Part 1: True or False Directions: Identify each given statement as true or false. If it is false, explain why it is false. Each question is worth 4 points. 1. Let x represent the number of acres of wheat planted and y represent the number of acres of com planted. The inequality implies that the number of acres of wheat planted will be at least twice the number of acres of com planted. 2. One can use the amortization payments formula to calculate the monthly payment of a car loan. 3. The probability of an event is always at least and no larger than 1. 4. Calculating the numerator and denominator of a probability always involves combinations. 5. One advantage of the mean is that it is skewed by extreme values. Part 2: Fill-in-the-Blanks Directions: Fill each individual blank with the appropriate word or part of a formula. Each blank is worth 2 points. 6. In the simplex method, one must always use the minimum quotient when choosing the 7. To we 8. The odds in favor of an event E are defined as the ratio of 9. We use to find the number of ways to take n objects r at a time, without repetition, where order matters. And we use if order does not matter 10. The standard normal curve has a mean of and a standard deviation of