Translate the Sentence to an Algebraic Inequality $\mathrm { P } = 0.5643 \mathrm { Y } - 1092.57$

question 142

Multiple Choice

Translate the sentence to an algebraic inequality.
-If the formula P $\mathrm { P } = 0.5643 \mathrm { Y } - 1092.57$ 2.57 can be used to predict the average price of a theater ticket after 1945, for what years will the average theater ticket price be at least 43 dollars? (Y is the actual year.)

• A) 2011 or after
• B) 2015 or after
• C) 2023 or after
• D) 2013 or after

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Definitions:

Expected Return

The average of all possible returns for an investment, weighted by the likelihood of each outcome.

Risky Asset

Asset that provides an uncertain flow of money or services to its owner.

Risk-free Asset

A financial instrument that is considered to have minimal risk of financial loss, such as government bonds.

Intercept

A term in mathematics and economics indicating the value where a function or line crosses an axis on a graph.