Answered: Suppose in a single month a certain…

Suppose in a single month a certain baseball team won 14 games and lost 2. What percent of the games did they win? (Hint: Use total games played as the base.) %

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter7: Linear Regression

Section: Chapter Questions

Problem 6P: A marketing professor at Givens College is interested in the relationship between hours spent...

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Concept explainers

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.

Question

Solve the word problemn for the portion, rate, or base.
Suppose in a single month a certain baseball team won 14 games and lost 2. What percent of the games did they win? (Hint: Use total
games played as the base.)

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Step 1

Total Games played = Games Won + Games Lost

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If a number decreases from 88 to 33 what is the rate of decrease

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