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Final Exam Topics There will be approximately 10 questions from each of the first 3 units. A formula sheet will be provided covering the formulas from units 1 and 2. Chapter 8 o Be able to answer questions by reading a graph o Be able to apply percentages to answer questions Chapter 9 o Identify possible sources of bias in surveys o Know how to choose a random sample using a random number table o Be able to identify the sampling method used for a survey o Be able to read a box and whiskers plot & identify the “five-number summary” values o Be able to find the values of the “five-number summary” for a data set o Be able to calculate the standard deviation of a sample Chapter 11 o Be able to compare various distributions pictured on the same axis and identify which one has the largest (or smallest) mean or standard deviation For a normally distributed set of data given the mean and standard deviation be able to: o find the z-score for a certain data value o find the percent of the data above or below a certain value o find the percent of values between two given scores o determine what data value lies a certain number of standard deviations above or below the mean o work an application problem (like #43 on p. 714) Find: o o o o sample proportion standard error margin of error 95% confidence interval Chapter 13 and the two supplemental sections (investing & taxes) Be able to: o Find future value of a one time deposit using the compound interest formula o Find the principal needed in order to achieve a given future value using the compound interest formula o Find future value of regular payments using the savings plan formula o Find the payment needed in order to achieve a given future value using the savings plan formula o Find interest earned with either type of savings (one time deposit or regular payments) o Find the payment for a loan o Find the part of the 1st payment of a loan that is applied to principal o Find the interest paid on a loan o Find the finance charge for a monthly credit card billing statement o Find the new balance for a monthly credit card billing statement o Find the average daily balance o Find taxes owed given a taxable income o Find the FICA owed given a person’s salary o Know how to determine whether a person should apply the standard deduction or itemize deductions in order to get the best tax savings Chapter 3 o Be able to find the winner of an election using any of the five methods mentioned in the first 2 sections o Be able to evaluate an election according to the fairness criterion of section 2 o Know how to determine if a coalition is a winning or a losing one in a weighted voting system o o o Know how to determine whether a voter is critical to a winning coalition Be able to determine if a voter is a dummy or a dictator or whether a voter has veto power Be able to determine the Banzhaf power index for a voter Chapter 5 o Be able to perform an apportionment using either of the quota methods (from start to finish) o Know the process for each of the divisor methods o Know the quota rule o Know that the divisor methods can violate the quota rule o Know the paradoxes o Know that the quota methods can cause the paradoxes