(f) Suppose that the closing price for the DJIA is 13,000. Estimate the closing price for the S&P 500. If required, round your answer to the nearest whole number. Do not round intermediate calculations.

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The Dow Jones Industrial Average (DJIA) and the Standard & Poor's 500 (S&P 500) indexes are used as measures of overall movement in the stock market. The DJIA is based on the price movements of 30 large companies; the S&P 500 is an index
composed of 500 stocks. Some say the S&P 500 is a better measure of stock market performance because it is broader based. The closing price for the DJIA and the S&P 500 for 15 weeks, beginning with January 6, 2012, follow (Barron's website, April 17,
2012).
Click on the datafile logo to reference the data.
DATA file
Date
DJIA
S&P
January 6
12,360
1,278
January 13
12,422
1,289
January 20
12,720
1,315
January 27
12,660
1,316
February 3
12,862
1,345
February 10
12,801
1,343
February 17
12,950
1,362
February 24
12,983
1,366
March 2
12,978
1,370
March 9
12,922
1,371
March 16
13,233
1,404
March 23
13,081
1,397
March 30
13,212
1,408
April 5
13,060
1,398
April 16
12,850
1,370
Transcribed Image Text:The Dow Jones Industrial Average (DJIA) and the Standard & Poor's 500 (S&P 500) indexes are used as measures of overall movement in the stock market. The DJIA is based on the price movements of 30 large companies; the S&P 500 is an index composed of 500 stocks. Some say the S&P 500 is a better measure of stock market performance because it is broader based. The closing price for the DJIA and the S&P 500 for 15 weeks, beginning with January 6, 2012, follow (Barron's website, April 17, 2012). Click on the datafile logo to reference the data. DATA file Date DJIA S&P January 6 12,360 1,278 January 13 12,422 1,289 January 20 12,720 1,315 January 27 12,660 1,316 February 3 12,862 1,345 February 10 12,801 1,343 February 17 12,950 1,362 February 24 12,983 1,366 March 2 12,978 1,370 March 9 12,922 1,371 March 16 13,233 1,404 March 23 13,081 1,397 March 30 13,212 1,408 April 5 13,060 1,398 April 16 12,850 1,370
(f) Suppose that the closing price for the DJIA is 13,000. Estimate the closing price for the S&P 500.
If required, round your answer to the nearest whole number. Do not round intermediate calculations.
Transcribed Image Text:(f) Suppose that the closing price for the DJIA is 13,000. Estimate the closing price for the S&P 500. If required, round your answer to the nearest whole number. Do not round intermediate calculations.
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