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COMM 291 Application of Statistics in Business (fall 2015)

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Use the following information to work Problems 14 and 15

¦ He stopped renting out his cottage for $3,500 a year and used it as his factory. The market value of the cottage increased from $70,000 to $71,000.¦ He leased machines for $10,000 a year.¦ He used $10,000 from his savings account, which earns 5 percent a year...