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International Business: The Swiss Franc ( CHF ) is the currency and legal tender of Switzerland and Liechtenstein. USD / CHF is one of the
International Business: The Swiss Franc CHF is the currency and legal tender of Switzerland and Liechtenstein. USDCHF is one of the world's most popular currency pairs to trade and there is a very strong and consistent global demand for both currencies. As such, there is significant liquidity available when trading USDCHF meaning that you can pretty much trade in realtime without any need to wait. The US dollar, as the world's de facto global reserve currency and the currency in which the majority of foreign debt is held, is a central currency in virtually every aspect of foreign exchange trading. Meanwhile, the Swiss Franc is the world's th most widely held reserve currency and the official currency of one of the most important global epicenters of banking and finance. The USDCHF currency pair describes the current exchange rate between the US dollar and the Swiss Franc. More specifically, USDCHF indicates how many Swiss Francs it costs to purchase a single US dollar on the global marketplace. For example, if USDCHF is trading at then it costs Francs to buy one dollar. In this case, the Swiss Franc is stronger than the dollar A currency is classified as strong when it is worth more than another country's currency On the other hand, if USDCHF is trading at for example, then it costs Francs to buy one dollar. In this case, the Swiss Franc is weaker than the dollar. The USDCHF daily closing rates for the last five years follow a normal distribution with a mean of points and a standard deviation of points. a What does independence mean in a statistical sense in the context of a probability experiment? Select all that apply. The outcome of one trial does not influence the outcome of another trial. The occurrence of one outcome does not determine the occurrence of another outcome. The occurrence of one outcome precludes the occurrence of another outcome. Two events are independent if knowing one event occurred means that the other event cannot occur: The probability of both trials occurring at the same time is zero. Two events a independent if knowing one event occurred doesn't change the probability of the other event. Do you think that USDCHF closing rates are independent? Why or why not? Select all that apply. Because trading days are independent and disjoint. Do you think that USDCHF closing rates are independent? Why or why not? Select all that apply. Because trading days are independent and disjoint. Because these data can be thought of as a time series and times series data are most often correlated through time. Because these data can be thought of as crosssectional and crosssectional data are collected at a single time point. No Yes Because on any given day, trading begins at the closing rate of the previous day. proceed with this analysis assuming that independence is NOT an issue. b What proportion of USDCHF closing rates are below points? Round your answer to four decimal places All other things being equal which is a BIG assumption in this context how many closing rates should we expect to be below points in the next day period? Round your answer to two decimal places c What is the probability that the USDCHF closing rate for any given day is greater than points? Round your answer to four decimal places All other things being equal which is a BIG assumption in this context how many closing rates should we expect to be greater than points in the next day period? Round your answer to two decimal places d The middle of the closing rates fall between: Round your answers to two decimal places and Enter the lower value first. What is the IQR? Round your answer to two decimal places Interpret the interquartile range Select all that apply. Measures the location of a quantitative variable A measure of dissimilarity The difference between the largest and smallest values Measures the spread of the middle of the sorted data A measure of similarity A measure of dispersion The difference between the st and nd quartiles The total distance the values of a quantitative variable span from end to end ie from smallest to largest A measure of central tendency e What is the probability that the USDCHF closing rate for any given day is between and Round your answer to four decimal places What is the th percentile? Round your answer to the nearest cent What percent of closing rates fall between and Round your answer to two decimal places e What is the probability that the USDCHF closing rate for any given day is between and Round your ans to four decimal places What is the th percentile? Round your answer to the nearest cent What percent of closing rates fall between and Round your answer to two decimal places What is
International Business: The Swiss Franc CHF is the currency and legal tender of Switzerland and Liechtenstein. USDCHF is one of the world's most popular currency pairs to trade and there is a very strong and consistent global demand for both currencies. As such, there is significant liquidity available when trading USDCHF meaning that you can pretty much trade in realtime without any need to wait.
The US dollar, as the world's de facto global reserve currency and the currency in which the majority of foreign debt is held, is a central currency in virtually every aspect of foreign exchange trading. Meanwhile, the Swiss Franc is the world's th most widely held reserve currency and the official currency of one of the most important global epicenters of banking and finance.
The USDCHF currency pair describes the current exchange rate between the US dollar and the Swiss Franc. More specifically, USDCHF indicates how many Swiss Francs it costs to purchase a single US dollar on the global marketplace. For example, if USDCHF is trading at then it costs Francs to buy one dollar. In this case, the Swiss Franc is stronger than the dollar A currency is classified as strong when it is worth more than another country's currency On the other hand, if USDCHF is trading at for example, then it costs Francs to buy one dollar. In this case, the Swiss Franc is weaker than the dollar.
The USDCHF daily closing rates for the last five years follow a normal distribution with a mean of points and a standard deviation of points.
a What does independence mean in a statistical sense in the context of a probability experiment? Select all that apply.
The outcome of one trial does not influence the outcome of another trial.
The occurrence of one outcome does not determine the occurrence of another outcome.
The occurrence of one outcome precludes the occurrence of another outcome.
Two events are independent if knowing one event occurred means that the other event cannot occur:
The probability of both trials occurring at the same time is zero.
Two events a independent if knowing one event occurred doesn't change the probability of the other event.
Do you think that USDCHF closing rates are independent? Why or why not? Select all that apply.
Because trading days are independent and disjoint.
Do you think that USDCHF closing rates are independent? Why or why not? Select all that apply.
Because trading days are independent and disjoint.
Because these data can be thought of as a time series and times series data are most often correlated through time.
Because these data can be thought of as crosssectional and crosssectional data are collected at a single time point.
No
Yes
Because on any given day, trading begins at the closing rate of the previous day.
proceed with this analysis assuming that independence is NOT an issue.
b What proportion of USDCHF closing rates are below points? Round your answer to four decimal places
All other things being equal which is a BIG assumption in this context how many closing rates should we expect to be below points in the next day period? Round your answer to two decimal places
c What is the probability that the USDCHF closing rate for any given day is greater than points? Round your answer to four decimal places
All other things being equal which is a BIG assumption in this context how many closing rates should we expect to be greater than points in the next day period? Round your answer to two decimal places
d The middle of the closing rates fall between: Round your answers to two decimal places
and
Enter the lower value first.
What is the IQR? Round your answer to two decimal places
Interpret the interquartile range Select all that apply.
Measures the location of a quantitative variable
A measure of dissimilarity
The difference between the largest and smallest values
Measures the spread of the middle of the sorted data
A measure of similarity
A measure of dispersion
The difference between the st and nd quartiles
The total distance the values of a quantitative variable span from end to end ie from smallest to largest
A measure of central tendency
e What is the probability that the USDCHF closing rate for any given day is between and Round your answer to four decimal places
What is the th percentile? Round your answer to the nearest cent
What percent of closing rates fall between and Round your answer to two decimal places
e What is the probability that the USDCHF closing rate for any given day is between and Round your ans to four decimal places
What is the th percentile? Round your answer to the nearest cent
What percent of closing rates fall between and Round your answer to two decimal places
What is
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