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arsen [322]
2 years ago
9

"You purchase a vintage car for $140,000 and it appreciates (i.E. Increases in value) by 4% annually. How much will the car be w

orth in 10 years?"
Mathematics
1 answer:
Vlada [557]2 years ago
5 0

Answer:

Future Value= $207,234.2

Step-by-step explanation:

Giving the following formula:

Initial value (PV)= $140,000

Appreciation rate (r)= 4% = 0.04

Number of years (n)= 10

<u>To calculate the future value of the car after ten years, we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 140,000*(1.04^10)

FV= $207,234.2

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2 years ago
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There are 7 pens in a bag. Four of the pens are blue and the other 3 are red. What's the probability of pulling out a red
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Answer:

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Step-by-step explanation:

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Answer:

1. Null hypotheses: p=0.49

Alternative hypotheses: p>0.49

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Step-by-step explanation:

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We have to writer the hypotheses for testing the proportion has increased from 49%. So, the population proportion that is to be tested is 0.49.

As we already know that the null hypotheses always contain equality so,

Null hypotheses: p=0.49

and we have to test whether the proportion has increased from 0.49, so,

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Thus, the hypotheses for testing the proportion has increased from 49% are

Null hypotheses: p=0.49

Alternative hypotheses: p>0.49

2.

We have to find the proportion of sampled customers using loyalty card.

The given sample indicate that 77 out of 135 customers are using loyalty card. So,

p=x/n

where x is the number of favorable outcome and n is total number of outcome.

Here, x=77 and n=135. So,

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6 0
3 years ago
PLEASE HURRY AND ANSWER FOR ME
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