Answer:
No
Explanation:
The independent irrelevant alternative criterion is not violated here. The law of irrelevant alternative criterion holds that if candidate A is liked more than candidate B then a new candidate C who is liked less than candidate A should not spoil the victory of Candidate A, so that candidate B wins.
In the example in the question, candidate Parker was the preferred candidate before the elimination of candidate Myers and so will still be the winner of the election, therefore the irrelevant alternative criterion has not been violated.
Answer:
he would make a profit of $35.74
the percent of markup is 56% (55.62 to be exact)
Answer:
A = $3094.58
General Formulas and Concepts:
<u>Pre-Algebra</u>
- Order of Operations: BPEMDAS
<u>Algebra I</u>
Simple Interest Rate Formula: A = P(1 + r)ⁿ
- A is the final amount
- P is the principal amount
- r is the rate
- n is the time (in years)
Step-by-step explanation:
<u>Step 1: Define variables</u>
A = ?
P = 3020
r = 0.05
t = 6 months = 0.5 years
<u>Step 2: Solve for </u><em><u>A</u></em>
- Substitute: A = 3020(1 + 0.05)^0.5
- Add: A = 3020(1.05)^0.5
- Evaluate: A = 3020(1.0247)
- Multiply: A = 3094.58
And we have our final answer!
