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When the exchange rate S¥/$ was 100,a U.S.firm imports one Toyota automobile at ¥1,000,000 and agrees to make payments 60 days from the day of contract signing.On day 45,the exchange rate value changes to S¥/$ = 80,what would happen to the U.S.import value from this exchange rate change?
Degrees of Freedom
The number of independent values or quantities which can be assigned to a statistical distribution or to determine the distribution's parameter.
Chi-Squared Test Statistic
A value used in chi-squared tests to evaluate how likely observed frequencies of events are to occur under a specific hypothetical distribution.
Expected Value
In probability theory, the sum of all possible outcomes of a particular situation, each multiplied by its likelihood of happening.
Sample Size
Sample size refers to the number of observations or data points collected in a sample from a population for the purpose of statistical analysis.
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