Use the Given Values of N=2112 $p = \frac { 3 } { 4 }$

question 22

Multiple Choice

Use the given values of n=2112, $p = \frac { 3 } { 4 }$ to find the minimum value that is not significantly low, $\mu - 2 \sigma$ and the maximum value that is not significantly high, $\mu + 2 \sigma$ Round your answer to the nearest hundredth unless otherwise noted.

• A) Minimum: 1478.7; maximum: 1689.3
• B) Minimum: 1544.2 ; maximum: 1623.8
• C) Minimum: 1564.1; maximum: 1603.9
• D) Minimum: 1623.8; maximum: 1544.2

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Definitions:

Call Option Contract

An agreement in finance that grants the individual holding it the freedom, but not the duty, to buy various assets like stocks, bonds, or commodities at a fixed price before the deadline expires.

Buyer

An individual or entity that purchases goods or services from another party.

Seller

An individual or entity that is offering a product or service for sale.

Forward Contract

A customizable financial contract between two parties to buy or sell an asset at a specified future time at a price agreed upon at the moment of the contract’s initiation.