Given That the Quoted Yield for a 90-Day Dealer's Bill $\$ 98 \quad 989$

question 6

Multiple Choice

Given that the quoted yield for a 90-day dealer's bill is 4.14%,what is the price of the bill,if it has a face value of $100 000?

• A) \( \$ 98 \quad 989 \)
• B) \( \$ 94 \quad 771 \)
• C) \( \$ 95 \quad 372 \)
• D) \( \$ 97 \quad 938 \)

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Definitions:

Sampling Distribution

The chance distribution of a chosen statistic, produced from a sample taken at random.

Standard Deviation

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

Sampling Distribution

The chance distribution of a specified statistic obtained from a random sample, employed for making deductions about the overall population.

Standard Deviation

A statistic that measures the dispersion or variability of a dataset relative to its mean.