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Showing posts with label Education. Show all posts
Showing posts with label Education. Show all posts

Tuesday, 15 February 2022

How to Get Started with Descriptive Statistics Assignments?

Emma Charlotte
How to Get Started with Descriptive Statistics Assignments?
Academic assignments are full of facts and figures that increase the quality and validity of the reports, thesis, and discussions to get high grades. Statistical applications in assignments make the process easy and present findings in a proper way like tables, charts, and diagrams. Descriptive Statistics is vital to describe features of a sample in a numeric shape. Without presenting complete information about the sample, it is impossible to start an assignment. Thus, descriptive statistics have a great role and need to make assignments well-structured and authentic. It is also essential to clarify the position, shape, and distribution of data to make it easy to understand.

Descriptive statistics need more care and attention to present appropriate numbers in tables. It is important to know about the steps and types of descriptive statistics in this way. It helps the students to write assignments and connect discussion and results. Various types of statistical data and processes are a vital part of students' tasks. In this way, descriptive statistics assignments are very important. These cannot complete without knowing about features and types of statistical tools. This is why assignment writing services are the most important to solve the statistics assignments. This article aims to discuss the points, processes, and types of descriptive statistics. It also focuses on how to write descriptive statistics assignments in detail.
 

Things to Know Before Starting Descriptive Statistics Assignments

There are various important things to know before starting a descriptive statistics assignment. The first thing to know is the need and learning outcomes of the assignment. Effective knowledge about the target population and sample is a key factor. Without knowing descriptive statistics, it is not possible to identify the findings. It is also important to know about the format of presenting descriptive statistics in the assignment. It makes and develop a connection with findings and present the data step by step. Knowing about the steps, processes and types of descriptive statistics is vital to carry out the assignments in a formal way and meet the learning outcomes of the task. These all are important points to know and start descriptive statistics assignments.
 

Types of Descriptive Statistics to Know Before Start of Assignment

Assignments are different in types and purposes to enhance student skills. Various types of descriptive statistics help to make a valuable presentation of the data in academic tasks. Every type has a different aim and way of starting and completing things. The followings are three major categories of descriptive statistics in assignments.
 

Distribution

It is the first type of descriptive statistics to present information about several participants. It describes the frequencies of samples in the assignments. For example, tables show the frequency of males and females with exact values. It also helps to describe the number of participants who have not answered. It provides the exact information of how many males are part of the study. These all are possible features with the distribution type of descriptive statistics.
 

Central Tendency

It is a major type of descriptive statistical assignment that provides average. Through this type, it is possible to get exact values of median, mode and mean. For example, central tendency measures the average score of a variable at any point. Like average age of participants is 23, and 50% of males are above 25. It also provides a centre for samples in descriptive statistics assignments.
 

Variability

It is an essential type of descriptive statistics that calculate and measure the range of variables, distribute the data on graphs. This type makes it possible to get each sample range, age limit, and shape. It plans the graphical presentation of the data in charts. All these features and types of descriptive statistics make it possible to estimate results and samples in the shape of range, average and median.
 

Steps and Process to Start and Write Descriptive Statistics Assignments

Before writing any assignment, it is vital to study the requirements, marking criteria and learning outcomes. After that, plan and then execute this in writing an assignment. Descriptive statistics assignments are different from traditional tasks and require more attention. Following are steps and processes to start a descriptive statistics assignment.
 

Size Description

Writing the assignment with factual data is vital to improve quality and validity. The sample size is the first thing to write the descriptive statistics, which is possible with size description. It is the first step to start an assignment in this category of descriptive statistics. It provides frequencies of the sample and participants with their features.
 

Centre Description

Mean, median and mode are important to develop and present the average for sample findings. It elaborates the median of the sample and make findings more predictable. In the descriptive assignments, this step helps to make the study authentic and valid.
 

Separation of data

Separation of data measures the range of variables which helps to indicate the geographical presentation of demographics. It clears about data separation from centre to other points. It provides variance, range, and standard deviation of the variables in descriptive statistics assignments.
 

Assess shape of data

It is a more predictable and practical step that shapes the graphs' data and results. This process makes it possible to determine skew and cycle of data in left and negative right. It also determines the z score of the population and sample with positive and negative values to identify either relationship between variables is positive or negative.
 

Comparison

It is the last step in which descriptive statistics make it possible to compare the data. It helps to use the standard deviation, range, and central tendency to predict. It also helps to compare results for males and females.
 

Conclusion

Some points are essential to completing the descriptive statistics assignments for best grades and quality. There is a need to focus on the technical and formatting points to start the task. The first thing is to know about the steps and types of descriptive statistics. The most important thing is to connect the information with discussion. Above mentioned all are essential points of descriptive statistics to start writing the descriptive statistics assignments.

