Question

The equation y = 65.18x+21.43 fits the scatterplot of the values for stock ABC over the past month with an r-value of 0.9874. How much do you think ABC will be worth at x= 32 days?

Answer 1

Given:

There is an equation given as

$y=65.18x+21.43$

fits the scatterplot of the values for stock ABC over the past month with an r-value of 0.9874.

Required:

We need to find that what will be worth at x= 32 days?

Explanation:

The equation fits the scatter plot of the values for stock ABC over past month with r-value of 0.9874 is

$y=65.18x+21.43$

to find ABC will be worth at x=32 just substitute x=32 in the given equation

$y=65.18(32)+21.43=2058.76+21.43=2107.19$

Final answer:

Therefore, $2107.19 ABC will be worth at x=32 days