A tractor was purchased for 110 000 Euros, and depreciates at 25% p.a. for 5 years.
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
1.) A tractor was purchased for 110 000 Euros, and depreciates at 25% p.a. for 5 years.
a. Find sits value at the end of this period.
b. By how much has it depreciated?
2.) Suppose I buy a laptop for ￥87 500 and kept it for 3 years. During this time it depreciates at an annual rate of 30%.
a. Find its value after 3 years.
b. By how much has the laptop depreciated?
4.) A printing press costing $250 000 was sold 4 years later for $80 000. At what yearly rate did it depreciate in value?
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