With the S&P/ASX 200 Index Currently at 6200 and Next

question 22

True/False

With the S&P/ASX 200 index currently at 6200 and next month's SPI futures contracts trading at 6300, a position in 7 SPI contracts that expire next month has a total value of $1 085 000.

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Definitions:

Standard Deviation

An indicator of the degree of spread or scatter of a collection of numbers, showing the extent to which these numbers differ from their average value.

Error of Estimation

The error of estimation, often referred to as the margin of error, quantifies the uncertainty associated with estimating population parameters based on sample statistics.

Sample Size

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

Population Standard Deviation

A measure of the dispersion of a set of data from its mean, considering the entire population.