddollar ID card; (2) scantron Form 882-E; (3) pencil; (4) calculator

More information

Cost (in dollars) 0 (free) Number of magazines purchased

Cost (in dollars) 0 (free) Number of magazines purchased Math 1 Midterm Review Name *****Don t forget to study the other methods for solving systems of equations (substitution and elimination) as well as systems of linear inequalities and line of best fit! Also,

More information

FUNCTIONS. Revenue functions and Demand functions

FUNCTIONS. Revenue functions and Demand functions Revenue functions and Demand functions FUNCTIONS The Revenue functions are related to Demand functions. ie. We can get the Revenue function from multiplying the demand function by quantity (x). i.e. Revenue

More information

Chapter 3 Mathematics of Finance

Chapter 3 Mathematics of Finance Chapter 3 Mathematics of Finance Section 2 Compound and Continuous Interest Learning Objectives for Section 3.2 Compound and Continuous Compound Interest The student will be able to compute compound and

More information

Patterns and Algebra Workbook 8, Part 1

Patterns and Algebra Workbook 8, Part 1 Patterns and Algebra Workbook 8, Part 1 Worksheet PA8-1 page 9 1. a) ; 1; 16 b) +6; +6 0; 6; c) +; + 19; ; 9 d) 1; 1; 1. a) ; 8; ; b) ; ; 69; 6 c) 6; 1; 6 d) 8; 8; 8 ; 6; 9. a) +1; +; +; +; +9 b) ; ; ;

More information

Financial Calculations

Financial Calculations . Features Used seq( ), SEQUENCE, solve( ), Í, Σ( sum, ±, NewProb Chapter 15 Setup 1 NewFold econ Financial Calculations This chapter describes how to use the TI-89 to calculate interest, present worth,

More information

Arithmetic and Geometric Sequence Word Problems

Arithmetic and Geometric Sequence Word Problems Name Date 6-11 Arithmetic and Geometric Series Word Problems Arithmetic and Geometric Sequence Word Problems How do you determine if a word problem is referring to an arithmetic sequence or a geometric

More information

CHAPTER 5. Introduction to Risk, Return, and the Historical Record INVESTMENTS BODIE, KANE, MARCUS. McGraw-Hill/Irwin

CHAPTER 5. Introduction to Risk, Return, and the Historical Record INVESTMENTS BODIE, KANE, MARCUS. McGraw-Hill/Irwin CHAPTER 5 Introduction to Risk, Return, and the Historical Record McGraw-Hill/Irwin Copyright 2011 by The McGraw-Hill Companies, Inc. All rights reserved. 5-2 Interest Rate Determinants Supply Households

More information

Common Core Algebra L clone 4 review R Final Exam

Common Core Algebra L clone 4 review R Final Exam 1) Which graph represents an exponential function? A) B) 2) Which relation is a function? A) {(12, 13), (14, 19), (11, 17), (14, 17)} B) {(20, -2), (24, 10), (-21, -5), (22, 4)} C) {(34, 8), (32, -3),

More information

Chapter 03 - Basic Annuities

Chapter 03 - Basic Annuities 3-1 Chapter 03 - Basic Annuities Section 3.0 - Sum of a Geometric Sequence The form for the sum of a geometric sequence is: Sum(n) a + ar + ar 2 + ar 3 + + ar n 1 Here a = (the first term) n = (the number

More information

7.5 exponential growth and decay 2016 ink.notebook. February 13, Page 69. Page Exponential Growth and Decay. Standards.

7.5 exponential growth and decay 2016 ink.notebook. February 13, Page 69. Page Exponential Growth and Decay. Standards. 7.5 exponential growth and decay 2016 ink.notebook Page 69 Page 70 7.5 Exponential Growth and Decay Lesson Objectives Standards Lesson Notes Page 71 7.5 Exponential Growth and Decay Press the tabs to view

More information

Smartboard Jeopardy. Lesson Notes. Jeopardy Board. unit 8 review jeopardy.notebook. January 30, 2014

Smartboard Jeopardy. Lesson Notes. Jeopardy Board. unit 8 review jeopardy.notebook. January 30, 2014 Smartboard Jeopardy Lesson notes Title Page Lesson Notes Directions for using this Smartboard Jeopardy template. Double click on the Category names to edit and change. Edit each of the Question pages with

More information

The Time Value of Money

The Time Value of Money CHAPTER 4 NOTATION r interest rate C cash flow FV n future value on date n PV present value; annuity spreadsheet notation for the initial amount C n cash flow at date n N date of the last cash flow in

