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Practice Final Xam
Practice Final Xam
PART A
1. Suppose $5,000 is invested at an annual interest rate of 10%. Compute the balance after 10 years if the interest
is compounded monthly.
2. If log2 x = 5; what is ln x?
x
3. Determine when the function f (x) = xe is increasing and decreasing.
p
(x+1)3 3 2x+1
4. Use logarithmic di¤erentiation to …nd the derivative of f (x) = (6 x)2
.
R p R2
5. Calculate x2 2x + 5dx and 1 (t 1) e1 t dt
p
6. Find the area of the region bouded by the curve y = x + x, the x-axis, and the lines x = 1 and x = 4:
7. Money is deposited in a bank o¤ering interest at an annual rate of 6% compounded continuously. Find the
percentage rate of change of the balance with respect to time.
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8. Find an equation for the tangent line to the graph of y = (x + ln x) at the point where x = 1:
9. Let A; B; and C be subsets of a universal set U and suppose n(U ) = 80; n (A) = 26; n (B) = 18; n (C) =
36; n (A \ B) = 10; n (A \ C) = 11; n (B \ C) = 11 and n (A [ B [ C) = 5. Find n (Ac \ B c )and n (A \ B \ C)
.
10. The 2011 Toyota Camry comes with 5 grades of models, 2 sizes of engines, 4 choices of transmissions, 5 exterior
colors, and 2 interior colors. How many choices of the Camry are available for a prospective buyer?
11. Find the number of distinguishable permutations that can be formed from the letters of the word ANTARC-
TICA.
12. A sample of three apples taken from Cavallero’s Fruit Stand is examined to determine whether the apples are
good or rotten.What is an appropriate sample space for this experiment?
13. Let E and F be two events of an experiment with sample space S. Suppose P (E) = 0:6; P (F ) = 0:4; and
P (E \ F ) = 0:2. Compute P (E c ) ; P (E [ F ) ; and P (E c \ F ) :
14. A die is rolled repeatedly until a 6 falls uppermost. Let the random variable X denote the number of times the
die is rolled. What are the values that X may assume?
15. A principal of $2000 is invested at 10% interest compounded continuously. After how many days will the
investment …rst exceed $2100?
16. Suppose q hundred units of a certain commodity are demanded by consumers when the price is p = 25 q 2
dollars per unit. What is the consumers’surplus for the commodity when the level of production is q0 = 4 (400
units)?
17. Money is transferred into an account at the rate of R(t) = 3; 000 + 5t dollars per year for 10 years, where t is
the number of years after 2016. If the account pays 5% interest compounded continuously, how much will be
in the account at the end of the 10-year investment period (in 2026)?
PART B
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2. A student studying for a vocabulary test knows the meanings of 12 words from a list of 20 words. If the test
contains 10 words from the study list, what is the probability that at least 8 of the words on the test are words
that the student knows?
3. A coin is tossed four times. Let the random variable X denote the number of tails that occur.
4. The estimated probability that a Brand A, a Brand B, and a Brand C plasma TV will last at least 30,000 hr
is .90, .85, and .80, respectively. Of the 4500 plasma TVs that Ace TV sold in a certain year, 1000 were Brand
A, 1500 were Brand B, and 2000 were Brand C. If a plasma TV set sold by Ace TV that year is selected at
random and is still working after 30,000 hr of use:
5. A tire manufacturer estimates that q (thousand) radial tires will be purchased (demanded) by wholesalers when
the price is
p = D (q) 0:1q 2 + 90
dollars per tire, and the same number of tires will be supplied when the price is
p = S (q) = 0:2q 2 + q + 50
(a) Find the equilibrium price (where supply equals demand) and the quantity supplied and demanded at
that price.
(b) Determine the consumers’and producers’surplus at the equilibrium price.
6. A manufacturer of machinery parts determines that q units of a particular piece will be sold when the price is
p (q) = 110 q dollars per unit. The total cost of producing those q units is C (q) dollars, where
(a) How much pro…t is derived from the sale of the q units at p dollars per unit? [Hint: First …nd the revenue
R = pq; then pro…t=revenue-cost.]
(b) For what value of q is pro…t maximized?
(c) Find the consumers’surplus for the level of production q0 that corresponds to maximum pro…t.
7. The probability distribution of the random variable X is shown in the accompanying table
x 10 5 0 5 10 15 20
P (X = x) 0:20 0:15 0:05 0:25 0:10 0:15 0:15
Find
8. A wealthy patron of a small private college wishes to endow a chair in mathematics with a gift of G thousand
dollars. Suppose the mathematician who occupies the chair is to receive $70,000 per year in salary and bene…ts.
If money costs 8% per year compounded continuously, what is the smallest possible value for G?