The following table contains data on market advances and declines. Market Advances and Declines Advances Declines Day (in millions) (in millions) 910 715 661 990 723 793 505 972 ITT 501 1,096 971 704 1,006 615 907 724 854 736 770 1 2 3 4 5 6 7 8 9 10 Required: a. If the trading volume in advancing shares on day 1 was 1.5 billion shares, while the volume in declining issues was 1.2 billion shares, what was the trin statistic for that day? (Do not round intermediate calculations. Round your answer to 4 decimal places.) Trin statistic b. Was trin bullish or bearish? 770 O Bullish O Bearish

Survey of Accounting (Accounting I)
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ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
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The following table contains data on market advances and declines.
Day
1
2
3
4
5
6
7
8
9
10
Market Advances and Declines
Advances
Declines
(in millions) (in millions)
715
990
793
972
Trin statistic
910
661
723
505
501
971
1,006
907
854
770
Required:
a. If the trading volume in advancing shares on day 1 was 1.5 billion shares, while the volume in declining issues was 1.2 billion shares,
what was the trin statistic for that day? (Do not round intermediate calculations. Round your answer to 4 decimal places.)
Bullish
O Bearish
b. Was trin bullish or bearish?
1,096
704
615
724
736
770
Transcribed Image Text:The following table contains data on market advances and declines. Day 1 2 3 4 5 6 7 8 9 10 Market Advances and Declines Advances Declines (in millions) (in millions) 715 990 793 972 Trin statistic 910 661 723 505 501 971 1,006 907 854 770 Required: a. If the trading volume in advancing shares on day 1 was 1.5 billion shares, while the volume in declining issues was 1.2 billion shares, what was the trin statistic for that day? (Do not round intermediate calculations. Round your answer to 4 decimal places.) Bullish O Bearish b. Was trin bullish or bearish? 1,096 704 615 724 736 770
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