Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Question: The rate for renting a motor scooter for one day at a beach resort area is $25 plus 30 cents for each mile the scooter is driven. The total cost y in dollars for renting a scooter and driving it x miles is

y = 0.30x + 25

a. Explain whether the relationship between the cost y of renting the scooter for a day and the distance x that the scooter is driven that day is deterministic or contains an element of randomness.

b. A person intends to rent a scooter one day for a trip to an attraction 17 miles away. Assuming that the total distance the scooter is driven is 34 miles, predict the cost of the rental.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92642279

Have any Question?


Related Questions in Statistics and Probability

A study indicates that the weights of adults are normally

A study indicates that the weights of adults are normally distributed with a mean of 140 lbs and a standard deviation of 25 lbs. Find a value of weight  x  such that only 20% of adults weigh less than that. A. 136 B.190 ...

Williamnbspis interested in knowingnbspwhether or not

William is interested in knowing  whether or not athletics from his team have lower satisfaction with their team on a survey than the known population average survey score of 19  and the known population survey standard ...

Jen and barry get sued by ben amp jerrys for trademark

Jen and Barry get sued by "Ben & Jerry's" for trademark infringement. Jen and Barry lose, and they need a LOT of money. They decide to play Tennetucky's "Mega-6" lottery. They'll win the jackpot if they correctly choose ...

Two different batteries are being considered for an

Two different batteries are being considered for an industrial application. A random sample of 30 of Battery A produces a mean of 16.4 hours of useful voltage with a standard deviation of 3.2 hours. A sample of 30 of Bat ...

A nutritional scientist wishes to study the effect of

A nutritional scientist wishes to study the effect of storage time on the amount of vitamin C (milligrams) contained in 50 gram freeze dried fruit packs when stored for one, one and a half and 2 years. Five fruit packs w ...

Initial outlay is 16853year 1 5625year 2 5504year 3

Initial outlay is $16,853 Year 1 $5,625 Year 2 $5,504 Year 3 $5,892 Year 4 $8,851 What is the discounted payback period? The discount rate is 10%...Round answer to two decimal points

A sample of 100 people is classified by gender malefemale

A sample of 100 people is classified by gender (male/female) and by whether they are registered voters. The sample consists of 80 females and 20 males, and has a total of 60 registered voters. If these data are used for ...

Question 1let x represent the height of first graders in a

Question 1 Let x represent the height of first graders in a class. This would be considered what type of variable: A)Continuous B)Discrete C)Nonsensical D)Lagging Question 2 Let x represent the height of corn in Oklahoma ...

The average starting salary for graduates at a university

The average starting salary for graduates at a university is $33,000 with a standard deviation of $2,000. If a histogram of the data shows that it takes on a mound shape, the empirical rule says that approximately 68% of ...

A company recently had 26 million shares outstanding

A company recently had 26 million shares outstanding trading at $45/share. The company announces its intention to raise $290M by selling new shares. What price shoukd the company expect its existing shares shares to sell ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As