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Grading SheetBudget ExpensesRequirements Answer each question ful.docx
- 1. Grading SheetBudget ExpensesRequirements: Answer each question fully. Answers must be recorded on the worksheet. EXCEL FORMULAS MUST BE USED. Points PossiblePoints EarnedCommentsLocation identified2Travel Expenses identified and calculated for the entire group with an Excel formula14Lodging Expenses identified and calculated for the entire group with an Excel formula14Food Expenses identified and calculated for the entire group with an Excel formula14Entertainment Expenses identified and calculated for the entire group with an Excel formula14Total Budget2Question 1 total600LoansRequirements: Answer each question fully. Answers must be recorded on the worksheet. EXCEL FORMULAS MUST BE USED. Possible PointsPoints EarnedCommentsCalculations for both loans are correct21Explain in 25 to 100 words which loan is the best option and why.14Question 2 total350StatsRequirements: Answer each question fully. Answers must be recorded on the worksheet. EXCEL FORMULAS MUST BE USED. Points PossiblePoints EarnedCommentsMean, Median, Mode6Range, Minimum, Maximum3Standard Deviation4Frequency Distribution6Histogram6z-Score5Question 3 total300Worksheet 1Total for Worksheet 11250 Budget ExpensesLocationMiami BeachBudget Total: $8,094.24TransportationItemQtyPrice eachTotal priceSourceDescriptionnumbersNumber or NAFormulasLink or citationPlane Tickect roundtrip (Non stop Oneworld Airline)6$301$1,806Fright to MiamiUber Taxi (Airport to Resort Beach)2$38.64$77.28Uber taxi fairDaily town service (7 days)14$23.88$334.32Uber taxi town serviceUber Taxi (Resort Beach to Airport)2$38.64$77.28Uber taxi fair(Add rows as needed)LodgingItemQtyPrice eachTotal priceDescriptionnumbersNumber or NAFormulasLink or citationHotel logde ( 3 rooms: 2 adulst/room, $441/night for 7 days) Free breakfast1$3,087.00$3,087.00Autograph Collection
- 2. Hotel(add rows as needed)Food ItemQtyPrice eachTotal priceDescriptionnumbersNumber or NAFormulasLink or citationGroceries ($11.57/day per person) for 7 days6$80.99$485.94GroceryFruits: Oranges ($1.62/day per person) for 7 days6$11.34$68.04Grocery(add rows as needed)Entertainment and Misc.ItemQtyPrice eachTotal priceNumbersnumbersNumber or NAFormulasLink or citationNorth Bay Village (Uber taxi) 2nd day3$29.52$88.56Uber taxi to North Bay VillageMarlins Tickets - 3rd day6$31.76$190.56Marlins TicketsMiami Dolphins Tickets - 4th day6$86.36$518.16Miami Dolphins TicketsMiami's famous Art Basel (Combined) - 5th day6$75.00$450.00Miami Art BaselMiami's cultural spot (Calle Ocho) - 6th day6$1.85$11.10Calle OchoMiscelleneous Expenses6$150.00$900.00(add rows as needed) You are going on a dream vacation with five of your closest friends for a week. Since you are taking a math course, your friends asked you to come up with a budget to see how much it will cost each of you. Please identify your location in the US and then determine the total costs - remember to be thorough so the group does not run out of money. Your expense list must include the following (this means that you cannot book an all- expenses paid trip) • Travel expenses, such as plane or bus fare, local travel within the area. • Lodging expenses. If you plan to camp, you will include expenses for your camping gear. • Food expenses while you are on your trip. One way to do this is to research cost of living in your destination county to find out what a local family would expect to budget to pay for food. Another is to research local restaurants and groceries. • Entertainment or activity expenses and/or miscellaneous expenses that may occur.https://www.google.com/travel/explore?tfs=CBsQAxooag wIAxIIL20vMGN5OHYSCjIwMjAtMDItMTdyDAgEEggvbS8w MnhyeRooagwIBBIIL20vMDJ4cnkSCjIwMjAtMDItMjFyDAgD
