Jacob R.

Mathematical Economics Student

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Basic Math

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Question:

Which fraction is equal to 0.20%? A. 1/20 B. 1/40 C. 1/50 D. 1/400 E. 1/500

Jacob R.

Answer:

.20% is equivalent to .002 which is equivalent to 1/500, thus the answer is E.

Statistics

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Question:

RealCars.com now provides the distribution of prices that people have paid for each type of car. The population of prices for 2016 Silver, extended bed Gord G-150’s is approximately symmetric with a mean of $27,984 with a standard deviation of $3580. In Tutorville, True Car estimates the price you should pay for this truck at $27,015. What is the probability that you get the truck for this price or even less?

Jacob R.

Answer:

Based on the resulting p-value from our calculated test statistic, the probability that you get the truck for that price or less is 39.36%.

Algebra

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Question:

John travels 60 miles per hour going to a neighboring city and 50 miles per hour coming back. He drove a total of 5 hours away and back. What is the distance from John's house to the city he visited? (Round to the nearest mile)

Jacob R.

Answer:

136 miles

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