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Read the Closing Case "The Growing Trade in Growing Grapes" at the end of Chapter 6 and respond to the following questions stemming from the case: 1. Why are French wines able to command a price premium in export markets? Explain. 2. Should the U.S. government adopt an AOC system to ensure the quality of U.S. wines destined for export markets? Explain. The case begins at the bottom of the first page.
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Can international businesses operate more easily in a fixed exchange rate system or in a flexible exchange rate system? Explain.
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Go to this website: http://easycalculation.com/statistics/correlation.php You can enter data here to perform a correlation calculation! Take measurements of everyday objects that you think will be correlated – for example, open your vegetable drawer and measure the lengths and widths of carrots! Type in your data into the correlation calculator and find out the pearson r value. Write a paragraph summarizing your process and its results. Give an interpretation of the r value that is generated. You can even square the r value in your computer's calculator (or a handheld calculator) and tell me the percentage of variability accounted for! ************************************************************ Assignment 18: Once again, take some measurements of similar things around you. You'll want to get at least 20 objects. Measure two dimensions of the objects. Plug the measurements into this online free regression calculator: http://easycalculation.com/statistics/regression.php Use the regression equation (y = slope*x + y-intercept) to make a prediction about other objects that you haven't measured yet. That is, use the X value of three new objects in that equation to find the predicted y value. Write a paragraph about your process and tell me how well the regression equation did at predicting the y value of the new objects.
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