Reference: Ref 7-4 (Table: The HP Stock Exchange) The HP Stock Exchange lets members of HP's sales team buy and sell shares that pay off when sales fall within a certain range. A typical security would pay out $1, if and only if future sales fell within the specific range of that share. Accordingly, the trading prices given in the table suggest that the 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.

Question

Reference: Ref 7-4 (Table: The HP Stock Exchange) The HP Stock Exchange lets members of HP's sales team buy and sell shares that pay off when sales fall within a certain range. A typical security would pay out $1, if and only if future sales fell within the specific range of that share. Accordingly, the trading prices given in the table suggest that the 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.

Quizplus · Accepted Answer

The Answer of  Reference: Ref 7-4 (Table: The HP Stock Exchange) The HP Stock Exchange lets members of HP's sales team buy and sell shares that pay off when sales fall within a certain range. A typical security would pay out $1, if and only if future sales fell within the specific range of that share. Accordingly, the trading prices given in the table suggest that the 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.

Reference: Ref 7-4 (Table: the HP Stock Exchange) the HP