We know that 1) <span>Luis bought stock at ---------------> $66.80 2) </span><span>The next day, the price increased $13.85--------> $66.80+$13.85=$80.65 3) </span><span>This new price changed by −2 3 /4 % the following day 2 3/4%----> (2*4+3)/4----> 11/4 %----> 2.75% so (100%-2.75%)-----> 97.25% t</span><span>he final stock price is $80.65*0.9725-----> $78.43
D. No, I would not feel comfortable accepting the shipment if one item was found defective, because the probability is quite small to obtain 1 or more defective items.
