The accompanying table lists the foreign exchange rate between U.S. dollars and British pounds (GBP) during May 2020. Of the dates in the table, 05- would have been the best day for converting US $500 into British pounds and 05- would have been the worst day for converting US $500 into British pounds. (Type whole numbers.) The difference in pounds between these two dates would be £. (Round to two decimal places as needed.) Date 05-01 05-02 05-03 05-04 05-05 05-08 05-09 05-10 05-11 05-12 05-15 $/£ 1.2917 1.2921 1.2916 1.2910 1.2950 1.2942 1.2939 1.2939 1.2885 1.2880 1.2917 Date 05-16 05-17 05-18 05-19 05-22 05-23 05-24 05-25 05-26 05-30 05-31 $/£ 1.2912 1.2944 1.3009 1.3018 1.3006 1.2984 1.2935 1.2954 1.2795 1.2858 1.2905

The accompanying table lists the foreign exchange rate between U.S. dollars and British pounds (GBP) during May 2020. Of the dates in the table, 05- would have been the best day for converting US $500 into British pounds and 05- would have been the worst day for converting US $500 into British pounds. (Type whole numbers.) The difference in pounds between these two dates would be £. (Round to two decimal places as needed.) Date 05-01 05-02 05-03 05-04 05-05 05-08 05-09 05-10 05-11 05-12 05-15 $/£ 1.2917 1.2921 1.2916 1.2910 1.2950 1.2942 1.2939 1.2939 1.2885 1.2880 1.2917 Date 05-16 05-17 05-18 05-19 05-22 05-23 05-24 05-25 05-26 05-30 05-31 $/£ 1.2912 1.2944 1.3009 1.3018 1.3006 1.2984 1.2935 1.2954 1.2795 1.2858 1.2905

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Answer only part b
As per attached file
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