In Order to Currently Trade on the Floor of the NYSE,members

question 42

Multiple Choice

In order to currently trade on the floor of the NYSE,members must:

• A) be registered as a floor trader.
• B) own a seat.
• C) purchase a trading license.
• D) be a specialist.
• E) be designated as a floor broker.

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Definitions:

Test Hypotheses

The process of making an assumption about a population parameter and then using sample data to test whether the assumption holds true.

Margin of Error

A measurement of the maximum expected difference between the true population parameter and a sample estimate of that parameter.

Confidence

In statistics, the degree of certainty or probability that a parameter lies within a specified range of values.

Randomly Sample

A method of selecting a subset of individuals from a population in such a way that each individual has an equal chance of being chosen.