Use the Table for the Question(s)below

question 5

Multiple Choice

Use the table for the question(s) below.

-Suppose oil futures prices are as given in the above table (price per barrel) .Suppose you sell 100 crude oil futures contracts,each for 1000 barrels of crude oil,at the current futures price of $108 per barrel on day 0.What is your cumulative profit/loss in your margin account by the end of day 5?

• A)-$300,000
• B)$300,000
• C)$400,000
• D)-$400,000
• E)$0

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Definitions:

Sufficiently Large Sample

A sample size that is adequately large enough to accurately represent the population from which it was drawn, improving the reliability and validity of statistical results.

Research Process

A systematic sequence of steps undertaken to collect and analyze information to increase our understanding of a topic or issue, involving stages such as question formulation, hypothesis development, data collection, and analysis.

Independent Variables

The variable in an experiment that is manipulated or changed to observe its effects on the dependent variable.

Study

The act of devoting time and attention to acquiring knowledge on a subject, through reading, investigation, or practice.