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Juwan and his friend Jamie are watching their favorite tech penny stocks in the stock market. The initial value of Jamie’s stock was $4.00, while Juwan’s stock’s initial value was $0.00. Because of some incredible turns in the market this morning, the stocks are now increasing in value. Every time Juwan’s stock rises by $4.00, Jamie’s stock increases by $3.00. If these stock gains remain constant throughout the day, perform the following:

a. Convert this scenario into two linear equations; show both the standard form and the slope-intercept form for both equations.
b. Explain how you decided to label the axes.
c. What are the realistic bounds for the domain and range of today’s stock gains? Explain your answer.
d. Does this scenario imply correlation or causation? Explain your answer.

Sagot :

i think it’s a if not i’m sorry

Linear equations in slope intercept form for the given scenarios:

Juwan: y = 4x + 4

Jamie: y = 3x

Linear equations in standard form for the given scenarios:

Juwan: y - 4x = 4

Jamie: y - 3x = 0

Where, y = current stock value and x = number of times the stock value increased.

Domain: Set of natural number.

Range: Real number greater than or equal to 0.

This scenario is an example of causation.

What is standard form of line?

The standard form of a line is Ax + By = C, where A and B are not both zero.

In the given scenario, we take

y =  the present stock value of Jamie and Juwan.

x = number of times the stock value increased.

where, y depends upon x.

Juwan: y - 4x = 4

Jamie: y - 3x = 0

What is slope intercept form?

The slope intercept form of a straight line is one of the most common forms used to represent the equation of a line. The slope intercept formula can be used to find the equation of a line when given the slope of the straight line and the y-intercept( the y-coordinate of the point where the line intersects the y-axis).

Juwan: y = 4x + 4

Slope = 4

y - intercept = 4

Jamie: y = 3x

Slope = 3

y - intercept = 0

What is domain and range?

The domain is the set of all the input values of a function and range is the possible output given by the function.

In this particular question, x is the number of times stock price increased. Thus, it can be 0, 1, 2, 3....set of natural number. y is the current stock price. The stock price was positive in the beginning and has been increasing since then, therefore y lies in the set of positive real number.

What is causation?

Causation means that one variable causes another to change, which means one variable is dependent on the other. Here, the price of stock depends upon the number of times its value increased.

Learn more about causation here

https://brainly.com/question/10971583

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