BEA603 - Economics - Economics and Statistical Analysis - Assignment Help

BEA603 Economics and Statistical Analysis Assignment Help

Assignment Task:

PART A.

The selected information on Australia’s exports (Data Set A) and tourism industry (Data Set B) are attached (see Excel files in ‘Group Assignment’ folder). You are required to select one of the data sets (i.e. Set A or B) and analyse the data based on the following instructions: 

1. Indicate which is your choice of data set. 

2. Analyse the data in a meaningful way using: 

(a) Two appropriate numerical descriptive measures. Show your step-by-  step calculations in this section. 

(b) Two appropriate types of charts and/or tables. Present your final outputs in this section. 

3. Comment on the implications of your findings for business or policy decision making. Support your arguments with two academic references. 

PART B. 

You are required to conduct a simple face-to-face survey to collect your own data. However, due to time constraints, you can collect your data using the convenience sampling approach. In terms of sample size, it is recommended that you survey a total of 45 individuals. In addition, ensure that you design a survey questionnaire which will enable the collection of important/relevant data for you to answer/fulfill the following questions/tasks. 

1. Explain the objective of your survey. 

2. List and then explain why each of the following variables are considered as very important for your survey. Variable (a): Reason: 

3 Present your survey questionnaire in this section. 

4. Enter the data you collected onto an Excel spreadsheet, and then present the completed spreadsheet in this section.

5. Analyse your data in a meaningful way using: 

(a) A pie chart.

(b) A side-by-side bar chart.

(c) A coefficient of correlation (Note: Manually calculate the coefficient. Show your step-by-step calculations in this section). 

(d) A scatter plot to display the variables in (c). 

(e) A conditional probability for relevant variables. (Note: Manually calculate the coefficient. Show your step-by-step calculations in this section). 

(f) Conduct a test of hypothesis for the key variable at the 0.05 level of significance. Show your step-by-step calculations in this section. Fully explain what the results mean. 

6. Comment on the implications of your findings for business or policy decision making.

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