We know that the world population is continuously growing and demand for food for this population is also increases. So, it is necessary to increase the food production for providing the food for each one. Also, animal population also increasing and feed production for animal should be increase. For this project, we have to compare the food and feed production for the Australia and two countries with highest production of food and feed. We have to compare the variation pattern in the use of food and feed for the different countries. For this purpose, we have to collect the data and then we have to check some hypotheses by using proper statistical tools and techniques. Let us see this statistical data analysis in detail.
Research Questions
For this research study, the research questions are summarised as below:
Data Collection
For this research project, data is collected from The Food and Agriculture Organization of the United Nations. United Nations Organization provides the free access for this data for 245 countries and territories from the year 1961 to 2013. Required website for this data is given in the reference list.
Descriptive Statistics
We know that the descriptive statistics provides us the idea about the nature of variables included in the data set.
Here, we have to see some descriptive statistics for the Rice feed and food production in world. All numbers in the following tables are given in thousand tonnes. First of all we have to see the descriptive statistics for the Rice feed and food production for the world. Descriptive statistics for feed and food production for entire world is summarised as below:
Y2013 |
|
Rice (Food) production for world in ‘000 tones |
|
Mean |
2168.310345 |
Standard Error |
834.9732259 |
Median |
107 |
Mode |
1 |
Standard Deviation |
11014.0533 |
Sample Variance |
121309370.1 |
Kurtosis |
70.21168333 |
Skewness |
8.117025439 |
Range |
108321 |
Minimum |
0 |
Maximum |
108321 |
Sum |
377286 |
Count |
174 |
From above descriptive statistics, it is observed that the average rice food production for the year 2013 is given as 2168 thousand tones with the standard deviation of 11014 thousand tones. The maximum rice food production for single country in 2013 is observed as 108321 thousand tones.
Now, we have to see the descriptive statistics for the rice feed production for all countries which is given as below:
Y2013 |
|
Rice (Feed) World Production in ‘000 tones |
|
Mean |
414.7407407 |
Standard Error |
182.7726754 |
Median |
5 |
Mode |
0 |
Standard Deviation |
1644.954078 |
Sample Variance |
2705873.919 |
Kurtosis |
36.46249072 |
Skewness |
5.805432137 |
Range |
12052 |
Minimum |
0 |
Maximum |
12052 |
Sum |
33594 |
Count |
81 |
The average rice feed production for world is given as 415 thousand tonnes with the standard deviation of 1645 thousand tonnes. The maximum rice feed production is given as 12052 thousand tonnes.
The list of first ten countries in the production of rice food is given as below:
Food
Area |
Y1961 |
Y1971 |
Y1981 |
Y1991 |
Y2001 |
Y2011 |
Y2012 |
Y2013 |
China, mainland |
26687 |
58217 |
74814 |
86891 |
100658 |
109404 |
107956 |
108321 |
India |
30617 |
37289 |
45355 |
68068 |
74649 |
86478 |
86933 |
87006 |
Indonesia |
7669 |
12855 |
18896 |
23616 |
27046 |
32431 |
33175 |
33637 |
Bangladesh |
8761 |
10178 |
12493 |
17583 |
23295 |
26387 |
26681 |
26892 |
Viet Nam |
4903 |
6374 |
7424 |
9006 |
12412 |
13066 |
12865 |
13253 |
Philippines |
2465 |
3231 |
4724 |
5373 |
8256 |
11290 |
11689 |
11752 |
Thailand |
4023 |
6060 |
6494 |
6725 |
7115 |
7461 |
7654 |
7677 |
Japan |
10529 |
9365 |
8442 |
7983 |
7450 |
6641 |
7469 |
7609 |
Myanmar |
2410 |
2992 |
4120 |
5171 |
6441 |
6548 |
6844 |
7073 |
Brazil |
2869 |
3790 |
4925 |
5989 |
6266 |
6727 |
6309 |
6437 |
It is observed that China is placed at top in the rice food production.
