Q. 16 Use the following information to... [FREE SOLUTION]

91影视

Introductory Statistics

Barbara Illowsky, Susan Dean

$Math Studyset 91影视 Explanations$ Math

OER 2018 Edition 路 902 pages

ISBN: 9781938168208

Chapter 12: Q. 16 (page 714)

Use the following information to answer the next two exercises. The price of a single issue of stock can fluctuate throughout the day. A linear equation that represents the price of stock for Shipment Express is $y = 15 鈥� 1.5 x$ where $x$ is the number of hours passed in an eight-hour day of trading.
If you owned this stock, would you want a positive or negative slope? Why?

Short Answer

Expert verified

We will prefer a positive slope, because the purpose of funding in stock remains to gain maximum from that stock.

Step by step solution

Given Information

Given in the question that, a linear equation $y = 15 - 1.5 x$ .

Where $x$ is the number of hours passed in an eight-hour day of trading.

Explanation

According to the information, a linear equation that represents the price of stock for Shipment Express is $y = 15 - 1.5 x$

Let's consider the negative slope:

The negative slope will decrease the price of the slope. Therefore, the earnings will also decrease.

Consider the positive slope:

Positive slope will increase the price of the slope. Therefore, the earnings will also increase.

Hence, We will prefer a positive slope

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$x$	$y$	$x$	$y$
$0$	$2$	$5$	$12$
$3$	$8$	$4$	$9$
$2$	$7$	$3$	$9$
$1$	$3$	$0$	$3$
$5$	$13$	$4$	$10$

X (depth in feet)	Y (maximum dive time)
50	80
60	55
70	45
80	35
90	25
100	22

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Short Answer

Step by step solution

Given Information

Explanation

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