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OLEGan [10]
2 years ago
10

A house is purchased for $150,000 in 2002. The value of the house

Mathematics
1 answer:
Sunny_sXe [5.5K]2 years ago
4 0

9514 1404 393

Answer:

  $67,516

Step-by-step explanation:

"Depreciates" means the value is getting smaller. The function that describes the situation is a <em>decay</em> function:

  y= a(1-r)^x

Here, a=150000, r = 0.07, and x=11. The value is predicted to be ...

  y = 150000(1 -0.07)^11 = 150000(0.93^11) = 67,515.53

The house is worth about $67,516 in 2013.

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Step-by-step explanation:

Let Event D = Families own a dog .

Event C = families own a cat .

Given : Probability that families own a dog : P(D)=0.36

Probability that families own a dog also own a cat : P(C|D)=0.22

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a) Formula to find conditional probability :

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P(C\cap D)=P(C|D)\times P(D)\\\\=0.22\times0.36=0.0792

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b) Again, using (2)

P(D|C)=\dfrac{P(C\cap D)}{P(C)}\\\\=\dfrac{0.0792}{0.30}=0.264

Hence, the conditional probability that a randomly selected family owns a dog given that it owns a cat = 0.264

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