On January 11, 2008, the value of the Dow Jones Industrial Average was 12,606.30, and the divisor
Question:
On January 11, 2008, the value of the Dow Jones Industrial Average was 12,606.30, and the divisor was 0.123017848. Explain why you either agree or disagree with these statements:
a. The average price of the 30 stocks in the Dow was 12,606.30.
b. The average price of the 30 stocks in the Dow was 12,606.30 divided by the divisor.
c. The average price of the 30 stocks in the Dow was 12,606.30 multiplied by the divisor.
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a The statement The average price of the 30 stocks in the Dow was 1260630 is not necessarily true Th...View the full answer
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Related Book For 
Essential Statistics Regression And Econometrics
ISBN: 9780123822215
1st Edition
Authors: Gary Smith
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