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Essentials of Statistics Plus MyLab Statistics with Pearson eText -- Access Card Package (6th Edition) (What's New in Statistics)
- Depreciation Once a new car is driven away from the dealer, it begins to lose value. Each year, a car loses 10% of its value. This means that each year the value of a car is 90% of the previous year’s value. If a new car was purchased for $20,000, the value at the end of the first year would be $20000(0.90) and the value of the car after the end of the second year would be $20000(0.90)2. Complete the table shown below. What will be the value of the car at the end of the eighth year? Simplify the expression, to show the value in dollars.arrow_forwardBotany A group of Tasmanian botanists have claimed that a Kings holly shrub, the only one of its species in the world, is also the oldest living plant. Using carbon-14 dating of charcoal found along with fossilized leaf fragments, they arrived at an age of 43,000 years for the plant, whose exact location in south-west Tasmania is being kept a secret. What percent of the original carbon-14 in the charcoal was present? Source: Science.arrow_forwardIn Example 11, during which year did the sales reach $180 billion?arrow_forward
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