Which pair of lines is parallel?
1 answer:
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The proposal for the price for a number of shirts given by the four companies can be analyzed graphically, given that each price list gives a straight line, and the result presented using a piecewise function approach as follows:
A piecewise defined function is one that has other sub functions which are applied over different intervals of the domain.
The given table of values and equation are plotted on a graph using MS Excel
From the graph, and the table created, we have:
When the number of shirts on order is less than 40, the least expensive is Easy Calculation shirts
When the number of shirts are more than 40 but less than 80, the least expensive proposal is given by Shirtee
When the number of shirts to be ordered is more than 80, the company that gives the least expensive proposal is T-Shirts R Us
The selection table is presented as follows:
Learn more about piecewise defined functions here:
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We are asked to determine the present value of an annuity that is paid at the end of each period. Therefore, we need to use the formula for present value ordinary, which is:
Where:
Since the interest is compounded semi-annually this means that it is compounded 2 times a year, therefore, k = 2. Now we need to convert the interest rate into decimal form. To do that we will divide the interest rate by 100:
Now we substitute the values:
Now we solve the operations, we get:
Therefore, the present value must be $39462.50