Practice Questions for Final Exam
1) From the sample data set below, compute the following:
0, 15, 9, 4, 25, 38, 19, 16
a)
b)
c)
d)
Mean =
Median=
Mode =
Variance=
2) Consider the probability distribution table below of a discrete random variable (X).
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Tutorial 6: Finance Mathematics 3
Students need to use a scientific calculator, which is also required for exam.
1.
How many payments are required to repay a loan of $100,000 if payments of $4000 are made
each quarter. Interest is charged at the rate of 1

FINANCIAL MATHEMATICS
Time Value of Money
Assuming that a positive rate of interest exists in an economy, the value of $1 will differ
according to the time specified - $1 now is not equivalent to $1 in one years time. This
concept has nothing to do with i

Tutorial 5: Finance Mathematics 2
Students need to use a scientific calculator, which is also required for exam.
1.
Calculate the effective rate of interest.
(a)
(b)
(c)
(d)
i = 10% payable 6 times a year
i = 2.25% payable 3 times a year
i = 10% payable y

Tutorial 4: Finance Mathematics 1
Students need to use a scientific calculator, which is also required in exam.
1.
2.
Use your calculator to evaluate the following:
(a)
(1.01) 24
(b)
(1.03) .5
(c)
(1.015) 240
(d)
5000 (1.025) 10
(e)
1 (1.02) 10
0.02
(f)
(

FINANCIAL MATHEMATICS
Annuities
In many financial transactions a loan is repaid by a sequence of equal payments made at regular
intervals of time. Such a sequence of payments is called an annuity. Payments can either
accumulate to become a fund of money,

SOLUTIONS Practice Questions for Final Exam
1) From the sample data set below, compute the following:
0, 15, 9, 4, 25, 38, 19, 16
a)
b)
c)
d)
Mean =
Median=
Mode =
Variance=
Answers:
1
2) Consider the probability distribution table below of a discrete ran

Revision
Topic 3: Numerical Descriptive Measures -> worth 9 marks
Measures of central location (Mean, Median, Mode), Measures of Dispersion
(Variance, Standard deviation, Coefficient of variation), Measures of relative
standing (Percentile and Quartile),

Sample Final Exam 1305 AFE (Business Data Analysis)
The following topics covered in lecture weeks 7 to 12 (equivalent to workshop weeks 8 to 13) are
examined in the final exam:
Topic 5: Sampling Distributions
Topic 6: Confidence Interval Estimates
Topic 7