Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The opening value of a stock index on the first day of trading from 1994 to 2010 , can be modeled using the following polynomial:

image text in transcribed
The opening value of a stock index on the first day of trading from 1994 to 2010 , can be modeled using the following polynomial: N(t)=11.9t3+20.3t2+22t+757, where t is time in years since 1994. A) Graph this function in an appropriate window for years 1994-2010, label completely. B) What is the vertical intercept (y-intercept), and what does this tell you in practical terms? C) Based on this model, what was the opening value stock index on the first day of trading in 2004 ? (15,108 is the actual number for that year)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Generational Wealth Personal Financial Handbook

Authors: Sherique Dill

1st Edition

1985161222, 978-1985161221

More Books

Students also viewed these Finance questions

Question

What is the interdealer market?

Answered: 1 week ago