Answer:
The price of price of the stock after it has been owned for 12 weeks is $92.55.
Step-by-step explanation:
Given:
Here, x represents the number of weeks the stock has been owned and y represents the price of the stock, in dollars.
We have to find the price of price of the stock after it has been owned for 12 weeks.
Now, the price of the particular stock which is represented by the linear equation is :
[tex]y =-0.91x + 103.47[/tex]
Since , [tex]x[/tex] represents the number of weeks the stock has been owned.
[tex]y(x) =-0.91x + 103.47[/tex]
So, by substituting [tex]x = 12[/tex]
We get the value of y , the price of stocks.
⇒ [tex]y(12) =-0.91(12) + 103.47[/tex]
⇒ [tex]y(12) =-10.92 + 103.47[/tex]
On solving the equation , we get:
⇒ [tex]y(12)=92.55[/tex]
Therefore, the price of price of the stock after it has been owned for 12 weeks is $92.55.
