To arrange numbers from least to greatest:
First write them down in decimal form. Now it will be easy to determine which value is greater than the other.
Arrange the decimal numbers from least to greatest.
Finally revert the decimal values to their fraction form having arranged them from one with least value to one with greatest value.
I got -13x I don't know if this is right. Sorry If it is wrong.
This is a subtraction problem so subtract 3/4 from 7/8 (7/8 - 3/4). First you have to make them both have the least common denominator. That is 8. So multiply both the numerator and denominator or 3/4 by 2. 3 x 2= 6 and 4 x 2= 8. New fraction is 6/8. Now solve problem again with new fraction. 7/8 - 6/8= 1/8. Your answer is 1/8
Answer: See explanation
Step-by-step explanation:
a. Construct a decision tree for Wile
The solution to the question has been attached.
b. What is the expected value of the new car?
= [(0.2 × $10,000) + (0.8 × $18,000)] - $22,000
= $2000 + $14400 - $22000
= $16400 - $22000
= -$5600
c. What is the expected value of the used car?
= [(0.4 × $4000) + (0.6 ×$9000] - $12000
= $1600 + 5400 - $12000
= $7000 - $12000
= -$5000
d. What is the expected value of leasing the car?
= [(0.1 × -$2000) + (0.9 ×0)] - $8500
= -$200 - $8500
= -$8700
