Stephen is restoring a car and has already spent $4,000 on the restoration. he expects to be able to sell the car for $5800. stephen discovers that he needs to do an additional $2,400 of work to make the car worth $5,800 to potential buyers. he could also sell the car now, without completing the additional work, for $3,800. what should he do

Sell the car for $ 3 800

Explanation:

Thinking process:

The amount already spend = $ 4 000

a) To sell the car without additional work costs $ 5 800

The profit at that time will be $ 5 800 - $ 4 000 = $ 1 800

b) If he were to do additional work: $ 4000 + $ 2 400 = $ 6 400

That will be $ 6 400 - $ 5 800 = $ 600 (loss)

c) The loss will be better if he sells it for $  3 800 - $ 4 000 = $ 200

So it will be better to sell it at $ 3 800 with minimum loss.

answer; i believe that the correct answer is (personal information and career information; second answer; (b) flexibility,independence and salary potential

answer; coefficient of correlation;