Assignment on Finance Project

Added on - 21 Jul 2020

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Finance Project 3
TABLE OF CONTENTSPART A...........................................................................................................................................3QUESTION 1..................................................................................................................................31.1 Ranking regions in decreasing order of risk of vehicle offences and robbery......................31.2................................................................................................................................................3Stating whether two events are statistically independent............................................................31.3 Specifying reasons behind the existence of less risk of robbery in East Midlands overNorth East....................................................................................................................................41.4................................................................................................................................................4a....................................................................................................................................................4b...................................................................................................................................................41.5................................................................................................................................................5QUESTION 2..................................................................................................................................52.1................................................................................................................................................52.2................................................................................................................................................62.4................................................................................................................................................6PART B...........................................................................................................................................6Discuss the ways in which the gender differences in patterns of paid and unpaid work............6REFERENCES..............................................................................................................................10
PART AQUESTION 11.1 Ranking regions in decreasing order of risk of vehicle offences and robberyTransformed table (conversion of figures in decimals)RegionVehicle offencesRobberyNorth East0.48 / 100 =0.00480.04 / 100 =0.0004East Midlands6.1 / 1000 = 0.00610.6 / 1000 =0.0001London1 / 100 = 0.01001 / 400 = 0.0025South West0.00460.0004Assigning rank to the regions (in descending order)RegionVehicle offencesRankRobberyRankNorth East0.004830.00042East Midlands0.006120.00013London0.010010.00251South West0.004610.000411.2Stating whether two events are statistically independentBy doing analysis, it has assessed that two events can said to be independent when itfulfills the below mentioned condition:P(AB) =P(A)P(B)Hence, when such condition is satisfied then it can be depicted thattwo sets of data or event is independent and vice versa. In other words,when condition pertaining to P (AB) ≠P(A)P(B) exits then it can bedepicted that events are not statistically independent (Conditional probability,2018).
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