Given:
Price change of four companies [tex]\dfrac{5}{8},-0.25,-\dfrac{1}{8}\text{ and }1.5[/tex].
To find:
Smallest price change of the four companies.
Solution:
We have price change of four companies as [tex]\dfrac{5}{8},-0.25,-\dfrac{1}{8}\text{ and }1.5[/tex].
Here negative sign represents the decrease in stock market price.
Price change can either positive or negative. So, we need to find the absolute value of each price change.
[tex]\left|\dfrac{5}{8}\right|=0.625[/tex]
[tex]|-0.25|=0.25[/tex]
[tex]\left|-\dfrac{1}{8}\right|=0.125[/tex]
[tex]|1.5|=1.5[/tex]
Arrange these values in increasing order.
[tex]0.125<0.25<0.625<1.5[/tex]
Now,
Price changes in ascending order is
[tex]-\dfrac{1}{8},-0.25,\dfrac{5}{8},\text{ and }1.5[/tex]
Hence, -1/8 the smallest price change of the four companies.
