Concept explainers
To calculate the stock prices at 2, 4 and 6
Answer to Problem 3.3.5P
The difference between the functions at equal interval is same, -1.84
The rate of change is negative, hence, the price is decreasing.
Explanation of Solution
Given information: The equation is,
Where y is the price and x is the stock
Formula used: solving function.
Calculation:
For x=2,
Substituting the values in the function,
On solving,
For x=4,
On solving,
For x=6
On solving,
The difference between the functions at equal interval is same, -1.84
The rate of change is negative, hence, the price is decreasing.
Chapter ISG Solutions
Algebra 1, Homework Practice Workbook (MERRILL ALGEBRA 1)
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