a.
To find: The number of weeks for the stock worth to be $20.
a.
Answer to Problem 58E
After 2 weeks the stock be worth is $20.
Explanation of Solution
Given information: We are given with graph.
Let’s read the graph to find the x value where the y value is $20.
The point (2, 20) lies on the graph.
The (2, 20) says after 2 weeks the stock price is $20.
b.
To Describe: The change in stock price from week 1 to week2.
b.
Answer to Problem 58E
Change is -$30 or loss of $30.
Explanation of Solution
Given information: The stock price in week 1 is $40. The stock price in week 3 is $10.
Calculation:
From the graph, the stock price in week 1 is $40 and the stock price in week 3 is $10.
So, change in stock price from week 1 to week 3 is $10- $40 = -$30.
Thus stock price went down $30 from week 1 to week 2.
Chapter 6 Solutions
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