More information

14.02 Principles of Macroeconomics Quiz # 1, Questions

14.02 Principles of Macroeconomics Quiz # 1, Questions 14.02 Principles of Macroeconomics Quiz # 1, Questions N ame: Signature: Date : Read all questions carefully and completely before beginning the exam. There are two sections and ten Pages make sure you

More information

Disposable income (in billions)

Disposable income (in billions) Section 4 version 2 Multiple Choice Identify the choice that best completes the statement or answers the question. 1. An increase in the MPC: A. increases the multiplier. B. shifts the autonomous investment

More information

Test 4 Economics 224 Chappell November 17, 2010

Test 4 Economics 224 Chappell November 17, 2010 Test 4 Economics 224 Chappell November 17, 2010 First Name Last Name Last 5 Digits of Student Number (Social Security Number): Instructions: Read These! _ You have 50 minutes to complete this test. Please

More information

My Notes CONNECT TO HISTORY

My Notes CONNECT TO HISTORY SUGGESTED LEARNING STRATEGIES: Shared Reading, Summarize/Paraphrase/Retell, Create Representations, Look for a Pattern, Quickwrite, Note Taking Suppose your neighbor, Margaret Anderson, has just won the

More information

Chapter 04 - More General Annuities

Chapter 04 - More General Annuities Chapter 04 - More General Annuities 4-1 Section 4.3 - Annuities Payable Less Frequently Than Interest Conversion Payment 0 1 0 1.. k.. 2k... n Time k = interest conversion periods before each payment n

More information

Algebra I Module 3 Lessons 1 7

Algebra I Module 3 Lessons 1 7 Eureka Math 2015 2016 Algebra I Module 3 Lessons 1 7 Eureka Math, Published by the non-profit Great Minds. Copyright 2015 Great Minds. No part of this work may be reproduced, distributed, modified, sold,

More information

CH 8. Name: Class: Date: Multiple Choice Identify the choice that best completes the statement or answers the question.

CH 8. Name: Class: Date: Multiple Choice Identify the choice that best completes the statement or answers the question. Class: Date: CH 8 Multiple Choice Identify the choice that best completes the statement or answers the question. 1. Tax incidence is the a. burden buyers have to absorb from a tax on goods and services.

More information

Annuities: Present Value

Annuities: Present Value 8.5 nnuities: Present Value GOL Determine the present value of an annuity earning compound interest. INVESTIGTE the Math Kew wants to invest some money at 5.5%/a compounded annually. He would like the

More information

Chapter 9 Section 9.1 (page 649)

Chapter 9 Section 9.1 (page 649) CB_AN.qd // : PM Page Precalculus with Limits, Answers to Section. Chapter Section. (page ) Vocabular Check (page ). infinite sequence. terms. finite. recursivel. factorial. summation notation 7. inde;

More information

Sequences and series assessment

Sequences and series assessment Red ) a) Find the sum of all the integers between and 000 which are divisible by 7 [3] b) 42 Hence, or otherwise, evaluate (7r + 2) r= [2] 2) The first three terms of an arithmetic series are k, 7.5, and

More information

X ln( +1 ) +1 [0 ] Γ( )

X ln( +1 ) +1 [0 ] Γ( ) Problem Set #1 Due: 11 September 2014 Instructor: David Laibson Economics 2010c Problem 1 (Growth Model): Recall the growth model that we discussed in class. We expressed the sequence problem as ( 0 )=

More information

7-4. Compound Interest. Vocabulary. Interest Compounded Annually. Lesson. Mental Math

7-4. Compound Interest. Vocabulary. Interest Compounded Annually. Lesson. Mental Math Lesson 7-4 Compound Interest BIG IDEA If money grows at a constant interest rate r in a single time period, then after n time periods the value of the original investment has been multiplied by (1 + r)

More information

tj= =n+6 U7D1 SEQUENCES AND SERIES Introduction A function can be used to generate a sequence of numbers Example: 1(x) = x2 generates

tj= =n+6 U7D1 SEQUENCES AND SERIES Introduction A function can be used to generate a sequence of numbers Example: 1(x) = x2 generates U7D1 SEQUENCES AND SERIES Introduction A function can be used to generate a sequence of numbers Example: 1(x) = x2 generates We have the sequence 1, 4, 9, 16 Thus a sequence is the set of numbers generated

More information

Chapter 4 and Chapter 5 Test Review Worksheet

Chapter 4 and Chapter 5 Test Review Worksheet Name: Date: Hour: Chapter 4 and Chapter 5 Test Review Worksheet You must shade all provided graphs, you must round all z-scores to 2 places after the decimal, you must round all probabilities to at least

More information

1.) (10 points) Use the quantity theory of money equation to solve the following problem:

