The value of x is 1/5
Step-by-step explanation:
In a probability distribution, probability should be between 0 and 1. The probabilities add up to one.
Given probabilities are:
The sum of these probabilities will be equal to 1.
So,
To find x,
The value of x is 1/5
Keywords: Probability, Distribution
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Answer:
The worth of the car after 6 years is £2,134.82
Step-by-step explanation:
The amount at which Dan buys the car, PV = £2200
The rate at which the car depreciates, r = -0.5%
The car's worth, 'FV', in 6 years is given as follows;
Where;
r = The depreciation rate (negative) = -0.5%
FV = The future value of the asset
PV = The present value pf the asset = £2200
n = The number of years (depreciating) = 6
By plugging in the values, we get;
The amount the car will be worth which is its future value, FV after 6 years is FV ≈ £2,134.82 (after rounding to the nearest penny (hundredth))