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A certain cell phone sells for 2400 yuan in China and for $300 in the U.S. The nominal exchange rate is 6.5 yuan per dollar.
A. Find the real exchange rate. Show your work.
B. In terms of dollars where is the cell phone cheaper?
Groups
Collections or sets of subjects or items being studied in which characteristics or outcomes are observed and analyzed.
N or Participants
The total number of individuals or units involved in a study or experiment.
Groups
Collections or sets of individuals or items that are identified or classified together based on shared characteristics or purposes.
F-ratio
Used in analysis of variance, the F-ratio is a measure to assess if the variances between multiple groups are significantly different, based on averages and variability within each group.
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