The list of first ten countries for the rice feed production is given as below:
Feed
Area |
Y1961 |
Y1971 |
Y1981 |
Y1991 |
Y2001 |
Y2011 |
Y2012 |
Y2013 |
China, mainland |
2869 |
6137 |
8978 |
10008 |
15342 |
11589 |
12100 |
12052 |
Myanmar |
228 |
990 |
2405 |
2136 |
4119 |
7786 |
7538 |
7882 |
Viet Nam |
66 |
79 |
116 |
446 |
1302 |
2526 |
2589 |
2712 |
Thailand |
339 |
458 |
593 |
408 |
1122 |
2410 |
2499 |
2405 |
India |
143 |
172 |
213 |
1495 |
1866 |
2106 |
2105 |
2124 |
Indonesia |
176 |
334 |
540 |
1089 |
1552 |
1879 |
1873 |
1832 |
Bangladesh |
192 |
199 |
273 |
363 |
726 |
1014 |
1011 |
1031 |
Iran |
0 |
0 |
0 |
79 |
200 |
534 |
534 |
534 |
Nepal |
76 |
90 |
118 |
153 |
277 |
392 |
464 |
457 |
Philippines |
73 |
112 |
153 |
321 |
432 |
364 |
394 |
402 |
It is observed that China is placed top for the rice feed production.
Now, we have to see some descriptive statistics for the feed and food production in Australia, India, and United States of America. All numbers in the following tables are given in thousand tonnes. First of all we have to see the descriptive statistics for the feed and food production for the country Australia. Descriptive statistics for feed and food production for Australia is summarised as below:
Descriptive Summary |
||
Australia |
||
Feed |
Food |
|
Mean |
684.1111111 |
435.3960396 |
Median |
97 |
75 |
Mode |
2 |
0 |
Minimum |
0 |
0 |
Maximum |
7936 |
5474 |
Range |
7936 |
5474 |
Variance |
2673752.1026 |
885667.6016 |
Standard Deviation |
1635.1612 |
941.0991 |
Coeff. of Variation |
239.02% |
216.15% |
Skewness |
3.7778 |
3.6598 |
Kurtosis |
15.7139 |
15.5990 |
Count |
27 |
101 |
Standard Error |
314.6869 |
93.6429 |
From above table, it is observed that the average feed production for Australia is given as 684.11 thousand tonnes with the standard deviation of 1635.16 thousand tonnes. The average food production for Australia is given as 435.40 thousand tonnes with the standard deviation of 941.10 thousand tonnes.
Now, we have to see these descriptive statistics for the feed and food production for the country India which is given as below:
Descriptive Summary |
||
India |
||
Feed |
Food |
|
Mean |
3779.153846 |
11466.06481 |
Median |
312 |
1111.5 |
Mode |
0 |
0 |
Minimum |
0 |
0 |
Maximum |
22757 |
185884 |
Range |
22757 |
185884 |
Variance |
40572128.1354 |
814513849.7434 |
Standard Deviation |
6369.6254 |
28539.6890 |
Coeff. of Variation |
168.55% |
248.91% |
Skewness |
2.2656 |
3.7386 |
Kurtosis |
4.8132 |
15.7770 |
Count |
26 |
108 |
Standard Error |
1249.1863 |
2746.2329 |
From above table, it is observed that the average feed production for India is given as 3779.15 thousand tonnes with the standard deviation of 6369.63 thousand tonnes. The average food production for India is given as 11466.06 thousand tonnes with the standard deviation of 28539.69 thousand tonnes.
