In 2010, there was an explosion on a BP oil rig in the Gulf of Mexico. The
Question:
(a) Construct a time-series plot of the data.
(b) Percentage change may be found using the formula
Percentage change = P2 - P1 / P1, For example the percentage change in price from 1/10 to 2/10 was Percentage change = 43.53/45.22 = -0.037 = -3.7%
That is, BP stock declined 3.7% from January to February in 2010. The extent of the damage of the explosion was determined in June, 2010. What was the percentage change in the BP stock price from May to June, 2010?
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Related Book For
Statistics Informed Decisions Using Data
ISBN: 9780134133539
5th Edition
Authors: Michael Sullivan III
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