Please help answer this question:

Write your report to the President of Turnkey Corp using the report guidelines found on the course web site and incorporating answers to the five questions below.

Q. 1. Statistics provided by developing countries are not always reliable. Data can be hard to gather and is sometimes reported incorrectly. From your analysis of Turgistan, you conclude that citizens there average $1,000 per month in household disposable income. The Minister of Development for Azmenistan says that disposable income is the same in his country. To see if the data supports this, your company has sampled 100 households from Azmenistan and obtained data on household disposable income. Use the Excel file ngi-data.xls, found on the course website to:

Disposable Income

602.00

822.65

842.79

840.95

820.94

958.15

910.10

957.48

995.66

867.17

802.62

1008.77

745.97

905.88

940.84

754.77

960.76

897.26

835.38

925.79

948.25

872.22

719.48

883.08

1028.29

738.20

996.32

919.36

819.94

1004.23

861.31

1067.62

847.87

1041.80

791.61

906.73

1033.35

935.21

983.94

1004.91

993.60

970.68

794.23

948.29

949.45

804.84

936.08

986.73

784.51

922.03

1014.22

963.19

829.64

806.42

860.37

891.54

731.69

888.42

868.95

1025.60

976.48

878.54

871.55

772.61

953.84

830.44

859.37

781.73

880.33

915.49

939.17

867.59

804.17

924.46

847.51

882.95

818.04

807.13

892.76

824.78

977.04

1079.09

895.89

872.66

953.17

994.84

842.77

1033.59

766.47

976.48

846.98

942.39

840.77

856.07

1041.24

782.38

884.30

970.45

878.92

961.68

a. Derive a frequency distribution of income

b. Create a histogram of income

c. Obtain and interpret the sample mean and standard deviation

d. Test the hypothesis, at the 5% significance level, that Azmenistan also has a mean of $1,000
 

Turnkey Corp You are the financial vice-president of Turnkey Corp, a large manufacturer of consumer durables that is considering expanding into two developing countries. Azmenistan and Turgistan recently split off from the former Soviet Union and may provide opportunities for both manufacturing and sales for your company. While the two countries have similar backgrounds and current GDPs, they differ substantially in economic policies. Because of limited resources, your company can only expand into one country. You would like to invest in a country that will be growing rapidly so that the citizens will be able to afford to buy your products. Your job is to assess the prospects for investing in the two countries. In making your decisions, you have met with the Minister of Commerce for Turgistan, Mr. Boris, and the Minister for Development for Azmenistan, Mr. Volkov. Your company has also sent a number of representatives to the two countries to gather data to help you make your decision. Azmenistan Azmenistan has had a democratic and populist tradition. This has resulted in the people enjoying substantial civil rights after independence, including free speech and popular elections. However, the government has an inefficient civil service and a mixed record of enforcing property rights. Investment in education and physical capital is low even though public spending and the federal deficit are high. Turgistan Turgistan is run by a generally peaceful one-party government. The government budget has been balanced, with taxes and tariffs at a level typical for a developing country. Government spending has focused on education with the goal of universal primary education. The legal system is well developed and has been effective in supporting property rights (although less effective for political rights). Corruption is low. Unlike Azmenistan, Turgistan is more restrictive in terms of civil rights and democracy. There are no prospects for elections in the near future and a number of opposition leaders have been jailed. All television and radio are run by the government. Newspapers have a close relationship with the government and generally follow a pro-government line.