Statistics for business decisions in PDF

Running head: STATISTICS FOR BUSINESS DECISIONS
Statistics for Business Decisions
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Statistics for business decisions2
Table of Contents
Solution 1...................................................................................................................................4
Answer to the question (a).....................................................................................................4
Figure 1: Food and Fibre Export 2010...................................................................................4
Figure 2: Food and Fibre Export 2015...................................................................................4
Answer to the question (b).....................................................................................................5
Figure 3: Percentage of Food and Fibre Export 2010............................................................5
Figure 4: Percentage of Food and Fibre Export 2015............................................................5
Answer to the question (c).....................................................................................................6
Solution 2...................................................................................................................................6
Answer to the question 2 (c)..................................................................................................6
Figure 5: Histogram on Relative Frequency..........................................................................6
Answer to the question 2 (d)..................................................................................................7
Figure 6: Ogive on weekly Sales...........................................................................................7
Answer to the question (e).....................................................................................................7
Answer to the question (f)......................................................................................................7
Solution 3...................................................................................................................................8
Answer to the question (a).....................................................................................................8
Figure 7: Trend line of Rate of Inflation (%).........................................................................8
Figure 8: Trend line of all - ordinaries index.........................................................................8
Answer to the question (b).....................................................................................................9
Figure 9: Scatter plot..............................................................................................................9

Statistics for business decisions3
Answer to the question (c)...................................................................................................10
Answer to the question (d)...................................................................................................11
Answer to the question (e)...................................................................................................11
Answer to the question (f)....................................................................................................11
Answer to the question (g)...................................................................................................11
Answer to the question (g)...................................................................................................12
References................................................................................................................................13

Statistics for business decisions4
Solution 1
Answer to the question (a)
Victoria
Queensland
NSW
WA
SA
Tasmania
Others
0 1000 2000 3000 4000 5000 6000 7000 8000
7344
4872
4959
4219
3391
907
973
Food and Fibre Export 2010
Frequency
State
Figure 1: Food and Fibre Export 2010
Victoria
Queensland
NSW
WA
SA
Tasmania
Others
0 2,000 4,000 6,000 8,000 10,000 12,000
11,656
8,179
6,979
6,350
5,255
736
4,278
Food and Fibre Export 2015
Frequency
State
Figure 2: Food and Fibre Export 2015