To solve this question, we will need the help of the picture attached:
1. According to this, every 101010 miles from the elementary school (Assuming the school is in point 0 of the line) the property taxes decrease 0.5%.
2. We also know that the greatest value in property taxes is 4.5%, and this decreases every 101010 miles.
So, if we draw a line divided in sections of 101010 miles and taking into account the data given, we have to sum each 101010 miles section until we get to the property tax value of the house, which is 3% in this problem.
Then, the distance from the school to the house, taking into account the 0.5% decrease with the distance is:
303030 miles
Triangle GED and triangle DEH are similar triangles with a common side length DE
The value of x is 24
<h3>How to calculate the value of x</h3>
To calculate x, we make use of the following equivalent ratio

Substitute known values

Express the ratio as fraction

Evaluate the quotient

Multiply both sides by 35

Subtract 4 from both sides

Hence, the value of x is 24
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The percentage of people with $300,000 or more increases so substantially across the age groups because older individuals have an edge when it comes to accumulating wealth.
<h3>What are the age groups?</h3>
Simply put, older folks have more money because:
1. They have worked for longer periods of time and are thus anticipated to earn higher incomes and hold higher positions.
2. They have had more time to save and invest their money.
Every age group has a greater ability to save money during their working years. Young individuals just starting out in their jobs are less likely to amass enough money to be worth that much.
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Probability distributions are used to represent data and their probabilities
The table entry is given as:
<u>Age of House Number of Houses</u>
1 15
2 20
3 25
4 30
Start by calculating the probability of selecting a house that has a certain age.
This is calculated as:

So, we have:




This means that the graph that represents the probability distribution must show that the probability of 1 is 0.17; 2 is 0.22; 3 is 0.28; 4 is 0.33.
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