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.

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.

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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**Problem Statement:**

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.

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