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FIN60003 Business Modelling and Statistics
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Swinburne University of Technology
Business Modelling and Statistics (FIN60003)
Added on 2020-05-08
FIN60003 Business Modelling and Statistics
Swinburne University of Technology
Business Modelling and Statistics (FIN60003)
Added on 2020-05-08
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Running head: BUSINESS MODELING AND STATISTICSBusiness Modelling and StatisticsName of the studentName of the universityAuthor’s note
1BUSINESS MODELING AND STATISTICSExecutive StatisticsIn the present we analysed the data of Social Progress Index. The data of 70 countries wasanalysed. From the analysis it is found that Child Mortality rate is decreasing. In addition deathdue to Household air pollution is also decreasing. There is an increase in the Adult Literacy rates.For most of the countries the Life Expectancy at 60 is constant. There is also an increase in theFreedom of Expression. There is significant difference in Average Adult Literacy Rate forEuropean and African Countries. There is significant difference in Freedom of Expression forAsian and American Countries. However there is no significant difference in Life Expectancy at60 for American and European Countries. There is a high amount of correlation between Lifeexpectancy at 60 and Household air pollution and attributable deaths. There is a poor relationbetween Freedom of Expression and Adult Literacy Rate.
2BUSINESS MODELING AND STATISTICSTable of ContentsIntroduction......................................................................................................................................4Analysis...........................................................................................................................................4Descriptive Statistics....................................................................................................................4Continent..................................................................................................................................4Child mortality rate..................................................................................................................4Household air pollution attributable deaths..............................................................................4Adult literacy rate.....................................................................................................................5Life expectancy at 60...............................................................................................................5Freedom of expression.............................................................................................................5Tolerance for immigrants.........................................................................................................5Confidence Interval......................................................................................................................6Confidence Interval 1...............................................................................................................6Confidence Interval 2...............................................................................................................6Hypothesis Testing.......................................................................................................................6Hypothesis 1.............................................................................................................................6Hypothesis 2.............................................................................................................................6Hypothesis 3.............................................................................................................................7Correlation and Regression..........................................................................................................7Regression 1.............................................................................................................................7Regression 2.............................................................................................................................9Conclusion and Limitations...........................................................................................................10Appendices....................................................................................................................................11Descriptive Statistics..................................................................................................................11Continent................................................................................................................................11Descriptive Statistics..............................................................................................................12Confidence Interval....................................................................................................................15Confidence Interval 1.............................................................................................................15Confidence Interval 2.............................................................................................................16
3BUSINESS MODELING AND STATISTICSHypothesis Testing.....................................................................................................................16Hypothesis 1...........................................................................................................................16Hypothesis2............................................................................................................................17Hypothesis 3...........................................................................................................................17Correlation and Regression........................................................................................................18Regression 1...........................................................................................................................18Regression 2...........................................................................................................................19
4BUSINESS MODELING AND STATISTICSIntroduction In the present assignment we analysed the data on Social Progress Index. The data for all182 countries segregates by continent and countries was taken. For the ease of analysis data for100 countries was only taken. However it was found that some of the data was missing. Thus allmissing data was removed. Subsequent to removal of missing data the data of 70 countries wasstudied. The categories studied were Nutrition and Basic Medical Care, Shelter, Access to BasicKnowledge, Health and Wellness, Personal Rights and Tolerance and Inclusion. Each of thecategories had many variables. Only one variable from the categories was selected for the study.Primarily we studied the distribution of the variables. The interval estimate of Child mortalityrate and Tolerance for immigrants was studied. Testing of means was done to analyse fordifferences in Adult Literacy Rates of European and African Countries. We also analysed formean differences in Freedom Expression of Asian and American Countries. The mean differencebetween American and European countries for Life expectancy at 60 was also studied. Attemptis also made to test the relation of Life expectancy at 60 and Household air pollution andattributable death. We also fin the relation of Adult Literacy Rate and Freedom of expression AnalysisDescriptive StatisticsContinentThe selected data contains equal number of countries from Africa and Asia (table 1). Theleast number of countries is from Oceania (Figure 3). Child mortality rateFrom the attribute on Nutrition and basic medical care we studied the property of Childmortality rate. The average Child Mortality rate of the countries is 37.88 (table 2). The ChildMortality rates for 50% of the countries is below 21.90. The minimum and maximum Child MortalityRate are 2.70 and 156.90 respectively. The Child Mortality Rates for 25% of the countries lies below10.48. The Child Mortality Rates for 75% of the countries below 63.18. The variation in ChildMortality Rates is 93%. For most of the countries the maximum Child Mortality rates is 20 (figure 3). Household air pollution attributable deathsFrom the attribute on Shelter we studied the property of Household air pollutionattributable deaths. The average of deaths due to Household air pollution for the countries is 70.16(table 2). The deaths due to Household air pollution for 50% of the countries are below 34.64. Theminimum and maximum number of deaths occurring due to Household air pollution in the countriesis 0 and 251.92 respectively. The deaths due to Household air pollution for 25% of the countries lie
5BUSINESS MODELING AND STATISTICSbelow 4.43. The deaths due to Household air pollution for 75% of the countries below 138.04. Thereis a variation of 105% in the number of deaths due to Household air pollution. For most of the countries the maximum deaths is below 40 (figure 4). Adult literacy rateFrom the attribute on Access to basic knowledge we studied the property of AdultLiteracy Rate. The average Adult Literacy Rates of the countries is 82.36 (table2). The AdultLiteracy Rates for the countries lies between 19.10 and 100. 50% of the countries have an adultliteracy rate below 91.64. For 25% of the countries the adult literacy rate is below 72.62. For75% of the countries the adult literacy rate is above 97.97. There is a variation of 25% in AdultLiteracy Rates. Life expectancy at 60From the attribute on Health on Wellness we studied the property of Life expectancy at60. The average Life expectancy at 60 for the countries is 19.22 (table2). The Life expectancy at60 for the countries lies between 15.39 and 25.48. The Life expectancy at 60 for 50% of thecountries is below 18.93. For 25% of the countries the Life expectancy at 60 is below 17.08. For75% of the countries the adult literacy rate is above 21.29. There is a variation of 14% in Lifeexpectancy at 60.Freedom of expressionFrom the attribute on Personal Rights we studied the property of Freedom of Expression.The average Freedom of Expression for the countries is 9.60 (table2). The Freedom ofExpression for the countries lies between 0.00 and 16.00. The Freedom of Expression for 50% ofthe countries is below 10.00. For 25% of the countries the Freedom of Expression is below 6.00.For 75% of the countries the Freedom of Expression is above 14.00. There is a variation of 46%in Freedom of Expression.Tolerance for immigrantsFrom the attribute on Tolerance and Inclusion we studied the property of Tolerance forimmigrants. The average of tolerance for immigrants for the countries is 0.56 (table2). Thetolerance for immigrants of the countries lies between 0.23 and 0.91. The tolerance forimmigrants for 50% of the countries is below 0.56. For 25% of the countries the tolerance forimmigrants is below 0.45. For 75% of the countries the tolerance for immigrants is above 0.68.There is a variation of 27% in tolerance for immigrants.
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