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8 April, 12:45

The equation y = 12.21x + 37.42 fits the scatterplot of the values for stock ABC over the past month with an r-value of 0.9871. How much do you think ABC will be worth at x = 62 days?

A. $794.44

B. $781.52

C. $12.21

D. $37.42

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  1. 8 April, 12:47
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    This is the concept of financial algebra, we are required to calculate the value of stock ABC which follows the model given by:

    y=12.21x+37.42

    given that x=62 days,

    the value of the stock after 62 days will be given by:

    y=12.21 (62) + 37.42

    y=757.02+37.42

    y=794.44

    ABC will be worth $794.44

    The answer is A]
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