C. Plumber A and Plumber B will both charge $135 if they each work 2.5 h.
Answer:
A) The annual multiplier was 1.0339; the annual increase was 0.0339 of the value.
B) 3.39% per year
C) $182,000
Step-by-step explanation:
A) Let's let t represent years since 1987. Then we can fill in the numbers and solve for r.
165000 = 100000(1 +r)^15
1.65^(1/15) = 1 +r . . . . . divide by 100,000; take the 15th root
1.03394855265 -1 = r ≈ 0.0339
The value was multiplied by about 1.0339 each year.
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B) The value increased by about 3.39% per year.
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C) S = $100,000(1.03394855265)^18 ≈ $182,000
Answer:
$161.34
Step-by-step explanation:
Answer:
and 
Step-by-step explanation:
A simple way to solve this problem is to plug the corresponding x and y into the function. We need only one pair since all the functions are quasi-linear (y=kx) and the increase is proportional.
In
when x=3, y=15/4≈2.14
In
when x=3, y=1.8
In
when x=3, y≈2.33
In
when x=3, y≈1.90
We can observe that in two cases,
and
, y is greater than 2.
The '68-95-99.7' rule says
-About 68% of values fall within one standard deviation of the mean.
-About 95% of the values fall within two standard deviations from the mean.
-Almost all of the values — about 99.7% — fall within three standard deviations from the mean.
Here 
Therefore, the probability

The required probability
