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Based on the above scenario, the sales director conducted an <u>experiment</u>.
- Because a treatment <u>was </u>applied to the sales representatives.
- The the best statistical study for this situation because the sales director is trying to establish <u>correlation</u>.
<h3>What is an experiment?</h3>
An experiment is known to be a method that is et up with the aim to test a given hypothesis as a component of a scientific method.
In an experiment, there are the two key variables which are the independent and dependent variables. The independent variable is known to be a controlled or it is tested against the dependent variable.
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Part A.
The sales director conducted a.) an experiment b.) a survey c.)an observational study because a treatment a.) was not b.)was applied to the sales representatives.
This is the best statistical study for this situation because the sales director is trying to establish a.) causality b.) correlation.
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The worth of the car in 10 years is $1,831.67 using an exponential equation approach.
What is an exponential equation?
An exponential equation is the one with exponents such X^3(the 3 is the exponent)
The exponential equation required here is the one where the future value would be lower than current value because the car reduces in value year-in-year-out.
FV=PV*(1-r)^N
FV=future worth of the car
PV=today's value=$25,000
r=depreciation rate=-23%
N=number of years=10
The fact that r is negative means the car is depreciating not appreciating.
FV=$25,000*(1-23%)^10
FV=$1,831.67
Find further explanation on exponential equation below in the link:
brainly.com/question/11832081
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