Create Cumulative Frequency and Relative Frequency Tables
-The Local Police

question 66

Short Answer

Create Cumulative Frequency and Relative Frequency Tables
-The local police, using radar, checked the speeds (in mph) of 30 motorists on a rural road. The results are listed below. Construct a relative frequency ogive using six classes. $$\begin{array} { l l l l l l l l l l } 44 & 38 & 41 & 50 & 36 & 36 & 43 & 42 & 49 & 48 \\35 & 40 & 37 & 41 & 43 & 50 & 45 & 45 & 39 & 38 \\50 & 41 & 47 & 36 & 35 & 40 & 42 & 43 & 48 & 33\end{array}$$

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Definitions:

Asian Put Option

A type of put option where the payoff depends on the average price of the underlying asset over a certain period rather than its price at expiration.

Underlying Asset

An asset such as a stock, bond, commodity, or currency on which a derivative's price is based.

Exercise Price

The price at which the holder of an options contract may buy or sell the underlying security, also known as the strike price.

Quanto

A type of derivative in which the underlying is denominated in one currency, but the instrument itself is settled in another currency at a fixed rate.