If the Exchange Rate Changes from C$1

question 169

Multiple Choice

If the exchange rate changes from C$1.50 per U.S. dollar to C$1.67 per U.S. dollar

• A) the U.S. dollar has appreciated.
• B) the U.S. dollar has depreciated.
• C) Canadian tourists planning a trip to the United States will be pleased.
• D) U.S. tourists planning a trip to Canada will be displeased.

---

Definitions:

Median

The central number that splits a dataset into two equal parts, distinguishing the upper half from the lower half.

Ogive

A graphical representation of the cumulative frequency or cumulative relative frequency on a graph, often used in statistics.

IQR

The interquartile range (IQR) is a measure of statistical dispersion, representing the difference between the 75th (upper quartile) and 25th (lower quartile) percentiles of a data set.

Median

The median is the central number in a sequence of values, dividing the higher half and the lower half of the data set.