Mayor-elect franklin is indifferent about whether to keep a $100,000 property tax revenue surplus or use it to create a tax abatement district on 2nd street (past route 37) in order to attract new business to the city. if the new businesses that locate there are successful, $700,000 in additional tax revenues will be collected by the city. if those new businesses fail, the city coffers will lose the entire $100,000 surplus and no new taxes will be collected. prior to making his decision, franklin determines that tax abatement districts are successful 15% of the time. a. what is mayor-elect franklin’s utility of $100,000?

Dr. sperry, a biologist, is using excel to track growth rates of different populations of bacteria. she has a very complex formula in one cell. it begins with “round”. dr. sperry would like to see exactly how excel’s calculation reached the final rounded value that she sees in the cell. what could dr. sperry do to best understand how the calculation was made? try different formulas on her own until she reaches the value shown in excel click on the evaluate formula button in the formulas tab and then click “step in” select the cell and then look at the formula in the formula field of the ribbon remove “round” from the formula in order to see the actual value before rounding