Decision Science - Economics Assignment Help

Assignment Task

1. Calculate the probabilities for the following statements as per the given scenario and draw the probability tree diagram also (Note: This diagram can be prepared
in MS-Paint or manually).
A study undertaken by the Rajan Supervisor of Elections in 2002 revealed that 44% of registered voters are ‘Dharwadi Yuth’, 37% are Rajmoti, and 19% are others. If two
registered voters are selected at random, what is the probability that both of them have the same party affiliation?

2. Calculate the correlation between pairs (recommended below) of the following variables and write interpretation for each correlation coefficient. (Note: For the
following pairs, correlation can be calculated using EXCEL.)
Recommended Pairs:
1. Correlation between ‘number of female migrants for work/ employment’ v/s ‘Number of male migrants for work/ employment
2. Correlation between ‘number of female migrants _ Education’ v/s ‘Number of male migrants _Education’
3. Correlation between ‘number of female migrants _ Business’ v/s ‘Number of male migrants _ Business’
4. Correlation between ‘number of female migrants _ Marriage’ v/s ‘Number of male migrants _marriage’

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