MAT 144 Major Assignment 2

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
Port Angeles, WA and The Olympic Peninsula	Budget Total:	$ 8,546.80
Transportation
Item	Qty	Price each	Total price	Source
Description	numbers	Number or NA	Formulas	Link or citation
Flight from Fairbank to Seattle	5	$ 78.00	$ 390.00	https://www.alaskaair.com
Flight from Seattle to Fairbank	5	$ 79.00	$ 395.00
Seattle Ferry	5	$ 8.45	$ 42.25	https://wave2go.wsdot.com
Return from Ferry ( Seattle Bainbridge)	5	$ 8.35	$ 41.75
Car rental	1	$ 465.00	$ 465.00	https://www.dollar.com
(Add rows as needed)
Lodging
Item	Qty	Price each	Total price
Description	numbers	Number or NA	Formulas	Link or citation
Sheraton Seattle hotel room 1 (nightly)	6	$ 212.00	$ 1,272.00	https://www.expedia.com/Sheraton-Seattle-Hotel
Sheraton Seattle hotel room 2 (nightly)	6	$ 212.00	$ 1,272.00
Sheraton hotel room 3 (nightly)	6	$ 212.00	$ 1,272.00
(add rows as needed)
Food
Item	Qty	Price each	Total price
Description	numbers	Number or NA	Formulas	Link or citation
breakfast (average cost on hotel breakfast menu)	40	$ 10.45	$ 418.00	https://www.thewaffler.com/
Lunch (average cost on restaurant menu)	40	$ 14.89	$595.60	http://marinationmobile.com/
Dinner (average cost on restaurant menu)	40	$ 23.33	$ 933.20	https://canlis.com/
Snacks (daily budget per person)	40	$ 12.00	$ 480.00
(add rows as needed)
Entertainment and Misc.
Item	Qty	Price each	Total price
Numbers	numbers	Number or NA	Formulas	Link or citation
Bike Rental for mountain	5	$ 30.00	$ 150.00	www.soundbikeskayaks.com
Kayak Whale Tour	5	$ 80.00	$ 400.00	https://www.atkayaking.com
Paddle Tour	5	$ 79.00	$ 395.00	https://www.atkayaking.com
Marine Life Tour	5	$ 5.00	$ 25.00	https://feiromarinelifecenter.org
(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.

https://www.alaskaair.com/ https://wave2go.wsdot.com/ https://feiromarinelifecenter.org/ https://www.dollar.com/ https://www.expedia.com/Sheraton-Seattle-Hotel http://www.soundbikeskayaks.com/ https://www.atkayaking.com/ https://www.atkayaking.com/

Loans

Loans
Loan A	Loan B
Principal (P) (same for both loans)	$ 12,000.00	$ 12,000.00
rate ( r)	9.40%	5.40%
# of Compoundings per year (n)	12	12
time in years (t)	5	3
Payment (PMT)	$ 251.44	$ 361.81
Total Paid	$ 15,086.18	$ 13,025.15
Interest Paid	$ 3,086.18	$ 1,025.15
Source	https://www.creditkarma.com	https:/https://www.wellsfargo.com/personal-credit/personal-loan//www.wellsfargo.com/personal-credit/rates/
I have selected the Loan A to fund the vacation. The payment might be interest rate might be higher but the payment is lower over the 5 years plan and dividing the payment between 5 individuals the payment will be easier.

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!)

https://www.wellsfargo.com/personal-credit/rates/ https://www.creditkarma.com/

Stats

Data
69.3	←	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
72.1	←	Low	High	Bins	Cumulative Frequency	Frequency
68.2	←	61.4	62.78	60.7 - 62.25	3	3
68.8	←	62.78	64.16	62.25 - 63.81	8	5
67.1	←	64.16	65.55	63.81 - 65.36	4	4
69.7	←	65.55	66.93	65.36 - 66.92	14	10
72.4	←	66.93	68.31	66.92 -68.47	18	18
67.0	68.31	69.69	68.47-70.03	30	12
67.2	69.69	71.07	70.03 - 71.58	14	14
76.6	71.07	72.45	71.58- 73.14	34	20
71.2	72.45	73.84	73.14 - 74.69	11	11
74.2	73.84	75.22	74.69 - 76.25	12	1
75.7	75.22	76.60	76.25 - 77.80	3	3
66.4	Descriptive Statistics	(remember to create the Histogram, too).
72.9	Mean	69.4
70.4	Median	69.5
63.5	Mode	67.1
62.7	Range	15.2
61.9	Minimum	61.4
70.5	Maximum	76.6
68.8	Standard Deviation	3.3
66.8	Your height	62
72.3	z score for your height	-2.26
65.9
66.7
68.6
70.9	BIN WIDTH	1.38
68.1
71.4
66.1
72.3
73.5
67.8
72.5
72.3
67.6
73.3
71.5
73.5
71.7
69.6
72.4
76.4
72.7
64.9
71.0
68.6
69.7
70.5
72.2
67.1
73.2
71.4
67.7
61.4
65.7
76.4
71.1
65.0
69.9
70.6
71.9
69.9
69.3
70.4
71.2
67.1
71.7
65.1
67.9
71.9
67.1
62.9
69.0
67.4
67.3
71.0
73.3
72.9
63.9
69.0
71.4
68.2
68.6
63.6
67.7
72.0
69.8
68.2
66.6
66.7
68.8
66.7
65.5
70.7
72.8
66.2
68.5
63.4
72.7
72.3
68.1

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)

Frequency 3 5 4 10 18 12 14 20 11 1 3

Frequency 3 5 4 10 18 12 14 20 11 1 3

Frequency 3 5 4 10 18 12 14 20 11 1 3

Frequency 3 5 4 10 18 12 14 20 11 1 3

Data

Generated Data
70.9
64.8
66.0
68.4
69.2
72.8
65.4
62.5
67.0
67.6
69.6
62.7
67.8
64.2
68.9
66.6
65.7
71.3
63.4
68.4
62.3
66.4
62.3
61.8
62.8
68.2
67.9
71.5
69.5
66.6
70.8
71.7
62.9
70.5
59.1
69.7
70.7
62.2
75.4
68.8
62.6
68.5
73.6
69.1
67.8
62.4
64.7
68.9
68.6
73.1
73.3
73.5
69.9
71.2
64.5
71.8
69.7
68.2
69.3
70.8
65.0
68.8
69.1
67.1
67.6
65.6
73.2
63.1
69.9
75.2
71.5
71.6
64.8
69.0
71.5
78.4
65.0
66.8
69.7
72.2
69.9
71.4
76.6
70.7
68.7
70.5
62.2
67.5
71.6
73.8
67.0
63.8
71.8
68.5
68.4
68.3
62.9
63.1
67.6
70.9
69.0
74.7