b. You have 19 years of data from 1998 to 2016. Use only 11 years of price data (2006-2016) and estimate the average basis level for each futures contract that would be used in calculating the forward price for the production hedge. Also, calculate the standard deviation of basis from the same data. Show your data and work in a spreadsheet. Use the example below. Follow the rounding rules. Print and attach your spreadsheets. Scale your print job to fit both tables on one page. Futures Price Calendar Cash from contract Year Month Price month MONTH Basis 2006 month S#.## S#.## S#.## 2007 ??? S#.## S#.## S#.## 2016 $#.## S#.# $# # Average Basis S#.## Std. Dev