A portfolio manager is concerned that two stocks generate an annual income of $15,000 for a client. The two stocks earn annual dividends of $2.40 and $ 3.50 per share, respectively. If X equal the number of shares of stock 1 and y equals the number of shares of stock 2. Rewrite the equation in slope-intercept form and interpret the meaning of the slope and y intercept. Solve for the x intercept and interpret its meaning?

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Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.1: Writing Equations In Slope-intercept Form

Problem 53PFA

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A portfolio manager is concerned that two stocks generate an annual income of $15,000 for a client. The two stocks earn annual dividends of $2.40 and $ 3.50 per share, respectively. If X equal the number of shares of stock 1 and y equals the number of shares of stock 2. Rewrite the equation in slope-intercept form and interpret the meaning of the slope and y intercept. Solve for the x intercept and interpret its meaning?

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