Now, we have to see this descriptive statistics for the food and feed production for the country USA which is given as below:
Descriptive Summary |
||
USA |
||
Feed |
Food |
|
Mean |
8246.194444 |
6112.152381 |
Median |
374.5 |
892 |
Mode |
165 |
0 |
Minimum |
0 |
0 |
Maximum |
140096 |
81513 |
Range |
140096 |
81513 |
Variance |
961442432.4468 |
185683111.3612 |
Standard Deviation |
31007.1352 |
13626.5590 |
Coeff. of Variation |
376.02% |
222.94% |
Skewness |
4.0547 |
3.8044 |
Kurtosis |
15.3711 |
17.1086 |
Count |
36 |
105 |
Standard Error |
5167.8559 |
1329.8160 |
From above table, it is observed that the average feed production for USA is given as 8246.194444 thousand tonnes with the standard deviation of 31007.1352 thousand tonnes. The average food production for USA is given as 6112.152381 thousand tonnes with the standard deviation of 13626.5590 thousand tonnes.
Graphical Analysis
Graphical analysis plays an important role in easy understanding of the concepts. Here, we have to use the graphical analysis for showing the variation of the production in different countries. In this topic, we have to see some graphical analysis of the given data set. Most dark blue colour in the following graph shows the highest yield or production by country.
There are total 115 distinct items included in this study. From big data analysis, it is observed that the highest product of the feed and food in the world is produced within two countries such as USA and India. Now, we have to see some box plots for the comparison of the feed and food for the three countries Australia, India, and USA. Box plots for the food and feed for the Australia are given as below:Australia food and feed production box plot
From above boxplots it is observed that there are outliers exist in the data for the feed and food production in Australia.
Now, we have to see the box plots for the feed and food production in India. Box plots for the feed and food production in India are summarised as below:India feed and food production box plots
From the above box plots, it is observed that there are outliers exist in the data for the feed and food production in India.
Now, we have to see the same comparison for the USA, that is we have to see the box plots for the feed and food production in United States of America. Required box plots are given as below:USA feed and food production box plotsFrom above box plots, it is observed that there are outliers exist in the data for the feed and food production in United States of America.
In this section, we have to use the independent samples t tests for checking the significant difference between the two population means. Here, we have to use this two sample t test for checking the statistically significant difference in the average production between feed and food for all countries. Also, we have to check three claims for comparison purpose. First of all we have to check whether the average Rice food production is more or equal to average rice feed production or not. The null and alternative hypothesis for this test is given as below:
Null hypothesis: H0: The average Rice food production is more or equal to average rice feed production.
Alternative hypothesis: Ha: The average Rice food production is less than average rice feed production.
H0: µ1 ≥ µ2 versus Ha: µ1 < µ2
This is a one tailed test.
Here, we consider 5% level of significance for this two sample t test.
The software output for this test is summarised as below:
Calculations Area |
|
Pop. 1 Sample Variance |
121308196.0000 |
Pop. 2 Sample Variance |
2706025.0000 |
Pop. 1 Sample Var./Sample Size |
697173.5402 |
Pop. 2 Sample Var./Sample Size |
33407.7160 |
For one-tailed tests: |
|
TDIST value |
0.0208 |
1-TDIST value |
0.9792 |
Separate-Variances t Test for the Difference Between Two Means |
|
(assumes unequal population variances) |
|
Data |
|
Hypothesized Difference |
0 |
Level of Significance |
0.05 |
Population 1 Sample |
|
Sample Size |
174 |
Sample Mean |
2168 |
Sample Standard Deviation |
11014.0000 |
Population 2 Sample |
|
Sample Size |
81 |
Sample Mean |
415 |
Sample Standard Deviation |
1645.0000 |
Intermediate Calculations |
|
Numerator of Degrees of Freedom |
533748972026.5930 |
Denominator of Degrees of Freedom |
2823493979.4644 |
Total Degrees of Freedom |
189.0385 |
Degrees of Freedom |
189 |
Standard Error |
854.7405 |
Difference in Sample Means |
1753.0000 |
Separate-Variance t Test Statistic |
2.0509 |
Lower-Tail Test |
|
Lower Critical Value |
-1.6530 |
p-Value |
0.9792 |
Do not reject the null hypothesis |
We do not reject the null hypothesis that the average Rice food production is more or equal to average rice feed production. There is insufficient evidence to conclude that the average Rice food production is less than average rice feed production.
