Data Analysis
Introduction The aim of this report is to analyse and interpret the quantitative data of the United States Dollar in 2003 in comparison to the International Arrivals into Australia for the same year. The data was found in two different web sites; the Australian Bureau of Statistics (ABS) and the X-rates. ... The data used has been categorised into two variables, the monthly exchange rate of the U. ... The nature of the data adopts a positivistic paradigm as it is quantitative and of a scientific nature. ... 47) The quantitative data will take the form of numerical values, which represent the total number of observations or frequencies. The statistical data will be analysed by the use of the SPSS program which will calculate and then illustrate the data to show the mode, median, mean, standard deviation, correlation and box plot. ... By analyzing the following table from the SPSS program one can see that there are 12 observations or frequencies used in the data set. ... S arrivals into Australia it can be seen that it is positively skewed as the data is bunched to the bottom side of the central tendency even though the median value is skewed to the top of the distribution. This again changes for the USD to the AUD as the data is negatively skewed as the data is bunched to the top of the distribution and the rest is tailed out towards the bottom. ... Conclusion From the above information and analysis it can be said that there is very little or no correlation between the two variables of USD Currency Rate to $1 AUD and the number of U. ... This may however change so that a study and analysis of previous years and following years, when there is more global stability will be required to ensure that other factors are not influencing the results of 2003.