1) Hank is looking to sell his motorcycle. He compiles these prices from the newspaper for bikes just like his

Mathematics

1 answer:

Step2247 [10]3 years ago

8 0

Answer:

The median

Step-by-step explanation:

If you look at the sample section of the 5 different prices, you can see that $2,000 is very far away from the rest of the prices, which range from $14,000 to $17,000. This $2,000 is an outlier, and is likely not accurate in predicting reasonable prices for Hank's bike, so it should not be a factor in his decision or contribute to the mean value.

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The price of an airline ticket from St. Louis to Washington D.C. costs $250. A bus ticket costs $100. Traveling by plane takes 2

Aleksandr-060686 [28]

Answer:

He would gain by choosing air travel if, and only if, he values his time at more than $5 per hour.

Step-by-step explanation:

The problem states that:

A bus ticket from Washington to St. Louis costs $100, while it takes 32 hours to arrive.

A plane ticket from Washington to St. Louis costs $250, while it takes 2 hours to arrive.

Other things constant, Andrew would gain by choosing air travel if, and only if, he values his time at more than

If Andrew choses to go by plane, he saves 32-2 = 30 hours at the expense of $250-$100 = $150.

So, dividing the extra cost by the number of hours saved: