Module in Mathematics

MATHEMATICS IN THE MODERN WORLD

TOPIC 1: MATHEMATICS AS A TOOLS

Lesson 1: Measure of Central Tendency

 Before reading the discussions, answer the questions below.

Study each of these problems carefully; you will see similar problems on the lesson knowledge check. You will need
paper and a pencil to complete the following exercises. You will be able to check your answers with the link
provided within the lesson to see how you well you did.

Complete the following problems.

1. What is the mean of the following numbers? 10, 39, 71, 39, 76, 38, 25

a. 42
b. 39
c. 42.5
d. 35.5
2. What number would you divide by to calculate the mean of 3, 4, 5, and 6? a. 6
b. 3
c. 5
d. 4

3. What measure of central tendency is calculated by adding all the values and dividing the sum by the
number of values?
a. Median
b. Mean
c. Mode
d. Typical value
4. The mean of four numbers is 71.5. If three of the numbers are 58, 76, and 88, what is the value of the
fourth number?
a. 64
b. 60
c. 76
d. 82
5. Determine the mean of the following set of numbers:

40, 61, 95, 79, 9, 50, 80, 63, 109, 42

6. The mean weight of five complete computer stations is 167.2 pounds. The weights of four of the computer
stations are 158.4 pounds, 162.8 pounds, 165 pounds, and 178.2 pounds respectively. What is the weight
of the fifth computer station?

7. The mean width of 12 iPads is 5.1 inches. The mean width of 8 Kindles is 4.8 inches.
 a. What is the total width of the iPads?
b. What is the total width of the Kindles?
c. What is the mean width of the 12 iPads and 8 Kindles?
8. The following data represent the number of pop-up advertisements received by 10 families during the past
month. Calculate the mean number of advertisements received by each family during the month.

43 37 35 30 41 23 33 31 16 21

9. The following table of grouped data represents the weight (in pounds) of 100 computer towers. Calculate
the mean weight for a computer.

Weight (pounds) Number of Computers

[3 - 5) 8
[5 - 7) 25
[7 - 9) 45
[9 - 11) 18
[11 - 13) 4

10. A group of customer service surveys were sent out at random.

The scores were 90, 50, 70, 80, 70, 60, 20, 30, 80, 90, and 20.

Find the mean score.

11. What is the median of the following numbers?

10, 39, 71, 42, 39, 76, 38, 25

a. 42.5
b. 39
c. 42
d. 35.5
12. The front row in a movie theatre has 23 seats. If you were asked to sit in the seat that occupied the median
position, in which seat would you have to sit?

a. 1
b. 11
c. 23
d. 12

13. What is the median score achieved by a student who recorded the following scores on 10 math quizzes?

68, 55, 70, 62, 71, 58, 81, 82, 63, 79

a. 68
 b. 71
c. 69
d. 79

14. A set of four numbers that begins with the number 32 is arranged from smallest to largest. If the median is
35, which of the following could possibly be the set of numbers?

a. 32, 32, 36, 38

b. 32, 35, 38, 41
c. 32, 34, 36, 35
d. 32, 36, 40, 44

15. The number of service upgrades sold by each of 30 employees is as follows:

32, 6, 21, 10, 8, 11, 12, 36, 17, 16, 15, 18, 40, 24, 21, 23, 24, 24, 29, 16, 32, 31, 10, 30, 35, 32, 18, 39, 12, 20

What is the median number of service upgrades sold by the 30 employees? a. 18 b.

21

c. 24
d. 32
16. Which of the following measures can be determined for quantitative data? a. Mean
b. Median
c. Mode
d. All of these
17. Which of the following measures can be calculated for qualitative data? a. Mean
b. Median
c. Mode
d. All of these

18. What is the term used to describe the distribution of a data set with one mode? a. Multimodal b.
Unimodal
c. Nonmodal
d. Bimodal

19. What is the mode of the following numbers?

12, 11, 14, 10, 8, 13, 11, 9

a. 11
b. 10
c. 14
d. 8
20. Which of the following measures can have more than one value for a set of data? a. Median b. Mode
c. Mean
d. None of these
21. What are the modes of the following sets of numbers?
 a. 3, 13, 6, 8, 10, 5, 6
b. 12, 0, 15, 15, 13, 19, 16, 13, 16, 16

22. A student recorded her scores on weekly math quizzes that were marked out of a possible 10 points. Her
scores were as follows:

8, 5, 8, 5, 7, 6, 7, 7, 5, 7, 5, 5, 6, 6, 9, 8, 9, 7, 9, 9, 6, 8, 6, 6, 7

What is the mode of her scores on the weekly math quizzes?

