Exact Form:
35/12
Decimal Form:
2.916
Mixed Number Form:
2 11/12
Answer:
The variance of the profile is 0.2179.
Step-by-step explanation:
We are given the following in the question:

Variance of portfolio is given by:


Putting values, we get,

Thus, the variance of the profile is 0.2179.
Answer:
$34 and 77.8 miles
Step-by-step explanation:
The computation of the amount for traveling 25 miles is shown below:
Since it is given that the rental company charges $2.75 plus $1.25 for each mile
So for 25 miles, the cost you have to pay is
= $2.75 + 25 miles × $1.25
= $2.75 + $31.25
= $34
Now for traveling for $100, the miles should be traveled is
= ($100 - $2.75) ÷ 1.25
= 77.8 miles
Hence, the same is to be considered