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Examine their daily trading volume for the same five days. a. What are the average volumes for the two samples? b. Would you expect this

Examine their daily trading volume for the same five days.

a. What are the average volumes for the two samples?

b. Would you expect this difference to have an impact on the efficiency of the markets for the two samples? Why or why not?

SAMPLE A TRADING VOLUME
30-Jan 31-Jan 1-Feb 2-Feb 3-Feb
Merck 7,853,600 9,821,100 11,018,800 18,990,200 11,650,500
Caterpillar 5,221,800 5,724,700 3,582,500 3,807,500 4,677,900
Intel 23,954,700 27,059,100 28,380,600 31,916,900 21,038,100
McDonalds 3,778,000 3,733,300 3,233,400 3,236,600 3,183,000
General Electric 26,211,800 38,703,400 25,682,300 21,709,500 31,104,300
SAMPLE B TRADING VOLUME
30-Jan 31-Jan 1-Feb 2-Feb 3-Feb
AMAZON 3,747,300 3,137,200 3,850,200 7,350,500 10,868,800
APPLE 30,377,500 49,201,000 111,985,000 33,710,400 24,507,300
HP 9,345,200 12,485,400 9,739,700 8,296,900 13,433,300
GOOGLE 3,246,600 2,160,600 2,029,700 1,532,100 1,463,400
YAHOO 6,906,100 5,153,500 5,306,400 5,064,400 6,422,400

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