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Stels [109]
2 years ago
11

Suppose you start a lawn-mowing business and make a profit of $400 in the first year. Each year, your profit increases 5%. Write

a function that models your annual profit. If you continue your business for 10 yr, what will your total profit be?
Mathematics
1 answer:
andrew11 [14]2 years ago
8 0

Answer:

a). The function is: A=20 t+400, where A=total amount of profit, and t number of years

b). Total profit=$600 after 10 years

Step-by-step explanation:

a).

The function for the total amount of profits your investment will receive after a given period is given by;

A=P+PRT

where;

A=total amount of profits

P=initial profit

R=rate of increase

T=number of years

In our case;

P=$400

R=5%=5/100=0.05

T=t

replacing;

A=400+(400×0.05×t)

A=400+20 t

A=20 t+400....equation 1

b).  Substitute the value of t in equation 1 with 10 years, and solve

A=20 t+400

but;

t=10

replacing;

A=(20×10)+400

A=200+400=600

Total profit=$600 after 10 years

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Complete Question

The mean finish time for a yearly amateur auto race was 186.94 minutes with a standard deviation of 0.305 minute. The winning car, driven by Roger, finished in 185.85 minutes. The previous year's race had a mean finishing time of 110.7 with a standard deviation of 0.115 minute. The winning car that year, driven by Karen, finished in 110.48 minutes.

Find their respective z-scores.

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B. Karen a more convincing victory because of a higher z-score.

C. Roger had a more convincing victory, because of a lower z-score.

D. Karen a more convincing victory because of a lower z-score.

Answer:

The correct option is  D

Step-by-step explanation:

From the question we are told that

  The mean of the current year  is  \mu_c =  186.32 \  minutes

   The standard deviation is  \sigma_c  =  0.305 \  minutes

   The time taken by  the winning car for the current year  is  x =  185.85 \ minutes

  The mean of the previous  year  is  \mu_p =  110.7 \  minutes

   The standard deviation the previous  year  is  \sigma_p  = 0.115  \  minutes

 The time taken by  the winning car for the previous year  is  y =   110.48 \ minutes    

Generally the z-score for current year is mathematically evaluated as

     z_c  =  \frac{x- \mu_c}{\sigma_c }

=>     z_c  =  \frac{ 185.85- 186.32}{0.305 }

=> z_c  = -1.536

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     z_p  =  \frac{y- \mu_p}{\sigma_p }

=>     z_p  =  \frac{ 110.48-110.7}{0.115  }

=> z_p  = -1.913

From the value obtained we see that  z_p  <  z_c , Hence  Karen had a more convincing victory because of the lower z -score.

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