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)=39+12e^−0.04t, where t is the time (in years) since the stock was purchased. Find the average price of the stock over the first five years. The average price of the stock is?
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)=39+12e^−0.04t, where t is the time (in years) since the stock was purchased. Find the average price of the stock over the first five years. The average price of the stock is?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter9: Quadratic Functions And Equations
Section9.6: Solving Quadratic Equations By Using The Quadratic Formula
Problem 28PPS
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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)=39+12e^−0.04t, where t is the time (in years) since the stock was purchased. Find the average price of the stock over the first
five years.
The average price of the stock is?
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