Textbook ExpertVerified Tutor
15 Nov 2021
Given information
Given that, the price of a single issue of stock can fluctuate throughout the day. A linear equation that represents the price of the stock for Shipment Express is y = 15 – 1.5x where x is the number of hours passed in an eight-hour day of trading.
Then we have to check if we owned this stock, would we want a positive or negative slope, and justify our answer.
Step-by-step explanation
Step 1.
If we owned the stock, we would want a positive slope, because that would mean the value was increasing and we would be gaining money. A negative slope means we would be losing money and a positive slope means we would be gaining money.
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