In a survey of consumers, approximately 43% said they would be willing to pay $1500 more for a new car if the car had an EPA rating of 83 miles per gallon. If your car currently gets 21 miles per gallon and you drive approximately 10,000 miles per year, in how many months would your savings on gasoline pay for the increased cost of such a car? Assume that the average cost of gasoline is $2.00 per gallon. Round to the nearest whole number.

Q: In April 2011, Consolidated Edison (ED) stock cost $50 per share and yielded 5% per year in…

A: Let there are x ED shares and y NGG shares.ED share and NGG share both  costs $50 eachYou have…

Q: Use the below table to calculate the amount of federal income tax that Ken should report if he…

A: Given  Income of Kane is $54187 According to federal tax rates, Kane has to pay tax on 1: 13% on…

Q: 6. The number of bass in Lake Okeechobee has declined to one-third its previous level every 7 years…

A:

Q: A recent advertisement claimed that 2 out of every 3 doctors recommended a certain herbal supplement…

A:

Q: If output per laborhour increases by 5 percent com- pounded annually and is currently 100 units per…

A:

Q: A manufacture has been selling 1200 television sets a week at $540 each. A market survey indicates…

A:

Q: 4. According to a government agency, there were 98,600 chefs/head cooks employed in the United…

A: According to the given information, Number of chefs employed in USA in 2010 = 98,600 Number of chefs…

Q: The population of a city has decreased by 32% since it was last measured. If the current population…

A: From the information, Let x denote the population of city when it was last measured The current…

Q: You are to give a client one tablet labeled 0.15 mg and one labeled 0.025 mg. What is the total…

A: The dosage of one tablet = 0.15 mg The dosage of second tablet = 0.025 mg Hence, The total dosage is…

Q: Marvin lives in Campbell, where the cost of living increases by 6% every year. If Marvin spends…

A: The cost of living increase by 6% every year.  First years spending = $23210 Hence, 17 years from…

Q: You inherit $70,000 from a very wealthy​ grandparent, with the stipulation that for the first​ year,…

A: Let x (in dollars)  be the amount invested at 4% and then amount invested at 10% is (70000-x)…

Q: 1. In the Baltimore area a high-end Comcast cable package with HBO runs about $67 a month. What…

A: For 1 month the cost is $67 There are 12 months in a year.

Q: In what year will the estimated revenue of Walmart be 1,449 bllion US dollars?

A: Given,                r=mx+b

Q: You decide to work fewer hours per week, which results in a 19% decrease in your pay. What…

A:

Q: Starbucks Corporation had annual sales of approximately $13.3 billion in 2012 and $16.4 billion in…

A: We have, Starbucks Corporation had annual sales of approximately $13.3 billion in 2012 and $16.4…

Q: A salesperson receives a base salary of $32,000 and a commision of 15% of the total sales for the…

A:

Q: In Westford, the use of landlines has been declining at a rate of 10% every year. If there are…

A:

Q: A bank loaned out $14.000, part of it at the rate of 7% per year and the rest at 17% per year. If…

A: Let the sum given at 7% of interest be x Therefore the sum given at 17% of interest = $14000-x The…

Q: If our monthly income is $1,400 and your house payment is $1,140, what fraction of your monthly…

A: Monthly income = $1,400  House payment = $1,140 Fraction of monthly income into house payment =…

Q: In one of the industrial zones, sewage is treated to produce usable fertilizers and arable water by…

A:

Q: At the benefit performance, twenty wealthy men agreed that the first one to arrive will pay 1 peso…

A: There is total 20 wealthy men.

Q: Suppose a bakery makes 200 cherry cheesecakes at a cost of $2.75 each. If a spoilage rate of 5% is…

A: Cost of making 200 cherry cheesecakes = 200 × 2.75 = $550 5 % of cherry cakes spoiled = 5100×200 =…

Q: A bank loaned out $600,000, a part of it at the rate of 12% per year and the rest at a rate of 6%…

A: Let the amount loaned at 12% be: x Let the amount loaned at 6% be: y Total amount loaned out is: $…

Q: A manufacture has been selling 1700 television sets a week at $390 each. A market survey indicates…

A: Given- Manufacturer sells 1700 television sets a week at $390 each . For each $13 the number of sets…

Q: A new employee is paid $22.50 an hour. A performance evaluation is completed at the end of the year,…

A: We have to find rate per hour after increment.

