Question

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

Answer 1

794.44

Explanation:

Answer 2

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]