If the Price of a Good in the U

question 5

Multiple Choice

If the price of a good in the U.S.is $10 and the unit of foreign currency is the dinar,in which case is the real exchange rate 5/4?

• A)the foreign price is 4 dinars and the exchange rate is 1/2 dinars per dollar
• B)the foreign price is 5 dinars and the exchange rate is 2.5 dinars per dollar
• C)the foreign price is 4 dinars and the exchange rate is 2 dinars per dollar
• D)the foreign price is 5 dinars and the exchange rate is 2/5 dinars per dollar

Understand and define the null and alternative hypotheses in matched pairs experiments.

Comprehend the concept and execution of matched pairs experimental design.

Calculate and interpret the mean difference and parameter of interest in matched pairs experiments.

Determine the degrees of freedom for t-tests in matched pairs experimental designs.

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