- 4. per year (n)1212time in years (t)11Payment (PMT)$719.16$707.82Total Paid$8,629.96$8,493.79Interest Paid$535.72$399.55SourceFirst EagleFreedomcu.org Suppose you all decide you want to finance the trip with a loan. Find two different available offers (the internet is a good source). Make sure the interest rate and loan length are both different in each option. Calculate the monthly payment amount, the total amount you will pay over the life of the loan and the total interest you will pay. NOTE: Do not provide personal information on the internet. You can find loan rates on major bank and credit union websites without providing personal information. Loan payment formula: PMT = P*(r/n)/(1 - (1 + r/n)^(-n*t)) PMT is the payment required to pay off a loan of $P at interest rate, r%, compounded n times per year for t years. You must use Excel formulas including cell references to calculate the loan payment, total paid and interest paid. Discuss which loan would be a better option and why: (14 points!) The personal loan from Freedom bank (loan B) is the best option for us. The loan has a lower annual interest rate (APR) of at minimum 8.99% and a maximum of 17.99% with good credit ratings. Since the APR is lowere, th PMT is affordable ($707.82) per month and compared to First Eagle bank. Finally, the total intest paid for the loan is cheaper than loan A by more that $135. Hence, loan B is better for our vacation financehttps://www.firsteaglefcu.com/vacation- loans/https://www.freedomcu.org/rates/rates.html StatsDataInterval1.567.5←Copy the data from the Data tab. Make sure and paste as "Values (V)" (icon with "123") so that this data does not regenerate every time you change the sheet.Frequency Distribution72.4←LowHighBinsCumulative
- 5. FrequencyFrequency71.3←60.862.360 .8 - 62.23.0370.8←62.363.962.3 - 63.89.0670.1←63.965.463.9 - 65.317.0866←65.466.965.4 - 66.832.01569←66.968.466.9 - 68.347.01572.168.470.068.4 - 69.964.01766.470.071.570.0 - 71.480.01665.571.573.071.5 - 72.990.01070.673.074.573.0 - 74.494.0473.274.576.174.5 - 76.0100.0663.876.177.676.1 - 77.6102.0270.2Descriptive Statistics(remember to create the Histogram, too). 70.2Mean68.848039215775.3Median69.0564.6Mode68.168.1Ra nge16.864.2Minimum60.866.6Maximum77.664.2Standard Deviation3.574184955760.8Your height7071z score for your height0.932483632364.666.768.571.771.367.771.76869.466.670 .667.670.86464.169.368.166.7716772.16668.467.57267.870.277 .668.17661.963.965.763.977.373.361.966.974.271.768.162.669. 669.874.470.769.868.372.968.969.766.771.774.869.163.269.170 .569.17569.369.768.363.866.769.668.169.870.163.475.465.866. 875.570.468.666.263.372 Using the data set of 102 random heights provided use Excel formulas to find the following: Mean Median Mode Range Minimum Maximum Standard deviation Frequency distribution Histogram The z score for your height (use the computed mean and standard deviation) Distribution of the Heights of Students in Math 144 Frequency 60 .8 - 62.2 62.3 - 63.8 63.9 - 65.3 65.4 - 66.8 66.9 - 68.3 68.4 - 69.9 70.0 - 71.4
- 6. 71.5 - 72.9 73.0 - 74.4 74.5 - 76.0 76.1 - 77.6 3 6 8 15 15 17 16 10 4 6 2 Height of the Students Number of Students (Frequency) DataGenerated Data70.965.873.070.266.365.469.269.769.869.768.373.267.367. 970.170.168.369.674.969.261.866.659.461.973.969.173.668.167 .563.971.068.475.567.665.073.866.468.266.070.869.167.657.97 0.169.063.268.764.967.671.165.762.568.366.865.171.866.964.4 68.062.572.375.669.757.574.463.766.665.868.465.568.866.068. 266.266.763.166.965.466.269.366.067.564.766.166.863.465.362 .771.261.264.563.566.974.772.468.266.971.268.874.965.973.4 Grading SheetBudget ExpensesRequirements: Answer each question fully. Answers must be recorded on the worksheet. EXCEL FORMULAS MUST BE USED. Points PossiblePoints EarnedCommentsLocation identified2Travel Expenses identified and calculated for the entire group with an Excel formula9Lodging Expenses identified and calculated for the entire group with an Excel formula9Food Expenses identified and calculated for the entire group with an Excel formula9Entertainment Expenses identified and calculated for the entire group with an Excel formula9Total Budget7Budget Expenses total450LoansRequirements: Answer each question fully. Answers must be recorded on the worksheet. EXCEL FORMULAS MUST BE USED. Possible PointsPoints EarnedCommentsPMT Calculation12Total cost of Loan6Total Interest Paid4Explain in 25 to 100 words which loan is the best option and why.8Question 2 total300StatsRequirements: Answer each question fully. Answers must be recorded on the worksheet. EXCEL FORMULAS MUST BE USED. Points
