What Is the Amount of the Difference Between the Highest

question 73

Multiple Choice

What is the amount of the difference between the highest and the lowest value of a November crude oil contract on this day?

• A) $179
• B) $180
• C) $1,690
• D) $1,800
• E) $2,200

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Definitions:

Profits

The financial gain obtained when the revenues from business activities exceed the expenses, costs, and taxes associated with the operation.

Exponential Smoothing

A time series forecasting method for smoothing data points by assigning exponentially decreasing weights over time.

Trend Adjustment

A statistical technique used to correct or adjust data to account for systematic patterns or trends over time, improving the accuracy of forecasts.

Alpha

Often refers to the coefficient in statistical models representing the intercept or in finance, a measure of investment performance on a risk-adjusted basis.