The Average Fee Per Student (An Amount That Includes Activities

question 78

Multiple Choice

The average fee per student (an amount that includes activities fees, technology fees, curriculum fees, etc.) at four-year colleges is $1043.The fee charges are normally distributed with a standard deviation of $68.What proportion of students pay fees less than $1100?

• A).7995
• B).8325
• C).9167
• D).8442
• E).8168

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Definitions:

Futures Contract

Obliges traders to purchase or sell an asset at an agreed-upon price on a specified future date. The long position is held by the trader who commits to purchase. The short position is held by the trader who commits to sell. Futures differ from forward contracts in their standardization, exchange trading, margin requirements, and daily settling (marking to market).

Convergence Strategy

An investment strategy that involves profiting from the narrowing of a gap in the pricing of two or more assets.

NonDirectional Strategy

A NonDirectional Strategy in investing focuses on making profits without predicting market directions, often utilizing instruments that can benefit from volatility or arbitrage strategies.

Relative Mispricing

The situation where the price of an asset does not reflect its underlying value when compared to another asset, creating an opportunity for arbitrage.