Doug purchased land for $8,000 in 1995. The year value of the land depreciated by 4% each year thereafter. Use an exponential fu
1 answer:
Answer:
Choice C. $6,012
Step-by-step explanation:
We know that
The formula to find the depreciated value is given by
where
V stands for the depreciated value
P represents the original value
r corresponds to the depreciation rate in decimal
t refers to the Number of Time Periods
In this scenario, we have
t = 7 years
P = $8,000
r = 0.04
Plug these into the formula mentioned earlier
Hope this assists you:)
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Answer:
The most likely length of the line is 69.4012 meters.
The calculated standard deviation amounts to 0.0032 meters.
Step-by-step explanation:
In the problem, the following values are provided:
69.401, 69.400, 69.402, 69.396, 69.406, 69.401, 69.396, 69.401, 69.405, 69.404
Formula:
where represent data points,
is the average, and n indicates the count of observations.
The most likely length of the line is 69.4012 meters.
Sum of squares of differences = 0.0001016
The calculated standard deviation amounts to 0.0032 meters.