Taking a Consider 'Losses due to theft and vandalism (% of annual sales of affected firms)' data as a regressand of the study, each team should split the countries into two groups - based on reasonable classifications.

https://docs.google.com/file/d/1eLaW9VvLhbKfCRWHwYfNH88yIdDDcPPe/edit?usp=docslist_api&filetype=msexcel

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split the cross-country data into two groups based on chosen classification. The grouping of

the countries should reflect clear differences between the grouped-countries on the basis of relevant reasoning. For example, the countries can be categorized based on economic, political, social, cultural, geographical or other relevant factors, etc.

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