Hey there!
If x = 48
48/4 = 12 because 12 • 4 equals 48
Answer: 12
Good luck on your assignment and enjoy your day!
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1. 4.22
2. 3.11
3. 2.12
4. 1.27
5. 7.2
6. 2.61
7. 2.57
8. 2.5
9. 4.13
10. 0.83
Answer:
And for this case we can use the cumulative distribution function given by:
And using this formula we have this:
Then we can conclude that the probability that your bid will be accepted would be 0.41
Step-by-step explanation:
Let X the random variable of interest "the bid offered" and we know that the distribution for this random variable is given by:
If your offer is accepted is because your bid is higher than the others. And we want to find the following probability:
And for this case we can use the cumulative distribution function given by:
And using this formula we have this:
Then we can conclude that the probability that your bid will be accepted would be 0.41
Hello,
6b) (i) As you can see, in the first year the price drops from 27,000 to 17,000. (Look at year 0-1 on the x axis). To find the percentage drop, find the difference between the two values and divide it over the initial value of 27,000.
So, the percentage drop in the first year is:
(27000-17000) / (27000) = 0.37, or a 37% drop
The answer is 37%.
(ii) For this question, we basically have the same process as the previous question except for the second year.
From year 1 to year 2, the value starts at 17,000 and ends at 15,000.
To find the percentage drop, we do:
(17000 - 15000) / (17000) = 0.118 ≈ 0.12, or a 12% drop
The answer is 12%.
6c) To find the percentage depreciation over the first 5 years, we look at the initial value (x = 0) and the value after 5 years (x = 5), and use these values in the same percentage formula we have been using.
The initial value of the car is 27,000, and after 5 years the value is 8,000.
This is a percentage drop of (27000 - 8000) / (27000) = 0.70, or a 70% drop.
The answer is 70%.
Hope this helps!
