Use Fermats Little theorem to find 23^1002 mod 41​

Answers

Answer 1

Answer:

231002 = (2340)25 · 232 ≡ 125 · 529 = 529 ≡ 37 mod 41.


Related Questions

Daniela has a three-season acting contract for a new TV show. Her pay for Season 1 iscp dollars. Then, her pay will increase by 5 percent from Season 1 to Season 2 and by 10 percent from Season 2 to Season 3. Which of the following represents Daniela's Season 3 pay in terms of p?

Answers

1.15p is the expression which  represents Daniela's Season 3 pay in terms of p

To find Daniela's Season 3 pay in terms of p, we need to calculate the pay increase for each season.

In Season 2, her pay increases by 5 percent, which means she will receive 105 percent (or 1.05) of her Season 1 pay.

In Season 3, her pay increases by 10 percent from Season 2, so she will receive 110 percent (or 1.10) of her Season 2 pay.

To express Daniela's Season 3 pay in terms of p, we multiply the Season 1 pay (p) by the pay increase factors for Season 2 and Season 3:

Season 2 pay = 1.05p

Season 3 pay = 1.10(1.05p) = (1.10)(1.05)p

Simplifying the expression, we get:

Season 3 pay = 1.155p

Therefore, 1.15p is the expression which  represents Daniela's Season 3 pay in terms of p

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NO LINKS!! URGENT HELP PLEASE!!!

10. Mr. and Mrs. Rainer took out a $240,000 to purchase their home. If the interest rate on the loan is 1.2% compounded bimonthly, how much interest will they have paid after 30 years?

Answers

Answer:

$103,875.41

Step-by-step explanation:

To solve this problem, we can use the formula for compound interest:

[tex]\boxed{\begin{minipage}{8.5 cm}\underline{Compound Interest Formula}\\\\$ A=P\left(1+\frac{r}{n}\right)^{nt}$\\\\where:\\\\ \phantom{ww}$\bullet$ $A =$ final amount \\ \phantom{ww}$\bullet$ $P =$ principal amount \\ \phantom{ww}$\bullet$ $r =$ interest rate (in decimal form) \\ \phantom{ww}$\bullet$ $n =$ number of times interest is applied per year \\ \phantom{ww}$\bullet$ $t =$ time (in years) \\ \end{minipage}}[/tex]

Given values:

P = $240,000r = 1.2% = 0.012n = 6 (bi-monthly)t = 30 years

Note: Bi-monthly means every 2 months.

Substitute the given values into the formula and solve for A:

[tex]A=240000\left(1+\dfrac{0.012}{6}\right)^{6 \cdot 30}[/tex]

[tex]A=240000\left(1.002\right)^{180}[/tex]

[tex]A=343875.406934...[/tex]

[tex]A=343875.41[/tex]

So after 30 years, Mr. and Mrs. Rainer will have paid a total of $343,875.41, which includes both the principal and the interest.

To find the amount of interest they paid, subtract the principal:

Interest paid = $343,875.41 - $240,000 = $103,875.41

Therefore, they will have paid $103,875.41 in interest over the 30-year period.

The equation 7t = 24.5 models a constant rate situation. What's the value of t?

Answers

Answer:

t=3.5

Step-by-step explanation:

Divide each term in 7t=24.5 by 7 and simplify.

Share #5000 in the ratio of #2000 to #3000 among John and chinedu what percentage of the money does each boy Receive.

Answers

Answer:look at the photo...................................

Why is math important to you. (3 sentences)

Answers

Some of the reasons why math is important include:

Problem-solvingNeed in daily life Career opportunities

How is math important ?

Mathematics teaches us the invaluable skills of critical thinking via logical and systematical reasoning for solving complicated problems. It is, however, essential to know that mathematics is omnipresent in our day-to-day lives but we may not be conscious about it.

