Measuring the Real World: A Textbook of Applied Statistical by Heiner Thiessen

By Heiner Thiessen

Deals an creation in utilized information targeting the various statistics of present day society--world huge inhabitants development, monetary advancements, foreign exchange and effort intake, international maldistribution of source of revenue and absorption of assets, depletion of species and assets, environmental adjustments, and human difficulties.

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Year World industrial production index (1963 = 100) Year World industrial production index (1963 = 100) 1929 29 1965* 116 1932 18 1970 159 1937 32 1975 192 1946 35 1980 237 1950 48 1985 257 1955 65 1990 308 1960 80 1995t * Value for 1965 was not available and is an interpolation of figures for 1963 (100) and 1967 (131). ** Fill in as index value becomes available. Source: Institute for Policy and Social Science Research, Durham, New Hampshire, 1994. 1 and show the general direction of development from 1929 onwards.

Source:Â BPÂ (1994). As explained earlier, the WRLI depends on a number of variables: 1. The volume of proved and economically recoverable reserves. 2. The level of commodity prices which can turn previously uneconomic reserves into economic propositions. 3. Advances in extraction technology. 4. Political stability in regions of resource concentration. 5. The rate of future consumption of oil which could fall, remain constant or rise. 8 you can see time series concerning 'proved reserves' for oil and natural gas which can be exploited economically.

The stock and flow magnitudes above are examples of such primary magnitudes. 1 there are two other examples of sets of primary magnitudes. These primary magnitudes are very interesting in themselves and show a clear ranking order of fatalities resulting from road accidents. They also give you a good idea about the annual volume of fatal road accidents in the European Community. Task 1 How many fatal road accidents happened in 1990 in the EC? And how many people sustained injuries in road accidents in the EC in 1990?

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