Fin 200 check point week eight quiz

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This document of FIN 200 CheckPoint Week Eight Quiz
includes answers to the next questions:
1) Firms exposed to the risk of interest rate changes may
reduce that risk by
A. hedging in the financialfutures market.
B. hedging in the commodities market.
C. pledging or factoring accountsreceivable.
D. obtaininga Eurodollarloan.
2) LIBOR is
A. an interest rate paidon Eurodollarloansin the London
market.
B. an interest rate paidby European firms when they borrow
Eurodollardeposits from U.S. banks.
C. the interest rate paid by the British government on its
long-term bonds.
D. a resource used in production.
3) A firm has invested in corporate bonds;it may engage in a
financialfutures contract in order to protect itself from
A. rising interest rates.
B. inflation.
C. changes in hedging activities.
D. declininginterest rates.
4) Commercial paper is very popularwith many firms
because
A. it satisfies the firm's need for long-term funds.
B. there are no required lines of credits at the bank.

2. C. it is very easy to roll over (refinance) in times of economic
turmoil.
D. it can usuallybe issued below the prime rate
5) Under what conditionsmust a distinctionbe made
between money to be received today and money to be
received in the future?
A. When idle money can earn a positive return.
B. When there is no risk of nonpaymentin the future.
C. When current interest rates are different from expected
future rates.
D. A period of recession.
6) As the time period until receipt increases, the present
value of an amount at a fixed interest rate
A. remains the same.
B. increases.
C. Not enough information to tell.
D. decreases.
7) To save for her newborn son's college education,Lea
Wilson will invest $1,000 at the beginningof each year for
the next 18 years. The interest rate is 12 percent. What is the
future value?
A. $34,931.
B. $63,440.
C. $55,750.
D. $7,690.
8) Mr. Nailorinvests $5,000 in a money market account at his
local bank. He receives annualinterest of 8% for 7 years. How
much return will hisinvestment earn during this time period?
A. $3,570
B. $6,254
C. $8,570

3. D. $2,915
3) Which of the following is the largest category of asset-
backed securities?
A. AutomobileLoans
B. Home Equity Loans
C. Manufactured Housing Loans
D. Student Loans
1) Commercial paper that is sold without the use of an actual
paper certificate is known as
A. dealer paper.
B. finance paper.
C. term paper.
D. book-entry paper.
5) Sharon Smith will receive $1 millionin 50 years. The
discount rate is 14%. As an alternative,she can receive
$2,000 today. Which should she choose?
A. $2,000 today.
B. the $1 milliondollarsin 50 years.
C. need more information.
D. she shouldbe indifferent
8) Kathy has $60,000 to invest today and would like to
determine whether it is realistic for her to achieve her goal of
buying a home for $150,000 in 10 years with this investment.
What return must she achieve in order to buy her home in 10
years?
A. between 8% and 9%
B. between 7% and 8%
C. between 10% and 11%
D. between 9% and 10%
Business - General Business

4. GM533 Week 1 Checkpoint
1. Question : Consider the following data on distances
traveled by people to visit the local amusement park and
calculatethe relative frequency for the shortest distance.
375
.150
.500
.300
.333
2. Question : The following is a relative frequency
distributionof grades in an introductory statistics course.
If this was the distributionof 200 students, find the
frequency of failures:
12
6
23
46
3
3. Question : A random sample of 12 joggers was asked to
keep track and report the number of miles they ran last
week. The responses are:
5.5 7.2 1.6 22.0 8.7 2.8 5.3 3.4 12.5 18.6 8.3 6.6
Compute the three statistics that measure central location.
Mean:6.9, Median:8.54
Mean:6.9, Median:9.64
Mean:8.54, Median:6.9
Mean:7.2, Median:8.12
Mean:7.8, Median:8.34
4. Question : In order to get maintaina 80% minimum, Sara
needs to earn at least a “B” in Statistics. A “B” is defines as a
mean test grade of 80 or more.

5. Below are Sara’s test grades for the course.
56 62 69 82 91 93 98
Sara has one more test to complete, for a total of eight test
grades for the course.
What score must Sara achieve on the remaining test to attain
a “B” in the Statistics?
89
91
99
85
94
5. Question : In order to control costs, a company wishes to
study the amount of money its sales force spends
entertainingclients. The following is a random sample of six
entertainment expenses (dinner costs for four people) from
expense reports submitted by numbers of the sales force.
$157 $132 $ 109 $145 $125 $139
CalculateMean, Variance, and Standard Deviation.Assuming
that the distributionon entertainment expenses is
approximatelynormally distributed, calculateestimate of
tolerances intervalcontaining95.44%.
[117.87, 151.13]
[101.23, 167.77]
[ 84.6, 184.40]
[117.87, 167.77]
[84.6, 151.13]
6. Question : Compute and interpret the Z-score for the
$157 entertainment expense. (Reminder: the six
entertainment expenses were: $157 $132 $ 109 $145
$125 $139)
0.35

6. -2.35
2.35
1.35
-1.35
7. Question : Calculatethe first, second, third Quartiles and
IQR of the following data:
10.5 14.7 15.3 17.7 15.9 12.2 10 14.1 13.9 18.5 13.9
15.1 14.7
Q1: 13.9, Q2: 14.7, Q3: 15.3, IQR: 1.40
Q1: 12.1, Q2: 14.3, Q3: 16.1, IQR: 4.00
Q1: 13.1, Q2: 14.0, Q3: 16.3, IQR: 3.20
Q1: 12.6, Q2: 14.8, Q3: 15.7, IQR: 3.10
Q1: 11.9, Q2: 13.7, Q3: 16.3, IQR: 2.45
8. Question : The following table shows the Price-to-
Earningsratio for a Stereo equipment manufacturing
company between 1998 and 2002.
Determine the percentage change in the P/E ratios from
1999 to 2000.
33.97%
31.53%
27.26%
-31.53%
-23.97%
9. Question : According to a survey of the top 10 employers
in a major city in the Midwest, a worker spends an average of
413 minutes a day on the job. Suppose the standard
deviationis 26.8 minutes and the time spent is approximately
a normal distribution.
What are the times that approximately 68.26% of all workers
will fall?
[332.6, 493.4]

7. [386.2, 493.4]
[312.6, 539.8]
[346.2, 419.8]
[386.2, 439.8]
10. Question : According to a survey of the top 10
employers in a major city in the Midwest, a worker spends an
average of 413 minutes a day on the job. Suppose the
standard deviationis 26.8 minutes and the time spent is
approximatelya normal distribution.
What are the times that approximately 99.73% of all workers
will fall?
[332.6, 493.4]
[386.2, 493.4]
[312.6, 539.8]
[346.2, 419.8]
[386.2, 439.8]
GM533 Week 2 Checkpoint
1. Question : Employees of a local university have been
classified according to gender and job type.
If an ...
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