Answer:

Step-by-step explanation:
Do you know what you need to do to solve this problem?
Answer:
b = $48000, m = $3187.5 / year
Step-by-step explanation:
The equation of a linear function is given as y = mx + b, where m is the rate of change, b is the value of y when x = 0, y = dependent variable and x = dependent variable.
Given that V = mt + b:
b = initial price of the house at 0 years = $48000
V = mt + 48000, At 8 years the house is appraised at $73,500
73500 = 8m + 48000
8m = 73500 - 48000
8m = 25500
m = 3187.5
Answer:
8.81% probability that the student answers exactly 4 questions correctly
Step-by-step explanation:
For each question, there are only two possible outcomes. Either he answers it correctly, or he does not. The probability of answering a question correctly is independent of other questions. So we use the binomial probability distribution to solve this question.
Binomial probability distribution
The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.

In which
is the number of different combinations of x objects from a set of n elements, given by the following formula.

And p is the probability of X happening.
A multiple choice exam has ten questions.
This means that 
The probability of answering any question correctly is 0.20.
This means that 
What is the probability that the student answers exactly 4 questions correctly
This is P(X = 4).


8.81% probability that the student answers exactly 4 questions correctly