Question
The Dow Jones Industrial Average is a measure of the overall strength of the stock market, usually abbreviated DJIA. (a) If the DJIA increases by
The Dow Jones Industrial Average is a measure of the overall strength of the stock market, usually abbreviated DJIA.
(a) If the DJIA increases by 1.1% on Monday, increases by 0.8% on Tuesday, decreases by 2.3% on Wednesday, decreases by 1.2% on Thursday, and increases by 0.5% on Friday, what is the overall percentage change for the entire week?
(b) If during a different week (with 5 business days) the DJIA has an overall increase of 12%, but increases by the same percentage every day for 5 days, what would that daily percentage be?
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Numerical Analysis
Authors: Richard L. Burden, J. Douglas Faires
9th edition
538733519, 978-1133169338, 1133169333, 978-0538733519