Our math-related actions include computing tips, shopping, allocating time for daily tasks as well as cooking meals. With a strong foundation in Mathematics, several career paths such as engineering, finance, accounting or data analysis can materialize for perspective job-visors; hence enabling them towards professional success.

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9 ft
17 ft
11 ft
9 ft
15 ft
8 ft
5 ft
What is the surface area of the figure?

Answers

The surface area of a three dimensional shape is the total area of all of the faces. To find the surface area of a shape, we find the area of each face and add them together. E.g. The measurements here are in centimetres so the surface area is measured in square centimetres ( c m 2 ) (cm^2) (cm2)

triangle-

Base Surface Area = 112

= 121 feet2

Lateral Surface Area =

2×11× √

( 11 )2 + 72

2

= 195.84943196241 feet2

Total Surface Area = 316.84943196241 feet2

bottom bit-

Surface Area = 2×(15×5 + 15×8 + 5×8) = 470 feet2

You have narrowed your job offers down to the
following two cities:
$21,000 - Minneapolis, MN - $2,400 in Benefits - Cost
of Living Index = 106.1
$27,500-Omaha, NE - $1,200 in Benefits - Cost of
Living Index = 89.2
1) Please convert both job offers into a salary in an
average USA city. (Round your answers to the nearest
cent/two decimal places)!
2) Which job offer is better and why?

Answers

part 1. The job offers into a salary are:

The Adjusted Salary for Minneapolis, MN is  $220.38

The Adjusted Salary for Omaha, NE is  $322.15

part 2.

We could conclude that the job offer in Omaha, NE is better because of its the adjusted salary as it offers  a higher salary in an average USA city.

How do we calculate?

For Minneapolis, MN:

Adjusted Salary = (Offered Salary + Benefits) / Cost of Living Index

Adjusted Salary = ($21,000 + $2,400) / 106.1

Adjusted Salary = $23,400 / 106.1

Adjusted Salary =  $220.38

For Omaha, NE:

Adjusted Salary = (Offered Salary + Benefits) / Cost of Living Index

Adjusted Salary = ($27,500 + $1,200) / 89.2

Adjusted Salary = $28,700 / 89.2

Adjusted Salary = $322.15

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Nina wanted to test if her 6-sided die was fair. In other words, she wanted
to test if some sides get rolled more often than others. She rolled the die
60 times and recorded how often each side was rolled. Here are her
results:
Side
1 2 3
4 5 6
Observed counts 10 7 9 11 9 14
Nina wants to perform a x² goodness-of-fit test to determine if these
results give convincing evidence that her die is unfair.
What is the expected count of rolls to land showing a 3?
You may round your answer to the nearest hundredth.
Expected:
Show Calculator

Answers

Answer:

The expected count of rolls to land showing a 3 is 10.00.

To calculate the expected count of rolls to land showing a 3, we need to first calculate the expected probability of rolling a 3, assuming the die is fair. Since there are six sides to the die, each side has an equal probability of 1/6 of being rolled.

Therefore, the expected probability of rolling a 3 is 1/6.

To calculate the expected count, we multiply the expected probability by the total number of rolls:

Expected count = (1/6) * 60
Expected count = 10

Therefore, the expected count of rolls to land showing a 3 is 10.

A cylinder has a height of 10 cm and a radius of 4 cm. If the mass of the cylinder is 500 grams, what is the density of the material it is made of?

i think the answer is 0.9 or 1?

Answers

Answer:

The volume of the cylinder can be calculated using the formula V = πr²h, where r is the radius and h is the height:

V= πr²h = π(4cm)²(10cm) = 160π cm³

The density of the material is given by the mass per unit volume:

density = mass/volume = 500g / 160π= π(4 cm)²(10 cm)

= 160π cm³

The mass and volume are related by density (ρ), which is defined as mass per unit volume:

ρ = m/V

where m is the mass and V is the volume.

