QUANTITATIVE METHODS IN BUSINESS & MANAGEMENT Coursework

QUANTITATIVE METHODS IN BUSINESS & MANAGEMENT - Coursework Example The  Organisation for Economic Co-operation and Development  (OECD), founded in 1961, is an international economic organization dedicated to the global development. The mission of the OECD is to promote policies that will improve the economic and the social well-being of the people around the world. Initially in 1960, there were 18 European countries along with the United States and Canada, which joined hands to form an organization. Today, there are 34 member countries across the globe, including nationals from America, Europe and Asia-Pacific region. The OECD also works with emerging giants like China, India and Brazil and developing economics in Africa, Asia, Latin America and Caribbean to build a stronger, cleaner and fairer world. This report examines the life expectancy at birth in the OECD countries to see if there exists a difference in the life expectancy at birth between males and females in the OECD countries. Furthermore, this report will also examine whether there is an effect of economic indicators such as inflation rate, unemployment rate and gross domestic product on the life expectancy at birth in the OECD countries. The main hypotheses investigated are: The data are collected from the OECD Statistics database. The data are collected for the year 2011. There are four variables in the dataset; inflation rate, unemployment rate, gross domestic product and life expectancy at birth (total, males and females). All the variables are numerical variables measured on a ratio scale. There are 34 observations in the data. Table 1 summarizes about the data. The average inflation rate in the OECD countries in the year 2011 was 3.12% and vary from the mean by about 1.26%. About half of the OECD country’s inflation rate was above 3.32%. The range of inflation rate was 6.76% with maximum inflation rate being 6.47% for the Turkey and minimum inflation rate being -0.28% for