Foreign Sales > 0

Foreign Sales = 0

Hedgers

Non-Hedgers

Hedgers

Non-Hedgers

Mean

2.2049

2.7494

1.5168

3.0863

Variance

1.8422

6.2939

0.3259

16.0668

N

24

17

18

28

Difference in Mean (t-stat) Hedgers-Non-Hedgers

−0.8144

−2.0399