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The following table contains data on market advances and declines. Market Advances and Declines Day Advances (in millions) Declines (in millions) 1 917 725 2
The following table contains data on market advances and declines. Market Advances and Declines Day Advances (in millions) Declines (in millions) 1 917 725 2 700 1,008 3 709 800 4 503 979 5 508 1,062 6 962 719 7 1,016 627 8 914 723 9 861 743 10 777 777 Required: a. If the trading volume in advancing shares on day 1 was 2.2 billion shares, while the volume in declining issues was 1.9 billion shares, what was the trin statistic for that day? (Do not round intermediate calculations. Round your answer to 4 decimal places.) b. Was trin bullish or bearish? multiple choice Bullish Bearish
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