Question
On Your Own 4. The graph shows the price of a company's stock.The daily change in price (in dollars and as a percent) from open to close is given for each of the first four days, and from open to a real-time price on Tuesday. square square square square square square square square square square square square square square square square square square square square square square A. What are the minimum and maximum prices shown to the nearest dollar? B. What is the average rate of change in price for each of the first four days? C. How do the daily average rates of change compare to the average rate of change from the open Wednesday to the close Monday?
Answer
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Wallace
Professional · Tutor for 6 years
Answer
### A. Minimum price:
Y (where X and Y are the nearest dollar values from the graph).B. Average rate of change for each of the first four days: (Day 1:
b\%, Day 3:
d\%).C. Comparison of daily average rates to overall rate: The daily average rates of change (a\%, b\%, c\%, d\%) compared to the overall rate from open Wednesday to close Monday ($e\%).
Explanation
## Step1: Identify Minimum and Maximum Prices### Review the graph to determine the lowest and highest prices shown, rounding to the nearest dollar.## Step2: Calculate Daily Average Rate of Change### Use the given daily change in price (in dollars and percent) to calculate the average rate of change for each of the first four days.## Step3: Compare Daily Average Rates to Overall Rate### Compare the calculated daily average rates of change to the average rate of change from open Wednesday to close Monday.