Now, we have to check another hypothesis or claim which is given as below:
Null hypothesis: H0: There is no any statistically significant difference exists between the average production of feed and food for Australia.
Alternative hypothesis: Ha: There is a statistically significant difference exists between the average production of feed and food for Australia.
H0: µ1 = µ2 versus Ha: µ1 ≠ µ2
This is a two tailed test.
Here, we consider 5% level of significance for this two sample t test.
The software output for this test is summarised as below:
Australia
Group Statistics |
|||||
Element |
N |
Mean |
Std. Deviation |
Std. Error Mean |
|
Y2013 |
Feed |
27 |
684.1111 |
1635.16119 |
314.68692 |
Food |
101 |
435.3960 |
941.09915 |
93.64286 |
Independent Samples Test |
||||||||
t-test for Equality of Means |
||||||||
t |
df |
Sig. (2-tailed) |
Mean Difference |
Std. Error Difference |
95% Confidence Interval of the Difference |
|||
Lower |
Upper |
|||||||
Y2013 |
Equal variances assumed |
1.025 |
126 |
.307 |
248.71507 |
242.67304 |
-231.52774 |
728.95789 |
Equal variances not assumed |
.758 |
30.746 |
.455 |
248.71507 |
328.32429 |
-421.13118 |
918.56132 |
For this test, the p-value is given as 0.455 (equal variances not assumed) which is greater than the level of significance or alpha value 0.05, so we do not reject the null hypothesis that There is no any statistically significant difference exists between the average production of feed and food for Australia.
There is insufficient evidence to conclude that there is a statistically significant difference exists between the average production of feed and food for Australia.
Now, we have to check same hypothesis for India. Here, we have to check whether there is a statistically significant difference exists between the average production of feed and food for India or not. We have to use same test i.e. two sample t test for checking this hypothesis or claim. The null and alternative hypothesis for this test is given as below:
Null hypothesis: H0: There is no any statistically significant difference exists between the average production of feed and food for India.
Alternative hypothesis: Ha: There is a statistically significant difference exists between the average production of feed and food for India.
H0: µ1 = µ2 versus Ha: µ1 ≠ µ2
This is a two tailed test.
Here, we consider 5% level of significance for this two sample t test.
The software output for this test is summarised as below:
Group Statistics |
|||||
Element1 |
N |
Mean |
Std. Deviation |
Std. Error Mean |
|
Ye2013 |
Feed |
26 |
3779.1538 |
6369.62543 |
1249.18632 |
Food |
108 |
11466.0648 |
28539.68903 |
2746.23286 |
Independent Samples Test |
||||||||
t-test for Equality of Means |
||||||||
t |
df |
Sig. (2-tailed) |
Mean Difference |
Std. Error Difference |
95% Confidence Interval of the Difference |
|||
Lower |
Upper |
|||||||
Ye2013 |
Equal variances assumed |
-1.362 |
132 |
.176 |
-7686.91097 |
5645.73665 |
-18854.73609 |
3480.91415 |
Equal variances not assumed |
-2.548 |
131.723 |
.012 |
-7686.91097 |
3016.99542 |
-13654.94207 |
-1718.87986 |
For this test, the p-value is given as 0.012 (equal variances not assumed) which is less than the level of significance or alpha value 0.05, so we reject the null hypothesis that there is no any statistically significant difference exists between the average production of feed and food for India.
There is sufficient evidence to conclude that there is a statistically significant difference exists between the average production of feed and food for India.Now, we have to check same hypothesis for USA. Here, we have to check whether there is a statistically significant difference exists between the average production of feed and food for USA or not. We have to use same test i.e. two sample t test for checking this hypothesis or claim. The null and alternative hypothesis for this test is given as below:
Null hypothesis: H0: There is no any statistically significant difference exists between the average production of feed and food for USA.
