You divide 500 by $50 to get 10; the school sold 10 yearbooks that year if you’re looking for that as an answer.
Answer:
Step-by-step explanation:
An exponential decay function is:
f=ir^t, f=final amount, i=initial amount, r=common ratio, t=number of times ratio is applied...We can see the initial value is 17000 so all we really have to find is the common ratio, or "rate" as some call it :P If we look at the second point, when t=1 we can see:
14280=17000r
r=357/425
r=0.84
So in five years the SUV will be worth more than the car by:
17000(0.84^5)-12000(0.89^5)
$408.73 (to the nearest cent)
We can use the binomial theorem to find the probability that 0 out of the 15 samples will be defective, given that 20% are defective.
P(0/15) = (15C0) (0.2)^0 (1 - 0.2)^15 = (1)(1)(0.8)^15 = 0.0352
Then the probability that at least 1 is defective is equal to 1 - 0.0352 = 0.9648. This means there is a 96.48% chance that at least 1 of the 15 samples will be found defective. This is probably sufficient, though it depends on her significance level. If the usual 95% is used, then this is enough.
The price now is (80/100)x70 = (5600/100) = $56;
