Question

The American Association of Individual Investors conducts an annual survey of discount brokers. The following prices charged are from a sample of 24 discount brokers (AAII Journal,
January 2003). The two types of trades are a broker-assisted trade of 100 shares at $50 per share and an online trade of 500 shares at $50 per share.
a. Round the trading prices to the nearest dollar and develop a stem-and-leaf display for 100 shares at $50 per share. Comment on what you learned about broker-assisted trading prices.
b. Round the trading prices to the nearest dollar and develop a stretched stem-and-leaf display for 500 shares online at $50 per share. Comment on what you learned about online trading prices.


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  • CreatedSeptember 20, 2015
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