Thirty companies comprise the DJIA. How big are these companies? One common method for measuring the size

Question:

Thirty companies comprise the DJIA. How big are these companies? One common method for measuring the size of a company is to use its market capitalization, which is computed by multiplying the number of stock shares by the price of a share of stock.

On January 10, 2017 the market capitalization of these companies ranged from Traveler’s $33.3 billion to Apple’s $625.6 billion. The entire population of market capitalization values is stored in DowMarketCap.

Source: Data extracted from money.cnn.com, January 10, 2017.

Decide whether the market capitalization of companies in the DJIA appears to be approximately normally distributed by

a. Comparing data characteristics to theoretical properties.

b. Constructing a normal probability plot.

c. Constructing a histogram.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Basic Business Statistics Concepts And Applications

ISBN: 9780134684840

14th Edition

Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat, David F. Stephan

Question Posted: