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Triss [41]
3 years ago
14

If the lsrl relating the independent variable x and the dependent variable y for a given problem is ŷ = 2x + 5, then an increase

of 1 unit in x is associated with an increase of how many units in y?
Mathematics
1 answer:
DochEvi [55]3 years ago
6 0

Is that all the information privided? Im tring to figure it out but I feel like im missing something.

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The value of good wine increases with age. Thus, if you are a wine dealer, you have the problem of deciding whether to sell your
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Answer: 64 years

Step-by-step explanation:

Let assume the dealer sold the bottle now for $P, then invested that money at 5% interest. The return would be:

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$P×1.05^t.

If the dealer prefer to wait for t years from now to sell the bottle of wine, then he will get the return of:

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Log1.05^t = Log21

tLog1.05 = Log21

t = Log21/Log1.05

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The best time to sell the wine is therefore 64years from now.

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