Sample Final Examination 1

QRB/501 Version 2

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.
a. 20x
b. 18 + 2x
c. x = –9
d. 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.

 Sample Final Examination 2
QRB/501 Version 2

No questions available for this objective at this time.

Objective: Convert data to indices.

5. What can be concluded about an index of 75?

a. an error was made because an index cannot be less than 100
b. there was no change because the starting index is 75
c. there has been a decline of 25 percentage points from the base period
d. there was in increase of 25 percent

Week Three: Visual Representations of Quantities

Objective: Construct histograms an bivariate plots.

6.The monthly incomes for a group of 100 engineers is ranges between $2,200 and $3,700. What class
width would you use if you wanted 5 classes?
a. 20
b. 150
c. 300
d. 200

Objective: Determine the value of a slope by using the slope–intercept formula.

7. What is the slope of the line: y = 2x + 3

a. 2
b. 3
c. 1/2
d. 1
Objective: Conduct a linear regression analysis.

8. Which statement best describes the slope of the regression line?

a. It is always greater than 1.
b. It is a positive number.
c. It is the change in y for a unit change in x.
d. A slope of –4 moves 4 units up for every 1 unit to the right.
Week Four: Time Value of Money

Objective: Calculate the time value of money.

9. How many years will it take for an investment to double, if the interest rate is 8% per year, compounded
annually?
a. 9
b. 12
c. 10
d. 7
Week Five: Decision Making with Uncertainty

Objective: Construct a frequency distribution.

 Sample Final Examination 3
QRB/501 Version 2

10. The difference between a histogram and a frequency polygon is

a. The frequency polygon is reported as a percent
b. Bars cannot be adjacent in a histogram
c. Open–ended classes can be accommodated with a frequency polygon
d. The histogram employs bars whereas the midpoints are connected for a frequency
polygon

Objective: Compare measures of central tendency and measures of dispersion.

11. What is the relationship between the variance and the standard deviation?
a. Variance is the square root of the standard deviation
b. Variance is the square of the standard deviation
c. Variance is twice the standard deviation
d. No constant relationship between the variance and the standard deviation exists
Objective: Construct a normal distribution.

12. What is the distribution with a mean of 0 and a standard deviation of 1 called?
a. Frequency distribution
b. Standard frequency distribution
c. z–score
d. Binomial probability distribution
Week Six: Quantitative Reasoning for Business

Objective: Apply quantitative reasoning to business problems.

No questions available for this objective at this time.

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