Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

cpy these figures in excel sheet Use the following link to a larger data set, the daily average of the Canadian Dollar - European Euro

cpy these figures in excel sheet

Use the following link to a larger data set, the daily average of the Canadian Dollar - European Euro exchange rate from Jan 1st 2020 to Oct 9th 2021. Weekends and holidays are excluded.

Considering the size of the dataset, I suggest calculating in Excel.

https://mycbu-my.sharepoint.com/:x:/g/personal/adam_brown_cbu_ca/EY1Q7R_5Hq5FsYW1kZZ8ODQB28ssi_kjngiRnMMPfyK6LQ?e=I3hbPi

Calculate the following. Consider this a sample. Use 4 decimal places.

Answer Mean
Answer Median
Answer Range

Answer

Standard Deviation

Questions about modal characteristics:

Does this data have a mode or is every value unique? AnswerNo ModeHas a Mode

If it has a mode, does it have one mode (unimodal), 2 modes (bimodal), or more than two modes (multimodal)?

Unimodal

Bimodal

Multimodal

N/A

Calculating modes:

If this data has multiple modes, how many modes does it have? Answer

What is the lowest modal value? Answer

What is the highest modal value? Answer

Take the arithmetic mean of any and all modes in this data. Answer

How to calculate modes (hints for above)

Are the Excel functionsMODE.SNGLE and MODEefficient choices to help you answer a question about multiple modes?

AnswerNoProbably NotYes

While UNIQUE and COUNTIF can be useful, what is the most direct function to find multiple modes? AnswerTHROW.DARTROMANMODE.MULT

Do you know how to use array functions in Excel? AnswerYes, I learned it for this question (Google, YouTube, etc.)Yes, I already didNo, I used a more painful method to find the modes (don't pick this answer)

Probability

What is the probability of selecting a day when the exchange rate was greaterthan the median? Answer

What is the probability of selecting a day when the exchange rate wasgreater than the mean? Answer

How does this data appear to be distributed? AnswerNormallyUniformlyHypergeometricallyNone of the Above

*Hint appear, you should be able to avoid further calculations. You might graph it, make a histogram, or consider the measures of centre that you have found.

