A structure's reproduction cost new is $489,900. The structure has an effective age of 4 years and was built 10 years ago. Assum
1 answer:
Answer:
Annual depreciation will be $32660
Step-by-step explanation:
We have given effective year = 4 years
Economic life = 60 years
Reproduction cost of the structure = $489900
We have to calculate the annual depreciation
Annual depreciation is given by
Annual depreciation
So annual depreciation will be $32660
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Answer:
E. Approximately normal with standard deviation less than 0.7 sibling
Step-by-step explanation:
To solve this question, we use the Central Limit theorem.
Central Limit Theorem
The Central Limit Theorem estabilishes that, for a random variable X, with mean and standard deviation
, a large sample size can be approximated to a normal distribution with mean
and standard deviation
In this problem, we have that:
Skewed right distribution, with
Sampling distribution of the sample mean for samples of size 100
By the Central Limit Theorem, they will be approximately normal, with mean , and standard deviation
So the correct answer is:
E. Approximately normal with standard deviation less than 0.7 sibling