The predicted value of the car in the year 2006 to the nearest dollar would be $651.
<h3>What is the predicted value of the car?</h3>
The first step is to determine the rate of depreciation
g = (FV/PV)^(1/n) - 1
Where:
FV = value of the car in 2001
PV = value of the car in 1993
n = number ofyears = 8
(2700/26,300)^(1/8) - 1 = -24.76%
Now determine the value of the car in 2006
2700x ( 1 - 0.2476)^5 = $651
To learn more about depreciation, please check: brainly.com/question/25552427
Answer:
C(-11,-4)
Step-by-step explanation:
The answer to this question is 3 hockey Jerseys and 4 football
Answer:
It reduces the amount of unknowns needed for modeling.
Step-by-step explanation:
Let's first look at the characteristics of poisson distribution.
The Poisson distribution has the following characteristics:
1. It is a discrete distribution.
2. The occurrences in each interval can range from zero to infinity.
3. Each occurrence is very independent of the other occurrences.
4. It helps describes discrete occurrences over an interval.
5. It reduces the amount of constant and unknown needed for modeling an equation.
