Inferential Statistics and Findings
In this paper we will discuss the basics concepts of statistics and probability theory related to a real-world problem. In this case we are given with the data set of the total net income of Makai Transport, given quarterly from December 2011 to September 2014. The question is to investigate if the external factor of fuel price during the same period has affected the company net income. We know that fuel prices are strongly associated with the world oil prices. We collected the information about oil prices during the same period of time and give it in a table Continue reading...