Concept explainers
a.
To find the change in the closing price since the previous days.
a.
Answer to Problem 37IP
The change in the closing price since the previous daysis obtained as,
Date | May 3 | May 4 | May 5 | May 6 | May 7 |
Closing price | |||||
Change |
Explanation of Solution
Given information:
The table is given as,
Date | May 3 | May 4 | May 5 | May 6 | May 7 |
Closing price | |||||
Change |
Calculation:
The change in the closing price since the previous daycan be obtained as,
For May 4th the change in price,
For May 5th the change in price,
For May 6th the change in price,
For May 7th the change in price,
Therefore,
The change in the closing price since the previous daysis obtained as,
Date | May 3 | May 4 | May 5 | May 6 | May 7 |
Closing price | |||||
Change |
b.
To find the difference between the highest and the lowest change value.
b.
Answer to Problem 37IP
The difference between the highest and the lowest change value is obtained as
Explanation of Solution
Given information:
The change in the closing price since the previous daysis obtained as,
Date | May 3 | May 4 | May 5 | May 6 | May 7 |
Closing price | |||||
Change |
Calculation:
The difference between the highest and the lowest change valuecan be obtained as,
Therefore,
The difference between the highest and the lowest change value is obtained as
Chapter 2 Solutions
Glencoe Math Accelerated, Student Edition
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