A Group of Sixth-Graders All Took a 100 Word Spelling

question 147

Multiple Choice

A group of sixth-graders all took a 100 word spelling test in order to qualify for the city-wide spelling bee contest.If a child needed to score in the top 20% of applicants to qualify,which one of the following students definitely qualified for the spelling bee?

• A) Aaron who placed in the 15th percentile
• B) Barbara who spelled 80% of the words correctly
• C) Connor who placed at the 90th percentile
• D) Della who spelled 85 words correctly

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Definitions:

Time To Expiration

The period that remains before a contract, such as an option or futures contract, reaches its maturity date and is either exercised or expires worthless.

Intrinsic Value

Intrinsic value is the perceived or calculated true value of an asset, investment, or company, based on underlying perceptions of its true worth rather than current market value or price.

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy a stock, bond, commodity, or other asset at a specified price within a specific time period.

Actual Value

The actual value is the genuine, intrinsic value of an asset, without any speculation or market influence; often considered the most accurate value of an asset.