EP BASIC BUS.STATS-ACCESS (18 WEEKS)
14th Edition
ISBN: 9780135989005
Author: BERENSON
Publisher: PEARSON CO
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Chapter 4, Problem 27PS
In 42 of the 66 years from 1950 through 2010 (in 2011 there was virtually no change), the S&P 500 finished higher after the first five days of trading. In 37 out of 42 years, the S&P 500 finished higher tor the year. Is a good first week a good omen for the upcoming year? The following table gives the firsts week and annual performance over this 66-year period:
a. If a year is selected at random. What is the
b. Given that the S&P 500 finished higher after the first his days of trading what is probability that it finished higher for the year?
c. Are the two
d. Look up the performance after the five days of 2017 and the 2017 annual performance of the S&P 500 at finance yahoo.Com. Comment on the results.
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In 42 of the 64 years from 1950 through 2014,the S& P 500 finished higher after the first five days of trading (in 2011 there was virtually no change). In 37 out of 42 years, the S&P 500 finished higher for the year. Is a good first week a good omen for the upcoming year? The following table gives the first-week and annual performance over this 64-year period.
First week
Higher
Lower
Total
Higher
37
5
42
Lower
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Total
48
16
64
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Chapter 4 Solutions
EP BASIC BUS.STATS-ACCESS (18 WEEKS)
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