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You Purchased the Following Futures Contract Today at the Settlement

question 13

Essay

You purchased the following futures contract today at the settlement price listed in the Wall Street Journal.Answer the questions below regarding the contract.


Definitions:

Distribution

The way in which something is shared out among a group or spread over an area, or the arrangement of values of a variable showing their observed or theoretical frequency of occurrence.

Variance

A statistical measure of dispersion that shows how much values in a data set differ from the mean.

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of data values from the mean, used to assess the spread of a data distribution.

Statistics

Calculated numbers that summarize data and relationships among variables in a sample.

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