If Your Competitive Bid for a Treasury Bill Is Successful,then

question 62

Multiple Choice

If your competitive bid for a Treasury bill is successful,then you will

• A) certainly pay less than if you had submitted a noncompetitive bid.
• B) probably pay more than if you had submitted a noncompetitive bid.
• C) pay the average of prices offered in other successful competitive bids.
• D) pay the same as other successful competitive bidders.

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Definitions:

SAS Proficiency

The level of skill or expertise one has in using the Statistical Analysis System (SAS), a software suite used for advanced analytics, multivariate analysis, business intelligence, and data management.

Ease of Learning

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Expected Counts

The theoretical frequency of occurrences in each category of a contingency table under the assumption of independence in a chi-square test.

Goodness-of-fit Test

A statistical test used to determine how well a statistical model fits a set of observations. It measures the discrepancy between observed values and the values expected under the model in question.