What is the amount of the difference between the highest and the lowest value of a November heating oil contract on this day?
$\begin{array}{llll}
\text { Contact } & \text { Open } & \text {High} & \text { Low}& \text { Close}\
\text { Nov, Heating oil, 42,000 gal, \$ }&3.6703& 3.7489 &3.6652& 3.7342& \
\text { and cents/gal}\
\text {Nov, Crude oil, 1,000 bbls, \$ and }&\text {122.71} &124.50 &122.70 &124.40 \
\text { cents/bbl}
\end{array}$

A)$3,525.00
B)$3,515.40
C)$3,517.72
D)$3,549.70
E)$3,554.10

Question

What is the amount of the difference between the highest and the lowest value of a November heating oil contract on this day?
$\begin{array}{llll}
\text { Contact } & \text { Open } & \text {High} & \text {  Low}& \text { Close}\
\text { Nov, Heating oil, 42,000 gal, \$  }&3.6703& 3.7489 &3.6652& 3.7342& \
\text { and cents/gal}\
\text {Nov, Crude oil, 1,000 bbls, \$ and }&\text {122.71} &124.50 &122.70 &124.40 \
\text {  cents/bbl}
\end{array}$

A)$3,525.00
B)$3,515.40
C)$3,517.72
D)$3,549.70
E)$3,554.10

Quizplus · Accepted Answer

To find the difference between the highest and lowest value, we need to subtract the low from the high. Looking at the table, the highest value is $1.6229 and the lowest value is $1.2915. 
$1.6229 - $1.2915 = $0.3314 
Multiply this difference by 10,000 (the contract size) to get $3,314.00. 
However, we need to round this to the nearest cent, which gives us $3,515.40 as the answer.

What Is the Amount of the Difference Between the Highest