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Statistics for Business Decision: CO2 Emissions, Vehicle Assembly Line Time, and Inflation Rate Analysis

This group assignment requires students to demonstrate their understanding of business research principles and statistical analysis techniques taught in the course.

14 Pages1290 Words265 Views
   

Added on  2022-11-01

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This document provides an analysis of CO2 emissions, vehicle assembly line time, and inflation rate using appropriate graphical techniques, numerical summaries, and regression analysis. It includes problem statements, solutions, and commentaries on observations. The document is relevant for students studying statistics for business decision.

Statistics for Business Decision: CO2 Emissions, Vehicle Assembly Line Time, and Inflation Rate Analysis

This group assignment requires students to demonstrate their understanding of business research principles and statistical analysis techniques taught in the course.

   Added on 2022-11-01

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Statistics for Business Decision
By
Your Name
Date
Page 1 of 14
© <Your Name> 2019
Statistics for Business Decision: CO2 Emissions, Vehicle Assembly Line Time, and Inflation Rate Analysis_1
Statistics for Business Decision
PART 1: CO2 Emissions
Problem Statement
The objective of the question is to analyze data on emission of CO2 from
burning of fossil fuels in top 15 producer countries. A comparison will be
made on the amount of CO2 emissions for the different countries in millions
of metric tons and as percentage from the year 2009 to 2013.
Solution
a. Appropriate graphical technique to compare C02 emissions (in
millions of metric tons) broken down by the producer country
in 2009 and 2013
The most sufficient graphical method to display how different countries
emitted the CO2 between 2009 and 2013 in metric tons is bar graph. It
is as shown below.
Page 2 of 14
© <Your Name> 2019
Statistics for Business Decision: CO2 Emissions, Vehicle Assembly Line Time, and Inflation Rate Analysis_2
b. Appropriate graphical technique to compare C02 emissions (in
millions of metric tons) broken down by the producer country
in 2009 and 2013
The most sufficient graphical method to display how different countries
emitted the CO2 between 2009 and 2013 in percentage is the bar
graph. It is as shown below.
Page 3 of 14
© <Your Name> 2019
Statistics for Business Decision: CO2 Emissions, Vehicle Assembly Line Time, and Inflation Rate Analysis_3
c. Comment on Observations above
The bar graphs above compare different countries emitted C02 in the
years 2009 and 2013. The first graph shows the comparison in terms of
millions of metric tons while the second graph shows the comparison
as a percentage of the total. In both scenarios, the top five
carbon(ii)oxide are China, United States, India, Russia and Japan. The
least emissive are Italy, Iran, South Africa, France, Saudi Arabia and
Australia. The bar graph compares the emission between the year
2009 and 2019. For example, In China the emission in the 2013 was
higher than in the year 2009. In USA emission in 2009 was higher than
in 2013.
Page 4 of 14
© <Your Name> 2019
Statistics for Business Decision: CO2 Emissions, Vehicle Assembly Line Time, and Inflation Rate Analysis_4

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