The Latvian Currency,the Lat,is Pegged to the Euro at a Rate

question 28

Multiple Choice

The Latvian currency,the lat,is pegged to the euro at a rate of 0.71 lats to the euro.At the pegged exchange rate,how many euros would be exchanged for one lat?

• A)0.29
• B)0.71
• C)1.41
• D)1.71

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Definitions:

Variance

A statistical measurement of the spread between numbers in a data set, representing how much the numbers differ from the average of the numbers.

Measures of Central Tendency

Statistical indices that describe the center point or typical value of a dataset, including the mean, median, and mode.

Measures of Variability

Statistics that describe the dispersion or spread of data points within a dataset, including range, variance, and standard deviation.

Exclusive Range

A range in mathematics and statistics that includes the start point and the end point, but not the extremes themselves.