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20 March, 05:31

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?

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  1. 20 March, 08:38
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    I'm pretty sure you already solved this by now, but I'll say the answer anyway. This problem has already been solved by another as a verified answer.

    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 th estock 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

    I take no credit for this answer. It was solved by CastleRook.
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