/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Problem 86 For Exercises \(85-90,\) refer t... [FREE SOLUTION] | 91影视

91影视

Log out

Learning Materials

Features

Discover

Chapter 5: Problem 86

For Exercises \(85-90,\) refer to the table. The table gives the closing stock prices (in dollars per share) for the first day of trading for the given month. $$\begin{array}{l|c|c|c|c|c} \text { Stock } & \text { January } & \text { February } & \text { March } & \text { April } & \text { May } \\ \hline \text { IBM } & \$ 97.27 & \$ 99.00 & \$ 92.27 & \$ 95.21 & \$ 103.17 \\\ \hline \text { FedEx } & \$ 109.77 & \$ 111.89 & \$ 114.16 & \$ 106.07 & \$ 106.11 \\ \hline \end{array}$$ By how much did the FedEx stock decrease between January and May?

Short Answer

Expert verified
FedEx stock decreased by \(\$3.66\) between January and May.

Step by step solution

01

Identify the initial stock price

Look at the table to find the closing stock price of FedEx for January. It is given as \(\$109.77\).
02

Identify the final stock price

Look at the table to find the closing stock price of FedEx for May. It is given as \(\$106.11\).
03

Calculate the decrease in stock price

Subtract the final stock price from the initial stock price to find the decrease. \(\$109.77 - \$106.11\)
04

Simplify the calculation

Simplify the equation to get the amount of decrease: \(\$109.77 - \$106.11 = \$3.66\)

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91影视!

Key Concepts

These are the key concepts you need to understand to accurately answer the question.

basic arithmetic operations
In prealgebra, understanding basic arithmetic operations like addition, subtraction, multiplication, and division is crucial. These operations are the building blocks of more complex math concepts. In the context of the problem, subtraction is the primary operation used.
Subtraction involves taking one number away from another to find the difference. To subtract, align the numbers by their decimal points and subtract each digit starting from the rightmost digit.
For example, given two numbers, 109.77 and 106.11, the subtraction process looks like this:
  • Subtract the hundredths place: 7 - 1 = 6
  • Subtract the tenths place: 7 - 1 = 6
  • Subtract the units place: 9 - 6 = 3
  • Confirm you have correctly aligned decimal points to achieve accurate results.

Result of \(109.77 - 106.11\) is 3.66.
stock price comparison
Comparing stock prices helps investors determine the performance of a stock over time. This involves looking at the opening or closing prices at different times and calculating the difference to understand the trend.
In the exercise, we compare the closing stock prices of FedEx between January and May. The steps include:
  • Identify the stock prices for January and May from the provided table.
  • January's closing price: \(\$109.77\)
  • May's closing price: \(\$106.11\)

By subtracting May's price from January's price: \( 109.77 - 106.11 = 3.66 \), we see that FedEx's stock decreased by $3.66 over this period.
math word problems
Math word problems involve real-world scenarios where you apply arithmetic operations to find solutions. They help in improving critical thinking and problem-solving skills.
To solve a math word problem:
  • Understand the problem statement.
  • Identify relevant numbers and operations needed.
  • Perform calculations step-by-step to reach the solution.

In this exercise, the problem statement asked about the decrease in FedEx's stock price from January to May. By carefully reading the table and using subtraction, we found the decrease to be \(\$3.66\). Breaking down problems into small steps can make finding the solution much easier.

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

Water flows into a pool at a constant rate. The water level is recorded at several 1-hr intervals. a. From the table, how many inches is the water level rising each hour? b. At this rate, what will the water level be at 1: 00 PM.? c. At this rate, what will the water level be at 3.00 p.M.? $$\begin{array}{c|c} \text { Time } & \text { Water Level } \\ \hline 9: 00 \mathrm{A} . \mathrm{M} & 4.2 \mathrm{in} . \\ \hline 10: 00 \mathrm{A} \ldots & 5.9 \mathrm{in} . \\ \hline 11.00 \mathrm{A} \ldots & 7.6 \mathrm{in} . \\ \hline 12.00 \mathrm{em} . & 9.3 \mathrm{in.} \\ \hline \end{array}$$

What is the greatest number with three places to the right of the decimal that can be created from the digits 2, 9, and 7? Assume that the digits cannot be repeated.

For Exercises \(85-90,\) refer to the table. The table gives the closing stock prices (in dollars per share) for the first day of trading for the given month. $$\begin{array}{l|c|c|c|c|c} \text { Stock } & \text { January } & \text { February } & \text { March } & \text { April } & \text { May } \\ \hline \text { IBM } & \$ 97.27 & \$ 99.00 & \$ 92.27 & \$ 95.21 & \$ 103.17 \\\ \hline \text { FedEx } & \$ 109.77 & \$ 111.89 & \$ 114.16 & \$ 106.07 & \$ 106.11 \\ \hline \end{array}$$ Between which two consecutive months did the IBM stock increase the most? What was the amount of increase?

Which number properly represents 3.499999 rounded to the thousandths place? a. 3.500 b. 3.5 c. 3.500000 d. 3.499

When multiplying or dividing decimals, it is important to place the decimal point correctly. Determine whether you think the number is reasonable or unreasonable. If the number is unreasonable, move the decimal point to a position that makes more sense. Mickey makes \(8.50 per hour. He estimates his weekly paycheck to be \)3400.
See all solutions

Recommended explanations on Math Textbooks

Statistics

Read Explanation

Mechanics Maths

Read Explanation

Calculus

Read Explanation

Probability and Statistics

Read Explanation

Decision Maths

Read Explanation

Discrete Mathematics

Read Explanation
View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.