If the Speculator's Predictions Prove Wrong and the Actual Spot

question 26

Multiple Choice

If the speculator's predictions prove wrong and the actual spot rate in 3 months is £0.52 speculator will make a loss of

• A) £20,000
• B) £38,461
• C) SF 20,000
• D) SF 38,461

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Definitions:

Treatment Sum

The total sum of all the values of the outcome variable for a specific treatment level in an experimental design.

Squared Deviations

The squares of the differences between each data point in a data set and the mean of that data set, used in various statistical calculations.

Grand Mean

The grand mean is the mean of means, calculated by taking the average of the mean values from multiple groups or samples within the data.

Population Variances

A measure that indicates the degree to which individuals in a population vary or differ from the mean of the population.