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BUS708 - Statistics and Data Analysis

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BUS708 Statistics and Data Analysis (BUS708)

   

Added on  2020-05-16

BUS708 - Statistics and Data Analysis

   

BUS708 Statistics and Data Analysis (BUS708)

   Added on 2020-05-16

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Running head: STATISTICS AND DATA ANALYSISStatistics and data analysisName of the studentName of the universityAuthor’s note
BUS708 - Statistics and Data Analysis_1
STATISTICS AND DATA ANALYSIS1Table of ContentsSection 1..........................................................................................................................................2Section 2..........................................................................................................................................2Section 3..........................................................................................................................................3Section 4..........................................................................................................................................6Section 5..........................................................................................................................................8Section 6........................................................................................................................................11Section 7: Conclusion....................................................................................................................13References......................................................................................................................................15
BUS708 - Statistics and Data Analysis_2
STATISTICS AND DATA ANALYSIS2Section 1The present assignment is a study on the lodgement method of Australian tax payers. Taxpayers in Australia can pay their tax either through tax agents or Self-prepare their returns. TheAustralian taxation department from time to time takes initiatives to educate the tax payers(Chardon, Freudenberg and Brimble 2016). For the analysis a primary data has been taken fromthe Australian taxation office. A sample of the data has been selected for the study. In the presentstudy we have analysed the proportion of tax payers based on lodgement methods. We also havecompared the data with lodgement method of international students. In addition, we have tried tofind relation between lodgement method and age groups. Further, a relation between totalincome and deductions based on lodgement methods has also been found. Table 1: First five cases of dataset 1Genderage_rangeLodgment_methodTot_inc_amtTot_ded_amt19S47838143010A1860649917A99229323219S498152035011S179030We have also studied the proportion of lodgement process of international students. Dataof lodgement methods from 60 international students was collected. The proportion of studentsusing tax agents was compared with the proportion of Australian tax payers. Section 2Table 2: Proportion of Australian Tax payers according to LodgementLodgement MethodCountProportionTax Agent7540.754Self-Preparer2460.246Total10001The data on taxation lodgement of 1000 people of Australia shows that 754 people paytheir taxes through tax agents. On the other hand, only 246 people self-prepare their taxes.Hence, it can be inferred that 75.4% of the population pay taxes by hiring agents who have theknowledge of paying taxes.
BUS708 - Statistics and Data Analysis_3
STATISTICS AND DATA ANALYSIS3Tax Agent75%Self Preparer25%Lodgement Methods (dataset1)Tax AgentSelf PreparerFigure 1: Proportion of Australian Tax payers according to LodgementTable 3: Confidence Interval of Australian tax payers using tax agentsConfidence Interval for proportionDataSample Size1000Count of Successes754Confidence Level95%Intermediate CalculationsSample Proportion0.754Z Value1.9600Standard Error of the Proportion0.0136Margin of Error0.0267Confidence IntervalInterval Lower Limit72.73%Interval Upper Limit78.07%The 95% confidence interval for the proportion of people paying taxes through agents is72.73%, 78.07%.
BUS708 - Statistics and Data Analysis_4

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