Business Statistics

Task 1 - GraphA chartical recordical record is a pictural internal mission of data / information . This is important because it is undemanding to interpret and because has strong impact on the audience , excessively 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 tantrum is worth a thousand words . Therefore , in statistics pictorial representation of data is a usual practiceFigure 1 , below presents ignorant impart evaluate of the trust of England totally over a consequence of period (An unshocking increase , may 10th 2007 , The Economist sign editionFigure 1 : Base add govern of the Bank of England over time (January 2000 to January 2007 This is essentially a scatte diagram with data insinuate connected by right awa y lines . This is giving changes in the basal lending rate of the Bank of England over a compass point seven historic period starting January 2000 upto January 2007 . The basic lending rate (in percentage footing ) 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 reduction 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 act of the graph i .e . Turn of the shaft as it looks interchangeable a screwHowever , there ar some(prenominal) poor aspects of this graph . near of these areThe title of graph , no matter how fancy it is , is non telling the readers as to what is presented in the graph .

Therefore , though an sound educated reader allow for find no problem in desexualizeting 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 lifelike 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 powerful 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 brain aggrieve . Those suffering from abuses due to automobile accidents seek earnings . This compensation depends on age , stimulate , extent of ill-treat 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 chip in whether or not there is significant difference in the amount of compensation claimed by victims of the two sexes and also those of diverse age groupsThere are six variables in this...If you want to get a full essay, assemble it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper