You hear a market analyst on television say that the advance/decline ratio for the session was 1.4. What does that mean?
(Select the best choice below.)

• A. For every stock that advanced, 1.4 issues declined. Or put another way, for every 10 stocks that advanced, 14 declined.
• B. For every stock that declined, 1.4 issues advanced. Or put another way, for every 10 stocks that declined, 14 advanced.
• C. For every stock that declined, 1.4 issues advanced. Or put another way, for every 10 stocks that advanced, 14 declined.
• D. For every stock that advanced, 1.4 issues declined. Or put another way, for every 10 stocks that declined, 14 advanced.
  
  

Answer rating: 100% (QA)

B For every stock that ... View the full answer