The Uber IPO will happen soon. Your work for a hedge fund that is considering purchasinga significant number of Uber shares on the first day of trading. Your main analyst has de-termined that the change in rate of share purchases (in millions of shares per hour) on themarket starting from the opening bell (t-0) will follow the model:da:How many shares are sold in the first 2 hours?

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Asked May 6, 2019
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The Uber IPO will happen soon. Your work for a hedge fund that is considering purchasing
a significant number of Uber shares on the first day of trading. Your main analyst has de-
termined that the change in rate of share purchases (in millions of shares per hour) on the
market starting from the opening bell (t-0) will follow the model:
da:
How many shares are sold in the first 2 hours?
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The Uber IPO will happen soon. Your work for a hedge fund that is considering purchasing a significant number of Uber shares on the first day of trading. Your main analyst has de- termined that the change in rate of share purchases (in millions of shares per hour) on the market starting from the opening bell (t-0) will follow the model: da: How many shares are sold in the first 2 hours?

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Expert Answer

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Step 1

Given information:

Denote the number of Uber shares (in millions of shares per hour) sold as x.

Denote the time as t.

The change in rate of share purchases (in millions of shares per hour) on the market starting from the opening bell (t = 0) will follow the model given below:

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Step 2

Find the number of shares sold in the first 2 hours:

Here, it is given that the change in rate of share purchases is modeled at time t = 0.

The objective is to find the number of shares sold in the first 2 hours.

That is, to find the ...

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Math

Calculus