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Test Bank For Financial Algebra Advanced Algebra with Financial Applications 2nd Edition Robert Gerver Richard J Sgroi

By: Robert Gerver Richard J Sgroi

Edition: 2nd Edition

Format: Downloadable ZIP Fille

Resource Type: Test bank

Duration: Unlimited downloads

Delivery: Instant Download

$15.00

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Test Bank For Financial Algebra Advanced Algebra with Financial Applications 2nd Edition

1. Your income before all taxes are deducted is your disposable income.

a. True
b. False

 

ANSWER:   False
RATIONALE:   Your income before all taxes are deducted is your gross income.
POINTS:   1
QUESTION TYPE:   True / False
HAS VARIABLES:   False
DATE CREATED:   1/23/2017 11:46 PM
DATE MODIFIED:   2/8/2017 5:54 AM

 

2. A discretionary expense is one that can’t be eliminated from your day-to-day life.

a. True
b. False

 

ANSWER:   False
RATIONALE:   An essential expense is one that can’t be eliminated from your day-to-day life.
POINTS:   1
QUESTION TYPE:   True / False
HAS VARIABLES:   False
DATE CREATED:   1/23/2017 11:50 PM
DATE MODIFIED:   2/7/2017 5:46 AM

 

3. When considering measures of central tendency, the presence of outliers would indicate that the mean may not be a good representation.

a. True
b. False

 

ANSWER:   True
POINTS:   1
QUESTION TYPE:   True / False
HAS VARIABLES:   False
DATE CREATED:   1/24/2017 12:13 AM
DATE MODIFIED:   2/7/2017 5:46 AM

 

4. When a correlation coefficient is near 1, there is little or no correlation between corresponding variables.

a. True
b. False

 

ANSWER:   False
RATIONALE:   A correlation coefficient near 1 is a strong correlation; a value near 0 indicates little or no correlation.
POINTS:   1
QUESTION TYPE:   True / False
HAS VARIABLES:   False
DATE CREATED:   1/24/2017 12:14 AM
DATE MODIFIED:   2/7/2017 5:46 AM
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