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(Table: the HP Stock Exchange) the HP Stock Exchange Lets

Question 97

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  (Table: The HP Stock Exchange)  The HP Stock Exchange lets members of HP'ssales team buy and sell shares that pay off when sales fall within a certain range. Atypical security would pay out $1, if and only if future sales fell within the specificrange of that share. Accordingly, the trading prices given in the table suggest thatthe probability of selling: A) less than 5,000 is 10 percent. B) more than 15,000 is 40 percent. C) between 10,000 and 15,000 units is at least 20 percent. D) between 15,000 and 25,000 units is 60 percent. (Table: The HP Stock Exchange) The HP Stock Exchange lets members of HP'ssales team buy and sell shares that pay off when sales fall within a certain range. Atypical security would pay out $1, if and only if future sales fell within the specificrange of that share. Accordingly, the trading prices given in the table suggest thatthe probability of selling:


A) less than 5,000 is 10 percent.
B) more than 15,000 is 40 percent.
C) between 10,000 and 15,000 units is at least 20 percent.
D) between 15,000 and 25,000 units is 60 percent.

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