Homework Help is Here – Start Your Trial Now!
Math
Statistics
using this type of graph is important in business

using this type of graph is important in business

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
See similar textbooks
icon
Related questions
Question

create a Scatter plot using the attached information and explain why using this type of graph is important in business

J$: US$ $160 $155 $150 $145 $140 $135 $130 $125 $120 $115 $110 Jan/21 Feb/21 Exchange Rate Movements Mar/21 Apr/21 O May/21 Jun/21 Foreign Exchange For the year 2021, the foreign exchange market observed a continuation of two- way movements in the exchange rate, where the dollar experienced upswings and then trended downwards. The market was also influenced by Government interven- tion through the BOJ. The maximum monthly average exchange rate recorded in 2021 was J$156.31: US$1 in November, while the lowest exchange rate recorded for the Jul/21 Aug/21 Sep/21 Oct/21 Nov/21 Dec/21 year was J$145.39: US$1 recorded in Janu- ary. The average monthly exchange rate for the year was J$151.49: US$1 with the rate depreciating for 2021 by 7.44%. The BOJ believes that the increase in interest rates, along with the other measures, will temper the demand for foreign currency and hence moderate the pace of depreciation in the exchange rate.
Transcribed Image Text:J$: US$ $160 $155 $150 $145 $140 $135 $130 $125 $120 $115 $110 Jan/21 Feb/21 Exchange Rate Movements Mar/21 Apr/21 O May/21 Jun/21 Foreign Exchange For the year 2021, the foreign exchange market observed a continuation of two- way movements in the exchange rate, where the dollar experienced upswings and then trended downwards. The market was also influenced by Government interven- tion through the BOJ. The maximum monthly average exchange rate recorded in 2021 was J$156.31: US$1 in November, while the lowest exchange rate recorded for the Jul/21 Aug/21 Sep/21 Oct/21 Nov/21 Dec/21 year was J$145.39: US$1 recorded in Janu- ary. The average monthly exchange rate for the year was J$151.49: US$1 with the rate depreciating for 2021 by 7.44%. The BOJ believes that the increase in interest rates, along with the other measures, will temper the demand for foreign currency and hence moderate the pace of depreciation in the exchange rate.
Expert Solution
steps

Step by step

Solved in 2 steps with 4 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman
SEE MORE TEXTBOOKS