The Price of a Certain Commodity in Dollars/unit at Time

question 276

Multiple Choice

The price of a certain commodity in dollars/unit at time (measured in weeks) is given by ​ ​
What is the average price of the commodity over the 7-week period from to ?
​
Round the answer to the nearest cent.
​

• A) $10.14
• B) $12.43
• C) $6.81
• D) $7.92
• E) $4.15

---

Definitions:

Volatility

The statistical measure of the dispersion of returns for a given security or market index, often associated with the degree of risk involved.

Risk Premium

The additional return an investor demands for taking on additional risk above the risk-free rate.

Expected Rate

The expected rate refers to the forecasted return on an investment or the predicted growth rate of an asset over a specific period.

Standard Deviation

A statistical measure that quantifies the dispersion or variability of a set of data points or investment returns around their mean.