Substituting the given values, we get:

ρ = 500 g / 160π cm³

ρ ≈ 0.988 g/cm³

Therefore, the density of the material the cylinder is made of is 0.988 g/cm³.

Please help asap!!! I will give points !!!

Answers

The value of p when q is equal to 2 is 108

What is inverse variation?

Inverse variation is the relationships between variables that are represented in the form of y = k/x, where x and y are two variables and k is the constant value.

This means as x increases y reduces and vice versa.

If p is inversely proportional to q, then

p = k/q

p = 18 and q = 12

18 = k/12

k = 18 × 12 = 216

When q =2

p = 216/2

p = 108

therefore the value of p is 108

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Find all the zeros of the polynomial p(x)=x^3+x^2+8x-60

---------------------
Enter the zeros separated by commas. Enter exact values, not decimal approximations, using square roots as needed.

Answers

The roots (zeros) are the x values where the graph intersects the x-axis. To find the roots (zeros), replace y with 0 and solve for x.

x = 3, −2+4i, −2−4i

To find the zeros of the polynomial p(x), we need to find the values of x such that p(x) = 0.

One way to do this is to use the rational root theorem, which states that if a polynomial with integer coefficients has a rational root p/q (where p and q are integers with no common factors), then p must divide the constant term and q must divide the leading coefficient.

For the polynomial, [tex]p(x) = x^3 + x^2 + 8x - 60,[/tex] the constant term is -60 and the leading coefficient is 1.

Therefore, the possible rational roots are:

±1, ±2, ±3, ±4, ±5, ±6, ±10, ±12, ±15, ±20, ±30, ±60

We can then use synthetic division or long division to check which of these roots are actually zeros of the polynomial.

Trying the possible roots, we find that x = 3 is a zero of the polynomial, since p(3) = 0.

Using long division or synthetic division, we can then divide p(x) by (x - 3) to get a quadratic factor:

[tex]x^3 + x^2 + 8x - 60 = (x - 3)(x^2 + 4x + 20)[/tex]

The quadratic factor [tex]x^2 + 4x + 20[/tex] has no real roots since its discriminant [tex](b^2 - 4ac)[/tex] is negative. Therefore, the zeros of the polynomial p(x) are:

x = 3 (with multiplicity 1)

x = -2 ± 4i (with multiplicity 1 each)

Therefore, the zeros of the polynomial p(x) are 3, -2 + 4i, and -2 - 4i.

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Which of the following statements are true regarding the reflection of A(1 1/2,−2) ? Select all that apply.

PLEASEE HELPP MEE!!!!

Answers

Answer: Hey i'd love to help you can you please provide the choices that are given?

Step-by-step explanation:

john opened a retirement account that has an annual yield of 5%. He is planning on retiring in 25 years. How much cost must he deposit into that account each year so that he can have a total of $500,000 by the time he retires?

Answers

The annual deposit for John for total amount of annuity is A = $ 29,060.29

Given data ,

To determine the annual deposit amount needed for John to have a total of $500,000 by the time he retires, we can use the formula for the future value of an ordinary annuity:

FV = P * [(1 + r)^n - 1] / r

Where FV is the future value, P is the annual deposit, r is the annual yield (interest rate), and n is the number of years.

In this case, we are given:

FV = $500,000

r = 5% = 0.05

n = 25 years

Substituting these values into the formula, we have:

$500,000 = P * [(1 + 0.05)^25 - 1] / 0.05

And , the value of P is

P = ($500,000 x 0.05) / [(1.05^25) - 1]

P ≈ ($25,000) / (1.858734... - 1)

P ≈ ($25,000) / 0.858734...

P ≈ $29,060.29

Hence , John must deposit approximately $29,060.29 into the retirement account each year to accumulate a total of $500,000 by the time he retires in 25 years

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Help me with this question please!!!

Answers

Mia's total profit for the month is given as follows:

$200.

How to obtain the profit function?

The profit function is obtained as the subtraction of the revenue function by the cost function, as follows:

P(x) = R(x) - C(x).

