Given the Statement: in Five Trading Days, the Stock Price

question 7

Multiple Choice

Given the statement: In five trading days, the stock price rose $2.90.
Choose the sentence that best expresses how rapidly, on average, the quantity has changed over the given interval.

• A) The stock price increased by an average rate of $1.72 per day.
• B) The stock price increased by an average rate of $0.58 per day.
• C) The stock price increased by an average rate of $1.45 per day.
• D) The stock price increased by an average rate of $2.90 per day.
• E) The stock price increased by an average rate of $5.00 per day.

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Definitions:

Terminating Decimal

A decimal fraction that has a finite number of digits after the decimal point.

Five-Figure Accuracy

A level of precision in numerical calculations or measurements where the result is accurate to five digits.

Four-Figure Accuracy

A level of precision in numerical representations where the number is rounded or truncated to four significant digits.

Terminating Decimal

A decimal characterized by a restricted amount of digits after the decimal point.