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    When a question asks you, for example:

    Will the car depreciate to less than 5% of its original value?

    Are you supposed to calculate to 5% or 4%? Because I assumed 4% but when I do to 5% the answer is always rounded and without decimals.
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    (Original post by KingCamembert)
    When a question asks you, for example:

    Will the car depreciate to less than 5% of its original value?

    Are you supposed to calculate to 5% or 4%? Because I assumed 4% but when I do to 5% the answer is always rounded and without decimals.
    Although I'm not sure about it in an accounting context, even if it hits 4.9999998% of its original value it's less than 5%.
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    (Original post by KingCamembert)
    When a question asks you, for example:

    Will the car depreciate to less than 5% of its original value?

    Are you supposed to calculate to 5% or 4%? Because I assumed 4% but when I do to 5% the answer is always rounded and without decimals.
    Is this for the binomial distribution?
 
 
 
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