Question

In January, 2005 Anthony was preparing to purchase 100 shares of ABC stock. He was studying the literature and found four different charts on ABC stock performance. Which chart is the most relevant representation for Anthony’s purposes?
a.
A graph has year on the x-axis, from 1999 to 2003, and value (dollars per share) on the y-axis, from 80 to 200 in increments of 40. A curve goes through (0, 140), (2000, 170), (2002, 120).
b.
A graph has year on the x-axis, from 2001 to 2005, and value (dollars per share) on the y-axis, from 80 to 200 in increments of 40. A curve goes through (0, 170), (2003, 90), (2005, 130).
c.
A graph has year on the x-axis, from 1997 to 2003, and value (dollars per share) on the y-axis, from 0 to 200 in increments of 40. A curve goes through (0, 80), (2000, 170), (2003, 90).
d.
A graph has year on the x-axis, from 1996 to 2000, and value (dollars per share) on the y-axis, from 0 to 200 in increments of 40. A curve goes through (1996, 80), (1998, 140), (2000, 170).



Please select the best answer from the choices provided


A
B
C
D

Answer 1

Answer:

The chart which is most relevant representation for Anthony's purposes is;

b. A graph has year on the x-axis, from 2001 to 2005, and value (dollars per share) on the y-axis, from 80 to 200 in increments of 40. A curve goes through (0, 170), (2003, 90), (2005, 130)

Step-by-step explanation:

From the question, we have;

The time at which Anthony was preparing to purchase shares = January, 2005

The number of shares Anthony was preparing to purchase = 100 shares

The information he found in the literature = Charts on ABC stock performance

The information required = The current price of shares of ABC stock

Therefore, the chart that is most relevant is a chart that gives the 2005 pricing  of ABC stock which is the graph that has a curve that goes through (0, 170), (2003, 90), (2005, 130)

Answer 2

Answer:

The chart which is most relevant representation for Anthony's purposes is;

b. A graph has year on the x-axis, from 2001 to 2005, and value (dollars per share) on the y-axis, from 80 to 200 in increments of 40. A curve goes through (0, 170), (2003, 90), (2005, 130)

Step-by-step explanation: