1. Scope of the assignment The assignment is based on the data given in the Excel spreadsheet “Assignment Data 1.xlsx”. You can find data in the assessment folder. The spreadsheet contains GDP (Gross Domestic Product) data, Expense (% of GDP) data and Population data for UK & USA. The data is collected from the World Bank You are expected to draw line charts, calculate the descriptive statistics and analyse data. In particular, you should seek to summarise the information, using line charts and descriptive statistics and should interpret your findings. You should think about using theories and actual facts from other courses and from the internet to aid your interpretation and explanation of key findings. Refer to the QB1004 Tutorial Exercises and Computer Workshops for more practical guidance on data analysis. The marking scheme will place emphasis on your ability to demonstrate an appreciation of the principles of statistics, their application, and their interpretation.