What Are Descriptive Statistics

question 23

Multiple Choice

What are descriptive statistics

• A) numerical indexes of the degree of relationship between two variables 
• B) indicators of the probability that the observed findings are due to chance 
• C) calculations used to organize and summarize data 
• D) summaries used to interpret data and draw conclusions

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Definitions:

Strike Price

The set price at which an option contract can be bought (call) or sold (put) when it is exercised.

Market Price

The current price at which an asset or service can be bought or sold in a marketplace.

Call Option

A financial contract giving the buyer the right, but not the obligation, to buy a stock, bond, commodity, or other asset or instrument at a specified price within a specific time period.

Exercise Price

The cost at which an option's owner is allowed to purchase (for a call option) or sell (for a put option) the underlying asset.