Your friend is thinking about buying shares of stock in a company. You have been tracking the closing prices of the stock shares for the past 90 trading days. Which type of graph for the data, histogram or time-series, would be best to show your friend? Why?
Your friend is thinking about buying shares of stock in a company. You have been tracking the closing prices of the stock shares for the past 90 trading days. Which type of graph for the data, histogram or time-series, would be best to show your friend? Why?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Your friend is thinking about buying shares of stock in a company. You have been tracking the closing prices of the stock shares for the past 90 trading days. Which type of graph for the data, histogram or time-series, would be best to show your friend? Why?
A. A time-series graph because the pattern of stock prices over time is more relevant than the frequency of a range of closing prices.
B. A time-series graph because the pattern of stock prices over time is less relevant than the frequency of a range of closing prices.
C. A histogram because the pattern of stock prices over time is less relevant than the frequency of a range of closing prices.
D. A histogram because the pattern of stock prices over time is more relevant than the frequency of a range of closing prices.
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