The factοred fοrm οf a pοlynοmial is
1. 30b³- 54b² = 6b²(5b−9)
2. 3y⁵ - 48y³ = 3y³(y −4)(y + 4)
3. x³ + 8 = (x + 2) (x² – 2x + 2²)
4. y³ - 64 = (y - 4) (y² – 4y + 4²)
5. 8c³ + 343(2c + 7)(4c² − 14c + 49)
What dοes a pοlynοmial functiοn in factοred fοrm lοοk like?The factοred fοrm οf a pοlynοmial is represented as a³ + b³ = (a + b) (a² – ab + b²). All equatiοns are cοmpοsed οf pοlynοmials. Earlier we've οnly shοwn yοu hοw tο sοlve equatiοns cοntaining pοlynοmials οf the first degree, but it is οf cοurse pοssible tο sοlve equatiοns οf a higher degree.
One way tο sοlve a pοlynοmial equatiοn is tο use the zerο-prοduct prοperty. If yοu remember frοm earlier chapters the prοperty οf zerο tells us that the prοduct οf any real number and zerο is zerο.
We will use the formula
a³ + b³ = (a + b) (a² – ab + b²)
And
a³ - b³ = (a - b) (a² – ab + b²)
1. [tex]30b^3-\ 54b^2[/tex]
⇒ 6b²(5b−9)
2. 3y⁵ - 48y³
⇒ 3y³( y² - 16y)
⇒ 3y³( y² - 4 + 4 - 16y)
⇒ 3y³(y −4)(y + 4)
3. x³ + 8
⇒ x³ + 2³
Using a³ + b³ = (a + b) (a² – ab + b²)
⇒ x³ + 2³
⇒ (x + 2) (x² – 2x + 2²)
4. y³ - 64
⇒ y³ - 4³
Using a³ - b³ = (a - b) (a² – ab + b²)
⇒ y³ - 4³
⇒ (y - 4) (y² – 4y + 4²)
5. 8c³ + 343
Using a³ + b³ = (a + b) (a² – ab + b²)
2c + 7
(2c + 7)(4c² − 14c + 49)
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how to calculate the product of two random variable that follows normal distribution with mean 0 and variance 1
To calculate the product of two random variables that follows the normal distribution with mean 0 and variance 1 by using the covariance formula
Cov(X, Y) = E[XY] - E[X]E[Y] = E[XY] - 0 = E[XY]
Given that two random variables follow a normal distribution with mean 0 and variance 1.
Let X and Y be two independent normal random variables such that X ~ N(0,1) and Y ~ N(0,1)
Now, The expected value of the product of two random variables is given by;
E[XY] = E[X]E[Y] + Cov(X,Y)
Where E[X] and E[Y] are the means of the two random variables X and Y respectively.
Cov(X, Y) is the covariance between the two random variables, which can be calculated using the formula;
Cov(X,Y) = E[XY] - E[X]E[Y]
Now, E[X] = E[Y] = 0 as both have a mean of 0.
Cov(X, Y) = E[XY] - E[X]E[Y]
⇒ E[XY] = the expected value of the product of X and Y.
As X and Y are independent, their covariance will be zero, which implies;
Cov(X, Y) = E[XY] - E[X]E[Y] = E[XY] - 0 = E[XY]
Thus, we can calculate the product of two random variables that follow a normal distribution with mean 0 and variance 1 using the above formula for covariance.
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is this A.less then
b.equal too
c.more then
Answer:
A. Less than
Step-by-step explanation:
What is the value of x in the equation 1/4(4 + x) = 4/3
The value of x in the equation 1/4(4 + x) = 4/3 is x = 4/3.
Multiply both sides of the equation by 4 to eliminate the fraction on the left-hand side:
1/4(4 + x) = 4/3
4 * 1/4(4 + x) = 4 * 4/3
Simplifying:
4 + x = 16/3
Subtract 4 from both sides of the equation:
4 + x - 4 = 16/3 - 4
Simplifying:
x = 16/3 - 12/3
x = 4/3
A fraction is a mathematical concept used to represent a part of a whole or a ratio between two quantities. It is typically written in the form of a numerator (top number) over a denominator (bottom number), separated by a horizontal line. For example, the fraction 1/2 represents one out of two equal parts, or half of a whole. Similarly, the fraction 3/4 represents three out of four equal parts, or three-quarters of a whole.
