Ford Motor Company was founded in 1903 by Henry Ford in Dearborn, Michigan. Ford Motor Company quickly grew to be one of the largest and most profitable companies in the world with Ford’s leadership. Ford Motor Company is the world’s largest family owned company and the products the company produces include cars, trucks, and SUVs. General Motors was founded by William “Billy” Durant on September 16, 1908 in Flint, Michigan. GM started off small but quickly acquired many other automobile companies such as Oldsmobile, Cadillac, and Pontiac. GM, similar to Ford, produces cars, trucks, and SUVs. The reason our group chose these two brands is because they are two of the most popular American-based companies.
Objective The objective of this report is to analyze and compare the stock market performance of Ford Motor Company and General …show more content…
Finance (http://finance.yahoo.com). The reasoning behind using Yahoo! Finance is because it is a very trusted source of all things finance and the stock market. The website was also very easy to operate and has the option to view stocks over various customizable time periods.
Report
In order to formulate this report a year’s worth of closing prices from each company were attained as populations. 252 closing prices were obtained over the 365-day time, due to the market being closed on weekends and holidays. These closing prices were used to make statistical inferences about the quality and health of each companies stock.
Processes and Concepts
Sample of Stock Prices from Monday and Friday’s
First, in order to accomplish all tasks required on the report a sample of the 252 stock price data was taken. To do this, from the population only stock prices from Monday and Friday’s were used. The accuracy and data was checked manually to verify accuracy.
Confidence Interval