
Lenny D. answered 07/11/19
Former professor at Tufts University with decades on Wall Street
In 2010 x is zero and the price is 2.09 in 2011, x=1 and price = 2.09 -.75*1 = 1.34. in 2012 X=2 and price = 2.09 -.75*2 = .59
Angelina F.
asked 07/11/19If a story problem is talking about the price of widgets since 2010 and it gives the equation p = -.75x + 2.09, where x is the number of years since 2010, you know that ...
Lenny D. answered 07/11/19
Former professor at Tufts University with decades on Wall Street
In 2010 x is zero and the price is 2.09 in 2011, x=1 and price = 2.09 -.75*1 = 1.34. in 2012 X=2 and price = 2.09 -.75*2 = .59
Angelina,
You know that the price was 2.09 in 2010 and that the price is decreasing at a rate of .75/tear. So in 2011 the price was 1.34.
OK?
Jim
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