Fractions are an essential part of mathematics and are used in a wide range of applications, including measurements, cooking, and financial calculations. They can be added, subtracted, multiplied, and divided just like whole numbers, but they require a bit more care in their manipulation due to their unique structure.
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Move the manilla point as close to the circle as possible so that the blue arc almost disappears keep the manilla point on the circle
What previously learned theorem do these transformations reveal
A theorem which these transformations reveal include the following: theorem of intersecting secants.
What is the theorem of intersecting secants?In Mathematics and Geometry, the theorem of intersecting secants states that when two lines intersect outside a given circle, the measure of the angle formed by these intersecting lines is equal to one-half (½) of the difference of the two (2) arcs it intercepts.
By applying the theorem of intersecting secants, the value of any of the angle subtended by the intersecting lines can be calculated by using the following mathematical equation:
m∠a = One-half(y – x).
m∠a = ½(y – x).
Where:
x and y represent the angles formed by the intersecting lines.
Therefore, the theorem of intersecting secants describe these set of transformations.
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with k being all the numbers from one to 100, whats x3+y3+z3=k?
X = -80538738812075974, Y = 80435758145817515,
and Z = 12602123297335631 are the values of x,y,z of whole numbers.
What in mathematics is a whole number?
Complete numbers the sum of all natural numbers plus zero. not a decimal or fraction. {0, 2, 3, 4, 5 6, 7, 8, 9, 10, 11 …} Integer. a negative number, zero, or a counting number.
Natural numbers with a starting value of 1 and higher are considered whole numbers. Let's examine a few instances of entire numbers. The alphabet "W" stands for the collection of whole numbers. W = {0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10,.…}
x3+y3+z3=k, with k being all the numbers from one to 100
X = -80538738812075974,
Y = 80435758145817515,
and Z = 12602123297335631
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Determine whether the Mean Value theorem can be applied to f on the closed interval [a, b]. (Select all that apply.) f(x) = 9x3, [1, 2] Yes, the Mean Value Theorem can be applied. No, because f is not continuous on the closed interval [a, b]. No, because fis not differentiable in the open interval (a, b). None of the above. If the Mean Value Theorem can be applied, find all values of c in the open interval (a, b) such that f'(c) = - w f(b) – f(a) 2. (Enter your answers as a comma-separated list. If the Mean Value Theorem cannot Ent b - a be applied, enter NA.) C=
Answer: Yes, the Mean Value Theorem can be applied to f(x) = 9x^3 on the closed interval [1, 2].
To find all values of c in the open interval (1, 2) such that f'(c) = (f(b) - f(a))/(b - a), we first find the derivative of f(x):
f'(x) = 27x^2
Then, we can use the Mean Value Theorem to find a value c in the open interval (1, 2) such that:
f'(c) = (f(2) - f(1))/(2 - 1)
27c^2 = 9(2^3 - 1^3)
27c^2 = 45
c^2 = 5/3
c = +/- sqrt(5/3)
Therefore, the values of c in the open interval (1, 2) such that f'(c) = (f(b) - f(a))/(b - a) are:
c = sqrt(5/3), -sqrt(5/3)
Note that these values are not in the closed interval [1, 2], as they are not between 1 and 2, but they are in the open interval (1, 2).
Step-by-step explanation:
An urn contains eight green balls and six red balls. Four balls are randomly selected from the urn in succession, with replacement. That is, after each draw the selected ball is returned. What is the probability that all four balls drawn are red. Round your answer to three decimal places
The probability of drawing four red balls in succession, with replacement, is 0.04 or 4%.