From the table given in this problem, the revenue and the costs are given as follows:

Revenue of $9,500.Cost of 9000 + 300 = $9,300.

Hence the profit is given as follows:

9500 - 9300 = $200.

As the profit is positive, it is in fact a profit(gain) and not a loss.

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Kofi thinks of a integer number and then add 5 to it.He then multiplies the result by 3.The answer he obtains cannot be greater than 21.Find all the positive values of the number he thinks of.

Answers

The positive values of the number Kofi thinks of are 1 and 2.

Let's call the number Kofi thinks of "x".

According to the problem Kofi adds 5 to this number and then multiplies the result by 3.

We can write this as:

3(x + 5)

We know that this expression cannot be greater than 21 so we can set up an inequality:

3(x + 5) ≤ 21

Simplifying the inequality, we get:

x + 5 ≤ 7

Subtracting 5 from both sides, we get:

x ≤ 2

The possible values of the number Kofi thinks of are all the positive integers less than or equal to 2 are 1 and 2.

To check that these values work can plug them back into the expression 3(x + 5) and verify that they give a result less than or equal to 21:

If Kofi thinks of 1, then 3(1 + 5) = 18 is less than 21.

If Kofi thinks of 2 then 3(2 + 5) = 21 is equal to 21 but it satisfies the condition since the problem asks for an answer that "cannot be greater than 21".

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is .023 a rational number

Answers

Answer:

Yes, .023 is a rational number.

Step-by-step explanation:

A rational number is defined as any number that can be expressed as a ratio of two integers, where the denominator is not zero.

To show that .023 is a rational number, we can express it as a fraction in which the numerator and denominator are integers.

We can write:

.023 = 23/1000

Both the numerator (23) and denominator (1000) are integers, so .023 is a rational number.

Your gross income is $4,520.00/month. Your deductions are FICA (7.65%), federal tax withholding (11.75%), and state tax withholding (8.5%). Your fixed expenses are 30% of your realized income. You saved 5 months' worth in an emergency fund, placing 75% in a 60-day CD at a 5.25% APR and the rest in regular savings account at a 3.8% APR. What is the total amount of your emergency fund?

a)$6,516.91

b)$4,888.40

c)$4,520.00

d)$6,107.33

Answers

The total amount of the emergency fund is A) $6,516.91

First, we need to calculate the net income after deductions:

FICA: 7.65% of $4,520.00 = $345.18Federal tax withholding: 11.75% of ($4,520.00 - $345.18) = $451.96State tax withholding: 8.5% of ($four,520.00 - $345.18 - $451.96) = $297.98Net profits = $4,520.00 - $345.18 - $451.96 - $297.98 = $3,425.88

Next, we need to calculate the amount of constant expenses:

Fixed prices = 30% of $3,425.88 = $1,027.76

The entire amount saved inside the emergency fund is 5 months' worth of fixed costs:

Emergency fund = $1,027.76 x 5 = $5,138.80

To calculate the quantity inside the 60-day CD

We need to multiply 75% of the emergency fund by means of the interest rate and divide with the aid of 12 to get the monthly interest:

Amount in CD = ($5,138.80 x 0.75 x 0.0525) / 12 = $160.57The amount within the everyday savings account is the remaining 25% of the emergency fund:Amount in normal savings account = $5,138.80 x 0.25 = $1,284.70

Therefore, the total amount of the emergency fund is:

$5,138.80 + $160.57 + $1,284.70 = $$6,516.91

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how do i find x from the equation x(x+6)=108

Answers

Answer:

x = -3 + √117

x = -3 - √117

Step-by-step explanation:

So the equation is x(x+6)=108

first you gotta simplify

x*x + x*6 = 108

x^2 + 6x = 108

x^2 + 6x - 108 = 0

using the quadratic formula:

x = (-b ± √(b^2 - 4ac)) / (2a) with a=1, b=6 and c=-108

South Pole Edition

Your Outdoor Adventures class is providing guidance to a group that is on an expedition to the South Pole. There are 5 people on the expedition.

