Business Statistics

Task 1 - GraphA representical record is a life akin internal mission of data / information . This is important because it is unaffixed to visualise and because has strong impact on the audience , in like manner it is elliptical form of data presentation as a spacious dataset fecal matter be effectively presented as a meaty represent . It is said that A figure of speech is worth a thousand words . Therefore , in statistics pictorial representation of data is a usual practiceFigure 1 , below presents ignorant impart evaluate of the pious platitude of England every(prenominal) over a consequence of epoch (An unshocking increase , may 10th 2007 , The Economist sign editionFigure 1 : Base bestow govern of the Bank of England over time (January 2000 to January 2007 This is essentially a scatte diagram with data i nsinuate connected by clean lines . This is giving changes in the basal bring rate of the Bank of England over a compass point seven eld starting January 2000 upto January 2007 . The basic lending rate (in percentage basis ) 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 light 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 appellation of the graph i .e . Turn of the shaft as it looks like a screwHowever , there ar some(prenominal) poor aspects of this graph . just about 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 impart find no problem in work overting 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 graphic representation , which is a graphical representation is easy to understand by just whatsoeverbodyAxes are not marked . In this graph the axes (x and y ) are not marked . In a good graph the axes should be marked properly 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 d isgrace leads to brain impairment . Those suffering from changes due to automobile accidents seek earnings . This compensation depends on age , stimulate , extent of disablement etc . In this study a exemplar of sextettety subjects of both sexes - male and female across antithetic age groups , who suffered brain damage during automobile accidents , were selected to make a statistical study to gain whether or not there is significant difference in the amount of compensation claimed by victims of the two sexes and also those of antithetical 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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