Since we are replacing the ball after each draw, the probability of drawing a red ball remains the same for each draw. The probability of drawing a red ball on any given draw is:
P(Red) = Number of Red Balls / Total Number of Balls
P(Red) = 6 / (8 + 6)
P(Red) = 0.4286
So, the probability of drawing four red balls in a row is the product of the probability of drawing a red ball four times in a row:
P(4 Red Balls) = P(Red) * P(Red) * P(Red) * P(Red)
P(4 Red Balls) = 0.4286 * 0.4286 * 0.4286 * 0.4286
P(4 Red Balls) = 0.04 or 4%
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Martina made $60 for 5 hours of work. At the same rate, how many hours would she have to work to make $204 ?
Answer:
WELL 17
Step-by-step explanation:
60 DIVED BY 5 IS 12
SO 12 DIVIDED BY 204 IS 17 SOOOOOO 17 IS THE ANS
PLEASEEE HELP I NEED THIS ASAPPP
Answer:
perimeter=42
Area=90
Step-by-step explanation:
find the length of DEFG:
perimeter=a=b+a+b
28=10+b+10+b
28=20+2b
8=2b
4=b
finding the scale factor:
15/10=3/2
to find the perimeter of WXYZ:
the missing side:
=4x3/2
=6
perimeter=a+b+a+b
perimeter=15+6+15+6
perimeter=42
Area of WXYZ:
Area=bh
Area=15x6
Area=90
I think it’s to do with Pythagoras theorm
What method could have been used to collect the data
The method used to collect data will depend on the specific research question being asked and the resources available to the researcher.
One common method for collecting data is through experimentation. This involves designing a controlled experiment that allows researchers to manipulate one or more variables while keeping all other factors constant.
Observational data can be particularly useful when it is not possible or ethical to manipulate variables in an experiment.
Surveys and questionnaires are another way to collect data. These methods involve asking people to provide information about their attitudes, beliefs, and behaviors.
Other methods for collecting data include case studies, in which researchers closely examine a single individual or group, and archival research, in which data is collected from existing records, such as census data or medical records.
By carefully selecting the right method for their research, scientists can gather accurate and reliable data that can help to advance our understanding of the world around us.
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Q3 NEED HELP PLEASE HELP
Answer:
C. Rachel is saving $5 per week.
Step-by-step explanation:
The initial savings are $10, as it is the y-intercept.
And to obtain the slope we can take 2 points from the graph.
A(0,10)
B(1,15)
m=(y2-y1)/ (x2-x1)
m=(15-10)/ (1-0)
m= 5/1
m= 5 savings in dollars per (1) week
Find an expression that is equivalent to (a - b) ^ 3
An expression equivalent to (a - b)³ is a³ - 3a²b + 3ab² - b³.
What other expressions are the same as 2 5?The fractions 4/10, 6/15, 8/20, etc. are identical to 2/5. In the reduced form, equivalent fractions have the same value. Explanation: When writing equivalent fractions, the numerator and denominator should be multiplied or divided by the same number.
One way to expand (a - b)³ is to use the binomial formula:
(a - b)³ = C(3,0) * a³ * (-b)^0 + C(3,1) * a² * (-b) + C(3,2) * a * (-b)² + C(3,3) * a * (-b)³
where C(n,k) denotes the number of ways there are to select k objects from a set of n objects, and "n choose k" is the binomial coefficient.
Simplifying the above expression, we get:
(a-b)³ = a³-3a²b+3ab²-b³.
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A shipping company is packing a box with one cubic centimeters blocks. The box is 14 centimeters long. 12 centimeters wide and 16 centimeters high. How many one cubic centimeter blocks will fill the box ?
The shipping company will need 2,688 one cubic centimeter blocks to fill the box.
The volume of the box can be calculated as:
Volume = length x width x height
Volume = 14 cm x 12 cm x 16 cm
Volume = 2,688 cubic cm
Since each block is also one cubic cm in volume, we can simply divide the total volume of the box by the volume of one block to find the number of blocks needed to fill the box:
Number of blocks = Volume of box / Volume of one block
Number of blocks = 2,688 cubic cm / 1 cubic cm
Number of blocks = 2,688
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A certain population is strongly skewed to the left. We want to estimate its mean, so we will collect a sample. Which should be true if we use a large sample rather than a small one?