1.) (10 points) Use the quantity theory of money equation to solve the following problem: Exam #2 (ANSWERS) ECNS 303 Name 1.) (10 points) Use the quantity theory of money equation to solve the following problem: Consider the market for bread. Suppose 50 loaves of bread are sold in a year at

More information

1. D The pollution your car puts into the air is a cost that is absorbed by society as a whole.

1. D The pollution your car puts into the air is a cost that is absorbed by society as a whole. www.liontutors.com ECON 102 Kagundu Exam 2 Practice Exam Solutions 1. D The pollution your car puts into the air is a cost that is absorbed by society as a whole. 2. A Price elasticity of demand. This

More information

Chapter 6 Finance. 5.5 Annuities and Amortization Using Recursive Sequences

Chapter 6 Finance. 5.5 Annuities and Amortization Using Recursive Sequences Chapter 6 Finance 5.5 Annuities and Amortization Using Recursive Sequences 3. Credit Card Debt John has a balance of $3000 on his credit card that charges 1% interest per month on any unpaid balance. John

More information

4: Single Cash Flows and Equivalence

4: Single Cash Flows and Equivalence 4.1 Single Cash Flows and Equivalence Basic Concepts 28 4: Single Cash Flows and Equivalence This chapter explains basic concepts of project economics by examining single cash flows. This means that each

More information

ECON 2301 TEST 2 Study Guide. Spring 2014

ECON 2301 TEST 2 Study Guide. Spring 2014 ECON 2301 TEST 2 Study Guide Spring 2014 Instructions: 40 multiple-choice questions, each with 4 responses Students need to bring: (1) Sanddollar ID card; (2) scantron Form 882-E; (3) pencil; (4) calculator

More information

Math489/889 Stochastic Processes and Advanced Mathematical Finance Homework 4

Math489/889 Stochastic Processes and Advanced Mathematical Finance Homework 4 Math489/889 Stochastic Processes and Advanced Mathematical Finance Homework 4 Steve Dunbar Due Mon, October 5, 2009 1. (a) For T 0 = 10 and a = 20, draw a graph of the probability of ruin as a function

More information

Chapter 18. Equity Valuation Models

Chapter 18. Equity Valuation Models Chapter 18 Equity Valuation Models Models of Equity Valuation Balance Sheet Models Book Value Dividend Discount Models Price/Earning Ratios 2 Intrinsic Value and Market Price Intrinsic Value Self assigned

More information

Lesson 4: Real World Problems Using Inequalities

Lesson 4: Real World Problems Using Inequalities Lesson 4: Real World Problems Using Inequalities Key Words in Real World Problems that Involve Inequalities Example 1 Keith must rent a truck for the day to clean up the house and yard. Home Store Plus

More information

Warm up. Seek and Solve!!!

Warm up. Seek and Solve!!! Warm up Seek and Solve!!! Seek and Solve Answers: 0 2 DNE 3 Investigation # 1 Use the graph of y = 2 below to find the following limits: 1. lim x 2 2 = 3 2. lim x 0 2 = 3 3 3. lim x 3 2 = 3 Basic Limit

More information

Department of Mathematics

Department of Mathematics Department of Mathematics TIME: 3 Hours Setter: AM DATE: 27 July 2015 GRADE 12 PRELIM EXAMINATION MATHEMATICS: PAPER I Total marks: 150 Moderator: JH Name of student: PLEASE READ THE FOLLOWING INSTRUCTIONS

More information

Mathematics Department A BLOCK EXAMINATION CORE MATHEMATICS PAPER 1 SEPTEMBER Time: 3 hours Marks: 150

Mathematics Department A BLOCK EXAMINATION CORE MATHEMATICS PAPER 1 SEPTEMBER Time: 3 hours Marks: 150 Mathematics Department A BLOCK EXAMINATION CORE MATHEMATICS PAPER 1 SEPTEMBER 2014 Examiner: Mr S B Coxon Moderator: Mr P Stevens Time: 3 hours Marks: 150 PLEASE READ THE INSTRUCTIONS CAREFULLY 1. This

More information

CS 188 Fall Introduction to Artificial Intelligence Midterm 1. ˆ You have approximately 2 hours and 50 minutes.

CS 188 Fall Introduction to Artificial Intelligence Midterm 1. ˆ You have approximately 2 hours and 50 minutes. CS 188 Fall 2013 Introduction to Artificial Intelligence Midterm 1 ˆ You have approximately 2 hours and 50 minutes. ˆ The exam is closed book, closed notes except your one-page crib sheet. ˆ Please use

More information

Practice Midterm 1 Econ 2305

Practice Midterm 1 Econ 2305 Name: Practice Midterm 1 Econ 2305 Multiple Choice Identify the choice that best completes the statement or answers the question. 1. Which two groups of decision makers are included in the simple circular-flow

More information

Chapter 9 Test. Name: Class: Date: True/False Indicate whether the statement is true or false.

