Word: divisor
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...Jones average and the dollars-and-cents meaning of those changes. The Dow-Jones index is calculated by totaling the per-share value of 30 blue-chip industrial stocks (among them: A.T. &T., Du Pont, General Motors, General Electric, U.S. Steel), then dividing the sum by a frequently changed divisor-now 2.278-to erase the effect of stock splits and dividends. Thus figured, the Dow-Jones average of those 30 stocks stood at 888.82 at week's end, but their average market price was $67.50. Complained The Exchange: "A one-point change in the D-J equals about...
...industrial average. Actually, the Dow-Jones is not a dollar average at all, but a point average. Dow statisticians calculate it by totaling the per-share value of 30 prime industrial stocks (among them: Du Pont, General Motors, General Electric, U.S. Steel), then dividing the sum by a "constant divisor" which they adjust to account for stock splits. Currently, the divisor stands at 4.566, meaning that each point in the average is equal to $1 divided by 4.566, or about 22?. Thus, a 6-point jump is only about $1.32 in actual dollar value, a fact some amateurs learn...
While visiting the show there developed the question of measuring the money's worth offered by the various manufacturers. There was no common divisor for all of the 300 cars shown. Body type was no modulus, nor price, nor size as measured by wheelbase. Yet price considered with size, as arranged in the following tables, might give some clue. Because every motor manufacturer produces a four-door sedan or a model very like one, the data pertains to that type...
...instruction for women who presents herself at the Harvard University Preliminary Examination for Women, and passes satisfactorily in any eight of the following subjects: 1. English; 2. Physical Geography; 3. Botany or Physics; 4. Mathematics 1 (Arithmetic; Algebra, through equations of the first degree, including Proportions, Fractions, and Common Divisor); 5. Mathematics 2 (Algebra, through Quadratics; Plane Geometry); 6. History; 7. French; 8. German; 9. Latin; 10. Greek. This examination will be held in Cambridge, New York, Philadelphia, and Cincinnati, beginning Wednesday, May 28, 1879. The regular fee for the examination is $15. For this year a special examination will...