Question 1.157

61. Most Active Stocks. Here is a list of the five most active stocks on the NYSE on June 5, 2014.

Stock Price
Rite Aid $7.87
Bank of America $15.43
Twitter $33.89
Sprint $9.02
Ford Motors $16.68
  1. We are about to select a random sample and determine the lowest price in the sample. Do we know what this price will be before we select the sample? Why or why not?
  2. Select a random sample of size 2 from the table.
  3. If you take another sample of size 2, is it likely to comprise the same two companies? Why or why not?
  4. Which stock in your sample has the lowest price? What is that price?

1.3.61

(a) No, different random samples may contain different lowest stock prices. (b) Answers will vary. (c) No; see answer (a). (d) Answers will vary.