Depreciation A business property can be depreciated for tax purposes by using the formulay + 15,000x = 300,000, where y is the value of theproperty x years after it was purchased.a. For what x-values is the property value below$150,000?b. After how many years is the property value below$150,000?
Inverse Normal Distribution
The method used for finding the corresponding z-critical value in a normal distribution using the known probability is said to be an inverse normal distribution. The inverse normal distribution is a continuous probability distribution with a family of two parameters.
Mean, Median, Mode
It is a descriptive summary of a data set. It can be defined by using some of the measures. The central tendencies do not provide information regarding individual data from the dataset. However, they give a summary of the data set. The central tendency or measure of central tendency is a central or typical value for a probability distribution.
Z-Scores
A z-score is a unit of measurement used in statistics to describe the position of a raw score in terms of its distance from the mean, measured with reference to standard deviation from the mean. Z-scores are useful in statistics because they allow comparison between two scores that belong to different normal distributions.
Depreciation A business property can be depreciated for tax purposes by using the formula
y + 15,000x = 300,000, where y is the value of the
property x years after it was purchased.
a. For what x-values is the property value below
$150,000?
b. After how many years is the property value below
$150,000?
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