Each year Money magazine consultants compile a list of 50 blue-chip stocks. Thes

Question

Each year Money magazine consultants compile a list of 50 blue-chip stocks.

These stocks are analyzed and suggestions are made about which ones to buy, which should be held, and which should be sold.

Let us assume that in one issue the consultants recommended 17 “buys” and published this buy list with the

Stock price stock                               price

Syntex 23.00 H.J. Heinz                             40.75

Marion Merrell Dow 49.95 Rite Aid                                56.00

Eli Lilly 47.46 GM E shares 44.75

Merck                                    39.26 Schering-Plough                    53.25

Warner Lambert                    42.63 British Telecom                     29.75

Borden                                  57.44 Stanhome                             49.00

McGraw-Hill                          31.25 Glaxo Holdings                     33.00

Abbott Labs                            43.32 Hubbell B Shares                 65.00

Bristol-Meyers                       37.35

1.Calculate the mean for these stocks.

2.Calculate the median of these stock.

3.What is the range of the stocks?

Explanation / Answer

Data Summary: Min. 1st Qu. Median Mean 3rd Qu. Max. 23.00 37.35 43.32 43.72 49.95 65.00 mean=(23+40.75+...+37.35)/17 =43.715 median =43.32 range = max - min =65 -23 =42

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.