Answer:
The gain is of $17.50
Step-by-step explanation:
When you buy the bond the exchange rate is $1.50 = £1.
You pay £45 = =$67.50 for the British bond.
No, you sell the bond for £50 and the exchange rate is $1.70 = £1.
So, you earned dollars
Your gain is = $17.50
Answer:
The value of the test statistic is
Step-by-step explanation:
The null hypothesis is:
The alternate hypotesis is:
Our test statistic is:
In which X is the sample mean, is the value tested at the null hypothesis,
is the standard deviation(square roof of the variance) and n is the size of the sample.
In this problem, we have that:
So
The value of the test statistic is