Homework #3; Sections (3.1, 3.2 & 3.3) Question 6 of 30 (1 point) | Question Attempt: 8 of Unlimited Stock prices: Following are the closing prices of a particular stock for each trading day in May and June of a recent year. May 869.79 829.61 880.93 884.74 900.68 900.62 886.25 820.43 875.04 877 871.98 879.81 890.22 879.73 864.64 859.70 859.10 867.63 880.37 877.07 873.65 June 873.32 882.79 889.42 906.97 908.53 909.18 903.87 915.89 887.10 877.53 880.23 871.48 873.63 857.23 861.55 845.72 871.22 870.76 868.31 Send data to Excel Part: 0/3 Part 1 of 3 (a) Find the mean and median price in May. Round the answers to two decimal places. The mean price in May was $ and the median price was $
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To find the mean, add up all the prices in May and divide by the total number of prices. Sum of prices in May = 869.79 + 829.61 + 880.93 + 884.74 + 900.68 + 900.62 + 886.25 + 820.43 + 875.04 + 877 + 871.98 + 879.81 + 890.22 + 879.73 + 864.64 + 859.70 + 859.10 + Show more…
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Problem 3 Problem Statement For this problem, you will be answering questions based on data for a fictional company ABC. Stock for company ABC had the following 12-month closing prices per share. Month 1 2 3 4 5 6 7 8 9 10 11 12 Closing Price $7.60 $7.80 $8 $9 $9.20 $9.40 $9.60 $10 $10.60 $11.80 $12.40 $14.20 Additional data for company ABC: Dividend = $0.50 per share. Questions 1. Calculate the following. a. Mean of Closing Prices - x b. Standard Deviation of Closing Prices - s 2. Determine if any of the closing prices would be considered "volatile." a. x - 2s b. x + 2s c. List any months that have "volatile" closing prices. 3. Suppose you own 1000 shares in company ABC. What is the annual dollar amount you earn based on the dividend (amount each stockholder receives for each share of stock)? 4. Use Excel to plot the table of closing prices. Use the horizontal axis to represent the month and the vertical axis to represent the closing price. Use the following link for a tutorial on graphing in Excel. 5. Based on the plot from (4), would you advise selling the stock now or holding off to wait for higher closing prices? Provide a brief explanation for your answer. Example A call center monitored the length of time needed to resolve a customer's service. For 8 customers, the time in minutes to resolve each issue is listed in the following data set. 18, 24, 45, 21, 22, 31, 16, 21 The manager of the call center wants to know the mean, median, mode, and standard deviation of the data set.
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The median home price in a certain city was $218,600 last November. On the news you heard that the median home price had increased by 3% since that time. Based on this information, what is the median home price in the city right now?
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