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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) 1 924 758 2

The following table contains data on market advances and declines.

Market advances and declines

Day Advances (in millions) Declines (in millions)
1 924 758
2 707 1,043
3 723 807
4 518 986
5 515 1,044
6 954 718
7 1,023 605
8 921 743
9 868 754
10 784 784

a.

If the trading volume in advancing shares on day 1 was 2.9 billion shares, while the volume in declining issues was 2.5 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

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