Alternative hypothesis: Ha: There is a statistically significant difference exists between the average production of feed and food for USA.
H0: µ1 = µ2 versus Ha: µ1 ≠ µ2
This is a two tailed test.
Here, we consider 5% level of significance for this two sample t test.
The software output for this test is summarised as below:
USA
Group Statistics |
|||||
Element2 |
N |
Mean |
Std. Deviation |
Std. Error Mean |
|
Yr2013 |
Feed |
36 |
8246.1944 |
31007.13519 |
5167.85586 |
Food |
105 |
6112.1524 |
13626.55904 |
1329.81600 |
Independent Samples Test |
||||||||
t-test for Equality of Means |
||||||||
t |
df |
Sig. (2-tailed) |
Mean Difference |
Std. Error Difference |
95% Confidence Interval of the Difference |
|||
Lower |
Upper |
|||||||
Yr2013 |
Equal variances assumed |
.566 |
139 |
.572 |
2134.04206 |
3769.95801 |
-5319.83493 |
9587.91905 |
Equal variances not assumed |
.400 |
39.730 |
.691 |
2134.04206 |
5336.21072 |
-8653.12609 |
12921.21022 |
For this test, the p-value is given as 0.691 (equal variances not assumed) which is greater than the level of significance or alpha value 0.05, so we do not reject the null hypothesis that there is no any statistically significant difference exists between the average production of feed and food for USA.
There is insufficient evidence to conclude that there is a statistically significant difference exists between the average production of feed and food for USA.
Two Way ANOVA
In this section, we have to see some advanced analysis for the given data. Here, we want to check whether average food and feed production is same for the three nations Australia, India, and United States of America. For checking this hypothesis we have to use two analysis of variance or ANOVA. The null and alternative hypothesis for this test is given as below:Null hypothesis: H0: There are no any statistically significant differences in the average feed and food production for the three countries such as Australia, India, and USA.
Alternative hypothesis: Ha: There are statistically significant differences in the average feed and food production for the three countries such as Australia, India, and USA.
Here, we consider 5% level of significance for this two sample t test.
The software output for this test is summarised as below:
Between-Subjects Factors |
||
N |
||
Area |
Australia |
128 |
India |
134 |
|
United States of America |
141 |
|
Element |
Feed |
89 |
Food |
314 |
Descriptive Statistics |
||||
Dependent Variable:Y2013 |
||||
Area |
Element |
Mean |
Std. Deviation |
N |
Australia |
Feed |
684.1111 |
1635.16119 |
27 |
Food |
435.3960 |
941.09915 |
101 |
|
Total |
487.8594 |
1120.32829 |
128 |
|
India |
Feed |
3779.1538 |
6369.62543 |
26 |
Food |
11466.0648 |
28539.68903 |
108 |
|
Total |
9974.5746 |
25927.24058 |
134 |
|
United States of America |
Feed |
8246.1944 |
31007.13519 |
36 |
Food |
6112.1524 |
13626.55904 |
105 |
|
Total |
6657.0142 |
19472.25468 |
141 |
|
Total |
Feed |
4647.1011 |
20125.81460 |
89 |
Food |
6127.6624 |
18992.43598 |
314 |
|
Total |
5800.6898 |
19232.75348 |
403 |
Required ANOVA table is summarised as below:
Tests of Between-Subjects Effects |
|||||
Dependent Variable:Y2013 |
|||||
Source |
Type III Sum of Squares |
df |
Mean Square |
F |
Sig. |
Corrected Model |
7.412E9 |
5 |
1.482E9 |
4.166 |
.001 |
Intercept |
7.153E9 |
1 |
7.153E9 |
20.099 |
.000 |
Area |
2.745E9 |
2 |
1.373E9 |
3.857 |
.022 |
Element |
2.132E8 |
1 |
2.132E8 |
.599 |
.439 |
Area * Element |
1.221E9 |
2 |
6.105E8 |
1.715 |
.181 |
Error |
1.413E11 |
397 |
3.559E8 |
||
Total |
1.623E11 |
403 |
|||
Corrected Total |
1.487E11 |
402 |
|||
a. R Squared = .050 (Adjusted R Squared = .038) |
For entire model, the significance value or the P-value is given as 0.001 which is less than alpha value 0.05, so we reject the null hypothesis that there are no any statistically significant differences in the average feed and food production for the three countries such as Australia, India, and USA. There is sufficient evidence to conclude that there are statistically significant differences in the average feed and food production for the three countries such as Australia, India, and USA.
