Marshall's mother buys 2 boxes of granola bars each week. Each box contains 8 granola bars. If she continues buying 2 boxes each
1 answer:
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Answer:
- y=250x+4000
- y=400x+400
Step-by-step explanation:
Given that:
- x represents the number of months of ownership; and
- y represents the total paid for the car after ‘x' months.
<u>First Option (Leasing)</u>
250x - y + 4000 = 0
Expressing the equation in the Slope-Intercept Form y=mx+b, we have:
y=250x+4000
<u>Second Option (Financing)</u>
$400 for 0 months of ownership, (0,400), and $4400 for 10 months of ownership, (10, 4400).
First, we determine the slope of the line joining (0,400) and (10,4400)
We have:
y=400x+b
When y=400, x=0
400=400(0)+b
b=400
Therefore, the Slope-Intercept Form of the second option is:
y=400x+400
<u>Significance</u>
- In the first option, there is a down payment of $4000 and a monthly payment of $250.
- In the second option, there is a down payment of $400 and a monthly payment of $400.
<u>Part B</u>
We notice from the graph that after 24 months, the cost for leasing and financing becomes the same ($10,000). Therefore, a consumer will be better off financing since the downpayment for leasing is higher.
<u>i.e </u>
- When x=0, y=$4000 for leasing
- When x=0, y=$400 for financing
Answer:
20.33%
Step-by-step explanation:
We have that the mean (m) is equal to 87.5, the standard deviation (sd) 6.25 and the sample size (n) = 12
They ask us for P (x <86)
For this, the first thing is to calculate z, which is given by the following equation:
z = (x - m) / (sd / (n ^ 1/2))
We have all these values, replacing we have:
z = (86 - 87.5) / (6.25 / (12 ^ 1/2))
z = -0.83
With the normal distribution table (attached), we have that at that value, the probability is:
P (z <-0.83) = 0.2033
The probability is 20.33%
