Examlex

Solved

Suppose the Exchange Rate in the Year 2014 Was 5

question 62

Multiple Choice

Suppose the exchange rate in the year 2014 was 5 yuan per dollar and in 2015 the exchange rate fell to 4 yuan per dollar.If the price of a Chinese jumper was 120 yuan in both years,the new dollar price in 2015 would be ________ and imports of Chinese jumpers would ________.


Definitions:

Null Hypotheses

A hypothesis that stipulates there is no statistical significance between the specified sets of data or that any observed differences are due to chance.

Independent Variable

The variable in an experiment or study that is manipulated to observe its effect on the dependent variable.

Dependent Variable

The variable in an experiment or study that is expected to change as a result of variations in the independent variable.

Regression Analysis

A comprehensive statistical approach for modeling the relationship between a dependent variable and one or more independent variables, encompassing various techniques for analyzing and interpreting multiple data variables.

Related Questions