Estimated marginal means are summarised as below:
1. Grand Mean |
|||
Dependent Variable:Y2013 |
|||
Mean |
Std. Error |
95% Confidence Interval |
|
Lower Bound |
Upper Bound |
||
5120.512 |
1142.158 |
2875.078 |
7365.947 |
Estimates |
||||
Dependent Variable:Y2013 |
||||
Area |
Mean |
Std. Error |
95% Confidence Interval |
|
Lower Bound |
Upper Bound |
|||
Australia |
559.754 |
2043.563 |
-3457.805 |
4577.312 |
India |
7622.609 |
2060.533 |
3571.689 |
11673.529 |
United States of America |
7179.173 |
1821.752 |
3597.686 |
10760.661 |
Pairwise comparisons for this study are given as below
Pairwise Comparisons |
||||||
Dependent Variable:Y2013 |
||||||
(I) Area |
(J) Area |
Mean Difference (I-J) |
Std. Error |
Sig.a |
95% Confidence Interval for Differencea |
|
Lower Bound |
Upper Bound |
|||||
Australia |
India |
-7062.856* |
2902.059 |
0.015 |
-12768.2 |
-1357.53 |
United States of America |
-6619.420* |
2737.688 |
0.016 |
-12001.6 |
-1237.24 |
|
India |
Australia |
7062.856* |
2902.059 |
0.015 |
1357.531 |
12768.18 |
United States of America |
443.436 |
2750.378 |
0.872 |
-4963.69 |
5850.561 |
|
United States of America |
Australia |
6619.420* |
2737.688 |
0.016 |
1237.243 |
12001.6 |
India |
-443.436 |
2750.378 |
0.872 |
-5850.56 |
4963.69 |
|
Based on estimated marginal means |
||||||
*. The mean difference is significant at the .05 level. |
||||||
a. Adjustment for multiple comparisons: Least Significant Difference (equivalent to no adjustments). |
Univariate Tests |
|||||
Dependent Variable:Y2013 |
|||||
Sum of Squares |
df |
Mean Square |
F |
Sig. |
|
Contrast |
2.745E9 |
2 |
1.373E9 |
3.857 |
.022 |
Error |
1.413E11 |
397 |
3.559E8 |
||
The F tests the effect of Area. This test is based on the linearly independent pairwise comparisons among the estimated marginal means. |
Estimates |
||||
Dependent Variable:Y2013 |
||||
Element |
Mean |
Std. Error |
95% Confidence Interval |
|
Lower Bound |
Upper Bound |
|||
Feed |
4236.486 |
2020.854 |
263.574 |
8209.399 |
Food |
6004.538 |
1065.013 |
3910.768 |
8098.307 |
Pairwise Comparisons |
||||||
Dependent Variable:Y2013 |
||||||
(I) Element |
(J) Element |
Mean Difference (I-J) |
Std. Error |
Sig.a |
95% Confidence Interval for Differencea |
|
Lower Bound |
Upper Bound |
|||||
Feed |
Food |
-1768.051 |
2284.316 |
.439 |
-6258.920 |
2722.818 |
Food |
Feed |
1768.051 |
2284.316 |
.439 |
-2722.818 |
6258.920 |
Univariate Tests |
|||||
Dependent Variable:Y2013 |
|||||
Sum of Squares |
df |
Mean Square |
F |
Sig. |
|
Contrast |
2.132E8 |
1 |
2.132E8 |
.599 |
.439 |
Error |
1.413E11 |
397 |
3.559E8 |
||
The F tests the effect of Element. This test is based on the linearly independent pairwise comparisons among the estimated marginal means. |
4. Area * Element |
|||||
Dependent Variable:Y2013 |
|||||
Area |
Element |
Mean |
Std. Error |
95% Confidence Interval |
|
Lower Bound |
Upper Bound |
||||
Australia |
Feed |
684.111 |
3630.562 |
-6453.418 |
7821.641 |
Food |
435.396 |
1877.133 |
-3254.967 |
4125.759 |
|
India |
Feed |
3779.154 |
3699.721 |
-3494.341 |
11052.649 |
Food |
11466.065 |
