The Accompanying Relative Frequency Distribution Represents the Last Year Car

question 1

Multiple Choice

The accompanying relative frequency distribution represents the last year car sales for the sales force at Kelly's Mega Used Car Center. If Kelly's employs 100 salespeople, how many of these salespeople have sold at least 45 but fewer than 65 cars in the last year?

• A) 15
• B) 31
• C) 40
• D) 46

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Definitions:

Strike Price

The predetermined price at which someone holding an option has the right to purchase (if it is a call option) or sell (if it is a put option) the specific asset or commodity.

Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy a stock, bond, commodity, or other assets at a specified price within a specific time period.

Exercise Price

The specified price at which the holder of an option can buy or sell the underlying security.

Risk-Free Rate Of Return

The theoretical rate of return of an investment with zero risk of financial loss, often represented by the yield of government bonds.