Question
Question: Suppose that the closing price for the DJIA is 13,100. Estimate the closing price for the S&P 500. If required, round your answer to
Question: Suppose that the closing price for the DJIA is 13,100. Estimate the closing price for the S&P 500. | |
If required, round your answer to the nearest whole number. Do not round intermediate calculations. |
The Dow Jones Industrial Average (DJIA) and the Standard & Poor's 500 (S&P 500) indexes are used as measures of overall movement in the stock market. The DJIA is based on the price movements of 30 large companies; the S&P 500 is an index composed of 500 stocks. Some say the S&P 500 is a better measure of stock market performance because it is broader based. The closing price for the DJIA and the S&P 500 for 15 weeks, beginning with January 6, 2012, follow (Barron's website, April 17, 2012).
Click on the datafile logo to reference the data.
Date | DJIA | S&P |
January 6 | 12,360 | 1,278 |
January 13 | 12,422 | 1,289 |
January 20 | 12,720 | 1,315 |
January 27 | 12,660 | 1,316 |
February 3 | 12,862 | 1,345 |
February 10 | 12,801 | 1,343 |
February 17 | 12,950 | 1,362 |
February 24 | 12,983 | 1,366 |
March 2 | 12,978 | 1,370 |
March 9 | 12,922 | 1,371 |
March 16 | 13,233 | 1,404 |
March 23 | 13,081 | 1,397 |
March 30 | 13,212 | 1,408 |
April 5 | 13,060 | 1,398 |
April 16 | 12,850 | 1,370 |
I got that Y= -669.021 + 0.157X
And I need to plug in 13100 into the X.
I keep gettting 1,387.679 but for the whole around I put 1388 for an answer but it said it's wrong. What is the correct answer?
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