Data can be found with this link:

https://docs.google.com/spreadsheets/d/12rYmIUVfrCcbCYRu34o3Mo5hf5Vo7EbR/edit?usp=sharing&ouid=106588454659831398597&rtpof=true&sd=true

QUESTIONS:(question 1 is more important, it should be considered first)

1. Granted that the dataset is a sample. Imagine (just for the heck of it) that this is a population; i.e., there are only 81 countries in this world! You are a global investor looking to expand your "service" location. You will only invest if the risk of operating in the country does not exceed a level of "2". What is the chance that you will make an investment? This is a simple instantiation of the z-test. Use Excel. Draw the problem scenario.

2. The Bertelsmann index (BTS) measures governance performance, a key antecedent to managing operations risk, as has probably been evident with how countries have managed the CoVID-19 situation across the world. What kind of relationship exists between governance and risk of doing business? Explain using graphs. Use Excel.