Due to the extreme climate and conditions, each person in the group needs to consume 6000 calories per day. The table shows the three foods that will make up their total daily calories, along with the number of calories per unit and the daily needs by percentage.

(chart is in the photo i provided)

The map shows the current location of the group, as well as the location of the South Pole and the base camp. Each unit on the grid represents 5 miles. In the question that follow, you will determine whether the group has enough food to reach the South Pole and return to base camp.

Question:
The group thought there was enough food for all 5 group members to complete the trip, with each person getting the required 6000 calories per day. They discover that 2 of the crates they brought are missing.

Each crate contains
•80 biscuits
•50 packages of pemmican
•10 packages of butter and cocoa

Use the map, create a plan for the rest of the trip that includes taking as many group members as possible to the South Pole, while sending the rest of the group members directly back to base camp. Remember that each person must have 6000 calories of food per day until he or she gets back to base camp.

Answers

The group does not have enough food to complete the trip with all five members. By sacrificing one member's trip to the South Pole and carefully rationing the food, the group can ensure that each person has enough food to complete the trip safely.

How did we arrive at this assertion?

According to the given chart, calculate that each crate contains a total of 48000 calories. Therefore, two missing crates result in a total loss of 96000 calories (48000 x 2).

Determining whether the group has enough food to reach the South Pole and return to base camp, calculate the total number of calories required for the entire trip. Supposing a round trip of 10 days to the South Pole and back, the total number of calories required would be:

Total Calories = (6000 calories/person x 5 people x 10 days) x 2 (round trip)

Total Calories = 600,000 calories

To cover for the lost calories, the group would need to sacrifice one member's trip to the South Pole and send them directly back to base camp. This would leave four members to continue to the South Pole, where they would have to ration their food carefully to make sure they have enough for the entire trip.

Below is a plan to ensure enough food:

Day 1-2:

All five members travel together to position (2,1) and set up camp.Each member would consume 6000 calories per day.Total calories consumed: 5 people x 6000 calories x 2 days = 60,000 calories

Day 3-5:

Four members (let's call them A, B, C, and D) continue to the South Pole while one member (let's call them E) returns to base camp.E would need 6000 calories per day to return to base camp.Total calories consumed by E: 1 person x 6000 calories x 3 days = 18,000 caloriesA, B, C, and D would have to consume 15000 calories per day (60000 calories ÷ 4 people ÷ 2 days) to make up for the lost calories.Total calories consumed by A, B, C, and D: 4 people x 15000 calories x 3 days = 180,000 calories

Day 6-7:

A, B, C, and D reach the South Pole and set up camp.They would need 6000 calories per day for 2 days.Total calories consumed: 4 people x 6000 calories x 2 days = 48,000 calories

Day 8-10:

A, B, C, and D return to position (2,1) and pick up E on the way.They would need 6000 calories per day for 3 days.Total calories consumed: 5 people x 6000 calories x 3 days = 90,000 calories

Add up all the total calories consumed:

60,000 + 18,000 + 180,000 + 48,000 + 90,000 = 396,000 calories

This is less than the total calories required, which was 600,000 calories. Therefore, the group does not have enough food to complete the trip with all five members. By sacrificing one member's trip to the South Pole and carefully rationing the food, the group can ensure that each person has enough food to complete the trip safely.

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Write 382,368 in word form

Answers

Three hundred eighty-two thousand three hundred sixty-eight.

Which expression is equivalent to (z + 6)(z – 6)?

Answers

Answer:

[tex]z^{2} +z-36[/tex]

Step-by-step explanation:

Multiply

FIND THE VALUE PLESAE ANSWER QUIK

Answers

Answer: The value of X is 12.

