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meriva
4 years ago
6

Benito spent $1837 to operate his car last year. Some of these expenses are listed on the table below:. . Operating Expenses. .

Cost. Insurance. . $972. Registration. . $114. Maintenance. . $105. . . Benito’s only other expense was for gasoline. If he drove 7600 miles, what was the average cost of the gasoline per mile?
Business
2 answers:
NNADVOKAT [17]4 years ago
7 0

Answer:

$0.09

Explanation:

The total expense incurred by Benito is the sum of the operating expenses. These are the cost of insurance, registration, maintenance and gasoline. As such, to determine the cost of gasoline, the other cost are summed up and deducted from the total cost.

Cost of gasoline = $1837 - ($972 + $114 + $105)

= $646

If he drove 7600 miles, the average cost of the gasoline per mile

= $646/7600

≈ $0.09 = 90 cents

Sergio [31]4 years ago
3 0
Benito's total expense is the sum of the operating expenses, cost of insurance, registration, and maintenance. These summed up to $1191. The remaining expense is $646 which is from the gasoline. From this, the cost of gasoline per mile is equal to $0.085.

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B) Educational IRA

C) Traditional IRA

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The correct answer to the question is option D

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4 0
3 years ago
Closing prices of two stocks are recorded for 50 trading days. The sample standard deviation of stock X is 4.638 and the sample
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Answer:

a) The correlation coeffcient is given by:

r = \frac{Cov(X,Y)}{S_x S_y}

And replacing we got:

r = \frac{-36.111}{4.638 *9.084}= -0.857

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Explanation:

Part a

For this case we have the following info:

s_x = 4.638 represent the sample deviation for the variable X

s_y = 9.084 represent the sample deviation for the variable Y

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The correlation coeffcient is given by:

r = \frac{Cov(X,Y)}{S_x S_y}

And replacing we got:

r = \frac{-36.111}{4.638 *9.084}= -0.857

Part b

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Answer:

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