1. The average annual exchange rate between two countries is shown in the table below. Year...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
1. The average annual exchange rate between two countries is shown in the table below. Year Exchange Rate 2008 0.94 2009 0.92 2010 0.97 2011 0.97 2012 0.92 2013 0.85 2014 0.89 2015 0.78 2016 0.77 2017 0.75 2018 0.74 a) Draw a scatterplot by hand, without graphing technology. Include labels on the axis. [3 marks] b) Draw an appropriate line of best fit. Remember that the line does not need to go through the point on the graph. c) Determine the slope, y-intercept, and equation of this line without technology. Refer to the youTube video in the lesson for support. [4 marks] 2. a) Create the same scatterplot using graphing software like Desmos. Include labels on the axis. [3 marks] b) Use the technology to determine the equation of the line of best fit and state the equation below. [2 marks] [1 mark] c) Use Desmos to plot both lines, your line of best fit from #1c) and the one from #2b) on the same graph so that both lines are visible. Place this graph in the space below. Please describe which colour is which line. d) Compare your calculated line (1c) to the computers line (2b). Why do you think one is steeper than the other? Why do you think one line is higher than the other? [2 marks] e) Use both equations to estimate the exchange rate in 2023. [3 marks] 1. The average annual exchange rate between two countries is shown in the table below. Year Exchange Rate 2008 0.94 2009 0.92 2010 0.97 2011 0.97 2012 0.92 2013 0.85 2014 0.89 2015 0.78 2016 0.77 2017 0.75 2018 0.74 a) Draw a scatterplot by hand, without graphing technology. Include labels on the axis. [3 marks] b) Draw an appropriate line of best fit. Remember that the line does not need to go through the point on the graph. c) Determine the slope, y-intercept, and equation of this line without technology. Refer to the youTube video in the lesson for support. [4 marks] 2. a) Create the same scatterplot using graphing software like Desmos. Include labels on the axis. [3 marks] b) Use the technology to determine the equation of the line of best fit and state the equation below. [2 marks] [1 mark] c) Use Desmos to plot both lines, your line of best fit from #1c) and the one from #2b) on the same graph so that both lines are visible. Place this graph in the space below. Please describe which colour is which line. d) Compare your calculated line (1c) to the computers line (2b). Why do you think one is steeper than the other? Why do you think one line is higher than the other? [2 marks] e) Use both equations to estimate the exchange rate in 2023. [3 marks]
Expert Answer:
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
Posted Date:
Students also viewed these mathematics questions
-
In the solved Problem 1 that I have posted, how would you revise your decision if the investment for expansion after one year is estimated at $1 million? You do not have to draw the decision tree for...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
DON'T SUMMARIZE JUST PARAGRAPH OF WHAT YOU THOUGHT/LEARNED CHAPTER 13 - The phrase "garbage in, garbage out" highlights the importance of input controls. If the data entered into a system are...
-
It is an extremely hot and sunny day on Far Rockaway beach. However, there is only one shop selling non-dairy ice cream; the shop is a monopolist retailer of ice cream. There are two types of people...
-
Vincent pays $20,000 for equipment to use in his trade or business. He pays sales tax $800 as result of purchase. Must the $800 sales tax be capitalized as part of the purchase price?
-
The table below contains various values for register $s1. You will be asked to evaluate if there would be overflow for a given operation. Assume that register $s0 = 0x70000000 and $s1 has the value...
-
Derive the first integral of the Lotka-Volterra system, \(a \ln y+d \ln x-\) \(c x-b y=C\).
-
Koontz Company manufactures a number of products. The standards relating to one of these products are shown below, along with actual cost data for May. The production superintendent was pleased when...
-
Capital Budgeting Methods Project S has a cost of $10,000 and is expected to produce benefits (cash flows) of $3,000 per year for 5 years. Project L costs $25,000 and is expected to produce cash...
-
Andy and Marcia Tufts, both age 35, are married with two children and file a joint return. Assume the children do not qualify for the child tax credit (Ch. 9), and the mortgage is not over $750,000....
-
Select only one of the following topics and MAKE an original business report examining the short and long term impact of this key trend on the North American transportation industry. Your report may...
-
The four masses A, B, C and D shown below are to be completely balanced by finding(Solve using graphical and analytical methods);; The magnitude of the masses A and B The angular position of mass D....
-
Consider an additional pressure drop between the tanks' outlet and the injector (i.e., through piping, valves and cooling jacket) to be 10% of the combustion chamber pressure. Moreover, account for a...
-
For each pair of the following second order system specifications obtain the location of the pair of poles in s - plane (a) % OS = 12%. T = 0.6sec. (b) % OS = 10%. Ip = 5sec. (c) T = 7%. T = 3sec. P
-
What is strategy execution? Why is good strategy execution so important? As a part of good strategy execution, why is it important to match the company's strategy and structure? What are some ways to...
-
How do Samsung take advantage of the various aspects of Integrated Marketing? What tools, print media, TV, social networks, do they use??
-
Explain how stocks are valued. Describe the process of putting stocks out for sale to the public Discuss the elements of Common Stock Explain how you calculate the value of Common Stock Discuss the...
-
What are some of the possible sources of information about a company that could be used for determining the companys competitive stance?
-
Comment on the market performance of companies going public, both immediately after the offering has been made and some time later. Relate this to research that has been done in this area.
-
Discuss the changes currently occurring in Canada's financial and regulatory environment.
-
Why must one be careful when using sensitivity analysis?
-
Brown, Cosden & Co., a medium-sized public accounting firm, was engaged to audit Joslin Supply Inc. Several staff were involved in the audit, all of whom had attended the firm's in-house training...
-
Jan Sharpe recently joined the public accounting firm of Spark, Watts, and Wilcox. She quickly established a repu tation for thoroughness and a steadfast dedication to follow ing prescribed auditing...
-
In confirming accounts receivable on December 31, 2001, the auditor found 15 discrepancies between the cus tomer s records and the recorded amounts in the subsidiary ledger. A copy of all...
Study smarter with the SolutionInn App