Which sample size of a population of 200 is most likely to give a reliable conclusion?
1 answer:
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This is what I got for the answer
You can use the formula of annual compound interest in this case:
, where
A<span> = the future value of the vehicle</span>
P<span> = the initial price of the vehicle</span>
r<span> = the deprecation rate (decimal)</span>
n<span> = the number of times price deprecate per year</span>
t<span> = the number of years</span>
Now, for this case
, 
, 
and 
, so let's just replace corresponding variables and calculate the future value:
So, the vehicle's value will be $2952.45 after 5 years.
A<span> = the future value of the vehicle</span>
P<span> = the initial price of the vehicle</span>
r<span> = the deprecation rate (decimal)</span>
n<span> = the number of times price deprecate per year</span>
t<span> = the number of years</span>
Now, for this case
So, the vehicle's value will be $2952.45 after 5 years.