I. The distribution of our sample data will be closer to normal.
II. The sampling model of the sample means will be closer to normal.
III. The variability of the sample means will be greater.
A. I and II only
B. I only
C. III only
D. II and III only
E. II only
A. I and II only true if we use a large sample rather than a small one
sampling model
Define sampling modelA sampling model is a statistical model used to describe the behavior of a sample statistic. In other words, it is a model that describes the distribution of a particular sample statistic, such as the mean or standard deviation, as it is repeatedly sampled from a population.
When a sample is drawn from a population that is strongly skewed to the left, a small sample may not accurately represent the true population mean. However, if a large sample is taken, the sample mean is more likely to be normally distributed, due to the central limit theorem. This means that both statement I and II are true.
Statement III is false because as the sample size increases, the variability of the sample means actually decreases. This is because larger samples tend to have less sampling error and are more representative of the population as a whole.
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the diameters of ball bearings are distributed normally. the mean diameter is 58 millimeters and the standard deviation is 6 millimeters. find the probability that the diameter of a selected bearing is greater than 52 millimeters. round your answer to four decimal places.
The probability that the diameter of a selected bearing is greater than 52 millimeters is 0.8413. This can be calculated using the formula for probability of a normal distribution:
P(x > 52) = 1 - P(x ≤ 52)
P(x ≤ 52) = (52 - 58) / 6 = -1
P(x > 52) = 1 - P(-1) = 1 - 0.1587 = 0.8413.
Therefore, the probability that the diameter of a selected bearing is greater than 52 millimeters is 0.8413.
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the nutty professor sells cashews for $7.70 per pound and brazil nuts for $4.80 per pound. how much of each type should be used to make a 27 pound mixture that sells for $6.41 per pound?
The amount that each type would be 11.87 lbs of cashews and 15.13 lbs of brazil nuts
1. First, find the total cost of 27 lbs of the mixture: 27 lbs x $6.41/lb = $171.07.
2. Next, find the cost of cashews and brazil nuts in the mixture. Cashews cost $7.70/lb and brazil nuts cost $4.80/lb.
3. Subtract the cost of the brazil nuts from the total cost of the mixture: $171.07 - (27 lbs x $4.80/lb) = $105.27.
4. Divide the cost of the cashews ($105.27) by the cost of one pound of cashews ($7.70): $105.27/$7.70 = 13.66 lbs.
5. Subtract the number of pounds of cashews (13.66) from the total pounds of the mixture (27) to find the number of pounds of brazil nuts: 27 - 13.66 = 15.13 lbs.
6. Therefore, the mixture should contain 11.87 lbs of cashews and 15.13 lbs of brazil nuts.
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The equation y = 8x represents the
relationship between the amount of
time Shanay takes to weave thread
into fabric and the number of rows.
How long will it take Shanay to weave
72 rows of fabric at this constant rate?
*CORRECT AND FASTEST ANSWER GETS BRAINLIEST!!!*
A greengrocer buys fruit and vegetables from the market and sells them at a 25% mark up. On one particular moring her fruit and vegetables cost her €500. If she sells all of her produce, find:
A) her profit
B) her total income
Answer: Below :)
Step-by-step explanation:
A) To find the profit, we first need to calculate the cost of the produce plus the 25% markup.
The markup is 25% of the cost, which is 0.25 * 500 = €125.
So the total cost of the produce plus markup is €500 + €125 = €625.
Now, if the greengrocer sells all the produce, the total revenue will be 100% plus the 25% markup, which is 125% of the original cost.
125% of €500 is 1.25 * 500 = €625, which is the same as the cost plus markup.
Therefore, the profit is the markup, which is €125.