Wednesday, 15 December 2021

Things to Know About Aggregate Demand and Supply in Macroeconomics

Emma Charlotte
Aggregate Demand and Supply
It is one of the most important topics of macroeconomics. Any economy produces a number of goods and services. This produced quantity is output. We can determine the total output of any economy with the help of aggregate demand and supply. If a country has a higher output level, it will be rich. It is not the money that makes a country rich. From an economist perspective, it is critical to understand the fluctuations of output. If he understands this thing, he will be able to analyze the economic growth in the long term. Any increase in growth and factors of production will influence the level of output. There are some other factors too that will help to fluctuate the level of output. Those factors can be land, labour and capital. Apart from this, economic efficiency also can fluctuate the level of output. This article by professional dissertation writers aims to provide a brief overview of aggregate demand and supply.

Demand, Supply and Equilibrium:

The will to buy goods and services is often termed as demand. At the same time, supply is the opposite of demand. It means the number of goods and services a producer is willing to sell at a set price. It is important to remember that other things will be constant. Equilibrium is the point where demand and supply forces intersect each other. There will be no external forces that will influence the equilibrium value. Those forces can be price and quantity. Before we go into details, it was important to discuss this area of economics. This important aspect will help us understand the given topic.

Aggregate Supply and Aggregate Demand:

It is the sum of all the goods and services that a firm sells at a given time in a national economy. Firms will sell these goods and services at a set value in an economy. At the same time, aggregate demand is the overall need for goods and services across the economy. Consumers are inclined to this economic consumption at a set value in a given time. It is the gross domestic product of a country.

Aggregate Supply-Aggregate Demand Model:

Equilibrium is the level at which the quantity demanded meets the quantity supplied. We can represent this on AS-AD Model. It is the model where both demand and supply forces intersect each other. In the long run, any rise in AD will lead to an upsurge in the price. When there will an increase in demand, it will shift towards right. In the longer run, capital, labour, and technology affect the aggregate supply. For example, an increase in population will affect the aggregate supply.

It is aggregate supply that determines the aggregate demand. So, there is a direct relationship between demand and the prices of goods and services. If both aggregate demand and supply shift, the equilibrium point will also shift. If the aggregate demand curve shifts, the equilibrium point will move horizontally. Along with the equilibrium point, the aggregate supply curve will also shift. It will keep shifting until there is a new aggregate demand point.

Reasons for Shift in Aggregate Demand and its Consequences:

The aggregate demand curve changes the equilibrium price and level of output. This curve will shift because of consumer spending. If consumer spending declines, it will shift to the left. If consumer spending increases, it will shift to the right. Consumers can decide to spend less because of the increasing cost of living. Government taxes are another reason in this regard. So, a consumer can decide to spend less and save more.

It will help him to meet unexpected expenses such as future increases in prices. One of the major consequences of the right-ward shift of this curve is a price increase. It will increase the level of production that will result in increasing the price level. There is another consequence when the economy is close to the optimal level. It will increase the price more than the output when aggregate demand rises.

Shifts in the Aggregate Supply-Aggregate Demand Model:

The AS-AD model is based upon the theory of demand and supply. This model helps demand and supply forces to meet macroeconomic equilibrium. The shape of AS curve will help to determine the shape of the AD curve. If there is an increase in AS curve, it will increase the AD curve. An upsurge in the AD curve will increase the output or prices. If there is an increase in aggregate demand, it will shift the curve right-ward. When it shifts to the right, it will increase the level of production. Apart from this, there will be a price increase too. When an economy is dominating by the price increase, it is near to reaching its optimal level.

Reasons for Shift in Aggregate Supply and its Consequences:

The AS (aggregate supply) curve will move because of the cost of production. If there is an increase in taxes, labour wages, and material prices, it will shift the AS curve. Any change in quality and quantity of labour will also shift this curve. It will affect the AS curve both in the short-run and long run. If labour or any other input becomes cheaper, it will cause a supply shock. As a result that, the aggregate supply curve will shift outward. It will result in a drop in equilibrium price. When equilibrium price decreases, it will increase the equilibrium quantity.

Also Read This: Things To Know About The Usage Of Et Alia (Et Al.) In Research Writing

Conclusion:

AD-AS model is one of the most important aspects of macroeconomics. This model helps to determine the level of out any economy is producing at any given time. It is important to understand the scenarios that will cause a shift in AS and AD curves. For example, the AD curve shifts rightward because of increasing consumer spending. As a result of this shift, the price level will increase. The AS curve will shift because of labour and material prices. If the price decreases, there will be a supply shock. It will shift the supply outward and result in the disequilibrium of price.

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