Step-by-step explanation:

K and M are parallel lines so,

6x-13 = 4x+11

Subtract 4x from both sides,

2x-13 = 11

Add the 13 to both sides,

2x = 24

Divide by 2,

x = 12

:).


Answer:

x = 12

Step-by-step explanation:

in practice they are opposite angles, they have the same value, we solve with an equation

6x - 13 = 4x + 11

2x = 11 + 13

2x = 24

x = 24 : 2

x = 12

I will give brainliest and ratings if you get this correct ​

Answers

The output levels that will maximize profits are Q1 = 52.5 and Q2 = 52.5.

How to determine the output level that maximize profits

To maximize profits, we need to find the output levels of the two goods that will maximize the difference between total revenue and total cost (i.e., profit).

The profit function can be expressed as:

π = TR - TC

  = 15Q1 + 18Q1^2 + 15Q2 + 18Q2^2 - 20 - 2Q1.Q2 - 393

Taking the partial derivative of the profit function with respect to Q1 and setting it equal to zero, we get:

∂π/∂Q1 = 15 + 36Q1 - 2Q2 = 0

Taking the partial derivative of the profit function with respect to Q2 and setting it equal to zero, we get:

∂π/∂Q2 = 15 + 36Q2 - 2Q1 = 0

Using Cramer's rule, we can solve for Q1 and Q2:

Q1 = (2(15) - (15)(36))/(-4) = 52.5

Q2 = (2(15) - (15)(36))/(-4) = 52.5

Therefore, the output levels that will maximize profits are Q1 = 52.5 and Q2 = 52.5.

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Can yall help me with this pls

Answers

In the given figure, after applying the vertical angle and straight line angle property, the values of x and z are 5° and 116° respectively.

Four angles are created when two lines intersect. Vertical angles are those that are opposite each other and are always congruent.

That means, z° = (12x + 56)° ---------- (1)

On a straight line, the angles add up to 180°.

That means, z° + (8x + 24)° = 180° ---------- (2)

Substituting value of z from (1) in (2),

(12x + 56) + (8x + 24) = 180

20x + 80 + 180

20x = 100

x = 5°

Substituting x = 5 in (2),

z + (8*2 + 24) = 180

z + 64 = 180

z = 116°

Therefore, x = 5° and z = 116°.

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Find the line's slope and a point on the line.
y-3=3(x+4)

Answers

Answer:

y=3x−9

Step-by-step explanation:

Please answer these papers entirely, it’s due tomorrow

Answers

The area of Curtis's triangular frame is 36 square feet. The Option C is correct.

What is the area of the triangular frame?

To get area of the frame, we will use formula for the area of a triangle which is [tex]A = 1/2 * b * h[/tex]

B = length of the base

H = perpendicular distance from the base to the vertex.

Substituting the values, we get:

A = 1/2 * 12 feet * 6 feet

A = 1/2 * 72 feets

A = 36 square feet

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The sine of an angle 0 in the third quadrant is -0.5. What is the value of cos(0)?

Answers

The measure of angle θ is 210°. Therefore, the value of the cos θ will be -√3 / 2.

Given that:

sin θ = -0.5

The angle θ lies in the third quadrant.

Trigonometric functions examine the interaction between the dimensions and angles of a triangular form.

The angle θ is calculated as,

sin θ = -0.5

θ = 210°

The value of the cosine of anlge θ is calculated as,

cos θ = cos 210°

cos θ = -√3 / 2

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100 POINTS
Ann obtained the list of apartments below.

a. Use linear regression analysis to determine if there is a correlation between the square footage and the monthly rent.
b. Determine the regression equation. Round the numbers in the equation to the nearest hundredth.
c. Use your regression equation to determine the price you might expect to pay for an 810-square foot apartment.

