Answer:
see below
Step-by-step explanation:
1. In 1998, 250 new businesses opened
2. How many businesses of the remaining businesses were open at the end of 2000
By the end of 1998, 9.5% of the businesses failed, it means the number of businesses that failed was 9.5% of 250
=9.5/100 x 250
=23.75
=24 business failed in 1998.
By the end of 2000,( 19% of {250-24}) had also failed.
number of businesses that had failed in 1999 and 2000 were 19% of 226
=19/100 x 226
=42.94
=43 more failed.
The remaining businesses at the end of 2000
=226-43
=183
3. Businesses that were no longer operating after 2000 were
businesses that failed in 1998= 24
business that failed by 2000 = 43
=24 + 43
=67 businesses are no longer operating
4. With the current trend of business failures predict the number of failing businesses for the year 2002
19% of the remaining in 2000 will have failed by the end of 2002.
the remaining business after 2000 were 183
19% of 183 will fail between 2000 and 2002
=19/100 x 183
=0.19 x 183
=34.77
=35 more businesses will fail by end of 2002