Assume You Purchased One October Futures Contract at the Lifetime

question 278

Multiple Choice

Assume you purchased one October futures contract at the lifetime low and sold the contract at the lifetime high. How much profit would you have?

• A) $500
• B) $620
• C) $2,850
• D) $9,250
• E) $9,650

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Definitions:

Normal Curve

A bell-shaped curve that depicts the distribution of data points in a way where most of the observations cluster around the mean, showing the properties of symmetry and asymptotic tails.

Standard Deviation

A metric indicating the degree of spread or diversity among values in a dataset.

Mean

The average of a set of numbers, calculated by dividing the sum of all values by the total number of values.

Standard Normal Curve

A type of normal distribution that has a mean of 0 and a standard deviation of 1, represented graphically as a bell-shaped curve.