To draw a graph of any linear function you need two points only. We usually use x and y intercepts because these are easiest to work with. To find x-intercept we set y to be 0. This is also called zero of a function. Let us find x-intercepts for those two functions: Now we simply set y=0 and solve for x:
Now we need to find y-intercepts. To do this we simply set x to be zero.
Graphs of our functions are not defined by these two points. To draw a graph you simply draw a line through these two points. To find intersection we can use a fact that at the point of intersection both functions have the same value. We can write that down mathematically this way: -1.3x+4.4=1.2x+0.9 Now we need to solve for x. This will give us an x coordinate of the intersection point. Now we simply plug in these value of x in any function to obtain y coordinate of the interception point. Our intersection point the following coordinates (1.4,2.6). I have attached the graph with all the points that we calculated highlighted.
Elsa's answer is incorrect since there is a solution of the given equation. In the given logarithmic problem, we need to simplify the problem by transposing log2(3x+5) in the opposite side. The equation will now be log2x-log2(3x+5)=4. Using properties of logarithm, we further simplify the problem into a new form log (2x/6x+10)=4. Then transform the equation into base form 10^4=(2x/6x+10) and proceed in solving for x value which is equal to 1.667.
By dividing the total proceeds he will gain from the sales, that is, $7,300 / 250 = $29.2 we will deduce that each of the shares of stock is priced at $29.2. This value is larger compared to the offer price of $25.30 that he initially has. Hence, he should sell his shares and the answer is letter C.