Answer:
The sum of the probabilities is greater than 100%; and the distribution is too uniform to be a normal distribution.
Step-by-step explanation:
The sum of the probabilities of a distribution should be 100%. When you add the probabilities of this distribution together, you have
22+24+21+26+28 = 46+21+26+28 = 67+26+28 = 93+28 = 121
This is more than 100%, which is a flaw with the results.
A normal distribution is a bell-shaped distribution. Graphing the probabilities for this distribution, we would have a bar up to 22; a bar to 24; a bar to 21; a bar to 26; and bar to 28.
The bars would not create a bell-shaped curve; thus this is not a normal distribution.
Answer:
Step-by-step explanation:
The equation is mx+b=y.
M=slope (in this case 5)
x=x coordinates
b=y intercept
y=y coordinates
For the x and y coordinates, I'll use (2,0).
5(2)+_=0
10+_=0.
In this case, we only have one awnser, -10. Since 10+(-10) are the only ways to equal 0.
Hope this helps,
Answer:
$138,345
Step-by-step explanation:
This is a compound decline problem, which will be solve by the compound formula:
Where
F is the future value (value of house at 2030, 14 years from 2016)
P is the present value ($245,000)
r is the rate of decline, in decimal (r = 4% = 4/100 = 0.04)
t is the time in years (2016 to 2030 is 14 years, so t = 14)
We substitute the known values and find F:
Rounding it up, it will be worth around $138,345 at 2030
