3] If the p.d.f., of the random variable X is given by
1 answer:
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To set the equation,we can first find how much price would be raised within a year:
=500×(1+7%)
=500×1.07
As the years go by the increase would accumulate,and the equation would be:
Hope it helps!
=500×(1+7%)
=500×1.07
As the years go by the increase would accumulate,and the equation would be:
Hope it helps!