European Euro, daily average, exchange rate with Canadian Dollar
Jan 1st 2020 - Oct 9th 2021
1.452
1.4497
1.4515
1.4502
1.448
1.4526
1.4504
1.4528
1.453
1.4554
1.4532
1.4493
1.4471
1.4502
1.4541
1.4533
1.4493
1.4525
1.4509
1.452
1.4579
1.4653
1.4681
1.4662
1.4622
1.4596
1.4574
1.4548
1.451
1.4431
1.4378
1.4368
1.4326
1.4282
1.4312
1.4341
1.4407
1.4431
1.4476
1.4672
1.4766
1.489
1.4912
1.4902
1.5021
1.5187
1.5559
1.5571
1.5531
1.544
1.543
1.5574
1.5574
1.5772
1.5555
1.5327
1.5584
1.5634
1.5495
1.5487
1.5525
1.5613
1.5584
1.5538
1.5396
1.5267
1.5251
1.5245
1.5254
1.5277
1.5209
1.5253
1.536
1.5331
1.5262
1.5308
1.5412
1.5335
1.5185
1.5215
1.5227
1.5159
1.5117
1.5186
1.5453
1.5371
1.5225
1.5264
1.5141
1.5109
1.5156
1.5221
1.5255
1.5206
1.5248
1.5196
1.5254
1.5281
1.5272
1.524
1.5154
1.5144
1.5224
1.5314
1.5162
1.5101
1.5161
1.5279
1.5174
1.5121
1.5216
1.5225
1.5384
1.5309
1.5348
1.5279
1.5223
1.5238
1.5221
1.5236
1.5303
1.5316
1.5308
1.5345
1.5389
1.5305
1.5279
1.5247
1.5326
1.5337
1.5332
1.5328
1.5367
1.5407
1.5513
1.5453
1.545
1.552
1.5488
1.5452
1.554
1.5526
1.5608
1.5723
1.5682
1.5721
1.5851
1.5831
1.5732
1.5751
1.5764
1.5765
1.5701
1.564
1.5626
1.5628
1.5678
1.5671
1.5718
1.5668
1.5633
1.5552
1.5599
1.5598
1.5544
1.5512
1.5576
1.5573
1.5592
1.547
1.5537
1.5478
1.5552
1.5552
1.5617
1.5612
1.5641
1.5622
1.5583
1.5603
1.5628
1.5624
1.5599
1.5599
1.5591
1.5575
1.5602
1.5705
1.5631
1.5612
1.5593
1.5631
1.5637
1.5623
1.5537
1.5524
1.5432
1.5447
1.5479
1.5465
1.551
1.5536
1.5571
1.5538
1.5568
1.5598
1.5568
1.5619
1.5586
1.5533
1.5421
1.5396
1.5391
1.5428
1.549
1.5357
1.538
1.5491
1.5548
1.5489
1.5541
1.55
1.5499
1.5503
1.5501
1.5473
1.5487
1.5494
1.5516
1.5509
1.5578
1.5635
1.5649
1.5548
1.553
1.5513
1.5472
1.5442
1.5472
1.5501
1.546
1.5532
1.5589
1.5638
1.5707
1.573
1.5669
1.5644
1.5688
1.5691
1.5608
1.5641
1.5611
1.5614
1.5589
1.5545
1.5549
1.5514
1.5459
1.5365
1.5393
1.5408
1.5443
1.5319
1.5347
1.5475
1.5463
1.5446
1.546
1.5535
1.5513
1.5487
1.5416
1.5368
1.5358
1.537
1.5363
1.5395
1.5392
1.5392
1.5396
1.5363
1.5305
1.5338
1.5293
1.533
1.5312
1.5234
1.5299
1.5348
1.5253
1.5234
1.524
1.5179
1.5098
1.5017
1.5028
1.5049
1.5033
1.4919
1.4883
1.4831
1.4858
1.4853
1.488
1.493
1.4908
1.4856
1.4858
1.4831
1.483
1.4808
1.4759
1.4781
1.4783
1.4879
1.4994
1.4977
1.492
1.4952
1.4984
1.5004
1.4998
1.4979
1.5063
1.5133
1.5056
1.5023
1.508
1.4997
1.4985
1.4941
1.4897
1.4798
1.4808
1.4803
1.4726
1.4708
1.4761
1.4707
1.471
1.462
1.4677
1.4697
1.468
1.4724
1.477
1.4744
1.4694
1.4767
1.4784
1.4723
1.4723
1.4749
1.4729
1.4709
1.4688
1.47
1.4713
1.4734
1.4741
1.4723
1.4709
1.4718
1.4774
1.4747
1.4711
1.4746
1.4741
1.4726
1.4675
1.4699
1.4685
1.4709
1.4733
1.4699
1.4638
1.4646
1.4718
1.4727
1.4855
1.4806
1.4789
1.4773
1.4778
1.4847
1.4869
1.5054
1.4988
1.4842
1.4804
1.4799
1.4813
1.4872
1.4839
1.4797
1.4788
1.4889
1.4867
1.4796
1.4768
1.4763
1.4695
1.4681
1.4692
1.4752
1.4803
1.4799
1.4789
1.495
1.5025
1.4886
1.4813
1.4832
1.4873
1.489
1.4867
1.4906
1.4932
1.4914
1.488
1.4954
1.4984
1.4965
1.4934
1.4942
1.4966
1.4945
1.4904
1.4937
1.5039
1.5013
1.4961
1.4854
1.4854
1.4788
1.4811
1.4801
1.4676
1.4627
1.4587
1.4563

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Accounting A Practical Approach

Authors: Jeffrey Slater

12th edition

978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233

Students also viewed these Mathematics questions