You Sold a Futures Contract on Oats at a Futures

question 72

Multiple Choice

You sold a futures contract on oats at a futures price of 233.75 and at the time of expiration the price was 261.25.What was your profit or loss?

• A)$1375.00
• B)-$1375.00
• C)-$27.50
• D)$27.50
• E)None of the above

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Definitions:

Samples

Small, manageable subsets of a population used in statistical analysis to estimate characteristics of the entire population.

Nonconforming Items

Items that fail to meet the quality standards or specifications required in a production process or delivery.

Distribution

In statistics, the way in which values of a variable or numbers are spread or distributed across possible values or ranges.

R-chart

A control chart used in statistical quality control for monitoring the range of variation within a sample.