Chapter 9 Test. Name: Class: Date: True/False Indicate whether the statement is true or false. Name: Class: Date: ID: A Chapter 9 Test True/False Indicate whether the statement is true or false. 1. Supply and demand are used to predict the incidence of a tax. 2. The two principles of taxation are

More information

Cable TV

Cable TV www.liontutors.com ECON 102 Wooten Exam 2 Practice Exam Solutions 1. Excludable Non-excludable Rival Private goods: Food, furniture Common pool goods: Hunting Non-rival Club goods: Cable TV Public goods:

More information

9. In the figure, at an interest rate of 4 percent, the

9. In the figure, at an interest rate of 4 percent, the Econ 1204 001 Final Exam All questions are worth 10 points and must go on a blue scantron. They will not be scored on this exam or on another color scantron. 1. Trade between countries a. allows each country

More information

Chapter 2 Determination of Interest Rates

Chapter 2 Determination of Interest Rates Chapter 2 Determination of Interest Rates MULTIPLE CHOICE 1. The level of installment debt as a percentage of disposable income is generally during recessionary periods. a. higher b. lower c. zero d. negative

More information

Common Review of Graphical and Algebraic Methods

Common Review of Graphical and Algebraic Methods Common Review of Graphical and Algebraic Methods The questions in this review are in pairs. An algebraic version followed by a graph version. Each pair has the same answers. However, do them separately

More information

Chapter 6 Analyzing Accumulated Change: Integrals in Action

Chapter 6 Analyzing Accumulated Change: Integrals in Action Chapter 6 Analyzing Accumulated Change: Integrals in Action 6. Streams in Business and Biology You will find Excel very helpful when dealing with streams that are accumulated over finite intervals. Finding

More information

2.6.3 Interest Rate 68 ESTOLA: PRINCIPLES OF QUANTITATIVE MICROECONOMICS

2.6.3 Interest Rate 68 ESTOLA: PRINCIPLES OF QUANTITATIVE MICROECONOMICS 68 ESTOLA: PRINCIPLES OF QUANTITATIVE MICROECONOMICS where price inflation p t/pt is subtracted from the growth rate of the value flow of production This is a general method for estimating the growth rate

More information

MFE/3F Study Manual Sample from Chapter 10

MFE/3F Study Manual Sample from Chapter 10 MFE/3F Study Manual Sample from Chapter 10 Introduction Exotic Options Online Excerpt of Section 10.4 his document provides an excerpt of Section 10.4 of the ActuarialBrew.com Study Manual. Our Study Manual

More information

ECON385: A note on the Permanent Income Hypothesis (PIH). In this note, we will try to understand the permanent income hypothesis (PIH).

ECON385: A note on the Permanent Income Hypothesis (PIH). In this note, we will try to understand the permanent income hypothesis (PIH). ECON385: A note on the Permanent Income Hypothesis (PIH). Prepared by Dmytro Hryshko. In this note, we will try to understand the permanent income hypothesis (PIH). Let us consider the following two-period

More information

. Write the series, substituting the appropriate values for t 1. t 2. t 1. t 3

. Write the series, substituting the appropriate values for t 1. t 2. t 1. t 3 Geometric Series 2.3 A large telemarketing call centre will be closed on Monday due to an ice storm, and the employees are notified on Sunday. The company has already set up an emergency phone tree. The

More information

5.6 Special Products of Polynomials

5.6 Special Products of Polynomials 5.6 Special Products of Polynomials Learning Objectives Find the square of a binomial Find the product of binomials using sum and difference formula Solve problems using special products of polynomials

More information

SYLLABUS AND SAMPLE QUESTIONS FOR MS(QE) Syllabus for ME I (Mathematics), 2012

SYLLABUS AND SAMPLE QUESTIONS FOR MS(QE) Syllabus for ME I (Mathematics), 2012 SYLLABUS AND SAMPLE QUESTIONS FOR MS(QE) 2012 Syllabus for ME I (Mathematics), 2012 Algebra: Binomial Theorem, AP, GP, HP, Exponential, Logarithmic Series, Sequence, Permutations and Combinations, Theory

More information

Using the Maximin Principle

Using the Maximin Principle Using the Maximin Principle Under the maximin principle, it is easy to see that Rose should choose a, making her worst-case payoff 0. Colin s similar rationality as a player induces him to play (under

More information