Suppose a $40,000 car loses 13% of its value each year. Write an exponential equation and use it to find in how many years (to the nearest hundredth) the value will be half of the original.
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.
Suppose a $40,000 car loses 13% of its value each year. Write an exponential equation and use it to find in how many years (to the nearest hundredth) the value will be half of the original.
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