Research paper on descriptive analysis assignment

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Reference no: EM133999639

Research Paper: Descriptive Analysis Assignment Instructions

Overview
A simple way to analyze fiscal data over time is via descriptive statistics. Descriptive Statistics refer to the analysis, summary, and presentation of findings related to a data set derived from a sample or entire population. Descriptive statistics comprise three main categories - Frequency Distribution, Measures of Central Tendency, and Measures of Variability. Although descriptive statistics may provide information regarding a data set, they do not allow for conclusions to be made based on the data analysis but, rather, provide a description of the data being analyzed.

Value of Descriptive Statistics
Descriptive statistics allow for the ease of data visualization. They allow for data to be presented in a meaningful and understandable way, which, in turn, allows for a simplified interpretation of the data set in question. Raw data would be difficult to analyze, and trend and pattern determination may be challenging to perform. In addition, raw data makes it challenging to visualize what the data is showing. Descriptive statistics are used to summarize complex quantitative data. No AI shortcuts — Get genuine assignment help from experienced, real tutors.

The coefficient of variation measures how far the data points (monthly taxes) are from the mean. The less spread, the smaller the coefficient of variation, thus one can have more confidence that the collected monthly taxes will be parallel, creating less financial risk. Conversely, the greater the spread, the larger the coefficient of variation, thus one can have less confidence that the collected monthly taxes will be parallel, creating more financial risk.

Instructions
For this assignment, students will compute the coefficient of variation and interpret and write a four-page memo stating the findings.
Submit research paper as a research memo:
To:
From:
Subject:
The paper content should consist of:
At least two of pages describing the value of the standard deviation and coefficient of variation and how they can be used in risk assessment.
A table of computational findings using the Revenue Analysis Template.
Analysis of the coefficients of variation as they pertain to the two risk assessment research questions for two states.

Reference no: EM133999639

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