Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The following table contains data on market advances and declines. Market Advances and Declines Day Advances (in millions) Declines (in millions) 1 915 717 2
The following table contains data on market advances and declines.
| Market Advances and Declines | ||
| Day | Advances (in millions) | Declines (in millions) |
| 1 | 915 | 717 |
| 2 | 663 | 998 |
| 3 | 737 | 798 |
| 4 | 524 | 977 |
| 5 | 506 | 1,022 |
| 6 | 982 | 724 |
| 7 | 1,013 | 616 |
| 8 | 912 | 728 |
| 9 | 859 | 751 |
| 10 | 775 | 775 |
|
| ||
a. If the trading volume in advancing shares on day 1 was 2.0 billion shares, while the volume in declining issues was 1.8 billion shares, what was the trin statistic for that day? (Do not round intermediate calculations. Round your answer to 4 decimal places.)
Trin statistic
b. Was trin bullish or bearish?
| Bullish | |
| Bearish |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started