Question
Asked Feb 9, 2020
17 views
5. John, Sue, and Marion have set up a partnership. The total amount contributed
to the partnership is $420 000. Sue's contribution is one-half of John's
contribution, and Marion's contribution is two times John's contribution. Find the
amount of the three persons' contribution to the partnership.
help_outline

Image Transcriptionclose

5. John, Sue, and Marion have set up a partnership. The total amount contributed to the partnership is $420 000. Sue's contribution is one-half of John's contribution, and Marion's contribution is two times John's contribution. Find the amount of the three persons' contribution to the partnership.

fullscreen
check_circle

Expert Answer

Step 1

The total amount contributed to the partnership is $420,000. Sue’s contribution is one-half of John’s contribution, and Marion’s contribution is two times John’s contribution.

 

Step 2

Calculation:

Let X be the contribution of John.

Sue’s contribution is X/2.

Marion’s contribution is 2X.

John’s contribution is calculated as follows:

Statistics homework question answer, step 2, image 1

...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Math

Statistics

Related Statistics Q&A

Find answers to questions asked by student like you
Show more Q&A
add
question_answer

Q: Assume researchers are trying to find out the mean concentration levels of a specific drug in a popu...

A: From the provided information,The sample mean (x̄) = 6.7 mcg/mLStandard deviation (σ) = 1.3 mcg/mLSa...

question_answer

Q: I need help on number 2.

A: a) Mode: Mode is the most frequently occurring value in the data set. Some data sets do not have a m...

question_answer

Q: The average number of words in a romance novel is 64,235 and the standard deviation is 17,247. Assum...

A: Hey there! Thank you for posting the question. Since your question has more than 3 parts, we are sol...

question_answer

Q: Could you help me understand and answer 13 a and b?

A: a). It is given that there are 2 bicycle thefts every 10 square miles. That is, λ=2 for 10 square mi...

question_answer

Q: A coach is interested in how many slam dunks the average college freshman at his university can do. ...

A: Population:Population consists of the complete subjects that are included in the study for making in...

question_answer

Q: The sizes of houses in Kenton County are normally distributed with a mean of 1369 square feet with a...

A: It is given that the size of houses is normally distributed with mean 1,369 square feet and standard...

question_answer

Q: how to find probability of a bell curve

A: The normal distribution: A continuous random variable X is said to follow normal distribution with m...

question_answer

Q: Assuming α= 0.05, what is the critical t value for the following distributions: df = 10, two-tail...

A: Click to see the answer

question_answer

Q: Trevor is interested in purchasing the local hardware/sporting goods store in the small town of Dove...

A: Click to see the answer