Math Problem Statement

The equation gives the estimated stock price y, in dollars, for a certain company x days after a new product launched, where 0 ≤ x ≤ 20. Which statement is the best interpretation of (x, y) = (1, 83) in this context?

Solution

The given equation is:

y=0.25x27.5x+90.25y = 0.25x^2 - 7.5x + 90.25

This represents the estimated stock price yy in dollars, for a company xx days after a new product was launched, where 0x200 \leq x \leq 20.

We are tasked with interpreting the point (x,y)=(1,83)(x, y) = (1, 83) in the context of the problem. Let's calculate the value of yy when x=1x = 1 using the equation to verify the stock price.

Substituting x=1x = 1 into the equation:

y=0.25(1)27.5(1)+90.25y = 0.25(1)^2 - 7.5(1) + 90.25 y=0.257.5+90.25y = 0.25 - 7.5 + 90.25 y=83y = 83

So, when x=1x = 1 (1 day after the new product launched), the stock price y=83y = 83, 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:

  1. How does the stock price change as xx increases?
  2. What is the minimum stock price within the given range 0x200 \leq x \leq 20?
  3. How would you interpret the point (0,90.25)(0, 90.25) in this context?
  4. What happens to the stock price after x=20x = 20?
  5. 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