Question
The following data shows the price of PAO, Inc. stock over the last 8 months. Month Price 1 2.08 2 2.00 3 2.03 4 1.91
The following data shows the price of PAO, Inc. stock over the last 8 months.
Month | Price |
1 | 2.08 |
2 | 2.00 |
3 | 2.03 |
4 | 1.91 |
5 | 1.88 |
6 | 1.87 |
7 | 1.70 |
8 | 1.67 |
| a. | Develop a scatter diagram and draw a trend line through the points. |
| b. | What kind of relationship exists between stock price and time (negative, positive, or no relation)? |
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Understanding Basic Statistics
Authors: Charles Henry Brase, Corrinne Pellillo Brase
6th Edition
978-1133525097, 1133525091, 1111827028, 978-1133110316, 1133110312, 978-1111827021
