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Question

The price of a share of stock in XYZ Corporation was $74 two weeks ago. Seven weeks ago, the price was$59 a share.

a. Write a linear equation to find the price $p$ of a share of XYZ Corporation stock $w$ weeks from now.

b. Estimate the price of a share of stock five weeks ago.

Solution

VerifiedAnswered 1 year ago

Answered 1 year ago

Step 1

1 of 6Recall that the slope intercept form of a linear function is given as follows.

$y=mx+b$

where $m$ is the slope of the line and $b$ is the $y$-intercept.

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