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noname [10]
3 years ago
11

In the 3-month period November 1, 2014, through January 31, 2015, Hess Corp. (HES) stock decreased from $80 to $64 per share, an

d Exxon Mobil (XOM) stock decreased from $96 to $80 per share.† If you invested a total of $22,240 in these stocks at the beginning of November and sold them for $18,080 3 months later, how many shares of each stock did you buy?
Mathematics
1 answer:
Anit [1.1K]3 years ago
8 0

Answer: 170 HES and 90 XOM

Hi! Let's say you bought A HES shares, and B XOM shares. As you invested $22,240, yo have that:

22,240 = A*80 + B*96     (80 and 96 are the initial prices)

3 months later those prices decreased to 64 and 80, and you sold your shares at those prices, then:

18,080 = 64*A + 80*B

This is a system of two linear equations and two unkowns A, B. You can solve it getting A from first equation:

A = (22,240-B*96)/80

And then replacing A into the second equation you can find the value of B. Then replacing B in the third equation you get A.

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walnut grower estimates from past records that if 20 trees are planted per acre, then each tree will average 60 pounds of nuts p
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Answer:

5 trees should be planted to maximize the yield per acre,

The maximum yield would be 1250

Step-by-step explanation:

Given,

The original number of trees per acre = 20,

Average pounds of nuts by a tree = 60,

Let x be the times of increment in number of trees,

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Thus, the total yield per acre,

Y(x) = (20+x)(60-2x)

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Again differentiating with respect to t,

Y''(x) = -4

For maxima or minima,

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⇒ x = 5,

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Hence, Y(x) is maximum for x = 5,

And, maximum value of Y(x) = (20+5)(60 - 10) = 25(50) = 1250,

i.e. 5 trees should be planted to maximize the yield per acre,

and the maximum yield would be 1250 pounds

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