Math Practice Questions.pdf - F2014 Practice Questions Last Update November 9 2014 Many of these exercises are from the course text book Mathematical

# Math Practice Questions.pdf - F2014 Practice Questions Last...

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F2014 03-62-194 Practice Questions Last Update: November 9, 2014 Many of these exercises are from the course text book Mathematical Applications For the Manage- ment, Life and Social Sciences, Second Custom Edition for 03-62-194. This custom edition consists of selections from Mathematical Applications For the Management, Life and Social Sciences”, Eighth Edition, by Ronald J. Harshbarger and James J. Reynolds. The publisher is Nelson Education. Other questions my come from the For many of the questions solutions are not given to encourage you to try the problems yourself or with a group in your class. The odd numbered questions from the text have an answer in the back of the text so you can check your solution. I am happy to discuss any of the practice questions in the tutorial or during my office hours. You can also get help from the Math and Stats Learning Centre (ER 3125). (1) Table 1 provides investment history for two mutual funds over a period of three years. Foreach mutual fund calculate the expected rate of return ¯riand the variances2i.Table 1: Performance of Mutual FundsFund i201120122013¯ris2i14.6%4.7%43.5%22.0%8.2%9.8%(2) You need to borrow \$100,000 to start your business.You can borrow from the bank at10% interest and you can borrow from your life insurance policy at 12%. Your businessplan budgets for \$10,100 in interest payments in the first year. How much do you borrowfrom the bank, and how much do you borrow from your life insurance? 1