Put into Words Using the Concept of PRE What Each

question 2

Essay

Put into words using the concept of PRE what each of the following correlations mean:
-Gamma = .65 for a relationship between categories of income and gender.

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Definitions:

Market Buy Order

An order to purchase a security immediately at the best available current price.

Last Trade

The most recent transaction that occurred for a specific security on a trading platform.

Limit Order Book

A record of all the open buy and sell orders for a particular security at various prices.

Russell 2000 Index

An equity index measuring the performance of the 2,000 smallest companies in the Russell 3000 Index, commonly used as a benchmark for small-cap U.S. stocks.