Answer:
See explaination
Step-by-step explanation:
We can define standard deviation in statistics as a measure of the amount of variation or dispersion of a set of values. A low standard deviation indicates that the values tend to be close to the mean of the set, while a high standard deviation indicates that the values are spread out over a wider range.
See attachment for the step by step solution
Answer:
$13842.43
Step-by-step explanation:
Given data
Value of car=$15,250
Rate of depreciation= 16%
Time = 6 years
We can use the exponential function below to model the value of the car after 6 years
v(t)= a(r)^x
But r= 1-0.016----------Because the value is depreciating
a=15,250
r=0.016
x=6
Substitute
v(t)= 15250(1-0.016)^6
v(t)= 15250(0.984)^6
v(t)= 15250*0.9077
v(t)= $13842.43
Hence the value will be $13842.43 after 6 years
