SOLUTION: The STATA data set smme.dta contains data from a survey based on a random sample of 192 small and medium enterprises and 9 variables. The list of variables contained in the data se
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-> SOLUTION: The STATA data set smme.dta contains data from a survey based on a random sample of 192 small and medium enterprises and 9 variables. The list of variables contained in the data se
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Question 1135681: The STATA data set smme.dta contains data from a survey based on a random sample of 192 small and medium enterprises and 9 variables. The list of variables contained in the data sets and their levels is shown below:
Bankrupt: Bankruptcy in the past (1 if yes, 0 otherwise)
Capital: Amount of capital (1 if small, 2 if moderate, 3 if large)
Labour: Labour condition (1 if not favourable, 0 otherwise)
Skills: Technical skills of employees (1 if poor, 0 otherwise)
Sales: Growth in sales over the past 12 months (1 if none, 0 otherwise)
Default: Default on bank loans in the past (1 if yes, 0 otherwise)
Hitech: Utilization of high technology for production (1 if none, 0 otherwise)
Turnover: Amount of turnover over past 12 months (1 if low, 0 otherwise)
Duration: Duration of operation of business in months
a) What is the proportion of bankrupt businesses? (3)
b) What is the proportion of businesses that are exposed to unfavourable labour conditions and bankrupt? (2)
c) Assess the extent of variability in the duration variable using the coefficient of variation. (2)
d) Sketch a bar chart in Excel that shows the distribution of bankruptcy by level of skills. (3)
