Ask question

Ask question

All categories

3 years ago

6

Jorge bought stock in a restaurant for $300. His stock is now worth $323. Complete the statement, rounding to two decimal places

if necessary.
The percentage change is ....

1 answer:

Harrizon [31]3 years ago

4 0

Answer:

The percentage change is 7.67%

Step-by-step explanation:

Cost of stock in a restaurant when bought= $300

Cost of stock in a restaurant now = $323

Change in cost = 323 -300 = $23

The percentage change is = (change in cost/Cost of stock in a restaurant when bought) * 100

The percentage change is = (23/300) * 100 = 7.67 %

The percentage change is 7.67%

You might be interested in

When n is small (less than 30), how does the shape of the t distribution compare to the normal distribution?

Anna [14]

When n is small (less than 30), how does the shape of the t distribution compare to the normal distribution then"it is flatter and wider than the normal distribution."

<h3>What is normal distribution?</h3>

The normal distribution explains a symmetrical plot of data around the mean value, with the standard deviation defining the width of the curve. It is represented graphically as "bell curve."

Some key features regarding the normal distribution are-

The normal distribution is officially known as the Gaussian distribution, but the term "normal" was coined after scientific publications in the nineteenth century demonstrated that many natural events emerged to "deviate normally" from the mean.
The naturalist Sir Francis Galton popularized the concept of "normal variability" as the "normal curve" in his 1889 work, Natural Inheritance.
Even though the normal distribution is a crucial statistical concept, the applications in finance are limited because financial phenomena, such as expected stock-market returns, do not fit neatly within a normal distribution.
In fact, prices generally follow a right-skewed log-normal distribution with fatter tails.

As a result, relying as well heavily on the a bell curve when forecasting these events can yield unreliable results.

To know more about the normal distribution, here

brainly.com/question/23418254

#SPJ4

6 0

1 year ago

Let f(x) = 1/x^2 (a) Use the definition of the derivatve to find f'(x). (b) Find the equation of the tangent line at x=2

Verdich [7]

Answer:

(a) $f'(x)=-\frac{2}{x^3}$

(b) $y=-0.25x+0.75$

Step-by-step explanation:

The given function is

$f(x)=\frac{1}{x^2}$ .... (1)

According to the first principle of the derivative,

$f'(x)=lim_{h\rightarrow 0}\frac{f(x+h)-f(x)}{h}$

$f'(x)=lim_{h\rightarrow 0}\frac{\frac{1}{(x+h)^2}-\frac{1}{x^2}}{h}$

$f'(x)=lim_{h\rightarrow 0}\frac{\frac{x^2-(x+h)^2}{x^2(x+h)^2}}{h}$

$f'(x)=lim_{h\rightarrow 0}\frac{x^2-x^2-2xh-h^2}{hx^2(x+h)^2}$

$f'(x)=lim_{h\rightarrow 0}\frac{-2xh-h^2}{hx^2(x+h)^2}$

$f'(x)=lim_{h\rightarrow 0}\frac{-h(2x+h)}{hx^2(x+h)^2}$

Cancel out common factors.

$f'(x)=lim_{h\rightarrow 0}\frac{-(2x+h)}{x^2(x+h)^2}$

By applying limit, we get

$f'(x)=\frac{-(2x+0)}{x^2(x+0)^2}$

$f'(x)=\frac{-2x)}{x^4}$

$f'(x)=\frac{-2)}{x^3}$ .... (2)

Therefore $f'(x)=-\frac{2}{x^3}$ .

(b)

Put x=2, to find the y-coordinate of point of tangency.

$f(x)=\frac{1}{2^2}=\frac{1}{4}=0.25$

The coordinates of point of tangency are (2,0.25).

The slope of tangent at x=2 is

$m=(\frac{dy}{dx})_{x=2}=f'(x)_{x=2}$

Substitute x=2 in equation 2.

$f'(2)=\frac{-2}{(2)^3}=\frac{-2}{8}=\frac{-1}{4}=-0.25$

The slope of the tangent line at x=2 is -0.25.

The slope of tangent is -0.25 and the tangent passes through the point (2,0.25).

Using point slope form the equation of tangent is

$y-y_1=m(x-x_1)$

$y-0.25=-0.25(x-2)$

$y-0.25=-0.25x+0.5$

$y=-0.25x+0.5+0.25$

$y=-0.25x+0.75$

Therefore the equation of the tangent line at x=2 is y=-0.25x+0.75.

5 0

3 years ago

What is the area of the following circle?

Marysya12 [62]

Answer:

Area = pi X r^2 = pi x (1)^2 = 3.14 x 1 = 3.14

Step-by-step explanation:

3 0

3 years ago

Read 2 more answers

twice the difference between a number and 10 is equal to 6 times the number plus 14. what is the number?

laiz [17]

Let the number be n. Then 2(n-10) = 6n + 14.

Multiplying out the left side, 2n - 20 = 6n + 14. Thus, -34=4n, and n = -17/2.

4 0

3 years ago

How many $20 checks would it take to pay an invoice for $280

irga5000 [103]

280÷20=14 is that what ur asking?

7 0

3 years ago