Devon purchased a new car valued at $16,000 that depreciated continuously at a rate of 35%. Its current value is $2,000. The equ
ation mc025-1.jpg represents the situation, where t is the age of the car in years and r is the rate of depreciation. About how old is Devon’s car? Use a calculator and round your answer to the nearest whole number.
Initial cost = 16000
depreciation rate = 35%
remaining value = 2000
depreciation over one year = 16000*35% = 5600
5600*2 = 11200 + 5600*6\12 = 2000
The car is aged 2.5 years, accounting for two full years and an additional half year of depreciation.
The median represents the value that stands between the highest and lowest compared to the other values in the set. The mean is the average, determined by summing all the values and dividing the total by the number of data points in the set.
p = 0.62. The likelihood that all three individuals washed their hands after previous restroom use is approximately 0.2383. This probability is based on the given information that 62% of people wash their hands after restroom visits, which corresponds to p = 0.62.
