HI6007 Statistics and Research Methods for Business Decision Making

HI6007 Statistics and Research Methods for Business Decision Making

Question 1

Australian exports (goods and services) along with its top 8 export markets in 2004-05 and 2014-15 are shown in the table stored in file EXPORTS.XLSX (in the course website). Using this data, answer the questions below.                                                                                                           (4 Marks)

• Use an appropriate graphical technique to compare the value of Australian exports (in A$ bn) in 2004-05 and 2014-15, broken down by country of export destination.

(1 mark)

• Use an appropriate graphical technique to compare the percentage value of Australian exports (in %) in 2004-05 and 2014-15, broken down by country of export destination.

(1 mark)

• Comment your observations in parts (a) and (b).        (2 marks)