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2 years ago

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The price of a stock rose from a yearly low of $9.68 to $18.61. what was the stock percent increase from its low price that year

?
please help me, thankyou

1 answer:

Helga [31]2 years ago

4 0

Answer: i think it is 8.93

Step-by-step explanation:

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a real estate agent earns a commission of 4% of the selling price for each house he sells. How expensive of a house does he have

Vika [28.1K]

Given that rate of commission earned by the real estate agent = 4%

Given that required commission that real estate agents wants to earn = $7000.

Now we have to find about how expensive of a house does he have to sell to earn $7000.

So let the cost of house = $x

then commission earned = 4% of x

Given commision is $7000 so both quantities will be equal and we get equation:

4% of x = 7000

0.04x = 7000

x = 7000/0.04

x = 175000

Hence final answer is $175000.

8 0

2 years ago

Bobby and Rick are in a 16-lap race on a one-mile oval track. Bobby, averaging 94 mph, has completed six laps just as Rick i

Reptile [31]

Answer: Hello!

first let's note the things we already know:

there is a 16- lap race and the oval has one mile of length, then each of the laps has a length of one mile, and the whole race has 16 miles in total

Bobby averages 94 mph and already did 6 laps ( or 6 miles)

then we could write the Bobby equation as B(t) = 6 miles + 94mph*t

where t represents the time in hours.

now we could see how much time Bobby needs to end the race:

B(x) = 6mi + 94mph*x = 16mi

94mph*x = 16mi - 6mi = 10mi

x = (10/94)h = 0.106h

so Bobby needs 0.106 hours to finish the race, and we want to know which velocity Rick should have in order to reach the end of the race at the same time as Bobby.

Rick is starting the race, so he needs to do 16 miles in 0.106 hours, and as we know velocity is distance over time; so the average velocity of Rick is:

V = 16mi/0.106h = 150.9mph

Now let's see the hint:

Bobby does 8 miles in:

94*t = 8

t = 8/94 = 0.085 hours

and Rick does 10 miles in:

150.9*t = 10

t = 10/150.9 = 0.066 hours

wich is clearly different times, so maybe the hint is wrong.

5 0

2 years ago

A taxi charges a fee, plus $1.80 per mile. how far can you go for $12?

EleoNora [17]

12: 1.8= 20/3. => the answer is 20/3 miles

7 0

2 years ago

I need a bit of help on this one: mr. james borrows money from the bank to buy a new car. he borrows 10,000 at 3% for 5 years. H

EastWind [94]

Answer:

Between $11,000-$11,500

Between $10,500-$11,000

Between $9,500-$10,000

Between $9,000-$9,500

Between $10,000-$10,500

Correct answer:

Between $10,000-$10,500

8 0

2 years ago

A lathe is set to cut bars of steel into lengths of 6 cm. The lathe is considered to be in perfect adjustment if the average len

Gnom [1K]

Answer:

$t=\frac{5.97-6}{\frac{0.4}{\sqrt{93}}}=-0.723$

E. -0.723

$df=n-1=93-1=92$

$p_v =2*P(t_{(92)}$

Since the p value is very high we don't have enough evidence to conclude that the true mean for the lengths is different from 6 cm.

Step-by-step explanation:

Information provided

$\bar X=5.97$ represent the sample mean for the length

$s=0.4$ represent the sample standard deviation

$n=93$ sample size

$\mu_o =6$ represent the value that we want to test

$\alpha=0.05$ represent the significance level

t would represent the statistic

$p_v$ represent the p value for the test

System of hypothesis

We need to conduct a hypothesis in order to check if the lathe is in perfect adjustment (6cm), then the system of hypothesis would be:

Null hypothesis: $\mu = 6$

Alternative hypothesis: $\mu \neq 6$

since we don't know the population deviation the statistic is:

$t=\frac{\bar X-\mu_o}{\frac{s}{\sqrt{n}}}$ (1)

Replacing in formula (1) we got:

$t=\frac{5.97-6}{\frac{0.4}{\sqrt{93}}}=-0.723$

E. -0.723

P value

The degrees of freedom are given by:

$df=n-1=93-1=92$

Since is a two tailed test the p value would be:

$p_v =2*P(t_{(92)}$

Since the p value is very high we don't have enough evidence to conclude that the true mean for the lengths is different from 6 cm.

5 0

2 years ago