Question: Given below are the closing prices for the Dow Jones Industrial Average (DJIA) and the Standard & Poor's (S&P) 500 Index over 10 weeks.

Given below are the closing prices for the Dow Jones Industrial Average (DJIA) and the Standard & Poor's (S&P) 500 Index over 10 weeks. Dow Jones 10,42 10,11 9,86 10,47 9,92 10,59 11,21 10,93 11,13 10,31 1 2 5 0 2 3 3 4 6 S&P 500 1,379 1,356 1,34 3 B) be high. 1,410 C) be low. 1,38 9 For the week when the DJIA is high, you will expect the S&P index in that week to A) be about the same value as the DJIA. 1,463 1,529 1,499 1,516 1,355 D) have no relationship with the DJIA value.
Step by Step Solution
3.53 Rating (143 Votes )
There are 3 Steps involved in it
First we will determine the correlation Let x be dow Jones and y be s p 500 It shows there is a posi... View full answer
Get step-by-step solutions from verified subject matter experts
