General Electric was removed as a member of the Dow Jones Industrial Average in June 2018 and replaced with Walgreens Boots Alliance. When that happened, which of the following was true? Check all that apply.

Check All That Apply

• The standard deviation of daily price moves of the Dow Jones Industrial Average increased.

  The standard deviation of daily price moves of the Dow Jones Industrial Average increased.

• The standard deviation of daily price moves of the Dow Jones Industrial Average decreased. The standard deviation of daily price moves of the Dow Jones Industrial Average decreased.

• This substitution caused the divisor to decrease. This substitution caused the divisor to decrease.

• This substitution caused the divisor to increase. This substitution caused the divisor to increase.

• S&P made the substitution to have the DJIA be a better representation of the economy.