CHS AMDM Final

Front

What is the probability of selecting a student taking both Algebra II and Chemistry from a group?

Back

The probability is calculated by dividing the number of favorable outcomes by the total number of outcomes. In this case, it is 4/29.

Tags

CCSS.8.SP.A.4

Front

What does 'without replacement' mean in probability?

Back

'Without replacement' means that once an item is drawn from a set, it is not returned to the set before the next draw, affecting the total number of items available for the next draw.

Front

How do you calculate the probability of drawing two specific colored marbles in succession?

Back

Multiply the probability of drawing the first marble by the probability of drawing the second marble, considering the change in total items if drawn without replacement.

Front

What is a periodic rate in finance?

Back

The periodic rate is the interest rate applied to a specific period, often calculated by dividing the annual interest rate by the number of compounding periods per year.

Front

How do you calculate the future value of an investment with compound interest?

Back

Use the formula FV = P(1 + r/n)^(nt), where FV is the future value, P is the principal amount, r is the annual interest rate, n is the number of times interest is compounded per year, and t is the number of years.

Front

What is the formula to calculate commission earned from sales?

Back

Commission = Total Profit × Commission Rate. For example, if the total profit is $10,870 and the commission rate is 15%, the commission earned would be $1,630.50.

Tags

CCSS.6.EE.B.6

Front

What is the significance of compounding frequency in interest calculations?

Back

The compounding frequency affects how often interest is calculated and added to the principal, impacting the total amount of interest earned over time.

Front

How do you determine the total profit from car sales?

Back

Total profit is the sum of profits from each car sold. If Joan sold 9 cars for a total dealer profit of $10,870, that is the total profit.

Tags

CCSS.6.EE.B.6

Front

What is the difference between simple interest and compound interest?

Back

Simple interest is calculated only on the principal amount, while compound interest is calculated on the principal plus any interest that has already been added.

Tags

CCSS.7.RP.A.3

Front

How do you find the probability of independent events occurring?

Back

For independent events, the probability of both events occurring is the product of their individual probabilities.

Tags

CCSS.HSS.CP.A.4

CCSS.HSS.CP.A.2