Financial Literacy & Statistics

Name:

Date:

📚 Part 1: Financial Literacy (Multiple Choice & Check)

1. A sandwich costs $4.20 and a drink costs $1.80. What is the total cost before any tax?

$5.00

$6.00

$7.20

2. Zara has $50. She spends $18.75 on school supplies and $12.50 on a gift. How much remains?

$18.75

$19.00

$20.75

3. Which of the following are needs? (Check all that apply)

Rent

Phone case

Food

New video game

4. A jacket is $40. A store offers 25% off. What is the sale price?

$10.00

$30.00

$32.00

✏️ Part 2: Statistics & Short Calculations

5. Find the mean, median and mode for these weekly amounts spent: $5, $7, $7, $10, $11.

6. A student's test scores are: 78, 85, 92, 85, 73. Calculate the range and the mean (to 1 decimal place).

7. Budget: Income $250 per week. Fixed: rent $120, transport $30. Variable: groceries $50, entertainment $20. How much can be saved each week?

8. Survey: 20 students surveyed; 12 prefer netball, 8 do not. What percentage prefer netball?

Financial Literacy & Statistics — Answers

Name:

Date:

Answers

1. Total cost before tax

Answer: $4.20 + $1.80 = $6.00

2. Remaining money

Answer: $50.00 − $18.75 − $12.50 = $18.75

3. Needs (check all that apply)

Answer: Rent and Food

4. Sale price of the jacket

Answer: 25% of $40 = $10 off → $40 − $10 = $30.00

5. Mean, median, mode of: 5, 7, 7, 10, 11

Answer: Mean = (5+7+7+10+11)/5 = 40/5 = $8.00; Median = 7; Mode = 7

6. Range and mean of scores: 78, 85, 92, 85, 73

Answer: Range = 92 − 73 = 19; Mean = (78+85+92+85+73)/5 = 413/5 = 82.6

7. Weekly savings from the budget

Answer: Total expenses = 120 + 30 + 50 + 20 = $220. Savings = 250 − 220 = $30 per week

8. Percentage who prefer netball

Answer: 12 out of 20 = 12/20 = 0.60 = 60%

Financial Literacy & Statistics

Financial Literacy & Statistics

📚 Part 1: Financial Literacy (Multiple Choice & Check)

✏️ Part 2: Statistics & Short Calculations

Financial Literacy & Statistics — Answers

Answers

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