1. An urn contains 4 black balls and 6 white balls.

s. What is the probability of getting 1 black ball and 1 white ball in two
consecutive draws from the urn?
A. 0.24 B. 0.27 C. 0.63 D. 0.04
2. There are 10 defectives per 1,000 items of a product in the long run. What is the probability that there is one and only
one defective in a random lot of 100?
A. 𝟗𝟗 𝒙 𝟎. 𝟎𝟏𝟗𝟗 C. 0.99100
B. 0.01 D. 0.9999
3. There are 3 bins containing integrated circuits. One bin has 2 premium IC’s, one has 2 regular IC’s and one has 1
premium IC and 1 regular IC. You choose an IC at random without looking into any of the bins. The chosen IC is found
to be a premium IC. What is the probability that the remaining IC in that bin is also a premium IC?
A. 1/5 B. ¼ C. 2/3 D. ½
4. In a dice game, one fair die is used. The player wins P20.00 if he rolls either 1 or 6. He losses P10.00 if he turns up any
other face. What is the expected winning for one roll of the die?
A. 40.00 B. P0.00 C. P20.00 D. P10.00
5. A bag contains 4 red balls, 3 green balls, and 5 blue balls. The probability of not getting a red ball in the first draw is:
A. 2 B. 2/3 C. 1 D. 1/3
6. A basketball player sinks 50% of all his attempts. What is the probability that he will make exactly 3 of his next 10
attempts?
A. 1/256 B. 3/8 C. 30/128 D. 15/128

B. Determine the accumulated value of P2,000.00 in 5 years it is invested at

11% compounded quarterly.
a) P3,440.00 b) P3,404.00 c) P3,044.00 d) P4,304.00

C. If a machine is purchased on installment and the buyer makes an

P80,000.00 down payment and owes a balance of P150,000 in 2 years.
Determine the machine cash value if money is worth 14% compounded
quarterly.
a) P199,312.00 b) P183,912.00 c) P193,912.00
d) P139,912.00

D. Celestino owes P500, due in 3 years and P800 due in 7 years. He is allowed
to settle these obligations by a single payment on the 6th year. Find how
much he has to pay on the 6th year if money is worth 14% compounded
semi-annually.
a) P1,449.12 b) P 1,559.12 c) P1,339.12 d)
P1,669.12