1815.281 |
7897.300 |
15034.830 |
|
United States of America |
Feed |
8246.194 |
3144.159 |
2064.913 |
14427.476 |
Food |
6112.152 |
1841.031 |
2492.764 |
9731.540 |
Advance Analysis
Total Rice Food production in year 2013 for entire world is given as 377286000 tones.
We consider total food consumption is same as total food production. (Most of the times estimate for total production and total consumptions are approximately same or near. For Convenience, we consider that total consumption is same as total production, we don’t have proper estimates available for total consumption. There is lack of data for some countries.)
Estimated world Population for year 2013 is 7,213,426,452.
(This population estimate for world population is taken from internet
Now, we have to find out the per capita food consumption for the year 2013.
Per capita food consumption = Total food consumption / Total population
Per capita food consumption = 377286000 / 7213426452 tones per person per year
Per capita food consumption = 377286000 / 7213426452 tones per person per year
Per capita food consumption = 0.0523 tones per person per year
Per capita food consumption = 52.3 kg/year
(Daily 143 grams of rice food consumption per person)
From this analysis, it is observed that per capita rice food consumption for the year 2013 is given as 52.3 kg.
Conclusions
For this research study, conclusions are summarised as below:
Recommendations for CEO
From above data analytics study, some recommendations for the CEO are made in terms of product description. These recommendations are given as below:
Cover Letter
To,
CEO,
XYZ company,
(Address)
Hello,
With regarding the data analytics for the given big data for the item rice food and feed, this study revealed some facts which are summarised below:
Some of the recommendations based on this study are summarised as below:
Hope, these study outputs will help you in further decision making. Thank you
Mr/Ms ABC
Sr. Analyst,
(Date and sign)
References
Casella, G. and Berger, R. L. (2002). Statistical Inference. Duxbury Press.
Cox, D. R. and Hinkley, D. V. (2000). Theoretical Statistics. Chapman and Hall Ltd.
Degroot, M. and Schervish, M. (2002). Probability and Statistics. Addison – Wesley.
Dobson, A. J. (2001). An introduction to generalized linear models. Chapman and Hall Ltd.
Evans, M. (2004). Probability and Statistics: The Science of Uncertainty. Freeman and Company.
Hastle, T., Tibshirani, R. and Friedman, J. H. (2001). The elements of statistical learning: data mining, inference, and prediction: with 200 full-color illustrations. Springer – Verlag Inc.
Hogg, R., Craig, A., and McKean, J. (2004). An Introduction to Mathematical Statistics. Prentice Hall.
Liese, F. and Miescke, K. (2008). Statistical Decision Theory: Estimation, Testing, and Selection. Springer.
Pearl, J. (2000). Casuality: models, reasoning, and inference. Cambridge University Press.
Ross, S. (2014). Introduction to Probability and Statistics for Engineers and Scientists. London: Academic Press.
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