B) To find the total income, we add the profit to the total cost:
Total income = €500 + €125 = €625
Answer:
A) €125
B) €625
Suppose a product's revenue function is given by R(q) = - 7q + 600qr. Find an expression for the marginal revenue function, simplify it, and record your result in the box below. Be sure to use the proper variable in your answer. (Use the preview button to check your syntax before submitting your answer.) Answer: MR(q) =
The expression for the marginal revenue function is MR(q) = 600r - 7.
The given product's revenue function is R(q) = - 7q + 600qr.
To find an expression for the marginal revenue function, we can use the following steps:
Step 1: Take the first derivative of the revenue function with respect to q to obtain the marginal revenue function MR(q).
Step 2: Simplify the expression for MR(q) to record the final result.
In other words, the marginal revenue function MR(q) is the derivative of the revenue function R(q) with respect to q. Here, R(q) = - 7q + 600qr.
So, we have to differentiate R(q) with respect to q to get MR(q).
The derivative of - 7q with respect to q is - 7.
The derivative of 600qr with respect to q is 600r because the derivative of q with respect to q is 1.
MR(q) = dR(q) / dq
= (d/dq)(- 7q + 600r)
= (- 7) + (600r)
= 600r - 7
The equation that represents the marginal revenue function is MR(q) = 600r - 7.
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The bakers at healthy bakery can make 190 bagels in 10 hours. How many bagels can they make in 17 hours? What is the rate per hour?
The cookers at healthy Bakery could make 323 bagels in 17 hours, and their rate is 19 bagels according to hour.
To find out how many bagels the cookers could make in 17 hours, we will use the unitary method, which involves finding the rate at which the cookers can make bagels and additionally multiplying that price through the wide variety of hours labored.
Let the rate at which the cookers can make bagels be r bagels in line with hour. We also can set up the subsequent share
190 bagels/ 10 hours = r bagels 1 hour
Simplifying this proportion, we get
r = 190 bagels/ 10 hours
r = 19 bagels/ 1 hour
So the cookers can make 19 bagels in keeping with hour.
To find out how many bagels they could make in 17 hours, we can multiply the rate via the number of hours
19 bagels/ hour × 17 hours = 323 bagels
Therefore, the cookers at healthy Bakery could make 323 bagels in 17 hours, and their rate is 19 bagels according to hour.
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& Management Sciences Assignment March 2 Jacob's Pet Shop is a small pet shop that stocks pet food and accessories and offers a local delivery service. The owner, Jacob, employs a shop manager-two shop assistants and a driver for deliveries. Jacob's Pet Shop PET SHOP Figure 1: Money, goods, services, and factors of production flow from Jacob's business into the econo 3.2.1. Discuss how money, goods and services and factors of production flow between Jacob's Pet Shop, consumers who buy pet food and accessorie from the business and the government. 3.2.2. Draw a diagram that shows all these flows. 3.3 List TWO features that a closed economy will prohibit. TOTAL MARKS [50] (2X-
Answer: 3.2.1. Money, goods, services, and factors of production flow between Jacob's Pet Shop, consumers, and the government as follows:
Money flows from consumers to Jacob's Pet Shop when they purchase pet food and accessories, and from Jacob's Pet Shop to the government in the form of taxes.
Goods and services flow from Jacob's Pet Shop to consumers when they purchase pet food and accessories, and from the government to Jacob's Pet Shop in the form of contracts or grants for the delivery service.
Factors of production flow from Jacob's Pet Shop to the economy in the form of employment opportunities for the shop manager, shop assistants, and driver, and from the economy to Jacob's Pet Shop in the form of raw materials and supplies for the business.
3.2.2. The diagram below illustrates the flow of money, goods and services, and factors of production between Jacob's Pet Shop, consumers, and the government:
+--------------------+
| |
| Consumers |
| |
+--------+-----------+
| Purchase pet food and accessories
+--------v-----------+
| |
| Jacob's Pet Shop |
| |
+-------+--------------+
| Sell pet food and accessories
|
+---------v-----------+
| |
| Government |
| |
+---------------------+
3.3. Two features that a closed economy will prohibit are:
International trade: A closed economy does not engage in trade with other countries. All economic activity is confined within the borders of the country.
