Question 2: Malaysia is facing decline in birth rate since decades ago. For example, Malaysia recorded 423,124 births in 2022, as compared to 439,744 births (a 3.9% drop) recorded in 2021 - according to the Department of Statistics, Malaysia. You and your group members need to collect data regarding the birth rate in Malaysia, such as comparing the birth rate between developing countries (e.g. Malaysia) and developed countries (e.g Japan). Include the factors/variables that can affect the birth rate such as the education level by gender, household income/GDP, price indices etc and tabulate it in a Table and/or graph. List down all methods/assumptions/values/references used to solve the problem. Show how you can apply the statistical toolpak and probability toolpak in EXCEL for the data analysis and draw meaningful conclusions based on the data that you have collected. You need to compare the EXCEL result with manual calculation. Refer to your own significant findings, suggest on how to improve the birth rate in Malaysia and provide justification for your suggestion. (25 marks)

Question 2: Malaysia is facing decline in birth rate since decades ago. For example, Malaysia recorded 423,124 births in 2022, as compared to 439,744 births (a 3.9% drop) recorded in 2021 - according to the Department of Statistics, Malaysia. You and your group members need to collect data regarding the birth rate in Malaysia, such as comparing the birth rate between developing countries (e.g. Malaysia) and developed countries (e.g Japan). Include the factors/variables that can affect the birth rate such as the education level by gender, household income/GDP, price indices etc and tabulate it in a Table and/or graph. List down all methods/assumptions/values/references used to solve the problem. Show how you can apply the statistical toolpak and probability toolpak in EXCEL for the data analysis and draw meaningful conclusions based on the data that you have collected. You need to compare the EXCEL result with manual calculation. Refer to your own significant findings, suggest on how to improve the birth rate in Malaysia and provide justification for your suggestion. (25 marks)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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