Following is the data of Gross domestic product (GDP) at basic prices, by industry, monthly different...

 

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Following is the data of Gross domestic product (GDP) at basic prices, by industry, monthly different industries for four different Months. Create the frequency distribution by using appropriate intervals and graph them in various charts to describe the pattern in different places during the period of four months. Find the measure of central tendency and Measures of dispersion for the data. Use these data to compute the average monthly Gross domestic product (GDP) at basic prices, by industry, for the period four months of the year 2020 separately as well as combined. Compute the standard deviation for the data. Find out the mean, median and standard deviation of the individual items. Now think about what these numbers are saying. The average tells us about how the GDP changes. The standard deviation tells us how much variation is associated with that quantity, from month to month. In financial terms, it is one measure of risk. Which month has higher return? Higher- risk? Write a short paragraph giving your means and standard deviations and commenting on what they mean. (Taken from Statistics Canada) Gross domestic product (GDP) at basic prices, by industry, monthly In Dollars Seasonally adjusted at annual rates North American Industry Classification System (NAICS) Apr-20 May-20 Jun-20 All industries [T001]4 1,633,091 1,711,743 1,823,698 1,878,759 Goods-producing industries [T002]4 453,322 490,693 529,048 546,008 1,174,550 1,217,593 1,291,772 1,330,029 1,313,797 1,383,365 1,490,928 1,540,018 317,176 326,640 332,202 338,583 310,139 326,715 352,451 Service-producing industries [T003]4 Business sector industries [T004] Non-business sector industries [T007] Industrial production [T010]4 Non-durable manufacturing industries [T011]4 Durable manufacturing industries [T012]4 Information and communication technology sector [T013]4 Energy sector O 1714 al production definition) 76,319 79,693 85,533 66,207 92,972 93,379 94,116 160,097 159,079 155,832 Jul-20 369,178 90,800 74,161 91,329 96,578 95,578 157,455 304,163 320,640 345,938 362,433 Following is the data of Gross domestic product (GDP) at basic prices, by industry, monthly different industries for four different Months. Create the frequency distribution by using appropriate intervals and graph them in various charts to describe the pattern in different places during the period of four months. Find the measure of central tendency and Measures of dispersion for the data. Use these data to compute the average monthly Gross domestic product (GDP) at basic prices, by industry, for the period four months of the year 2020 separately as well as combined. Compute the standard deviation for the data. Find out the mean, median and standard deviation of the individual items. Now think about what these numbers are saying. The average tells us about how the GDP changes. The standard deviation tells us how much variation is associated with that quantity, from month to month. In financial terms, it is one measure of risk. Which month has higher return? Higher- risk? Write a short paragraph giving your means and standard deviations and commenting on what they mean. (Taken from Statistics Canada) Gross domestic product (GDP) at basic prices, by industry, monthly In Dollars Seasonally adjusted at annual rates North American Industry Classification System (NAICS) Apr-20 May-20 Jun-20 All industries [T001]4 1,633,091 1,711,743 1,823,698 1,878,759 Goods-producing industries [T002]4 453,322 490,693 529,048 546,008 1,174,550 1,217,593 1,291,772 1,330,029 1,313,797 1,383,365 1,490,928 1,540,018 317,176 326,640 332,202 338,583 310,139 326,715 352,451 Service-producing industries [T003]4 Business sector industries [T004] Non-business sector industries [T007] Industrial production [T010]4 Non-durable manufacturing industries [T011]4 Durable manufacturing industries [T012]4 Information and communication technology sector [T013]4 Energy sector O 1714 al production definition) 76,319 79,693 85,533 66,207 92,972 93,379 94,116 160,097 159,079 155,832 Jul-20 369,178 90,800 74,161 91,329 96,578 95,578 157,455 304,163 320,640 345,938 362,433

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Frequency Distribution The data provided can be represented in the form of frequency distribution by using appropriate intervals The intervals used are 0500 5001000 10001500 15002000 dollars IntervalF... View the full answer