# ECO 502 Decision Making

## Question:

GDP data for some countries across 3 consecutive years are recorded in the following table:

 Country GDP (Sb) 2014 2015 2016 China 834 935 1035 U.S. 582 732 895 Russia 495 631 788 Japan 486 621 799 Germany 339 456 552 Canada 201 335 453 Australia 304 444 565 Turkey 703 819 919
• Conduct appropriate calculations to show in a tabular format:
1. Proportion of change from 2014 to 2015 and 2015 to 2016
1. Share of GDP for the countries across three years

(ii) Use appropriate graphs to depict:

1. Volume of GDP for the countries across three years;
2. Share of GDP for the countries across three years;
3. c) Proportion of change (from 2014 to 2015) and comment on this.

In a computer assembly line, workers take different time to assemble the parts. The amount of time needed (in seconds) for the assembly was recorded for 100 workers.

 360 378 78 104 125 216 299 119 154 174 317 244 313 452 210 196 210 388 225 422 468 456 160 171 175 320 235 310 106 222 200 109 281 195 160 213 260 280 242 222 140 101 272 121 223 290 246 213 236 234 195 262 110 211 255 220 310 119 155 95 255 360 222 435 145 289 194 110 124 433 194 237 210 123 210 374 203 380 123 349 382 240 105 135 220 185 275 103 315 111 219 455 280 167 455 215 291 188 223 224
1. Determine the approximate number of classes and the class width (round-up the width if necessary) you would use to represent the above data Explain your reasons.
2. Create a frequency distribution of time for 100 workers
3. Draw a frequency histogram
4. Calculate the relative frequency and draw relevant histogram
5. Draw an Ogive
6. Find the proportion of time taken for assembly between 100-150 seconds; 200-250 seconds. Explain your answer fully.

### Cite This Work

My Assignment Help (2021) ECO 502 Decision Making [Online]. Available from: https://myassignmenthelp.com/free-samples/eco502-decision-making/relevant-histogram.html
[Accessed 31 January 2023].

My Assignment Help. 'ECO 502 Decision Making' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/eco502-decision-making/relevant-histogram.html> accessed 31 January 2023.

My Assignment Help. ECO 502 Decision Making [Internet]. My Assignment Help. 2021 [cited 31 January 2023]. Available from: https://myassignmenthelp.com/free-samples/eco502-decision-making/relevant-histogram.html.

## Stuck on Any Question

250 words

### We Can Help!

Get top notch assistance from our best tutors !

### Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the content removal request.

## 5% Cashback

On APP - grab it while it lasts!