It is estimated that the annual cost of driving a certain new car is given by the formula C = 0.37m + 2500 where m represents the number of miles driven per year and C is the cost in dollars. Jane has purchased such a car and decides to budget between $6940 and $8050 for next year's driving costs. What is the corresponding range of miles that she can drive her new car? Jane can drive a minimum of miles and a maximum of miles.
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.
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Given Data:
The annual cost of driving a new car is:
The minimum value of the budget is:
The maximum value of the budget is: .
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