b) A business purchases a computer system for $2000. The tax code allows them to take off a portion of that purchase for each year the computer system is used. If the value of the system is depreciated at a rate of 15% per year, the function that models the current value of the system is f(x) = 2000 · 0.85%. How much is the computer worth after 4 years to the nearest cent?

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.