Question
Company January 1 ($) April 30 ($) Applied Materials 10.13 12.21 Bank of New York 28.33 25.48 ChevronTexaco 73.97 66.10 Cisco Systems 16.30 19.32 Coco
Company | January 1 ($) | April 30 ($) |
Applied Materials | 10.13 | 12.21 |
Bank of New York | 28.33 | 25.48 |
ChevronTexaco | 73.97 | 66.10 |
Cisco Systems | 16.30 | 19.32 |
Coco Cola | 45.27 | 43.05 |
Comcast | 16.88 | 15.46 |
Ford Motors | 2.29 | 5.98 |
General Electric | 16.20 | 12.65 |
Johnson & Johnson | 59.83 | 52.36 |
JP Morgan Chase | 31.53 | 33.00 |
Microsoft | 19.44 | 20.26 |
Oracle | 17.73 | 19.34 |
Pfiser | 17.71 | 13.36 |
Philip Morris | 43.51 | 36.18 |
Procter & Gamble | 61.82 | 49.44 |
In early 2009, the economy was experiencing a recession. But how was the recession affecting the stock market? Shown are data from a sample of 15 companies. Shown for each company is the price per share of stock on January 1 and April 30
A) What was the change in the mean price per share of stock over the four month period?
B) Provide a 90% confident interval estiamte of the change in the mean price per share of stock. Interpret the results.
C) What was the percentage change in the mean price per share of stock over the four-motnh period?
D) If this same percentage change were to occur for the next 4 months and again for the 4 months after that, what would be the mean price per share of stock at the end of the year 2009?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started