The three-day weighted moving average for the price of the stock at the end of Day 7 is 57.17.
<h3>How do we calculate a weighted moving average?</h3>
Note that since this is for the end of Day 7, it implies that the actual Day 7 Stock Price is not yet known at the time of the calculation and we need to forecast it.
Therefore, the most recent price is Day 6 Sock Price and a three-day weighted moving average for this question can be calculated as follows:
Three-day weighted moving average = ((Day 6 Sock Price * 3) + (Day 5 Sock Price * 2) + (Day 4 Sock Price * 1)) / (3 + 2 + 1)
Three-day weighted moving average = ((55.00 * 3) + (59.00 * 2) + (60.00 * 1)) / (3 + 2 + 1)
Three-day weighted moving average = 57.17
Learn more about the weighted moving average here: brainly.com/question/19260285.
#SPJ1