Q: A bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the rate of 18% per…

A: A bank loaned out $12,000, part of it at the rate of 8% per year and the rest at the rate of 18% per…

Q: In 2011, Manitoba progressive income tax rates were 10.8% on the first $31,000, 12.75% on the next…

A: Given: Tax rate is 10.8% till $31000 Tax rate is 12.75% beyond $31000 till $36000 Tax rate is 17.4%…

Q: A newly opened bed-and-breakfast projects the following: Monthly fixed costs Variable cost per…

A: Given problem Given that   A newly opened bed-and-breakfast projects the following :   Monthly…

Q: Sierra plans to retire at age 63, and estimates that $69,600 a year in retirement for 22 years will…

A:

Q: A real estate agent estimates that the value of office buildings in Oxford will continue to go up by…

A: We need to find future value.

Q: The population of a certain country is about 40 million. Last year, the number of deaths due to…

A: Given that , The population of a certain country is about 40 million. Last year, the number of…

Q: Structures Inc. had a net income of $123,000, total revenue of $551,180, and total variable costs of…

A: Given that:   Net income = $ 123,000   Total revenue = $ 551,180   Total variable cost = $ 338,035

Q: A mechanical contractor has four employees whose combined salaries through the end of this year are…

A: Answer is mentioned below Below mentioned answer is correct and explained in a elaborated manner

Q: If you earn $2950 per month and you expect your earnings to increase by 3.6% per year, how much do…

A:

Q: According to the u.s census bureau, the District of Columbia population is currently 572,000. If the…

A: let 10 years ago X be the population of  District of Columbia . If the population has been growing…

Q: The cost of a particular private school inclues a one-time initiation fee of $2,000, plus annual…

A: It is given that one-time initiation fee is $2,000 and annual tuition fee is $10,000.The initiation…

Q: A bank loaned out $28,500, part of it at the rate of 15% annual interest, and the rest at 7% annual…

A: We know that x% annual interest of y means, interest earn is y×x100.see below the calculation

Q: A computer system de preciates at an average rate of 4% per month. If the value of the computer…

A:

Q: Suppose Sam makes $75,000 a year while Willie makes $6,500 per month.  Who makes more money per…

A:

Q: • Under these conditions, what is the consumer surplus? 464 x million of gallons Round your answer…

A: We need to find consumer and producer surplus.

Q: Suppose a bakery makes 200 cherry cheesecakes at a cost of $2.25 each. If a spoilage rate of 5% is…

A: No of cherry cheesecakes made by the bakery = 200 A spoilage rate of 5% is anticipated. This…

Q: f Mary received a 10% raise and is now making $17,600 a year, what was her salary before the raise?

A: Mary received a 10% raise and is now making $17,600 a year. To find what was her salary before the…

Q: Starting at the age of 40, an average man loses 5% of his hair every year. Atwhat age should an…

A: Consider the exponential decay formula,

Q: If John earns $4,500 per month and spends 20% of his earnings on his monthly rent, how much does he…

A: We have to find

Q: If Ms. Smith receives an income of $26,247 per year, how much does she receive each month?

A: If Ms. Smith receives an income of $26,247 per year, how much does she receive each month

Q: ritium, a radioactive isotope of hydrogen, has a hald-life of 12.4 years. of an initial sample of 41…

A: Given: The half life of tritium is 12.4 years. The initial mass of the sample is 41 grams.

Q: A manufacturer of vertical blinds purchases raw materials for $17.00 per set of blinds and has a…

A: To find the overhead expenses per set

Q: If tacomas population in 2000 is 200,000 and it grows by 8% a year, what is the population in 2012?

A: Given: Population in 2000 is 200,000. It grows by 8% a year. Required: To find the population in…

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.