- 7. PossiblePoints EarnedCommentsMean, Median, Mode9Range, Minimum, Maximum9Standard Deviation4z-Score4Set up of Bins (Low and High Formulas)8Frequency Columns8Histogram8Stats total500Major Assignment 1Total for Major Assignment 11250 Budget ExpensesLocationInput Name HereFormula RequiredEach cell is color coded as indicated to the left. The cell will change to grey after it has been completed.Number/TextTransportationItemQtyPrice eachTotal priceSourceBudget Total: formulaDescriptionnumbersNumber or NAFormulasLink or citationYou are going on a dream vacation with five of your closest friends for a week. Since you are taking a math course, your friends asked you to come up with a budget to see how much it will cost each of you. Please identify your location in the US (input in Cell D2) and then determine the total costs (for everyone going) - remember to be thorough so the group does not run out of money. Your expense list must include the following (this means that you cannot book an all-expenses paid trip):(Add rows as needed)LodgingItemQtyPrice eachTotal priceDescriptionnumbersNumber or NAFormulasLink or citation•Travel expenses, such as plane or bus fare, local travel within the area. (add rows as needed)•Lodging expenses. If you plan to camp, you will include expenses for your camping gear. Food ItemQtyPrice eachTotal price•Food expenses while you are on your trip. One way to do this is to research cost of living in your destination county to find out what a local family would expect to budget to pay for food. Another is to research local restaurants and groceries. DescriptionnumbersNumber or NAFormulasLink or citation•Entertainment or activity expenses and/or miscellaneous expenses that may occur.(add rows as needed)Entertainment and Misc.ItemQtyPrice eachTotal priceNumbersnumbersNumber or NAFormulasLink or citation(add rows as needed) LoansFormula RequiredLoansNumber/TextLoan ALoan BPrincipal (P) (same for both loans)numbernumberSuppose you
- 8. all decide you want to finance the trip with a loan. Find two different available offers (the internet is a good source). Make sure the interest rate and loan length are both different in each option. Calculate the monthly payment amount, the total amount you will pay over the life of the loan and the total interest you will pay. NOTE: You can find loan rates on major bank and credit union websites without providing personal information, feel free to use one of the links here. Loan payment formula: PMT = P*(r/n)/(1 - (1 + r/n)^(-n*t)) PMT is the payment required to pay off a loan of $P at interest rate, r%, compounded n times per year for t years. You must use Excel formulas including cell references to calculate the loan payment, total paid and interest paid.rate ( r)numbernumber# of Compoundings per year (n)numbernumbertime in years (t)numbernumberLink to Credit Card Interest Rate SourcePayment (PMT)formulaformulaNerdWalletCredit KarmaTotal PaidformulaformulaTop10PersonalLoansInterest PaidformulaformulaSourceLink or citationLink or citationDiscuss which loan would be a better option and why: (8 points!) https://www.ncua.gov/analysis/Pages/industry/credit- union-bank- rates.aspxhttps://www.top10personalloans.com/https://www.cre ditkarma.com/shop/personal-loanshttps://www.nerdwallet.com/ StatsHeight DataInput name below to generate the dataThe Height Data is named height, you may use this name in your formulas.Using the randomizing data set of 102 heights provided and using Excel formulas with cell references find the following Descriptive Statistics: • Mean • Median • Mode
