-You Sold Three January Silver Futures Contracts at a Quote

question 37

Multiple Choice

-You sold three January silver futures contracts at a quote of 432.8. You closed your position at the opening price of the day. What was your dollar return?

• A) -$7,810
• B) -$7,470
• C) -$7,390
• D) -$7,620
• E) -$7,780

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Definitions:

Sample Size

The number of observations or data points used in a study or experiment.

Confidence Level

The probability with which a statistical estimate can be expected to contain the true parameter value.

Confidence Interval

A band of values calculated from sample statistics, expected to enclose the value of a yet-to-be-identified population parameter.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much individual data points deviate from the mean.