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?

Answer 1

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.