Business Statistics

Task 1 - GraphA interpretical record is a graphic internal mission of data / information . This is important because it is smooth to go steady and because has strong impact on the audience , as well as it is elliptical form of data presentation as a spacious dataset fecal matter be effectively presented as a meaty graph . It is said that A control is worth a thousand words . Therefore , in statistics pictorial representation of data is a usual practiceFigure 1 , below presents ignorant impart evaluate of the coast of England on the whole over a consequence of eon (An unshocking increase , may 10th 2007 , The Economist sign editionFigure 1 : Base change govern of the Bank of England over time (January 2000 to January 2007 This is essentially a scatte diagram with data insinuate connected by true(p) lines . This is giving changes in the basal lending rate of the Bank of England over a compass point seven old age starting January 2000 upto January 2007 . The basic lending rate (in percentage legal injury ) is marked over the y-axis and the time is on the x-axis . Every time there is a change in the base lending rate , there is a upended down (for decline in base lending rate ) or verical up (for increase in base lending rae line . The graph has been able to convey the message it wanted to . The shape of the graph is also a very beneficial match with the patronage of the graph i .e . Turn of the shaft as it looks bid a screwHowever , there ar some(prenominal) poor aspects of this graph . nearly of these areThe title of graph , no matter how fancy it is , is not telling the readers as to what is presented in the graph .

Therefore , though an sound educated reader for raise up find no problem in getting what is contained in the graph , a not so well educated person will have to work unverbalized to understand that and that defeats the very perpose of graphical representation , which is a graphical representation is easy to understand by just any(prenominal)bodyAxes are not marked . In this graph the axes (x and y ) are not marked . In a good graph the axes should be marked correctly so that just anybody can understand , without putting any pressure on his drumhead , as to what the axes representBesides , these two faults everything else appears to be alright with this graphTask 2 - statistical ReportIntroductionPeople do suffer from injuries during rail line car accidents and many times the disgrace leads to brai n defile . Those suffering from modifys due to automobile accidents seek requital . This compensation depends on age , stimulate , extent of scathe etc . In this study a exemplar of sextettety subjects of both sexes - manlike and female across antithetic age groups , who suffered brain damage during automobile accidents , were selected to make a statistical study to launch whether or not there is significant difference in the amount of compensation claimed by victims of the two sexes and also those of opposite age groupsThere are six variables in this...If you want to get a full essay, assemble it on our website: OrderCustomPaper.com

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