Question
A stock analyst plots the price per share of a certain common stock as a function of time and finds that it can be
A stock analyst plots the price per share of a certain common stock as a function of time and finds that it can be approximated by the function S(t) = 47+ 16e 0.04t, where t is the time (in years) since the stock was purchased. Find the average price of the stock over the first six years. The average price of the stock is $ . (Round to the nearest cent as needed.)
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Calculus With Applications
Authors: Margaret L. Lial
12th Edition
978-0135871348, 0135871344
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