what is the standard and poor's 500 index
S&P 500 Index The Standard & Poor'sÂ 500, often abbreviated as the S&P 500, or just "the S&P",[6][7] is an American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ. The S&P 500 index components and their weightings are determined by S&P Dow Jones Indices. It differs from other U.S. stock market indices, such as the Dow Jones Industrial Average or the Nasdaq Composite index, because of its diverse constituency and weighting methodology. It is one of the most commonly followed equity indices, and many consider it one of the best representations of the U.S. stock market, and a bellwether for the U.S. economy.[8] The National Bureau of Economic Research has classified common stocks as a leading indicator of business cycles.[9]
Miller Analogies Test Tests taken in October 2004 or later have a score range from 200 to 600. The median score is 400, with a standard deviation of 25 points. These scores, based on a normal curve, are known as "scaled" scores. Because of their grounding in this model, scaled MAT scores of 500-600 are extremely rare, as they would be more than four standard deviations above the norm of 400.