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. Ford and Red Robin
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. Ford and Red Robin
Solution Summary: The author calculates the absolute value of the difference between the stock price of Ford and Red Robin.
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.
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