The following data show the monthly exchange rates for U.S. dollars in terms of 1 euro from
Question:
The following data show the monthly exchange rates for U.S. dollars in terms of 1 euro from January 2016 to December 2017. The data can also be found in the Excel file Euro Dollar Exchange Rate.xls.
a. Calculate the mean.
b. Calculate the median.
c. Determine the mode.
d. Which of these three measurements would best describe the central tendency of the data?
e. Describe the shape of this distribution.
Transcribed Image Text:
2017-01 1.0635 2016-01 1.0855 2017-02 1.0650 2016-02 1.1092 2017-03 1.0691 2016-03 1.1134 2017-04 1.0714 2016-04 1.1346 2017-05 1.1050 2016-05 1.1312 2017-06 1.1233 2016-06 1.1232 2017-07 1.1530 2016-07 1.1055 2017-08 1.1813 2016-08 1.1207 2017-09 1.1913 2016-09 1.1218 2017-10 1.1755 2016-10 1.1014 2017-11 1.1743 2016-11 1.0792 2017-12 1.1836 2016-12 1.0545
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