Introductory Mathematics and Statistics †Free Samples to Students

Question: Discuss about the Introductory Mathematics and Statistics. Answer: Introduction The average weekly earnings of Australia have been changing over time. This report mainly deals with the average weekly earnings in Australia. Assessing the changes in the weekly earnings over time is the primary aim of this study. For the purpose of this research, the data has been collected from the Australian Bureau of Statistics (ABS) website on the average weekly income. Data on the male and female weekly income, weekly income of the private and the public sector have been collected from the website for the last 7 years. The data that has to be analysed has been obtained from the ABS website (abs.gov.au 2018). Analysis has been conducted on the average weekly income between male and female employees. Comparison have also been conducted on the average weekly incomes of the private and the public sector over the past 7 years. The dataset contains information about the average weekly incomes from March 2011 to November 2017. From the graph given in figure 1, it can be seen clearly that over the last 7 years, there has been significant increase in the average weekly income for both the male and the female employees but the weekly income of the male employees have always been higher than that of the female employees. The average earnings for the male employees is $3151.71 and that of the female employees is $881.76. There is a 4.27 percent variation in the male earnings and 5.95 percent variation in the female earnings. The next comparison is done between the average weekly incomes of the private sector and the public sector. From the graph given in figure 2, it can be seen clearly that over the last 7 years, there has been significant increase in the average weekly income for both the private sector and the public sector but the weekly income of the public sector has always been higher than the weekly income of the private sector. The average earnings for the public sector is $1306.79 and that of the private sector is $1071.33. There is a 5.82 percent variation in the weekly earnings of the private sector and 4.66 percent variation in the weekly earnings of the public sector. Time Series and Index Number Analysis The weekly earnings of the total population of Australia have been increasing rapidly. From May 2011 to November 2011, the weekly earnings have increased by 1.79 percent. From November 2011 to May 2012, the increase in the average weekly earnings have been 1.85 percent, which is higher than the last 6 months. From May 2012 to November 2012, the increase in the average weekly earnings have been 2.60 percent, which is higher than the last 6 months. From November 2012 to May 2013, the increase in the average weekly earnings have been 2.14 percent, which is less than the last 6 months. Thus, the growth rate had decreased between November 2012 and May 2013. From May 2013 to November 2013, the increase in the average weekly earnings have been 0.83 percent, which is extremely less than the last 6 months. Thus, the growth rate had decreased a lot between May 2013 and November 2013. Again from November 2013 to May 2014, the increase in the average weekly earnings have been 0.78 percent, which is again less than the last 6 months. Thus, the growth rate had decreased again between November 2013 and May 2014. Again from May 2014 to November 2014, the increase in the average weekly earnings have been 0.51 percent, which is again less than the last 6 months. Thus, the growth rate had decreased again between May 2014 and November 2014. Again from November 2014 to May 2015, the increase in the average weekly earnings have been 0.0.72 percent, which is higher than the last 6 months. Thus, the growth rate had started to increase again between November 2014 and May 2015. Again from May 2015 to November 2015, the increase in the average weekly earnings have been 0.0.77 percent, which is higher than the last 6 months. Thus, the growth rate is increasing between Main 2015 and November 2015. Thus, it can be seen that the rate of growth has started to increase again May 2015, decreased once again in November 2016 and November 2017 as well. Conclusion It has been observed from all the analysis above that there has been difference in the earnings of males and females. This indicates gender discrimination. Difference have also been observed in the earnings of the public sector and the private sector. This indicates that the public sector is more prioritized than the private sector. According to the CST principle of common good, the existence of people is a s a part of the society. It is the right of every person to participate in the community welfare and get benefits from there. The existence of the public authority is mainly for the promotion of the common good involving each and every section of the population (catholicsocialteaching.org.uk 2018). Thus, according to this principle, no discrimination is supported. Thus, it can be said that Australia does not follow the principles of CST on the common good. References Abs.gov.au. (2018).6302.0 - Average Weekly Earnings, Australia, Nov 2017. [online] Available at: https://www.abs.gov.au/AUSSTATS/abs@.nsf/DetailsPage/6302.0Nov%202017?OpenDocument [Accessed 12 Apr. 2018]. Catholic Social Teaching. (2018).Further Explanation. [online] Available at: https://www.catholicsocialteaching.org.uk/principles/info/ [Accessed 12 Apr. 2018]. Croucher, J.S., 2013. Introductory mathematics and statistics.