logo

BUU11530 Quantitative Methods for Business

   

Added on  2020-04-21

10 Pages1473 Words71 Views
Running Head: QUANTITATIVE METHODS FOR BUSINESSQuantitative Methods for BusinessName of the StudentName of the UniversityAuthor Note

1QUANTITATIVE METHODS FOR BUSINESSAnswer 1MeaninflationStandarddeviationof inflationMedianinflationMinimuminflationMaximuminflation Country A 1980-19992.571.882.30-0.507.30 2000-20102.025.7898.9788.14106.99Country B 1980-19991.641.971.12-1.247.47 2000-2010-0.340.83-0.40-1.770.90Answer 21980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010-1.000.001.002.003.004.005.006.007.008.00Inflation Rate of NetherlandsYearInflationRate

2QUANTITATIVE METHODS FOR BUSINESS1980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010-4.00-2.000.002.004.006.008.0010.00Inflation Rate of JapanYearInflationRateAnswer 3The inflation rates of the countries A and B are normally distributed. The confidenceintervals of normal distributions are given by the following formula:μ±t∗σ√nHere, μ is the sample mean, σ is the sample variance, n is the sample size and z is the standardvalue of the t score obtained from the t-table according to the level of significance of theconfidence interval and the degrees of freedom. For 90% confidence interval, the t-score = 1.729For 95% confidence interval, the t-score = 2.093For 99% confidence interval, the t-score = 2.861

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Statistical Investigation Assignment
|10
|1353
|275