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

\$15.00

By: Robert Gerver Richard J Sgroi

Edition: 2nd Edition

Resource Type: Test bank

## 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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