​Two chefs agree to provide 3 1/2 gallons of soup for a benefit luncheon. One chef will bring 1 7/8 gallons. Compute how much the other chef must bring.

What is the term used to examine the degree of the relationship between variables?

A) hypothesized mean difference
B) correlation
C) observations
D) variance

On November 15, Melvin Weldon purchased five KTV 8s12 bonds that pay interest semiannually on April 1 and October 1. Calculate the accrued interest Melvin paid to the seller. (Assume a 360-day year.)​

If a simple linear regression model is developed based on a sample where the independent and dependent variables are known to be negatively related, then the sum of squares for error will be negative also.

How much longer will it take to pay off a $100,000 loan with monthly payments of $1,000 than with monthly payments of $1,100? The interest rate on the loan is 10.5% compounded monthly.

Compute the future value for each of the following problems. Use Tables 16-1A&B or a calculator.
​

A small-appliance merchant using the average cost method of valuing inventory has 65 toasters remaining in inventory. The merchant purchased toasters over a three-month period as follows: 40 purchased at $8.00 on April 1, 60 purchased at $7.70 on May 1, and 20 purchased at $7.80 on June 1. Compute the value of the ending inventory of toasters at average cost.​