Answer:
To the nearest hundred dollars, the car will be worth $17,900 by 2005
Step-by-step explanation:
Firstly, we need to write the depreciation equation
We have this as:
V = I(1 - r)^t
V is the present value which is what we want to calculate
I is the initial value, the amount the cad was bought which is $22,000
r is the rate of change which is 5% = 5/100 = 0.05
t is the time difference which is 2005-2001 = 4
Substituting all these into the depreciation equation, we have it that
V = 22,000(1 -0.05)^4
V = $17,919.1375
To the nearest hundred dollars, that would be;
$17,900
Answer:
a) P ( 3 ≤X≤ 5 ) = 0.02619
b) E(X) = 1
Step-by-step explanation:
Given:
- The CDF of a random variable X = { 0 , 1 , 2 , 3 , .... } is given as:
Find:
a.Calculate the probability that 3 ≤X≤ 5
b) Find the expected value of X, E(X), using the fact that. (Hint: You will have to evaluate an infinite sum, but that will be easy to do if you notice that
Solution:
- The CDF gives the probability of (X < x) for any value of x. So to compute the P ( 3 ≤X≤ 5 ) we will set the limits.

- The Expected Value can be determined by sum to infinity of CDF:
E(X) = Σ ( 1 - F(X) )

E(X) = Limit n->∞ [1 - 1 / ( n + 2 ) ]
E(X) = 1
180
180- 40=140
140 / 2= 70
All we have to do here is divide how much she paid ($1.15) by how many pounds of dried fruit she bought (2.5 pounds)
1.15 ÷ 2.5 = 0.46
Therefore each pound costs $0.46
Hope this helps
-AaronWiseIsBae