- 9. • Range • Minimum • Maximum • Standard deviation • The z score for your height (use the computed mean and standard deviation) Also, using Excel formulas with cell references complete the following: • Frequency distribution • Histogram – Create a Graphical Representation of the Data DataFull NameFormula Required1DataNumber/Text7582DataDescriptive StatisticsFrequency Distribution271DataMeanformulaLowHighBinsCumulative FrequencyFrequency5652DataMedianformulaformulaformulaaut oformulaformula2517DataModeformulaformulaformulaautoform ulaformula2506DataRangeformulaformulaformulaautoformulafo rmula9039DataMinimumformulaformulaformulaautoformulafor mula3784DataMaximumformulaformulaformulaautoformulaform ula2961DataStandard Deviationformulaformulaformulaautoformulaformula6466DataY our height (in inches)numberformulaformulaautoformulaformula5191Dataz score for your heightformulaformulaformulaautoformulaformula6152Dataform ulaformulaautoformulaformula5737DataHistogram - Bin widthformulaformulaautoformulaformula1230DataBin Widthformulaformulaformulaautoformulaformula5591Data(reme mber to create the Histogram, too). 8728Data8385Data306Data4043Data7564Data3457Data1222Dat a7007Data5740Data5285Data7858Data6451Data3260Data3989 Data7950Data8511Data5520Data7537Data3650Data8335Data91 56Data6005Data8826Data211Data7100Data3037Data2186Data1 475Data3500Data7369Data5870Data619Data8260Data8673Data 4362Data1547Data9100Data6745Data6254Data6027Data4932D
- 10. ata1549Data8746Data5199Data4736Data8725Data4330Data721 1Data6320Data3517Data8946Data6487Data6060Data3677Data8 142Data2043Data3856Data8561Data5842Data5575Data2388Dat a2409Data3278Data803Data3208Data4021Data2286Data2119Da ta8748Data4845Data3190Data7207Data7028Data6609Data2810 Data1091Data7264Data1525Data3822Data5407Data4608Data38 65Data2382Data3471Data7916Data5357Data4286 Histogram Here DataGenerated Data67.563.374.872.468.170.365.265.870.170.069.365.171.469. 270.369.367.470.774.670.569.064.668.467.468.872.066.964.370 .572.875.663.764.267.176.172.565.268.169.673.067.968.366.26 6.871.664.869.771.471.273.267.868.872.566.668.565.575.957.8 68.468.163.766.768.960.866.874.964.670.066.362.764.467.574. 967.969.868.261.470.563.069.866.871.169.765.072.170.872.877 .571.165.461.570.967.673.767.765.161.371.170.269.968.367.4 Grading SheetBudget ExpensesRequirements: Answer each question fully. Answers must be recorded on the worksheet. EXCEL FORMULAS MUST BE USED. Points PossiblePoints EarnedCommentsLocation identified2Travel Expenses identified and calculated for the entire group with an Excel formula9Lodging Expenses identified and calculated for the entire group with an Excel formula9Food Expenses identified and calculated for the entire group with an Excel formula9Entertainment Expenses identified and calculated for the entire group with an Excel formula9Total Budget7Budget Expenses total450LoansRequirements: Answer each question fully. Answers must be recorded on the worksheet. EXCEL FORMULAS MUST BE USED. Possible PointsPoints EarnedCommentsPMT Calculation12Total cost of Loan6Total Interest Paid4Explain in 25 to 100 words which loan is the best option and why.8Question 2 total300StatsRequirements: Answer each question fully. Answers must be recorded on the worksheet. EXCEL FORMULAS MUST BE USED. Points PossiblePoints EarnedCommentsMean, Median, Mode9Range,
- 11. Minimum, Maximum9Standard Deviation4z-Score4Set up of Bins (Low and High Formulas)8Frequency Columns8Histogram8Stats total500Major Assignment 1Total for Major Assignment 11250 Budget ExpensesLocationInput Name HereFormula RequiredEach cell is color coded as indicated to the left. The cell will change to grey after it has been completed.BaliNumber/TextTransportationItemQtyPrice eachTotal priceSourceBudget Total: formulaDescriptionnumbersNumber or NAFormulasLink or citationYou are going on a dream vacation with five of your closest friends for a week. Since you are taking a math course, your friends asked you to come up with a budget to see how much it will cost each of you. Please identify your location in the US (input in Cell D2) and then determine the total costs (for everyone going) - remember to be thorough so the group does not run out of money. Your expense list must include the following (this means that you cannot book an all-expenses