What is the answer to 2x+7x+3
2 answers:
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Answer: The probability that the avg. salary of the 100 players exceeded $1 million is approximately 1.
Explanation:
Step 1: Estimate the standard error. Standard error can be calcualted by dividing the standard deviation by the square root of the sample size:
So, Standard Error is 0.08 million or $80,000.
Step 2: Next, estimate the mean is how many standard errors below the population mean $1 million.
-6.250 means that $1 million is siz standard errors away from the mean. Since, the value is too far from the bell-shaped normal distribution curve that nearly 100% of the values are greater than it.
Therefore, we can say that because 100% values are greater than it, probability that the avg. salary of the 100 players exceeded $1 million is approximately 1.
The formula for depreciation is:
Where x = Initial value,
y= Amount after depreciation.
r= Rate of depreciation,
t = time (in years)
According to given problem,
x = 1040, y= 944 and t = 12 months =1 year.
So, first step is to plug in these values in the above formula, So,
944 = 1040 (1 -r)
Divide each sides by 1040.
0.907692308 =1 - r
0.907692308 - 1 = -r Subtract 1 from each sides.
-0.092307692 = -r
So, r = 0.09 or 9%.
Now plug in 0.09 in the above equation to get the depreciation equation. So,
So,
b) To find the value of the bike after 5 months,
plug in t = 5 months= 5/12 = 0.41667 years in the above equation of depreciation.
So,
y = 1040 * 0.961465659
y = 999.9242852
y = 1000 (Rounded to nearest integer).
Hence, the value of the bike after 5 months is $1000.