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Ede4ka [16]
2 years ago
8

In 1999, the share price for General Motors stock was $144 per share but has been declining at an average rate of 14% per year.

The equation P = 144(0.86)x will give the value of the stock after any number of years. What is the current share price for GM stock?
Mathematics
1 answer:
vodomira [7]2 years ago
7 0

Answer:  $5.22  (in the year 2021)

========================================================

Explanation:

The year 2021 is 22 years after 1999 since

2021 - 1999 = 22

That means we'll plug x = 22 into the equation given to us

P = 144*(0.86)^x

P = 144*(0.86)^22

P = 5.21588994768589 which is approximate

P = 5.22 rounding to the nearest cent

The share price is about $5.22 in the year 2021.

This assumes that the 14% decline keeps happening year after year; however, in reality, stocks are more complicated and fluctuate more randomly if anything.

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A certain town never has two sunny days in a row. Each day is classified as being either sunny, cloudy (but dry), or rainy. If i
11111nata11111 [884]

Answer:

the proportion of days that are Sunny is 0.2

Step-by-step explanation:

Given the data in the question;

Using markov chain;

3 states; Sunny(1), Cloudy(2) and Rainy(3)

Now, based on given conditions, the transition matrix can be obtained in the following way;

\left[\begin{array}{ccc}0&0.5&0.5\\0.25&0.5&0.25\\0.25&0.25&0.5\end{array}\right]

so let the proportion of sunny, cloudy and rainy days be S, C and R respectively.

such that, from column 1

S = 0.25C + 0.25R   -------------let this be equation 1

from column 2

0.5C = 0.5S + 0.25R

divided through by 0.5

C = S + 0.5R ---------------------- let this be equation 2

now putting equation 2 into equation;

S = 0.25(S + 0.5R) + 0.25R

S = 0.25S + 0.125R + 0.25R

S - 0.25S = 0.375R

0.75S = 0.375R

S = 0.375R / 0.75

S = 0.5R

Therefore,

from equation 2; C = S + 0.5R

input S = 0.5R

C = 0.5R + 0.5R

C = R

Now, we know that, the sum of the three proportion should be equal to one;

so

S + C + R = 1

since C = R and S = 0.5R

we substitute

0.5R + R + R = 1

2.5R = 1

R = 1/2.5

R = 0.4

Hence, the proportion of days that are Rainy is 0.4

C = R

C = 0.4

Hence, the proportion of days that are Cloudy is 0.4

S = 0.5R

S = 0.5(0.4)

S = 0.2

Hence, the proportion of days that are Sunny is 0.2

8 0
3 years ago
Please solve this...I can;t do it do it
yanalaym [24]

Answer:

Area = 867 meters

Step-by-step explanation:

You have a rectangle. This means opposite sides are equal. If you set these expressions equal to each other, you will get two equations with two unknowns, x and y. Next, solve the system of equations to find x and y. Then, use the values to find the length and width of the rectangle. Last, multiply length × width to find the area.

8 0
2 years ago
Please solve!!! Will make Brainliest!!
posledela

Answer:

Pretty Simple!

Step-by-step explanation:

So, according to similar triangles, all the measures of their corresponding angles are equal.

According to the picture, <A corresponds to <D. Thus:

m<D=32 degrees

Hope this helps!

3 0
2 years ago
Read 2 more answers
During a movie, Tanvi ate 4/5 of a handful of snack mix, and Wyatt ate 2/5 of a handful. How much more did Tanvi eat?
skelet666 [1.2K]
2/5 more i believe!
basically just subtract 4/5 and 2/5 and you get 2/5
feel free to mark brainliest, hope this helps!
4 0
3 years ago
Read 2 more answers
2. The area of the rectangle shown is 375 square centimeters,
polet [3.4K]

Answer:

15

Step-by-step explanation:

Area is l x h. If that's the case then we need to do the oposite of multiplication to get the answer we need. Divide 375cm an 25cm to get your answer.

Original Equation:

A = l x h

New Equation:

A/l = h

8 0
3 years ago
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