23. What is the mode of the following numbers, and what word can be used to describe the distribution of the
data set?

5, 4, 10, 3, 3, 4, 7, 4, 6, 5, 11, 9, 5, 7

24. The temperature in o F on 20 days during the month of June was as follows:

70o F, 76o F, 76o F, 74o F, 70o F, 70o F, 72o F, 74o F, 78o F, 80o F,
74o F, 74o F, 78o F, 76o F, 78o F, 76o F, 74o F, 78o F, 80o F, 76o F

What is the mode of the temperatures for the month of June?

 For the detailed discussion measure of central tendency

Click https://faculty.elgin.edu/dkernler/statistics/ch03/3 -1.html
http://www.beaconlearningcenter.com/documents/1652_01.pdf

 After reading the discussion, answer again the questions in the link below.
Click https://www.riosalado.edu/web/oer/wrkdev100-
20011_inter_0000_v1/m5/pdf/m5_l1_mean_median_mode_practice_probs.pdf
https://www.jensenmath.ca/3.2%20worksheet-1.pdf

TOPIC 2: MATHEMATICS OF FINANCE

Lesson 1: Simple and Compound Interest

 Before reading the discussions, answer the questions below.

Simple Interest Compound Interest (annually)

I=p*r*t A = p(1 + r)n

1-6. Find the simple interest to the nearest cent.

1. $300 at 7.5% for 5 years 1. _______

2. $770 at 16% for 6 months 2. _______

3. $668 at 9.25% for 15 months 3. _______

4. $285 at 8.5% for 2 ½ years 4. _______

5. $360 at 185% for 2 years 5. _______

6. $175 at 5.45% for 30 months 6. _______

7. Sarah invested $150 at 8% simple interest. What is the total amount of money after 3 years?
7. _______

8. Ben borrowed $800 at 9% simple interest for 2 years. What is the total amount he must repay?
8. _______

9. Lindsey sold stationery to her family and her mother’s friends. She deposited the $125 she
earned in a savings account. The account earns 5.18% interest annually. If she does not deposit
or withdraw any money from for 18 months, how much will she have in her account?
9. _______

10-13. Find the balance of the account earning compound interest annually.

10. $7000 at 2% for 4 years. 10. _______

11. $7000 at 4% for 2 years. 11. _______

12. $1995 at 6.5% for 10 years. 12. _______ 13. $12,000

at 4.8% after 7 years. 13. _______

14. Mark deposits $2000 into an account that pays an interest rate of 3.5% compounded annually.
He doesn’t add or remove money from his account for 4 years. How much money will Mark have in 4
years?

15. You deposit $1500 into an account that pays an interest rate of 4% compounded annually.
Your friend deposits $1500 into an account that pays a simple annual interest rate of 4%. Compare
the balances of the two accounts after 5 years.

Resources:

www.kingphilip.org › site › handlers › filedownload

 For the detailed discussion simple and compound interest,

Click https://www.youtube.com/watch?v=P182Abv3fOk

https://www.youtube.com/watch?v=RYIcfqF32AY
 https://www.youtube.com/watch?v=7gla0G0svfM

 After reading the discussion, answer the questions below.

1 The yearly interest payable on a deposit of $250 at 5.5% p.a. simple interest is:
A $137.50
B $13.75
C $12.50
D $125.00
E $17.35

2 The interest on $12 167 invested for 5 years at 2.5% simple interest p.a. would
be nearest to:

A $1220.87
B $1521
C $1520.88
D $152.10
E $152.09
3 Sarah received $75 interest on her term deposit of $450 over 3 years. The simple
interest rate per annum was:
A 56%
B 5.6%
C 22%
D 0.55%
E 11.2%

4 Tom earned $504 when he invested $16 820 for 8 months. His rate of simple interest
was:
A 0.37% p.a.
B 2.00% p.a.
C 3.00% p.a.
D 4.49% p.a.
E 5.00% p.a.

5 John invested a sum of money, which earned $750 simple interest at the rate of
6% per annum over 2 years. The amount invested was:
A $88.80
B $6250
C $3125
D $2125
E None of these.

6 Cathy invested $8200 at the rate of 4.5% p.a. It earned $738 simple interest. The
period of investment was:
 A 6 months
B 1 year
C 2 years
D 2 years 6 months
E 3 years

7 A 500-g packet of chocolate costs $2.50. Assuming inflation averages 2.8% per
annum over each of the next 3 years, how much will the chocolate cost in three
years?
A $2.64
B $2.72
C $2.79
D $2.87
E $2.95

8 An investment of $10 000 at the rate of 8% per annum, compounded quarterly,

will reach $14 800 in close to:
A 1 year
B 2 years
C 3 years
D 4 years
E 5 years

9 An investment of $10 000 to be invested for a period of 5 years and compounded

quarterly at 3.75% p.a. will have a future value closest to which of the following:
A $10 480
B $12 020
C $12 050
D $20 900
E None of the above.

10 Tom has the choice of investing his money in compound interest with rests as
indicated below. Which situation would return him the most interest?
A yearly rests
B six-monthly rests C quarterly rests
D monthly rests
E daily rests
Lesson 2: Stocks, Bonds and Mutual funds

 Before reading the discussions, answer the questions below.

