Part A:
A component is one voter's vote. An outcome is a vote in favour of our candidate.
Since there are 100 voters, we can stimulate the component by using two randon digits from 00 - 99, where the digits 00 - 54 represents a vote for our candidate and the digits 55 - 99 represents a vote for the underdog.
Part B:
A trial is 100 votes. We can stimulate the trial by randomly picking 100 two-digits numbers from 00 - 99. Whoever gets the majority of the votes wins the trial.
Part C:
The response variable is whether the underdog wants to win or not. To calculate the experimental probability, divide the number of trials in which the simulated underdog wins by the total number of trials.
Answer:
Net worth is defined as:
Assets - Liabilities.
Assets are what you own.
Liabilities are what you have to pay.
So, home + truck + investments are assets.
Likewise, mortgage + student loans + credit cards are liabilities.
Doing the math, Susan's net worth is
Assets - Liabilities
$143,392.90 - $98,077.12 =
$45,315.78
Susan's net worth is $45,315.78
Good luck!
The answer is x = 3.
Hope this helps (:
