Q.1 Bob the Businessman has decided to take his company, LAspaceX, public. Bob is eager to make quick money and plans to sell his stocks as soon as they reach a high value. On the day LAspaceX goes public, Bob keeps track of the stock value by the minute. The recorded values are as follows: Initially (at t=0 minutes), the stock is worth $2. After 10 minutes, the stock is worth $3. After 20 minutes, the stock is worth $5. After 30 minutes, the stock is worth $6. After 40 minutes, the stock is worth $8. a) Finding the Value of the Stock Using the Least Squares Method Using the data provided, determine the best-fit line V(t) = mt + b that represents the value V of the stock in dollars after t minutes using the least squares method. You must submit your solution here using a PDF file by including the following steps:
Q.1 Bob the Businessman has decided to take his company, LAspaceX, public. Bob is eager to make quick money and plans to sell his stocks as soon as they reach a high value. On the day LAspaceX goes public, Bob keeps track of the stock value by the minute. The recorded values are as follows: Initially (at t=0 minutes), the stock is worth $2. After 10 minutes, the stock is worth $3. After 20 minutes, the stock is worth $5. After 30 minutes, the stock is worth $6. After 40 minutes, the stock is worth $8. a) Finding the Value of the Stock Using the Least Squares Method Using the data provided, determine the best-fit line V(t) = mt + b that represents the value V of the stock in dollars after t minutes using the least squares method. You must submit your solution here using a PDF file by including the following steps:
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Q.1
Bob the Businessman has decided to take his company, LAspaceX, public. Bob is eager to make quick money and plans to sell his stocks as soon as they reach a high value. On the day LAspaceX goes public, Bob keeps track of the stock value by the minute. The recorded values are as follows:
- Initially (at t=0 minutes), the stock is worth $2.
- After 10 minutes, the stock is worth $3.
- After 20 minutes, the stock is worth $5.
- After 30 minutes, the stock is worth $6.
- After 40 minutes, the stock is worth $8.
a) Finding the Value of the Stock Using the Least Squares Method
Using the data provided, determine the best-fit line V(t) = mt + b that represents the
value V of the stock in dollars after t minutes using the least squares method.
You must submit your solution here using a
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