A person buys shares of a company every year for 5 years in a row. During this period the price of the shares has fluctuated quite a bit: the first year each share was worth €7, the second year €10, the third year €15, the fourth year the company had large financial losses and the price dropped to €6. per share and, finally, in the fifth year the company made a strong investment that caused the price to increase to €11. What has been the average purchase price of the shares?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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人工知能を使用せず、 すべてを段階的にデジタル形式で解決してください。
ありがとう
SOLVE STEP BY STEP IN DIGITAL FORMAT
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A person buys shares of a company every year for 5 years in a row. During this period the
price of the shares has fluctuated quite a bit: the first year each share was worth €7, the
second year €10, the third year €15, the fourth year the company had large financial losses
and the price dropped to €6. per share and, finally, in the fifth year the company made a
strong investment that caused the price to increase to €11. What has been the average
purchase price of the shares?
Transcribed Image Text:人工知能を使用せず、 すべてを段階的にデジタル形式で解決してください。 ありがとう SOLVE STEP BY STEP IN DIGITAL FORMAT DON'T USE CHATGPT A person buys shares of a company every year for 5 years in a row. During this period the price of the shares has fluctuated quite a bit: the first year each share was worth €7, the second year €10, the third year €15, the fourth year the company had large financial losses and the price dropped to €6. per share and, finally, in the fifth year the company made a strong investment that caused the price to increase to €11. What has been the average purchase price of the shares?
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