Movement of capital: A closed economy does not allow the free movement of capital, such as investments or loans, in and out of the country. All capital transactions are restricted within the economy.
was this worth 5 points no way.
Step-by-step explanation:
There are 30 students in Mr. Hall class. 1/3 of the students are traveling somewhere this summer. Of those traveling, 1/5 are going out of the country. How many students are traveling out of the country?
The number of students traveling are 2 students out of the 30 who are traveling out of the country this summer. If 1/3 of the students are traveling somewhere this summer, then we can calculate the number of students who are traveling by multiplying the total number of students by 1/3:
Number of students traveling = 30 x 1/3 = 10
Now, we need to find out how many of these 10 students are traveling out of the country. We know that 1/5 of the students who are traveling are going out of the country, so we can find the number of students who are traveling out of the country by multiplying the total number of traveling students by 1/5:
Number of students traveling out of the country = 10 x 1/5 = 2
Therefore, there are 2 students out of the 30 who are traveling out of the country this summer.
It's important to note that fractions can be converted to decimals or percentages to make them easier to work with. For example, 1/3 can be written as 0.33 or 33%, and 1/5 can be written as 0.20 or 20%. This can be particularly useful when dealing with more complex problems or when working with larger numbers.
In summary, by using the information given, we can determine that out of the 30 students in Mr. Hall's class, 10 are traveling somewhere this summer, and out of those 10 students, 2 are going out of the country. This type of problem-solving helps build math skills that are applicable in real-world scenarios, such as budgeting and planning for travel.
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The radius of a circle is 8 meters. What is the circle's circumference?
Use 3.14 for л.
Answer:
circumference=50.24
Step-by-step explanation:
c=2x3.14xr
c=2x3.14x(8)
c=50.24
place the publication of three major books on race in chronological order, from earliest to most recent. Start by clicking the first item in the sequence or dragging it here Drag the items below into the box above in the correct order, starting with the first item in the sequence. Tomas Almaguer wrote about historical race relations in California in Racial Fault Lines Michael Omi and Howard Winant wrote about the social construction of race in Racial Formation in the United States. Ta-Nehisi Coates wrote about race and the African American experience in Between the World and Me.
The publication of three major books on race in chronological order, from earliest to most recent is:
- Micheal Omi and Howard Winant wrote about the social construction of race in Racial Formation in the United States.- Tomas Almaguer wrote about historical race relations in California in Racial Fault Lines.- Ta- Nehisi Coates wrote about race and the African American experience in Between the World and Me.Chronological order is the listing, description, or discussion of when events occurred in relation to time. Essentially, it is similar to looking at a chronology to see what happened initially and what happened after that. For example, if teachers asked their pupils to recount their first day of school, they would expect students to begin by waking up that morning and getting ready. If pupils begin from the time they enter the school, significant information is lost and the listener may become confused due to a lack of knowledge.
Helping pupils grasp what chronological order is and how to use the skill correctly can benefit students ranging from kindergarten to collegiate levels. The concept may appear simple, yet failing to master chronological sequence can cause kids to struggle academically and lack a solid educational foundation.
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Mrs Smith walks a half a mile a day after work. She works five days a week. How many yards will she have walked for the week by Friday morning?
The distance Mrs. Smith covers is 3520 yards during the duration of the week by Friday morning.
One week has seven days in total.
Mrs. Smith walks half a mile each day after work, she walks a total of
0.5 miles/ day × 7 days/ week = 3.5 miles/ week
Now, if we calculate the distance on Friday morning, she must have walked four times till Friday morning since she has to walk after her work.
Therefore,
0.5 miles/ day × 4 days = 2 miles
To convert miles to yards, we can use the fact that there are 1760 yards in one mile:
2 miles/week × 1760 yards/mile = 3520 yards/week
Therefore, by Friday morning, Mrs. Smith will have walked 3520 yards.
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Write the percent as a decimal.
