You would like to lock in the selling price on 60,000 bushels of wheat, which you plan to harvest and deliver to the market in september. the september futures price quote is currently 902΄6. if you write september futures contracts on your wheat, you will be guaranteed a total price of for your crop. each contract is quoted in cents and 1/8 ths of a cent per bushel with a contract size of 5,000 bushels.

For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. complete parts (a) through (c) below. x (cash prize, $) p(x) grand prizegrand prize 0.000000008860.00000000886 200,000 0.000000390.00000039 10,000 0.0000016950.000001695 100 0.0001582930.000158293 7 0.0039114060.003911406 4 0.0080465690.008046569 3 0.012865710.01286571 0 0.975015928140.97501592814 (a) if the grand prize is $13 comma 000 comma 00013,000,000, find and interpret the expected cash prize. if a ticket costs $1, what is your expected profit from one ticket? the expected cash prize is $nothing.