Stocks The table presents the 2016 percentage change in the stock price for six well-known companies. (Data from: finance.yahoo.com .) Company Percentage Change American Express +10.6% Coca-Cola − 1.0 % ExxonMobil +14.9% Hewlett Packard +63.1% Ford − 5.7 % Red Robin Gourmet Burgers − 8.0 % Suppose that we wish to determine the difference in percentage change between two of the companies in the table, and suppose that we are interested only in the magnitude, or absolute value, of this difference. Then we subtract the two entries and find the absolute value. For example, the difference in percentage change of stock price for American Express and Ford is | 10.6 % − ( − 5.7 % ) | = 16.3 % Find the absolute value of the difference between the two indicated changes in stock price. American Express and ExxonMobil
Stocks The table presents the 2016 percentage change in the stock price for six well-known companies. (Data from: finance.yahoo.com .) Company Percentage Change American Express +10.6% Coca-Cola − 1.0 % ExxonMobil +14.9% Hewlett Packard +63.1% Ford − 5.7 % Red Robin Gourmet Burgers − 8.0 % Suppose that we wish to determine the difference in percentage change between two of the companies in the table, and suppose that we are interested only in the magnitude, or absolute value, of this difference. Then we subtract the two entries and find the absolute value. For example, the difference in percentage change of stock price for American Express and Ford is | 10.6 % − ( − 5.7 % ) | = 16.3 % Find the absolute value of the difference between the two indicated changes in stock price. American Express and ExxonMobil
Solution Summary: The author calculates the absolute value of the difference between the stock price of American Express and ExxonMobil.
Stocks The table presents the 2016 percentage change in the stock price for six well-knowncompanies. (Data from:finance.yahoo.com.)
Company
Percentage Change
American Express
+10.6%
Coca-Cola
−
1.0
%
ExxonMobil
+14.9%
Hewlett Packard
+63.1%
Ford
−
5.7
%
Red Robin Gourmet Burgers
−
8.0
%
Suppose that we wish to determine the difference in percentage change between two of the companies in the table, and suppose that we are interested only in the magnitude, or absolute value, of this difference. Then we subtract the two entries and find the absolute value. For example, the difference in percentage change of stock price for American Express and Ford is
|
10.6
%
−
(
−
5.7
%
)
|
=
16.3
%
Findthe absolute value of the difference between the two indicated changes in stock price.
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.