paid trip):(Add rows as needed)LodgingItemQtyPrice eachTotal priceDescriptionnumbersNumber or NAFormulasLink or citation•Travel expenses, such as plane or bus fare, local travel within the area. (add rows as needed)•Lodging expenses. If you plan to camp, you will include expenses for your camping gear. Food ItemQtyPrice eachTotal price•Food expenses while you are on your trip. One way to do this is to research cost of living in your destination county to find out what a local family would expect to budget to pay for food. Another is to research local restaurants and groceries. DescriptionnumbersNumber or NAFormulasLink or citation•Entertainment or activity expenses and/or miscellaneous expenses that may occur.(add rows as needed)Entertainment and Misc.ItemQtyPrice eachTotal priceNumbersnumbersNumber or NAFormulasLink or citation(add rows as needed) LoansFormula RequiredLoansNumber/TextLoan ALoan BPrincipal (P) (same for both loans)numbernumberSuppose you all decide you want to finance the trip with a loan. Find two
- 12. different available offers (the internet is a good source). Make sure the interest rate and loan length are both different in each option. Calculate the monthly payment amount, the total amount you will pay over the life of the loan and the total interest you will pay. NOTE: You can find loan rates on major bank and credit union websites without providing personal information, feel free to use one of the links here. Loan payment formula: PMT = P*(r/n)/(1 - (1 + r/n)^(-n*t)) PMT is the payment required to pay off a loan of $P at interest rate, r%, compounded n times per year for t years. You must use Excel formulas including cell references to calculate the loan payment, total paid and interest paid.rate ( r)numbernumber# of Compoundings per year (n)numbernumbertime in years (t)numbernumberLink to Credit Card Interest Rate SourcePayment (PMT)formulaformulaNerdWalletCredit KarmaTotal PaidformulaformulaTop10PersonalLoansInterest PaidformulaformulaSourceLink or citationLink or citationDiscuss which loan would be a better option and why: (8 points!) https://www.ncua.gov/analysis/Pages/industry/credit- union-bank- rates.aspxhttps://www.top10personalloans.com/https://www.cre ditkarma.com/shop/personal-loanshttps://www.nerdwallet.com/ StatsHeight DataInput name below to generate the dataThe Height Data is named height, you may use this name in your formulas.Using the randomizing data set of 102 heights provided and using Excel formulas with cell references find the following Descriptive Statistics: • Mean • Median • Mode • Range
- 13. • Minimum • Maximum • Standard deviation • The z score for your height (use the computed mean and standard deviation) Also, using Excel formulas with cell references complete the following: • Frequency distribution • Histogram – Create a Graphical Representation of the Data DataFull NameFormula Required1DataNumber/Text7582DataDescriptive StatisticsFrequency Distribution271DataMeanformulaLowHighBinsCumulative FrequencyFrequency5652DataMedianformulaformulaformulaaut oformulaformula2517DataModeformulaformulaformulaautoform ulaformula2506DataRangeformulaformulaformulaautoformulafo rmula9039DataMinimumformulaformulaformulaautoformulafor mula3784DataMaximumformulaformulaformulaautoformulaform ula2961DataStandard Deviationformulaformulaformulaautoformulaformula6466DataY our height (in inches)numberformulaformulaautoformulaformula5191Dataz score for your heightformulaformulaformulaautoformulaformula6152Dataform ulaformulaautoformulaformula5737DataHistogram - Bin widthformulaformulaautoformulaformula1230DataBin Widthformulaformulaformulaautoformulaformula5591Data(reme mber to create the Histogram, too). 8728Data8385Data306Data4043Data7564Data3457Data1222Dat a7007Data5740Data5285Data7858Data6451Data3260Data3989 Data7950Data8511Data5520Data7537Data3650Data8335Data91 56Data6005Data8826Data211Data7100Data3037Data2186Data1 475Data3500Data7369Data5870Data619Data8260Data8673Data 4362Data1547Data9100Data6745Data6254Data6027Data4932D ata1549Data8746Data5199Data4736Data8725Data4330Data721