AnswersFinancial MathAbsolute Value and Linear Inequalities in Financial Context

Absolute Value and Linear Inequalities in Financial Context — Quiz Answers

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21
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An investor will change plans when the difference between a property's estimated value and its original appraised value is defined by the inequality |x−184,653|≥(0.22)⁢(184,653) Based on the inequality, which statement is true?

A
x is the original purchase price of the property.
B
The plan changes only if the property's value increases to at least 225 dollars comma 276 point 6 6.
C
The property's current estimated value is 184 dollars comma 653.
D
The plan changes for values at least 40 dollars comma 623 point 6 6 above or below the original value.
22
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An investor will change plans when the difference between a property's estimated value and its original appraised value is defined by the inequality |x−184,653|≥(0.22)⁢(184,653) Based on the inequality, which statement is true?

A
The property's current estimated value is 184 dollars comma 653.
B
The plan changes for values at least 40 dollars comma 623 point 6 6 above or below the original value.
C
x is the original purchase price of the property.
D
The plan changes only if the property's value increases to at least 225 dollars comma 276 point 6 6.
26

The sale of one investor’s stock depending on the number of shares sold can be represented by the inequality 45.67⁢x−6.50≥16,899 Which statement is true about the purchase, based on the inequality? Round to the nearest hundredth if necessary.

A
The stock costs 6 point 5 0 dollars per share.
B
The investor should sell fewer than 370 shares.
C
The investor wants to earn at least 16 dollars comma 899.
D
The investor is purchasing at least 46 shares.
27

One investor’s stock purchase depending on the price per share can be represented by the inequality 250⁢x+5.99<13,543 Which statement is true about the purchase, based on the inequality? Round to the nearest hundredth if necessary.

A
The investor wants to spend more than 13 dollars comma 543 on the transaction.
B
The investor is purchasing 250 shares.
C
The cost per share needs to be at least 54 point 1 5 dollars.
D
The stock costs 5 point 9 9 dollars per share.

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