Statistics Coursework Example | Topics and Well Written Essays - 750 words - 2

Statistics - Coursework Example The mean, median and interquartile range for the HPI are 42.238, 41.980 and 12.849 (Q1 = 35.841, Q3 = 48.690 respectively. Both the mean and median values for the HPI are very close to each other and the median value of 41.980 is approximately in the middle of first and third quartiles. This indicates that the distribution of HPI is symmetric (normal), which is also indicated by the histogram of the HPI. The mean, median and interquartile range for the HDI are 0.663, 0.698 and 0.266 (Q1 = 0.522, Q3 = 0.788 respectively. The mean value of HDI is less than the median value and the median value is near to the third quartile as compared to the first quartile. This indicates that the distribution of HDI is left (negatively) skewed, which is also indicated by the histogram of the HPI. Figure 3 shows a scatter diagram depicting the relationship between the two indexes. A positive linear relationship between the two indexes is apparent from the scatter diagram. This means that as the HPI of a country increases its HDI also increases and vice-versa. The value of the product moment correlation coefficient between the HDI and HPI is 0.3109 indicating weak positive linear relationship between the HDI and HPI. This agrees with the statement that I said in earlier in part iii. Figure 4 shows a scatter diagram depicting the relationship between the Ecological Footprint and GDP per capita. A very strong positive linear relationship between the two variables is apparent from the scatter diagram. Since the value of the slope coefficient 0.00012 is different from the zero, this means that there is a relationship between the Ecological Footprint and GDP per capita and the Ecological Footprint can be predicted using the GDP per capita. The slope coefficient value of 0.00012 indicates that each additional $1000 increase in GDP per capita increases the Ecological footprint by about 0.12 global hectares per capita

Advantages and Disadvantages of Globalization for Business Essay

Advantages and Disadvantages of Globalization for Business - Essay Example The researcher states that globalization can be defined as the incorporation of national economies into the world market. Integration is achieved through international direct investment, trade migration, cash flow and the advancement and spread of technology. Markets, where it is prevalent and specifically widespread, are financial markets such as credit and money markets, insurance markets and capital markets. Commodity markets, for example, gold, oil, coffee, and tin. Product markets, for example, consumer electronics and motor vehicle. Globalization in relation to business can be described as the process allowing investment and financial markets to carry out business internationally mainly as a result of deregulation and better communications. It is evident that the current world is closely networked together. However, it is easy to lose focus just how rapid and systematically globalization is occurring and how many business organizations are being run. Drucker noted that globaliz ation is not an economic phenomenon but psychological. He noted that all of the advanced western principles and approaches are taken as the norm by many nations. The view took shape for Drucker in 2001 when an old student from Taiwan working in China paid him a visit. Drucker asked him â€Å"what is the most important thing that has happened in China the last three to five years?† the former student paused for a while and answered that the Chinese at that time considered purchasing a vehicle is a need not a luxury. The exact situation is same in Russia where business analysts anticipate the country surpassing Germany and becoming the biggest car market in Europe. However, taking advantage of such opportunities need a specific set of expertise. For instance, there is no need in strategizing the activities of the forever more intricate network of world suppliers, extracting profit on every deal.