Finance C1 Essay Example | Topics and Well Written Essays - 1250 words

Finance C1 - Essay Example ence on the textile import from Asia especially from China, Pakistan , India and Bangladesh coupled with China’s traditional superiority in producing cost effective products gave EU a opportunity to increase its trade volume with the region and with it the currency of the trade also. The recent economic happenings in the world economy are clearly suggesting a weakening American economy which is lingering from its subprime crisis and now seems to be engulfing into the energy crisis as the oil prices have started to raise also. The overall situation suggests a different story, a new feature, and new rules of the economic superiority in the world. Though the US is the largest single economy in the world however, its neighboring countries are not that powerful in terms of their economic standing therefore any kind of regional pacts such as EU may not provide a more and better economic power to US to further influence the world economy. In the spring of 2008, dollar traded nearly at $1.6 per Euro suggesting the slide of Dollar against the Euro in the recent past. The rising dollar against the Euro as well as a mild to medium recession into the US economy is suggesting a hint of decrease in the overall competitiveness of the US economy. The consistent slide of dollar in the international market against another major currency suggest that the future may develop itself into a new face where the currency of competition within the international markets may no longer remain as dollar but may very well see Euro as the major currency for trade in international market. The British Prime Minister has recently said that all the Europe will combine together to bail out the current crisis into the international markets and many observers view this statement within the context of the dominance of the EU over the world markets if it succeed in bringing the required stability into the world economic markets. (Rhodes, 2008). The qu estion whether the Euro will lead the future

R Software to complete this task Coursework Example | Topics and Well Written Essays - 500 words

R Software to complete this task - Coursework Example The negative skewness implies that there are more data points on the left side of the histogram (negative side of a skew plot). One can conclude that the life expectancy across the 182 countries is well below 70 years. The scatter plot above barely indicate any form of correlation between internet usage and life expectancy. However, it is clearly indicative that as internet usage increase from 20 to 80, the life expectancy tends to stay above 70 years and steadily moves towards 80 years. This can be simply explained by the fact that increased internet usage leads to better health care awareness. Being exposed to better and healthy living habits and information through the internet may be the cause for increased longevity. The histogram for life expectancy in Europe also shows that the distribution is negatively skewed, but much lesser compared to the entire world life expectancy. The skewness coefficient stands at (-0.52496). However, looking at the bar plots above, there seems to be a reduced number of age data points on the left side. This means that Europe experience increased longevity compared to the world (Reimann et al.). A careful look at the histogram shows that between ages 60 to age 78, the distribution is symmetrical. However, when the age limit is extended above 80, the distribution becomes negatively skewed. The life expectancy in Europe is much higher compared to the 182 countries. The first histogram plot clearly shows that the life expectancy across the 182 countries is 70 years, while the second histogram plot shows that the life expectancy in Europe is at 78 years. Both histograms distribution are negatively skewed, however, Europe seems to have more access to information technology (internet access) which obviously has improved the living standard and heath care for the aging population. In addition, one can also conclude that since Europe has many developed markets, a huge proportion of the population is able to