A t-test is any statistical hypothesis test in which the test statistic follows a Student's t-distribution if the null hypothesis is supported.
Currently, 1 USD = 68.08 INR . So, 500 USD = 34032.18 INR. This value may vary due to the following causes : 1. Global economic slowdown: This the major factor which is contributing to both the stock markets and Indian currency fall.
1. How many Indian Rupees does a person need in India to buy the equivalent amount of goods that a person can in the US with $500? If for every $1 in the US, we only need $0.3 in India, for $500, we only need $150. So that in INR would be = â¹ 9600 2. A person has $500. They go to India, exchange that amount to Indian Rupees. How much would that be worth in India relative to what $500 is worth in the US? Ok, so I have $500. By Purchasing Power Parity $0.3 of my money will allow me to buy in India the equivalent of what $1 buys in the US. So we have: $0.3 => $1 $500 = ? It comes out to ~$1667