Suppose you have 3 years to live and you value each year of life at $7 million but have a discount rate of 5%. How much do you value the rest of your life in today's dollars?

$19,950,000

Step-by-step explanation:

From the question, Value of a year of Life =$7,000,000

And Number of Years Left = 3 years

Then Total Value of Life left = Value Per Year X Number of Years Left

=$7,000,000 X 3

=$21,000,000

Note that a discount is the reduction in the actual value of a quantity by a certain amount or percentage.

If there is a discount of 5%.

5% of Total Life Value = (5/100) X 21000000

=0.05 X 21000000

= 1,050,000

Therefore :Value of Life = Actual Value - Discount Value

= 21000000-1050000

= $19,950,000

solution:

as, mean is defined as sum of all the observations divided by total number of observations.

and , median is mid value of the data whether arranged in ascending order or descending order.

consider, roadsters:

2,3,4,5,6,7,8,9

mean =

also, median= , because number of observations is even, so median is mean of two mid values.

now, coming to bandits

2,3,4,5,6

mean =  

median = 4, as number of observations is odd.

so, roadsters has greater median as well mean than bandits.

→option a is true about the repairs performed on 2 types of cars:

bandits have lower median and mean than roadsters.

can you add an image ?

step-by-step explanation: