Math Problem Statement
Solution
The given equation is:
This represents the estimated stock price in dollars, for a company days after a new product was launched, where .
We are tasked with interpreting the point in the context of the problem. Let's calculate the value of when using the equation to verify the stock price.
Substituting into the equation:
So, when (1 day after the new product launched), the stock price , which means the company's estimated stock price is $83.
Correct Interpretation:
The correct statement is C):
- "1 day after the new product launched, the company's estimated stock price is $83."
Let me know if you want more details or have any questions. Here are 5 related questions to expand the topic:
- How does the stock price change as increases?
- What is the minimum stock price within the given range ?
- How would you interpret the point in this context?
- What happens to the stock price after ?
- Can you find the vertex of the parabola and explain its significance?
Tip: To analyze quadratic functions, look for the vertex to understand the maximum or minimum point of the curve.
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Math Problem Analysis
Mathematical Concepts
Quadratic Equations
Algebra
Formulas
y = 0.25x^2 - 7.5x + 90.25
Theorems
Properties of quadratic functions
Interpreting quadratic function points
Suitable Grade Level
Grades 9-10
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