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-Using the Graph Above, If the Demand and Supply of Pounds

question 101

Essay

  -Using the graph above, if the demand and supply of pounds are D1 and S1, identify the equilibrium exchange rate. Explain why a higher or lower exchange rate won't last very long.
-Using the graph above, if the demand and supply of pounds are D1 and S1, identify the equilibrium exchange rate. Explain why a higher or lower exchange rate won't last very long.

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Definitions:

One-tail

Refers to a type of statistical test where the critical area of a distribution is one-sided so that it tests for the possibility of the relationship in one direction.

Two-tail

Refers to a type of statistical test that considers both the lower and upper tails of the distribution to determine significance.

Kruskal-Wallis Test

A non-parametric method for testing whether samples originate from the same distribution, used when the ANOVA assumptions are not met.

Wilcoxon Rank Sum Test

A non-parametric test used to compare two independent groups and determine if there are differences in their population median values.

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