95%
Answer:
9.5 decimal
espero y te ayude
a
49⁰
Find the measure of a.
127⁰
72⁰
Answer:
112°
Step-by-step explanation:
Finding the unknown angle in a quadrilateral:
Sum of all angles of a quadrilateral = 360
a + 49 + 72 + 127 = 360
a + 248 = 360
a = 360 - 248
a = 112°
Elena and Jada were racing on their bikes. Elena started 15 meters ahead of Jada. Elena biked at a rate of 20 meters per second. Jada biked at a rate of 22 meters per second. Let x represent time in seconds and y represent distance in meters. After how many seconds will Jada pass Elena?
Jada overtakes Elena after 7.5 seconds.
The set of equations that best captures the scenario is =y=15+20x.
Let's establish a coordinate system with Elena's starting point as the origin. Elena's separation from the origin at time x is given by: y=15+20x
y1 = 15 + 20x
Jada's distance from the origin at time x is determined similarly by:
y2 = 22x
Finding the moment x at which Jada overtakes Elena and their distances from the origin are equal is our goal.
y1 = y2
With the formulas for y1 and y2 substituted, we obtain:
15 + 20x = 22x
When we simplify this equation, we obtain:
2x = 15
x = 7.5
Jada therefore overtakes Elena after 7.5 seconds.
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4. Assume that 4 years from now you will need $1,000. Your bank compounds interest
at an 8% annual rate. A. How much must you deposit 1 year from now to have a balance of $1,000 at
Year 4?
b. If you want to make equal payments at the end of Years 1 through 4 to
accumulate the $1,000, how large must each of the 4 payments be?
c. If your father were to offer either to make the payments calculated in part b
($221. 92) or to give you a lump sum of $750 one year from now, which would
you choose?
d. If you will have only $750 at the end of Year 1, what interest rate, compounded
annually, would you have to earn to have the necessary $1,000 at Year 4?
e. Suppose you can deposit only $186. 29 each at the end of Years 1 through 4, but
you still need $1,000 at the end of Year 4. What interest rate, with annual
A. deposit $735.03 one year from now. B. $210.48 for each of the four years. C. choose the lump sum of $750 from your father. D. Interest rate of 7.4% compounded annually. E. Interest rate of 12%.
a. To have a balance of $1,000 four years from now, you need to calculate the present value of this amount. Using the compound interest formula, we can calculate that you need to deposit $735.03 one year from now to have a balance of $1,000 four years from now.
b. If you want to make equal payments at Years 1 through 4 to accumulate the $1,000, you can use the annuity formula to calculate the required payments. The formula gives us a payment of $210.48 for each of the four years.
c. If your father were to offer either to make the payments calculated in part b or to give you a lump sum of $750 one year from now, you can compare the present value of both options. The present value of the four payments of $210.48 each, using an 8% annual interest rate, is $682.96. Therefore, you would choose the lump sum of $750 from your father.
d. If you have only $750 one year from now, you can use the compound interest formula to calculate the interest rate you need to earn to have $1,000 four years from now. Using the formula, we get an interest rate of 7.4% compounded annually.
e. If you can only deposit $186.29 each at Years 1 through 4, you can use the compound interest formula to calculate the interest rate you need to earn to have $1,000 four years from now. Using the formula, we get an interest rate of 12% compounded annually.
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Complete question:
Assume that 4 years from now you will need $1,000. Your bank compounds interest at an 8% annual rate.
a. How much must you deposit 1 year from now to have a balance of $1,000 4 years from now?
b. If you want to make equal payments at Years 1 through 4 to accumulate the $1,000, how much each of the 4 payments be?
c. If your father were to offer either to make the payments calculated in part b or to give you a lump sum of $750 1 year from now, which would you choose?
d. If you have only $750 1 year from now, what interest rate, compounded annually, would you have to earn to have the necessary $1,000 4 years from now? 7.4%
e. Suppose you can deposit only $186.29 each at Years 1 through 4, but you still need $1,000 at Year 4. What interest rate, with annual compounding, must you seek out to achieve your goal?