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zalisa [80]
3 years ago
10

the equation y=12.21x +37.42 fits the scatterplot of the values for stock ABC over the past month with an r-value of 0.9871. how

much do you think ABC will be worth at x=62 days?
Mathematics
1 answer:
Lynna [10]3 years ago
4 0
I'm pretty sure you already solved this by now, but I'll say the answer anyway. This problem has already been solved by another as a verified answer. 

This is the concept of financial algebra, we are required to calculate the value of stock ABC which follows the model given by: 
y=12.21x+37.42
given that x=62 days, 
the value of th estock after 62 days will be given by: 
y=12.21(62)+37.42
y=757.02+37.42
y=794.44

ABC will be worth $794.44

I take no credit for this answer. It was solved by CastleRook. 
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