Question

In: Statistics and Probability

a. How could you improve the readability of this table? b. The file GDPyears contains sample...

a. How could you improve the readability of this table?

b. The file GDPyears contains sample data from the United Nations Statistics Division on 30 countries and their GDP values from 2005 to 2010 in U.S. dollars ($). Create a table that provides all these data for a user. Format the table to make it as easy to read as possible. (Hint: It is generally not important for the user to know GDP to an exact dollar. It is more typical to present in millions or billions of dollars).

Gross Domestic Product (in US Dollars, $)
Country 2005 2006 2007 2008 2009 2010
Albania 7385937423 8105580293 9650128750 11592303225 10781921975 10569204154
Argentina 169725491092 198012474920 241037555661 301259040110 285070994754 339604450702
Australia 704453444387 758320889024 916931817944 982991358955 934168969952 1178776680167
Austria 272865358404 290682488352 336840690493 375777347214 344514388622 341440991770
Belgium 335571307765 355372712266 408482592257 451663134614 421433351959 416534140346
Brazil 756761641553 935524319719 1175033105497 1407000163598 1370758418238 1782398471516
Canada 1056764109603 1193932279193 1332065087100 1404821988284 1245175828773 1469916064839
Costa Rica 18893517773 21230215608 24655866790 28030042814 28009123104 33905025636
Czech Republic 111667298575 128682670286 156601123503 194554700771 170904474637 172587854908
Finland 169949758742 180215332088 214820618980 236575337186 206669962260 207860471865
France 1914994403820 2015024513652 2312816861987 2541588228527 2367945716006 2301837109724
Germany 2516900462618 2632759372298 2984694872628 3258945971441 2973716393852 2966114791044
Greece 217161244590 234256472873 273778583771 307118451216 292570455971 269121592648
Ireland 177716687783 195313957743 229646992299 233265541112 199473873017 186171836063
Israel 122406785388 133194082920 153413480830 185728651622 178703093654 199765687403
Italy 1597329082733 1661915043524 1892698351200 2063917610274 1899970629238 1836900137057
Mexico 823342099045 928538728612 1011883508388 1085597798926 858289266602 1010289508403
Netherlands 567305874745 600912636726 694804194967 775360492025 707958187114 700804632367
New Zealand 108881144881 105105148952 128957665803 125687055678 112947748003 136162628586
Peru 72314760266 84376682203 98467906190 117848795625 120420055288 144337582246
Poland 267758758351 300074601414 371914955111 463413868126 382575897996 413367492455
Portugal 165251339352 172902905279 200110952422 218714808886 206009262965 200497996313
Saudi Arabia 317350027799 358379172230 386671647765 477341066667 374370666667 436158666667
Singapore 119723503550 139119367290 167031664530 179324986615 173771016315 209693107853
South Africa 220316820671 232194873182 254359710249 247453302921 256866025215 328761784955
Spain 1012008157986 1099963724520 1293150159963 1458983295560 1360989146711 1287874314552
Switzerland 350576683292 368164325764 409158397175 474711164468 464915154033 498158945877
Turkey 425514779241 467931441541 578990442724 656604657571 557723948435 655837737113
United Kingdom 2030278879633 2177981673883 2504551745297 2381881228845 1959165383433 2005634155207
United States 12579700000000 13336300000000 14010900000000 14369500000000 14113315344659 14601646157279

Solutions

Expert Solution

A)

Since GDP is given in the $ for all countries. But it is making very difficult to read and interpret anything due to large digit number. We can make it readable by converting it into billion $ from $ value. We can also sort data based on dollar value if want to check which country has best GDP.

B)

All values are $billion

Country 2005 2006 2007 2008 2009 2010
Albania 7.39 8.11 9.65 11.59 10.78 10.57
Argentina 169.73 198.01 241.04 301.26 285.07 339.60
Australia 704.45 758.32 916.93 982.99 934.17 1178.78
Austria 272.87 290.68 336.84 375.78 344.51 341.44
Belgium 335.57 355.37 408.48 451.66 421.43 416.53
Brazil 756.76 935.52 1175.03 1407.00 1370.76 1782.40
Canada 1056.76 1193.93 1332.07 1404.82 1245.18 1469.92
Costa Rica 18.89 21.23 24.66 28.03 28.01 33.91
Czech Republic 111.67 128.68 156.60 194.55 170.90 172.59
Finland 169.95 180.22 214.82 236.58 206.67 207.86
France 1914.99 2015.02 2312.82 2541.59 2367.95 2301.84
Germany 2516.90 2632.76 2984.69 3258.95 2973.72 2966.11
Greece 217.16 234.26 273.78 307.12 292.57 269.12
Ireland 177.72 195.31 229.65 233.27 199.47 186.17
Israel 122.41 133.19 153.41 185.73 178.70 199.77
Italy 1597.33 1661.92 1892.70 2063.92 1899.97 1836.90
Mexico 823.34 928.54 1011.88 1085.60 858.29 1010.29
Netherlands 567.31 600.91 694.80 775.36 707.96 700.80
New Zealand 108.88 105.11 128.96 125.69 112.95 136.16
Peru 72.31 84.38 98.47 117.85 120.42 144.34
Poland 267.76 300.07 371.91 463.41 382.58 413.37
Portugal 165.25 172.90 200.11 218.71 206.01 200.50
Saudi Arabia 317.35 358.38 386.67 477.34 374.37 436.16
Singapore 119.72 139.12 167.03 179.32 173.77 209.69
South Africa 220.32 232.19 254.36 247.45 256.87 328.76
Spain 1012.01 1099.96 1293.15 1458.98 1360.99 1287.87
Switzerland 350.58 368.16 409.16 474.71 464.92 498.16
Turkey 425.51 467.93 578.99 656.60 557.72 655.84
United Kingdom 2030.28 2177.98 2504.55 2381.88 1959.17 2005.63
United States 12579.70 13336.30 14010.90 14369.50 14113.32 14601.65

We have change dollar to billion dollar value where 1 billion =(1,000,000,000)

Now everyone easily see US has largest GDP and values are easy to read.

Please feel free to ask any doubt or clarification.


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