Decision Making from Graphical Measures and Linear Estimation

Decision Making from Graphical Measures and Linear
Estimation
1

Answer 1
(a) Comparison of export to eight countries from Australia has been presented in Figure 1,
which clearly displays increase in export volume in 2014-15 compared to 2004-05,
except the United Kingdom.
China
Japan
United States
Republic of Korea
India
New Zealand
Singapore
United Kingdom
0 10 20 30 40 50 60 70 80 90 100
15.9
28.2
13.9
11
7.1
12.2
5.8
9.2
90.3
46.6
20.5
20.5
12.7
12.3
12
8.6
Export Figures for Goods and Services from Australia
2014-15
2004-05
Export (AUS $ Billion)Figure 1: Australian Markets for Goods and Services export – Comparative Analysis
(b) Comparison of export to eight countries from Australia has been presented in Figure 2,
which clearly displays decrease in percentage export in 2014-15 compared to 2004-05,
except China (Fisher, Drucker, and König, 2012, pp.55-62).
2

China
Japan
United States
Republic of Korea
India
New Zealand
Singapore
United Kingdom
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
15.4%
27.3%
13.5%
10.6%
6.9%
11.8%
5.6%
8.9%
40.4%
20.9%
9.2%
9.2%
5.7%
5.5%
5.4%
3.8%
Percentage of Exports to Countries from Australia
2014-15
2004-05
PercentageFigure 2: Australian export percentage in 2004-05 and 2014-15
(c) Exports from Australia to eight countries have increased in 2014-15 compared to 2004-
05 (exception was export to the United Kingdom). Unpredictably, export percentages to
all countries, except China, have decreased. Watchful observation reveals that export to
China has increased so drastically that it has affected export to other countries.
Therefore, instead of increase in volume, percentage wise exports have gone down.
Abrupt high export to China was noted to have regressive impact on percentage exports
to other countries.
3

a. The frequency distribution is presented below
Table 1: Frequency distribution of Umbrella Sales
The relative Frequency distribution is presented below
Table 2: Relative Frequency distribution of Umbrella Sales
b. The Cumulative frequency distribution is presented below
Table 3: Cumulative Frequency distribution of Umbrella Sales
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