Statistics Solutions

[Solution] Suppose Bob owns 2,000 shares of Company X and 10,000 shares of Company Y. The total value of Bob's holdings of these two companies is $340,000.

Question: Suppose Bob owns 2,000 shares of Company X and 10,000 shares of Company Y. The total value of Bob's holdings of these two companies is $340,000.

Suppose Frank owns 8,000 shares of Company X and 6,000 shares of Company Y. The total value of Franks holdings of these two companies is $340,000.

  1. Write equations for Bob and Frank's holdings. Use the variables X and Y to represent the values of shares of Company X and Company Y.
  2. Solve for the value of a share of Company X and Company Y. Show your work so you can get partial credit even if your final answer is wrong.

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document


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