Use the Following Table of Exchange Rates to Solve the Problem

question 30

Multiple Choice

Use the following table of exchange rates to solve the problem. Round your answer when appropriate. $$\begin{array} { l | c | c } \text { Currency } & \text { Dollars per Foreign } & \text { Foreign per Dollar } \\\hline \text { British pound } & 1.624 & 0.6158 \\\text { Canadian dollar } & 1.005 & 0.9950 \\\text { European euro } & 1.320 & 0.7576 \\\text { Japanese yen } & 0.0120 & 83.33 \\\text { Mexican peso } & 0.07855 & 12.73\end{array}$$
-A fresh juice stand in Montreal sells a large glass of orange juice for 4.40 Canadian dollars. If you buy 5 glasses, how much have you spent in (U.S.) dollars?

• A)$29.04
• B)$16.67
• C)$22.11
• D)$21.89

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Definitions:

P-value

A function of the observed sample results in a statistical hypothesis test, representing the probability of obtaining test results at least as extreme as the results actually observed, under the assumption that the null hypothesis is correct.

Speeds

Rates at which an object covers distance, often measured in units like miles per hour or kilometers per hour.

ANOVA Table

A statistical table used to analyze the differences among group means in a sample by comparing variance estimates.

F-ratio

a statistical measure used in the analysis of variance (ANOVA) to compare the variance between groups to the variance within groups.