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Apple, Dell, IBM, and Microsoft are well known in the computer industry. If the computer industry is doing well, then we might expect the stocks

Apple, Dell, IBM, and Microsoft are well known in the computer industry. If the computer industry is doing well, then we might expect the stocks of all four to increase in value. If the industry goes down, wed expect all four to go down as well. How strong is the association among these companies? After all, they compete in some areas. For example, Dell and IBM both sell powerful computer systems designed to power Web sites like Amazon or weather.com.

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