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Statistics for Business

   

Added on  2023-03-17

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STATISTICS FOR BUSINESS
STUDENT ID:
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Statistics for Business_1
Question 1
(a) Bar chart for Australian exports for the data provided is shown below.
(b) Pie chart for percentage of Australian exports (for year 2004-2005)
Pie chart for percentage of Australian exports (for year 2014-2015)
2
Statistics for Business_2
(c) The above data clearly highlights how the share of major countries have changed from
2004-2005 to 2014-2015 in Australian exports. The most noticeable change is the
increase in exports to China which have surged owing to which the share of China has
improved from 15% (2004-2005) to 40% (2014-2015). An interesting observation is
despite the geographical proximity between New Zealand and Australia, the exports have
not increased during the given period. This is responsible for the 50% decline is share of
exports for New Zealand. There is only one country i.e. United Kingdom which shows a
decline in the absolute value of exports from Australia and hence highlights lower
importance of Australia in the overall import mix for UK.
(d)
Question 2
(a) Relevant frequency distribution for umbrella sales
3
Statistics for Business_3

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