Suppose that the price of a share of a particular stock listed on the New York Stock Exchange is currently $38. The following probability distribution shows how the price per share is expected to change over a three-month period. Stock Price Change ($) Probability
−2 0.05
−1 0.10
0 0.27
+1 0.20
+2 0.18
+3 0.10
+4 0.10
(a) Construct a spreadsheet simulation model that computes the value of the stock price in 3 months, 6 months, 9 months, and 12 months under the assumption that the change in stock price over any three-month period is independent of the change in stock price over any other three-month period. For a current price of $38 per share, what is the average stock price (in $) per share 12 months from now?
(b) Based on the model assumptions, what are the lowest and highest possible prices (in $) for this stock in 12 months?

justin bieber ml.

the system of inequalities is

step-by-step explanation:

step 1

find the equation of the dashed line

we have the points

(0,0) and (3,1)

the line passes through the origin, so, is a direct variation

find the slope

the equation of the dashed line is

the solution of the inequality a s the shaded area above the dashed line

therefore

the equation of the inequality a is

step 2

find the equation of the solid line

we have the points

(4,0) and (0,4)

find the slope

the equation of the solid line is

the solution of the inequality b s the shaded area below the solid line

therefore

the equation of the inequality b is

step 3

the system of inequalities is

$4034.40

the perimeter of the field is the sum of the lengths of the four sides:

47 yd + 158 yd + 47 yd + 158 yd = 410 yd

the cost of 3 ft (1 yd) of fence is 3×$3.28 = $9.84.

so the cost of jake's wood perimeter fance is

(410 yd) × ($9.84 /yd) = $4034.40