Nursing Elites

1. A car dealership’s commercials claim that this year’s models are 20% off the list price, plus they will pay the first 3 monthly payments. If a car is listed for $26,580, and the monthly payments are set at $250, what is the total potential savings?

• A. $1,282
• B. $5,566
• C. $6,066
• D. $20,514

Correct answer: C

Rationale: To calculate the total potential savings: First, find the 20% discount on the list price of $26,580: 0.20 × $26,580 = $5,316. Then, determine the savings over the first 3 months of payments: 3 months × $250/month = $750. Add the discount and the monthly payment savings to get the total potential savings: $5,316 + $750 = $6,066. Therefore, the correct answer is $6,066. Choice A, $1,282, is incorrect because it does not account for the total savings from both the discount and the monthly payments. Choice B, $5,566, is incorrect as it miscalculates the total savings by excluding the savings from the monthly payments. Choice D, $20,514, is incorrect as it does not consider the discount and only focuses on the list price.

2. What kind of relationship between a predictor and a dependent variable is indicated by a line that travels from the bottom-left of a graph to the upper-right of the graph?

• A. Positive
• B. Negative
• C. Exponential
• D. Logarithmic

Correct answer: A

Rationale: A line that travels from the bottom-left of a graph to the upper-right of the graph signifies a positive relationship between the predictor and dependent variable. This indicates that as the predictor variable increases, the dependent variable also increases. Choice B, 'Negative,' is incorrect as a negative relationship would be depicted by a line that travels from the top-left to the bottom-right of the graph. Choices C and D, 'Exponential' and 'Logarithmic,' respectively, represent specific types of relationships characterized by non-linear patterns, unlike the linear positive relationship shown in the described scenario.

3. If a product's original price is $80 and it is discounted by 20%, what is the final price?

• A. 64
• B. 60
• C. 70
• D. 66

Correct answer: A

Rationale: To find the discounted price, you first calculate 20% of the original price: 20% of $80 is $16. Subtracting this discount amount from the original price gives the final price: $80 - $16 = $64. Therefore, the final price after a 20% discount on a product originally priced at $80 is $64. Choice B, $60, is incorrect because it does not account for the correct discount amount. Choice C, $70, is incorrect as it does not reflect the reduction due to the 20% discount. Choice D, $66, is incorrect as it miscalculates the discounted price.

4. Order the groups from largest to smallest, according to the number of doctors in each group.

• A. Group X, Group Y, Group Z
• B. Group Z, Group Y, Group X
• C. Group Z, Group X, Group Y
• D. Group Y, Group X, Group Z

Correct answer: B

Rationale: The correct order from largest to smallest number of doctors in each group is Group Z (20 doctors), Group Y (15 doctors), and Group X (10 doctors). Therefore, the correct order is Group Z, Group Y, and Group X, which matches option B. Option B is correct because it correctly reflects the descending order of the number of doctors in each group. Options A, C, and D are incorrect as they do not follow the correct order of the number of doctors in each group.

5. As a company's stocks increase, production, sales, and investments also increase. Which of the following is the independent variable?

• A. Sales
• B. Stocks
• C. Production
• D. Investments

Correct answer: B

Rationale: The independent variable in this scenario is 'Stocks.' An independent variable is the one that is manipulated or controlled by the experimenter. In this case, stocks are the factor that is changing and influencing the other variables - production, sales, and investments. Production, sales, and investments are dependent on the changes in stocks; hence, they are the dependent variables. While production, sales, and investments may increase as a result of changes in stocks, the stocks themselves are the driving force behind these changes, making them the independent variable.

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