5
lesson pretestMath Formula

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Question 5 • Financial Math

A broker wants to change investment strategies if a stock's trading price increases or decreases by more than 8.25% of its current trading price. The prices that fall in the group for a new strategy are described by the solution set to the inequality |x−108.16|≥0.0825⁢(108.16) Which part of the solution set describes the prices with the new strategy that results from an increase? Round to the nearest hundredth if necessary. Enter your answer in the box.

Answer

Math Formula Answer:

x ≥ 117.08

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A broker wants to change investment strategies…