50. The Dow Jones Industrial Average (DJIA) and the Standard & Poors 500 Index (S&P 500) are...

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50. The Dow Jones Industrial Average (DJIA) and the Standard & Poor’s 500 Index (S&P 500)

are both used to measure the performance of the stock market. The DJIA is based on the price of stocks for 30 large companies; the S&P 500 is based on the price of stocks for 500 companies. If both the DJIA and S&P 500 measure the performance of the stock market, how are they correlated? The following data show the daily percent increase or daily percent decrease in the DJIA and S&P 500 for a sample of nine days over a three-month period (The Wall Street Journal, January 15 to March 10, 2006).

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Essentials Of Statistics For Business And Economics

ISBN: 9780324568608

5th Edition

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams

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