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Alecsey [184]
3 years ago
14

A gas station sells 1600 gallons of gasoline per hour if it charges $ 2.70 per gallon but only 900 gallons per hour if it charge

s $ 2.95
per gallon. Assuming a linear model
(a) How many gallons would be sold per hour of the price is $ 2.90 per gallon?
Answer:
(b) What must the gasoline price be in order to sell 1300 gallons per hour?
Answer:
Mathematics
1 answer:
kakasveta [241]3 years ago
5 0

Answer:

Look just at finding the linear model. Two points. Use price per gallon for x and gallons per hour sold for y. Your two points (x,y) are (2.15,1600) and (2.55,800).

Slope m=%281600-800%29%2F%280.15-0.55%29

m=800%2F0.40

m=2000

Using point-slope form for a line, and the lower-y point,

y-800=2000%28x-2.55%29

highlight%28y=2000%28x-2.55%29%2B800%29

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Step-by-step explanation:

From the question, we are informed that the stock of Company A gained 2% today to $79.56. The opening price of the stock in the beginning of the day will be calculated as:

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Therefore, opening price of the stock in the beginning of the day is $78

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