Write an equation for the graph shown
1 answer:
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<u>Answer:</u>
$593.26
<u>Step-by-step explanation:</u>
We know that the price of the laptop is $2500 and each year its resale value decreases by 25%. It means that 100 - 25 = 75% of the value is retained every year for the resale.
So, the resale value for 1st year = $1875
for 2nd year = $1406.25
for 3rd year = $1054.7
for 4th year = $791.01
for 5th year = $593.25
Or we can use the following formula to find its resale value after 5 years:
$593.26
Answer:
P-value is lesser in the case when n = 500.
Step-by-step explanation:
The formula for z-test statistic can be written as
here, μ = mean
σ= standard deviation, n= sample size, x= variable.
From the relation we can clearly observe that n is directly proportional to test statistic. Thus, as the value of n increases the corresponding test statistic value also increases.
We can also observe that as the test statistic's numerical value increases it is more likely to go into rejection region or in other words its P-value decreases.
Now, for first case when our n is 50 we will have a relatively low chance of accurately representing the population compared to the case when n= 500. Therefore, the P-value will be lesser in the case when n = 500.