If the Importing Bank's Acceptance Commission Is 1

question 12

Multiple Choice

If the importing bank's acceptance commission is 1.25 percent,determine the amount the exporter will receive if he holds the B/A until maturity.(Assume 360 days in a year)

• A) $2,945,625.
• B) $2,990,625.
• C) $3,000,000.
• D) $3,009,375.

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Definitions:

One-Tail Test

A statistical hypothesis test in which the region of rejection is on only one side of the sampling distribution.

Test-Statistic

A value computed from sample data during a hypothesis test, used to determine whether to reject the null hypothesis.

P-Value

The probability, under the null hypothesis, of obtaining a result equal to or more extreme than what was actually observed.

Null Hypothesis

An assertion for statistical testing that presupposes no significant difference or correlation between specified groups or variables.