George Purchased a Futures Contract at 349

question 18

Multiple Choice

George purchased a futures contract at 349. The contract is on 2500 units, requires a 10% margin deposit and is priced in cents per unit. George sold the contract at 278. What is George's return on invested capital?

• A) - 255.4%.
• B) - 103.4%.
• C) - 155.4%.
• D) - 203.4%.

Understand the role and significance of folkways in society.

Recognize the concept of androcentrism and identify non-androcentric terms.

Explore the concept of multiple cultural identities through a postmodern lens.

Define cultural universals and their variability across societies.

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Definitions:

Biased Estimator

An estimator that, on average, does not equal the true parameter of the population, indicating a systematic error in estimation.

Population Parameter

A numerical value summarizing a characteristic of an entire population, such as mean or variance.

Efficient Estimator

An estimator that achieves the lowest possible variance among all unbiased estimators for a parameter of interest.

Random Sample

A sample drawn from a population in such a way that every individual has an equal chance of being selected, ensuring the sample's representativeness.