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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) 1 922 728 2

The following table contains data on market advances and declines.

Market advances and declines

Day Advances (in millions) Declines (in millions)
1 922 728
2 705 1,033
3 729 805
4 511 984
5 513 1,099
6 974 710
7 1,021 628
8 919 739
9 866 740
10 782 782

a.

If the trading volume in advancing shares on day 1 was 2.7 billion shares, while the volume in declining issues was 2.4 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?

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