Percentage by which the average value of mid sized car decreases each year = 8%
Retail value of a car today = v dollars
Amount of decrease in the value of the car after 1 year = (8/100) * v
= 2v/25 dollars
Then
The equation that represents the value of the car after 1 year = v - (2v/25) dollars
= (25v - 2v)/25 dollars
= 23v/25 dollars
So following this expression the value of the mid sized car can be easily determined after 1 year. I hope this is the answer you were looking for and the procedure is also clear to you.
Ok what am I supposed to answer?
Answer:
Step-by-step explanation:
To solve this problem, first you have to isolate it on one side of the equation.
First, subtract 1/4 from both sides.
1/4+x-1/4<5/6-1/4
Solve.
5/6-1/4=7/12
Therefore, the correct answer is A. x< 7/12.
Answer:
H0 : mu1 = mu2
Ha : mu1 ≠ mu2
Which means
Null hypothesis H0; the true mean price when buying from a friend mu1 and the true mean price when buying from a stranger mu2 is the same/equal
Alternative hypothesis Ha; the true mean price when buying from a friend mu1 and the true mean price when buying from a stranger mu2 is different (not equal)
Step-by-step explanation:
The null hypothesis (H0) tries to show that no significant variation exists between variables or that a single variable is no different than its mean(i.e it tries to prove that the old theory is true). While an alternative Hypothesis (Ha) attempt to prove that a new theory is true rather than the old one. That a variable is significantly different from the mean.
Therefore, for the case above;
H0 : mu1 = mu2
Ha : mu1 ≠ mu2
Which means
Null hypothesis H0; the true mean price when buying from a friend mu1 and the true mean price when buying from a stranger mu2 is the same/equal
Alternative hypothesis Ha; the true mean price when buying from a friend mu1 and the true mean price when buying from a stranger mu2 is different (not equal)
I believe it would be D. If d=7 then the equation would be 2x7 which would equal 14
