Suppose you are producing an outdoor festival. You estimate that you will make $500,000.00 if it does not rain and make $50,000.00 if it does rain. The weather bureau predicts that the chance of rain is 37% for the day of the concert. What are your expected earnings for the festival?

Q: You bought $1,000 worth of stock. For the last 7 years you have been losing 3% a year. How much will…

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Q: By what percentage did the profit made by the Derby branch increase from Year 1 to Year 3? year 1-…

A: Given: Year 1- 5.49  Year 3- 5.94

Q: You buy a new car for the price of $28,750 and, on average, that car’s value will depreciate by…

A: Buy car price of $28,750  depreciate by 18.25% each year. determine the time when your car’s value…

Q: You accept a new job with a starting salary of 48,000. Because of your stellar preformance at work,…

A: The starting salary of the new job is 48,000.Percentage of salary raise at the start of second year…

Q: Suppose that you have $15,000 in a rather risky investment recommended by your financial advisor.…

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Q: Use the data in this story to estimate the annual earnings of the average American. Do you think the…

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Q: The value of a parcel of land, now worth $90,000, is expected to increase at an annual rate of 7.75%…

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Q: The S & P Stock index showed a rise in stock value of 28.9% on average in 2019. Since the…

A: we invested $500 in the initial of 2019, It is given that Average return of year 2019 is 28.9%, it…

Q: P = $700.00, r = 3%, t = 3 months A.1005.25 B.705.25 C.710.25 D.763.00

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Q: Sales last year for a department were $124,560. This year planned sales are forecast to increase by…

A: The sales of last year is $ 124,560.   The increment of 4.2 % in $ 124,560 is:

Q: A new employee is paid $22.50 an hour. A performance evaluation is completed at the end of the year,…

A: We have to find rate per hour after increment.

Q: Suppose you decide to give up your weekly trip to Amy’s ice cream and instead deposit the $12 you…

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Q: Estimation is useful for tipping when you’re dining out, too. If the service is good, 20% of the…

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Q: Which job pays more after 7 years:  one that pays $46000 initially with a 9.6 % raise every year or…

A: Given:One that pays $46000 initially with a 9.6 % raise every year or one that pays $36000 with a…

Q: Suppose you have a choice between receiving $5,000 today or $10,000 in five years. You believe you…

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Q: 2. Simone bought her house for $150,000 in 2000 and sold it for $725,000 in 2020. What are the total…

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Q: Predict the monthly profit for a month when advertising is $2,100.   Round to the nearest cent

A: The least squares regression line is, y = 2.437 + 1.24x. where y = profit (in $1000s)           x =…