That's 20% of 305.
You could set up the problem as a ratio.
20 x
--- = ------
100 305
100x = 6100
x = 61
The worth of the car in 10 years is $1,831.67 using an exponential equation approach.
What is an exponential equation?
An exponential equation is the one with exponents such X^3(the 3 is the exponent)
The exponential equation required here is the one where the future value would be lower than current value because the car reduces in value year-in-year-out.
FV=PV*(1-r)^N
FV=future worth of the car
PV=today's value=$25,000
r=depreciation rate=-23%
N=number of years=10
The fact that r is negative means the car is depreciating not appreciating.
FV=$25,000*(1-23%)^10
FV=$1,831.67
Find further explanation on exponential equation below in the link:
brainly.com/question/11832081
#SPJ1
Answer:
x y
1 1
5 17
6 21
7 25
Step-by-step explanation:
Take a look at the photo attached.
Answer:
Check the explanation
Step-by-step explanation:
Cost of over reserving full cost tickets, Co = $440 ( empty seats as we cannot get even the discounted revenue)
Cost of under reserving Cu = 770-440 = $330 ( because you sell more discounted tickets)
Now critical ratio = Cu / (Cu+Co) = 330/770 = 0.42857
Now for above critical ratio ,z = -0.18 ( refer standard normal distribution table)
Optimal protection level = mean +z*standard deviation = 100-0.18*25 = 95.5 = 96
The possible costs include: all the above. You may need to provide compensation to passenger and make alternative travel arrangements. Also passenger won't be happy by over booking and their will be loss of good will.
