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Lynna [10]
2 years ago
14

Matthew paid $779,000 for a ten-room apartment building nine years ago. the building has lost 2.7% of its value every year. matt

hew keeps all of his rooms rented out continually, charging a monthly rent of $810 per room. upkeep on the building costs matthew $35,900 every year. if matthew sells the building, what will his total profit be, to the nearest hundred dollars
Mathematics
2 answers:
Sloan [31]2 years ago
6 0
The initial cost of the building is $779,000 and has lost 2.7% of its value every year for 9 years. So the remaining amount is:

$779,000 (1 - 0.027)^9 = $608,909.88

and an upkeep of $35,900 per year:

$608,909.88 - (35,900 x 9) = $285,809.88

He had it rented for $810 per room per month:

$285,809.88 + (810 x 10 x 12 x 9) = 1,160,629.88

Therefore, his profit if he will sell the building is:

$ 1,160,629.88 - $ 779,000 = $381,609.88


Mekhanik [1.2K]2 years ago
5 0

Answer:

D. $381,600

Step-by-step explanation:

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4.625 gallons

Step-by-step explanation:

1. 11 pints plus 13 quarts is 18.5 quarts

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4 0
2 years ago
Underage drinking, Part II: We learned in Exercise 3.25 that about 69.7% of 18-20 year olds consumed alcoholic beverages in 2008
Murrr4er [49]

Answer:

Step-by-step explanation:

Hello!

The variable of interest is

X: number of 18-20-year-olds that consume alcoholic beverages in a sample of 50.

The proportion of underage people that drinks are known to be p= 0.697

This variable is discrete. This experiment has two possible outcomes success or failure, we will call "success" each time we encounter an underage individual that consumes alcohol and "failure" will be counting an underage that does not consume alcohol. The number of repetitions of the trial is fixed n= 50. All randomly selected underage individuals are independent and the probability of success is constant trough the whole experiment p=0.697.

Then we can say that this variable has a binomial distribution and we will use that distribution to do the calculations.

a. Under a binomial distribution, the expected value is calculated as:

E(X)= n*p= 50*0.697= 34.85.

The variance of a binomial distribution is:

V(X)= n*p*(1-p)= 50*0.697*0.303= 10.55955

And the standard deviation is the square root of the variance:

√V(X)= 3.2495 ≅ 3.25

b. To know how rare the value 45, you have to see how distant it is concerning the expected value. For this you have to subtract the expected value and divide it by the standard deviation:

[X-E(X)]/√V(X)

(45-34.85)/3.25= 3.12

The value X=45 is 3.12 standard deviations above the mean, which means that it would be rare to find 45 people or more than consumed alcohol.

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I hope it helps!

8 0
2 years ago
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just olya [345]
ANSWER

The midpoint of both diagonals is

(1,0)
EXPLANATION

We can use either diagonals to determine the midpoint.

We use the midpoint formula

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Let us use the first diagonals H(-2,2) and J(4,-2)

( \frac{ - 2 + 4}{2} , \frac{ - 2+ 2}{2} )

( \frac{ 2}{2} , \frac{ 0}{2} )

( 1, 0)

Using the second diagonals also gives,

( \frac{ - 2 + 4}{2} , \frac{ - 3+ 3}{2} )

( \frac{ 2}{2} , \frac{ 0}{2} )

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2 years ago
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Which of the following statements are true of a least - squares regression equation? *
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Bezzdna [24]

Answer:

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7 0
1 year ago
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