Answer: 64 years
Step-by-step explanation:
Let assume the dealer sold the bottle now for $P, then invested that money at 5% interest. The return would be:
R1 = P(1.05)^t,
This means that after t years, the dealer would have the total amount of:
$P×1.05^t.
If the dealer prefer to wait for t years from now to sell the bottle of wine, then he will get the return of:
R2 = $P(1 + 20).
The value of t which will make both returns equal, will be;
R1 = R2.
P×1.05^t = P(1+20)
P will cancel out
1.05^t = 21
Log both sides
Log1.05^t = Log21
tLog1.05 = Log21
t = Log21/Log1.05
t = 64 years
The best time to sell the wine is therefore 64years from now.
Markup is the amount added to the cost price of goods to cover overhead and profit.
Sue’s Corner Market has a markup of 60% on bottled water.
Let us say original price was $x.
Now price after markup is $2.
So we can make an equation like:
original price + markup price = price after markup
x + 60% of x =2


dividing both sides by 1.6
x= 1.25
So original price was 1.25 dollars.
Sizes = Small, Medium and Large, so they has 3 choices for size.
Crust = Thin or thick for each size, so they have 2 choices for crust.
Topping = Tomato or meatball for each one, so they have 2 choices for toppings.
The answer would be:
<span>Three choices for size, two choices for crust, and two choices for topping</span>
Answer:
The test statistic value is 15.3.
Step-by-step explanation:
The hypothesis for this test is:
<em>H</em>₀: The average number of homeless people is not increasing, i.e. <em>μ</em> = 42.3.
<em>H</em>ₐ: The average number of homeless people is increasing, i.e. <em>μ</em> > 42.3.
Given:

As the population standard deviation is provided use a single mean <em>z</em>-test for the hypothesis testing.
The test statistic is:

Thus, the test statistic value is 15.3.
Is that the exact question? because the last part doesn't really make sense to me
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