The Monthly Net Gains Sales for a New Sporting Goods

question 12

Multiple Choice

The monthly net gains sales for a new sporting goods store were: $6243, $3397, $2195, $7970, $8824, $1321, $3644, $8543, $4279, $4861. Find the median.

• A) $4570.00
• B) $4279.00
• C) $5127.70
• D) $5697.44

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Definitions:

December Contract

A futures contract with a delivery or settlement date in December.

Gold Futures Contracts

Agreements to buy or sell a specific amount of gold at a predetermined price on a set date in the future, used for hedging or speculation on gold prices.

Futures Price

The agreed upon price for the future delivery of assets such as commodities or financial instruments, set in a futures contract.

Contract Maturity

The designated date on which the principal amount of a financial instrument such as a bond, loan, or futures contract becomes due and payable.