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The price of Apple stock changes daily. The last five days of price changes were, -$1.63, $1.45, -$1.21, -$2.73, $0.57. What is the average price change for these days?

a. -$0.51
b. -$0.29
c. -$1.55
d. $0.22

User Gonzojive
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1 Answer

6 votes

Final answer:

After adding the daily price changes for Apple stock (-$1.63, $1.45, -$1.21, -$2.73, $0.57), the result is -$3.55. Dividing this by 5 days gives an average change of -$0.71 per day. This answer does not match any of the provided options, indicating there might be an error in the question or the options.

Step-by-step explanation:

To calculate the average price change for Apple stock over the last five days, you add up the daily price changes and then divide by the number of days.

Day 1: -$1.63Day 2: $1.45Day 3: -$1.21Day 4: -$2.73Day 5: $0.57

Adding these changes together gives us:

(-$1.63) + $1.45 + (-$1.21) + (-$2.73) + $0.57 = -$3.55

Now, we divide the sum by the number of days to find the average change:

Average Change = -$3.55 / 5 = -$0.71

However, this isn't one of the provided options. Let's check our calculations again:

(-$1.63) + $1.45 + (-$1.21) + (-$2.73) + $0.57 = -$3.55 (still correct)

Now, we divide by 5 more carefully:

Average Change = -$3.55 / 5 = -$0.71 (re-checked)

Since none of the options match, there might be an error in the question or the provided options. If we were to assume the provided options are correct, we would have to check the individual values for errors or consider whether the question meant something else by average price change.

User Colonelsanders
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