Answer:
The price of the 1975 golf ball in 2005 is $0.55
Explanation:
In this question, we are asked to calculate the price of a golf ball in the year 2005 which was bought in the year 1975.
Before we begin to answer, we have been seeing CPI, what could this mean?
The term CPI stands for consumer price index. It refers simply to the change in price of a particular goods or services over a specific period of time.
Now, we mathematically propose a solution to the problem as follows;
We identify the following;
CPI in 1975 = 52.3
CPI in 2005 = 191.3
We now calculate the CPI change between the years. This can be done by dividing the CPI in the year 1975 by the CPI in the year 2005. Mathematically;
CPI change between years = CPI IN 1975/ CPI in 2005
= 52.3/191.3
= 0.273
Now, we proceed to calculate the price of the 1975 ball in 2005.
Mathematically;
A 1975 golf ball’s cost in 2005 = CPI change * price of golf ball in 2005
= 0.273 * 2
= $0.55
Answer:
when you are making your question, their should be a little paper clip looking thing in the bottom corner, click on it and you can add your picture of get a picture form your camera roll, or file on your computer
Explanation:
I hope this helps
Answer:
The household should not buy this policy
Explanation:
The probability of burglary is
$200,000 * 0.02 = $4,000
The insurance policy costs $15,000
The loss probability is lower than the cost of insurance policy
E(U) = (Jewelry Worth - Jewelry loss due to burglary + Insurance cover - Insurance policy cost) * 0.5
E(U) $200,000 - $70,000 + $70,000 - $15,000
E(U) = $ 
E(U) $430.11
Answer:
C. Tenancy in common.
Explanation:
Based on the information provided within the question it can be said that Scotty and Kirk must title the boat as a tenancy in common. This refers to ownership contract in which each party has a separate transferable interest in the ownership of the asset in question. Which in this case would be the boat that they would like to purchase together. By doing so they would be able to transfer each of their ownership to whomever they would like in the future, without the approval of the other.
