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.
Answer:
7/6
Step-by-step explanation:
add all numerators together
Slope intercepf is y=mx+b wherem=slope and b= y intercept
slope is found by doing
(y1-y2)/(x1-x2)
points are (6,-1) and (-3,2)
(x,y)
x1=6
y1=-1
x2=-3
y2=2
subsitute
(-1-2)/(6-(-2))=-3/(6+2)=-3/8
slope=-3/8
subsitute
y=-3/8x+b
subsitute and solve for b
(-3,2)
x=-3
y=2
2=-3/8(-3)+b
2=9/8+b
2=16/8
subtract 9/8 from both sides
16/8-9/8=b
7/8=b
y=-3/9x+7/8 is the equation
