Textbook ExpertVerified Tutor
15 Nov 2021
Given information
Given that, the price of a single issue of stock can fluctuate throughout the day. A linear equation that represents the price of the stock for Shipment Express is y = 15 – 1.5x where x is the number of hours passed in an eight-hour day of trading.
Then we have to identify the slope and y-intercept and interpret their meaning.
Step-by-step explanation
Step 1.
The standard form of the linear equation is y = a + bx where a is the y-intercept and b is the slope.
And it is given that y = 15 – 1.5x where y-intercept a=15 and the slope b=-1.5.
The slope is -1.5 means the stock is losing value at a rate of $1.50 per hour and the y-intercept is $15 means the price of the stock before the trading day began was $15.
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Introductory Statistics
OER Edition, 2013
Openstax
ISBN: 9781938168208
Solutions
Chapter
Section
- Problem 1
- Problem 2
- Problem 3
- Problem 4
- Problem 5
- Problem 6
- Problem 7
- Problem 8
- Problem 9
- Problem 10
- Problem 11
- Problem 12
- Problem 13
- Problem 14
- Problem 15
- Problem 16
- Problem 17
- Problem 18
- Problem 19
- Problem 20
- Problem 21
- Problem 22
- Problem 23
- Problem 24
- Problem 25
- Problem 26
- Problem 27
- Problem 28
- Problem 29
- Problem 30
- Problem 30
- Problem 31
- Problem 32
- Problem 33
- Problem 34
- Problem 35
- Problem 36
- Problem 37
- Problem 38a
- Problem 38b
- Problem 38c
- Problem 38d
- Problem 38e
- Problem 39a
- Problem 39b
- Problem 39c
- Problem 40
- Problem 41
- Problem 42
- Problem 43
- Problem 44
- Problem 45
- Problem 46
- Problem 47
- Problem 48
- Problem 49
- Problem 50a
- Problem 50b
- Problem 50c
- Problem 50d
- Problem 51
- Problem 52
- Problem 53
- Problem 54
- Problem 55
- Problem 56
- Problem 57b
- Problem 58
- Problem 59
- Problem 60
- Problem 61
- Problem 71i
- Problem 85f
- Problem 85g
- Problem 85h
- Problem 85i