Suppose the Dollar- Yen Foreign Exchange Rate Changes from 140

question 3

Multiple Choice

Suppose the dollar- yen foreign exchange rate changes from 140 yen per dollar to 130 yen per dollar.Then the yen has

• A)appreciated against the dollar, and the dollar has depreciated against the yen.
• B)appreciated against the dollar, and the dollar has appreciated against the yen.
• C)depreciated against the dollar, and the dollar has appreciated against the yen.
• D)neither appreciated nor depreciated, but the dollar has depreciated against the yen.
• E)depreciated against the dollar, and the dollar has depreciated against the yen.

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Definitions:

Selection Bias

A distortion of statistical analysis results caused by the method of collecting samples that is not representative of the entire population being studied.

Literary Digest

A general interest magazine in the United States that published from 1890 to 1938, known for its failed prediction of the 1936 presidential election.

Probability Sampling

A method of sampling that utilizes random selection procedures to ensure every member of a population has an equal chance of being included in the sample.

Margin Of Error

A measure in survey research, indicating the range within which the true value (for example, percentage of population holding a certain opinion) lies with a certain level of confidence.