M. F. M. Osborne o=<ouozuomuEz h=l/ P) I 34>STEPHENS RES CORP ELAPSED CALENDAR TIME Fr ange common stocks) Data from F w ns and the Securities Research Corpora a06745σs)for umed normal ds- nbution The straight hne transcribed from Fig 11 8 h=SPR/P 自…峰艺 · UTILITIES NYSE E A NYSE o TORONTO M 8 0 皿⊥uL⊥LA⊥ LlLLLL TIME(MINUTES) WK IO MON TRADING TIME SCALE (DAYS) Journal) == terquartale range of Alog P=log[P(+r)/P(o) from NYSE were taken under letter H. from asI der mines and oils The utilties were the first 20 listed by Securties Research Corporation Starting time t 21,1956 N=20 for all samples This data may be regarded as 06745a for an assumed normal distrbution