Answer:
The amount of Kroner that can be bought from 1/5 of one dollar.
Step-by-step explanation:
We have been given that goods that cost 1/5 of one dollar in the U.S. cost one kroner in Denmark. We are asked to find the the real exchange rate that would be computed as how many Danish goods per U.S. goods.
The real exchange rate tells us how much foreign currency can be exchanged for a unit of domestic currency.
It also tells us that how much the goods and services in the domestic country can be exchanged for the goods and services in a foreign country.
Therefore, the real exchange rate would be the amount of Kroner that can be bought from 1/5 of one dollar.
<u>Explanation:</u>
a) First, note that the Type I error refers to a situation where the null hypothesis is rejected when it is actually true. Hence, her null hypothesis would be H0: mean daily demand of her clothes in this region should be greater than or equal to 100.
The implication of Type I error in this case is that Mary <u>rejects</u> that the mean daily demand of her clothes in this region is greater than or equal to 100 when it is actually true.
b) While, the Type II error, in this case, is a situation where Mary accepts the null hypothesis when it is actually false. That is, Mary <u>accepts</u> that the mean daily demand of her clothes in this region is greater than or equal to 100 when it is actually false.
c) The Type I error would be important to Mary because it shows that she'll be having a greater demand (which = more sales) for her products despite erroneously thinking otherwise.
According to the rule of 72, that rate will be 72/33 ≈ 2.18 percent.
Answer:
(1.7x10^13)+(0.8x10^13)
=(1.7x1e+13)+(0.8x1e+13)
=1.7e+13+0.8e+13
=2.5e+13
in actual number it would be 25,000,000,000,000
Step-by-step explanation:
