A Bottler of Drinking Water Fills Plastic Bottles with a Mean

question 53

Multiple Choice

A bottler of drinking water fills plastic bottles with a mean volume of 999 milliliters (mL) and standard deviation 5 mL. The fill volumes are normally distributed. What
Proportion of bottles have volumes between 992 mL and 998 mL?

• A) 0.0808
• B) 0.6452
• C) 0.4207
• D) 0.3399

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Definitions:

Strike Price

The predetermined price at which an option's contract can be exercised, allowing for the purchase or sale of the underlying asset.

Strike Price

The price at which the holder of an option contract can buy (in the case of a call option) or sell (in the case of a put option) the underlying asset.

Risk-free

An investment category that promises return payments with zero default risk, often exemplified by treasury bonds of stable governments.

Call Option

A financial contract giving the buyer the right, but not the obligation, to purchase an asset at a specified price within a specific time period.