If 1 euro is priced at $1.25 and if 1 euro will also buy 88 Japanese yen (€1 = ¥88), in equilibrium, with no arbitrage opportuni
1 answer:
Answer:
So the exchange rate is that each dollar is worth 70.4 yens.
Step-by-step explanation:
We have that:
1 euro is priced at $1.25
1 euro will also buy 88 Japanese yen
This also means that:
$1.25 is priced at 88 Japanese yen
How much is the cross rate between the yen and the dollar (yen per dollar exchange rate)?
How much yens is 1 dollar?
This can be solved by a simple rule of three.
$1.25 - 88 yen
$1 - x yen
So the exchange rate is that each dollar is worth 70.4 yens.
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Look at the picture.
1)|AM| = |MB| = x
|AN| = |NC| = y
|BC| = 2y - 2x = 2(y - x)
|MN| = y - x
Therefore |BC| = 2|MN|
2)|AM| = |MB| = x
|AN| = |NC| = y
|BC| = 2y - 2x = 2(y - x)
|MN| = y - x
Therefore |BC| = 2|MN|
1)|AM| = |MB| = x
|AN| = |NC| = y
|BC| = 2y - 2x = 2(y - x)
|MN| = y - x
Therefore |BC| = 2|MN|
2)|AM| = |MB| = x
|AN| = |NC| = y
|BC| = 2y - 2x = 2(y - x)
|MN| = y - x
Therefore |BC| = 2|MN|
Answer:
a) X: number of years of education
b) Sample mean = 13.5, Sample standard deviation = 0.4
c) Sample mean = 13.5, Sample standard deviation = 0.2
d) Decrease the sample standard deviation
Step-by-step explanation:
We are given the following in the question:
Mean, μ = 13.5 years
Standard deviation,σ = 2.8 years
a) random variable X
X: number of years of education
Central limit theorem:
If large random samples are drawn from population with mean and standard deviation
, then the distribution of sample mean will be normally distributed with mean
and standard deviation
b) mean and the standard for a random sample of size 49
c) mean and the standard for a random sample of size 196
d) Effect of increasing n
As the sample size increases, the standard error that is the sample standard deviation decreases. Thus, quadrupling sample size will half the standard deviation.