Mat 144 major assignment 1

Grading Sheet

Budget Expenses

Requirements: Answer each question fully. Answers must be recorded on the worksheet. EXCEL FORMULAS MUST BE USED.

Points Possible Points Earned Comments

Location identified 2

Travel Expenses identified and calculated for the entire group with an Excel formula 14

Lodging Expenses identified and calculated for the entire group with an Excel formula 14

Food Expenses identified and calculated for the entire group with an Excel formula 14

Entertainment Expenses identified and calculated for the entire group with an Excel formula 14

Total Budget 2

Question 1 total 60 0

Loans

Requirements: Answer each question fully. Answers must be recorded on the worksheet. EXCEL FORMULAS MUST BE USED.

Possible Points Points Earned Comments

Calculations for both loans are correct 21

Explain in 25 to 100 words which loan is the best option and why. 14

Question 2 total 35 0

Stats

Requirements: Answer each question fully. Answers must be recorded on the worksheet. EXCEL FORMULAS MUST BE USED.

Points Possible Points Earned Comments

Mean, Median, Mode 6

Range, Minimum, Maximum 3

Standard Deviation 4

Frequency Distribution 6

Histogram 6

z-Score 5

Question 3 total 30 0

Worksheet 1

Total for Worksheet 1 125 0

Budget Expenses

Location

Budget Total: Formula

Transportation

Item Qty Price each Total price Source

Description numbers Number or NA Formulas Link or citation

(Add rows as needed)

Lodging

Item Qty Price each Total price

Description numbers Number or NA Formulas Link or citation

(add rows as needed)

Food

Item Qty Price each Total price

Description numbers Number or NA Formulas Link or citation

(add rows as needed)

Entertainment and Misc.

Item Qty Price each Total price

Numbers numbers Number or NA Formulas Link or citation

(add rows as needed)

You are going on a dream vacation with five of your closest friends for a week. Since you are taking a math course, your friends asked you to come up with a budget to see how much it will cost each of you. Please identify your location in the US and then determine the total costs - remember to be thorough so the group does not run out of money. Your expense list must include the following (this means that you cannot book an all-expenses paid trip) • Travel expenses, such as plane or bus fare, local travel within the area. • Lodging expenses. If you plan to camp, you will include expenses for your camping gear. • Food expenses while you are on your trip. One way to do this is to research cost of living in your destination county to find out what a local family would expect to budget to pay for food. Another is to research local restaurants and groceries. • Entertainment or activity expenses and/or miscellaneous expenses that may occur.

Loans

Loans

Loan A Loan B

Principal (P) (same for both loans) number number

rate ( r) number number

# of Compoundings per year (n) number number

time in years (t) number number

Payment (PMT) formula formula

Total Paid formula formula

Interest Paid formula formula

Source Link or citation Link or citation

Suppose you all decide you want to finance the trip with a loan. Find two different available offers (the internet is a good source). Make sure the interest rate and loan length are both different in each option. Calculate the monthly payment amount, the total amount you will pay over the life of the loan and the total interest you will pay. NOTE: Do not provide personal information on the internet. You can find loan rates on major bank and credit union websites without providing personal information. Loan payment formula: PMT = P*(r/n)/(1 - (1 + r/n)^(-n*t)) PMT is the payment required to pay off a loan of $P at interest rate, r%, compounded n times per year for t years. You must use Excel formulas including cell references to calculate the loan payment, total paid and interest paid. Discuss which loan would be a better option and why: (14 points!)

Stats

Data

Copy from Data ← Copy the data from the Data tab. Make sure and paste as "Values (V)" (icon with "123") so that this data does not regenerate every time you change the sheet. Frequency Distribution

Copy from Data ← Low High Bins Cumulative Frequency Frequency

Copy from Data ← Formula/Number Formula/Number words or formula Formula Formula

Copy from Data ← Formula/Number Formula/Number words or formula Formula Formula

Copy from Data ← Formula/Number Formula/Number words or formula Formula Formula

Copy from Data ← Formula/Number Formula/Number words or formula Formula Formula

Copy from Data ← Formula/Number Formula/Number words or formula Formula Formula

Copy from Data Formula/Number Formula/Number words or formula Formula Formula

Copy from Data Formula/Number Formula/Number words or formula Formula Formula

Copy from Data Formula/Number Formula/Number words or formula Formula Formula

Copy from Data Formula/Number Formula/Number words or formula Formula Formula

Copy from Data Formula/Number Formula/Number words or formula Formula Formula

Copy from Data Formula/Number Formula/Number words or formula Formula Formula

Copy from Data Descriptive Statistics (remember to create the Histogram, too).

Copy from Data Mean Formula

Copy from Data Median Formula

Copy from Data Mode Formula

Copy from Data Range Formula

Copy from Data Minimum Formula

Copy from Data Maximum Formula

Copy from Data Standard Deviation Formula

Copy from Data Your height Number

Copy from Data z score for your height Formula

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Using the data set of 102 random heights provided use Excel formulas to find the following: Mean Median Mode Range Minimum Maximum Standard deviation Frequency distribution Histogram The z score for your height (use the computed mean and standard deviation)

Data

Generated Data

71.3

70.6

70.6

60.1

70.0

69.4

75.2

64.9

69.4

73.7

72.0

65.1

71.4

67.2

69.6

71.9

68.3

71.4

65.5

70.4

64.4

62.7

70.3

60.0

64.9

71.3

70.7

69.6

74.0

64.1

70.1

69.9

65.5

70.5

69.6

71.7

67.4

65.1

69.0

73.4

67.3

71.1

68.4

69.6

65.2

71.7

62.4

69.6

71.0

64.9

74.1

65.7

67.0

63.1

71.5

66.5

66.8

67.4

69.1

76.2

67.5

67.1

62.8

67.3

66.6

73.5

71.0

69.0

69.6

68.1

67.5

65.4

64.7

63.1

70.2

62.9

68.0

67.8

66.6

71.6

71.3

71.6

68.4

71.5

66.9

65.5

67.4

66.7

62.6

70.3

68.1

77.9

70.8

73.2

64.9

66.4

69.8

72.6

61.5

63.7

65.7

72.0