We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Statistical Methods in Economics - Coursework Example

Comments (0) Cite this document
Summary
With the increasing heavy traffic and the ever increasing economy of London, there is need to find an alternative method to ease the heavy traffic witnessed in London. In fact according to Godwin (2004) the leading cause of traffic congestion is because the roads are full and…
Download full paperFile format: .doc, available for editing
Polish This Essay93.7% of users find it useful
Statistical Methods in Economics
Read TextPreview

Extract of sample
"Statistical Methods in Economics"

Download file to see previous pages The scheme in particular was designed to favour the usage of bicycle for a short period usually less than 30 minutes. In addition, Transport for London believes that about 0.5% of all cycle journeys start or end at Queen Marys, Mile End docking station.
With this statistics in mind, the main objective of this research is 1) estimate the average length of bicycle hire and 2) to estimate the proportion of journeys taking place from and to the “Queen Marys, Mile End” docking station.
In order to carry out this research as a way of organization, section 1 will provide a brief explanation of how the research was be organized, section 2 will look at two unbiased estimators and use them to provide an estimate of: the average length of the bike hire and the proportion of bike journeys taking place from and to the “Queen Marys, Mile End “docking station. Section 3 on the other hand will look at the two confidence intervals that have a high probability of: capturing the average length of the bike hire and the actual proportion of bike rides taking place from and to the “Queen Marys, Mile End “docking station. Section 4 will detail a hypothesis test to test whether the average length of the bike hire is consistent with Transport for London expectation that the pricing scheme gives incentives to users to hire the bikes for no longer than 30 minutes. Finally Section 5 will evaluate a hypothesis test to test whether the proportion of bike rides taking place at the “Queen Marys, Mile End” docking station is greater than the 0.5% expected by Transport for London.
Data containing the information was obtained from London transport. The stratified sampling was done. The data was divided into strata of 100 for 1000 samples then a simple random sampling was done so to give each area an equal opportunity representation. After that, the probability of success will be noted, and then 95% and 99% confidence level will be used to estimate ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Statistical Methods in Economics Coursework Example | Topics and Well Written Essays - 1000 words”, n.d.)
Statistical Methods in Economics Coursework Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/statistics/1685242-statistical-methods-in-economics
(Statistical Methods in Economics Coursework Example | Topics and Well Written Essays - 1000 Words)
Statistical Methods in Economics Coursework Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/statistics/1685242-statistical-methods-in-economics.
“Statistical Methods in Economics Coursework Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/statistics/1685242-statistical-methods-in-economics.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Economics
The article above states that there are 6 major companies, which dominates the agricultural chemical market, therefore, this shows that there are a few firms between which shares a large proportion of the industry (Lipsey & Chrystal, pp. 176-177, 1999). In an oligopoly, the firms might produce a virtually identical product that in this case is the agricultural inputs such as the world’s seed, pesticides, and biotech industries.
4 Pages(1000 words)Coursework
Business Economics Coursework
This research work is aimed to find out the relationship between those three markets. In the introduction the actual topic is introduced. A brief explanation about all the three markets is given in this portion. In the literature review the topic is discussed in detail.
40 Pages(10000 words)Coursework
Economics
It is Nominal GDP assessed at the market prices of a base year. In our case, the base year is 2002, to calculate the real GDP for 2003, we will take the goods and services output for 2003 and multiply
1 Pages(250 words)Coursework
Statistical and Quantitative Methods in Business
onnaires were distributed among the customers of Tesco and 50 among Sainsbury’s customers within the premises of the retail stores of the two companies. There were 34 and 31 correctly and completely filled out questionnaires received from customers of Tesco and Sainsbury
10 Pages(2500 words)Coursework
Statistical Methods
Researchers have proved that variables such as gender can be used to predict overall job performance together with various harmful behaviors like immorality, sexual harassments and absenteeism
11 Pages(2750 words)Assignment
Behavioural Economics
This research aims to scrutinise the behavioural economics, classical or traditional economics, as well as the marketing industries. By establishing the difference, as well as the concept of each
16 Pages(4000 words)Coursework
Statistical coursework
In this study these variables will be explored and the correlation between the dependent variable, and the independent variables. The dependent variable, market return is defined to be the amount of
6 Pages(1500 words)Coursework
Statistical coursework
From the table results, we rejected Ho for 5 companies (AAL, CCH, EVR, RRS and VED company) since t-statistic was greater than the critical value. This implied that significant beta existed for these 5
6 Pages(1500 words)Coursework
Statistical works and solutions
There is clear relationship between, the histogram and the values calculated, for example on the histogram, the mean is around the middle or 100, this is the seam as 94 which was achieved on calculation (ii).The points in the graph seem to be
3 Pages(750 words)Coursework
Descriptive Statistical Processes
It summarizes the collected data and makes it more meaningful (Todd, 2007). Moreover, it helps in clearly showing the common patterns, trends and relationships in the data. It is however worth noting the when used in research,
1 Pages(250 words)Coursework
Let us find you another Coursework on topic Statistical Methods in Economics for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us