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The Government Just Released International Exchange Rate Statistics and Reported

question 3

Multiple Choice

The government just released international exchange rate statistics and reported that the real effective exchange rate index for the U.S. dollar vs. the Japanese yen decreased from 105 last year to 95 currently and is expected to fall still further in the coming year. Other things equal, U.S. ________ to/from Japan think this is good news, and U.S. ________ to/from Japan think this is bad news.


Definitions:

Variance

A measure of the dispersion or spread within a set of data points, indicating the average of the squared deviations from the mean.

Median

The middle value in a data set, which separates the higher half from the lower half when the numbers are arranged in order.

Mode

Most frequently occurring score or value of a variable in a set of data.

Range

The difference between the highest and lowest values in a data set, indicating the span of data points.

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