Question

The equation y = 65.18x + 21.43 fits the scatterplot of the values for stock ABC over the past month with an r-value of 0.9874. How much do you think ABC will be worth at x = 32 days?

a. $2107.19
b. $21.43
c $2219.34
d $65.18

Answer 1

A. $2107.19 for Apex

Answer 2

Option a is correct.

$2,107.19

Explanation:

The equation fits the scatter plot of the values for stock ABC over the past month with an r-value of 0.9874 is:

`y = 65.18x + 21.43` .....[1]

We have to find how much do you think ABC will be worth at x = 32 days.

x = 32 days

Substitute the value of x in [1] we have;

`y = 65.18(32)+21.43 = 2058.76 + 21.43 =2,107.19`

Therefore, $2,107.19 ABC will be worth at x = 32 days.