Answers

Answer:

a)  Very strong positive correlation (r = 0.99).

b)  y = 299.46 + 1.74x

c)  $1,709 per month

Step-by-step explanation:

Linear regression is a statistical technique used to model the relationship between a dependent variable and an independent variable by fitting a linear equation to the observed data points. It aims to find the line of best fit that minimizes the overall distance between the observed data and the predicted values based on the linear equation.

Part (a)

We can use a statistical calculator to perform linear regression analysis on the given data.

The explanatory (independent) variable is the square footage (x-values).

The response (dependent) variable is monthly rent (y-values).

After entering the data into a statistical calculator we get:

a = 299.464156...b = 1.73689309...r = 0.986575728...

The r-value, also known as the correlation coefficient, is a statistical measure that quantifies the strength and direction of the linear relationship between two variables. It ranges between -1 and 1, where -1 indicates a perfect negative correlation, 0 indicates no correlation, and 1 indicates a perfect positive correlation.

In this case, an r-value of 0.99 suggests that there is a very strong positive linear relationship between between square footage and monthly rent. As the square footage increases, the monthly rent tends to increase as well.

This high correlation indicates that square footage is a strong predictor of monthly rent. However, it is important to note that the correlation coefficient alone does not imply causation or provide information about the underlying factors influencing the relationship.

[tex]\hrulefill[/tex]

Part (b)

To determine the regression equation, substitute the found values of a and b into the regression line formula, y = a + bx.

Round the values of a and b to the nearest hundredth:

a = 299.46b = 1.74

Therefore, the regression equation is:

[tex]\boxed{y = 299.46 + 1.74x}[/tex]

where:

x is the square footage.y is the monthly rent (in dollars).

[tex]\hrulefill[/tex]

Part (c)

To determine the monthly rent that we might expect to pay for an 810 square foot apartment, substitute x = 810 into the regression equation found in part (b), and solve for y:

[tex]\begin{aligned}y &= 299.46 + 1.74(810)\\&=299.46+1409.4\\&=1708.86\\&=1709\end{aligned}[/tex]

Therefore, we would expect to pay approximately $1,709 per month for an 810 square foot apartment.

Please help with this one I need it

Answers

Answer:

∠ BCA = 25°

Step-by-step explanation:

the inscribed angle BCA is half the measure of the central angle BOA , so

∠ BCA = [tex]\frac{1}{2}[/tex] × 50° = 25°

project that requires an initial investment of $2,225,000. The project’s expected cash flows are:
Year
Cash Flow
Year 1 $300,000
Year 2 –100,000
Year 3 475,000
Year 4 450,000

WACC is 8%, and the project has the same risk as the firm’s average project. Calculate this project’s modified internal rate of return (MIRR): Options:
27.46%
33.23%
-12.72%
24.57%

If Green Caterpillar Garden Supplies Inc.’s managers select projects based on the MIRR criterion, they should _____ accept or reject?

Which of the following statements about the relationship between the IRR and the MIRR is correct? options:

A typical firm’s IRR will be greater than its MIRR.
A typical firm’s IRR will be equal to its MIRR.
A typical firm’s IRR will be less than its MIRR.

Answers

The correct statement about the relationship between the IRR and the MIRR is that a typical firm’s IRR will be less than its MIRR.

To calculate the MIRR, we need to find the future value of the positive cash flows at the end of year 4, using the reinvestment rate equal to the WACC. We can then find the discount rate that equates the present value of the initial investment with the future value of the negative cash flows and the positive future value of the positive cash flows.

Using the financial calculator or spreadsheet software, we can find that the future value of the positive cash flows is $698,711.27, and the MIRR is 27.46%.

Therefore, the MIRR is 27.46%, and based on the MIRR criterion, the project should be accepted if the required rate of return is less than 27.46%.

The correct statement about the relationship between the IRR and the MIRR is that a typical firm’s IRR will be less than its MIRR. This is because the IRR assumes that positive cash flows are reinvested at the IRR, which may not be realistic, while the MIRR assumes that positive cash flows are reinvested at the WACC, which is usually more realistic.

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