1. There would be no _______________ in an efficient stock market.

a. underpriced or overpriced stocks
b. returns higher than 100%
c. commission costs
d. taxes
2. A _______________ represents an ownership share in a corporation.
a. bond
b. preferred stock
c. common stock
d. All of the above.
e. B and C
3. In securities markets, the risk-return trade-off implies that assets with higher risk will offer
investors _______________ expected returns.
a. higher
b. lower
c. the same
d. None of the above.
4. Allocation of the investment portfolio across broad asset classes refers to the _______________. a.
security analysis
b. top-down portfolio construction
c. asset allocation
d. None of the above.
5. Commercial banks are _______________.
a. lending institutions
b. borrowing institutions
c. commercial intermediaries
d. financial intermediaries
6. Investors can purchase new issues of securities in the _______________ market. a. secondary
b. primary
c. new
d. IPO
7. American Depository Receipts are claims to _______________.
a. foreign stocks
 b. American stocks
c. North American stocks
d. European stocks
8. Firms that specialize in helping companies raise capital by selling securities are called
_______________.
a. industrial banks
b. commercial banks
c. investment banks
d. None of the above
9. _______________ are financial assets.
a. Options
b. Factories
c. Commercial properties
d. All of the above are financial assets

10. Portfolio manager with a passive investment strategy will manage a portfolio by ______________.
a. holding a diversified portfolio
b. selecting mispriced securities
c. timing the performance of securities
d. None of the above.

 For the detailed discussion of Stocks and Bonds

Click https://www.youtube.com/watch?v=vjOzWXrBGnw

 For the detailed discussion of Mutual Funds

Click https://www.youtube.com/watch?v=Afn7GX2pz54

 After reading the discussion, answer the questions below.

Answer the questions that follow.

1. _________ financial asset(s).

A. Buildings are
B. Land is a
C. Derivatives are
D. U.S. Agency bonds are
E. C and D

2. __________ are a way U.S. investor can invest in foreign companies.

A. ADRs
B. IRAs
C. SDRs
D. GNMAs
E. Krugerrands

3. .A dollar denominated deposit at a London bank is called ______.

A. eurodollars
B. LIBOR
C. fed funds
D. banker's acceptance

4. . Money market securities are sometimes referred to as "cash equivalent" because

A) they are marketable

B) they are liquid
C) they are low-risk
D) all of the above

5. _____ computes over 50 country indexes.

A)Dow Jones
B)The Federal Reserve
C)NASDAQ
D)MSCI
6. Deposits of commercial banks at the Federal Reserve are called ______.

A) bankers acceptances
B) federal funds
C) repurchase agreements
D) time deposits

7. Commercial paper is a short-term security issued by __________ to raise funds.

A) the Federal Reserve

B) commercial banks
C) large well-known companies
D) the New York Stock Exchange

8. A __________ gives its holder the right to buy an asset for a specified exercise price
on or before a specified expiration date.

A) call option
B) futures contract
 C) put option
D) none of the above

9. The Dow Jones Industrial Average is computed by __________.

A) adding the prices of 30 large "blue-chip" stocks and dividing by 30

B) calculating the total market value of the 30 firms in the index and dividing by 30
C) adding the prices of the 30 stocks in the index and dividing by a divisor
D) adding the prices of the 500 stocks in the index and dividing by a divisor

10. Purchase of a futures contract involves __________

a. the right to buy an item at a specified price
b. the right to sell an item at a specified price
c. the obligation to buy an item at a specified price
d. the obligation to sell an item at a specified price

MATHEMATICS AS A TOOL

1) C

2) D

3) B

4) A

5) 62.8

6) 171.6 pounds

7) A) 61.2 ft.

B) 38.4 ft.

C) 4.98 ft.

8) 31
9) 7.7

10) 60

11) A

12) D

13) C

14) C

15) B

16) D

17) C

18) B

19) A

20) B

21) A) 6

b) 16

22) 6&7

23) 4&5 bimodal

24) 74° F and 76 ° F

MATHEMATICS OF FINANCE

1) $112.50

2) $61.60

3) $77.24

4) $60.56

5) $1332.00

6) $23.84

7) $186

8) $944

9) $134.71

10) $7577.03

11) $7571.20

12) $3,744.89

13) $16,661.35

14) $2,295.05

15) I would have $1824.98 and my friend would have $1800. I would have accumulated $24.98 more
money with compounded interest then my friend did with simple interest.
1) B

2) C

3) B

4) D

5) B

6) C

7) B

8) E

9) C

10) E

Lesson 2: Stocks, Bonds and Mutual funds

I.

1) A

2) E

3) A

4) C

5) D

6) B
7) A

8) C

9) A

10) A

II.

1) E

2) A

3) A

4) D

5) D

6) B

7) C

8) A

9) C

10) C