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Write a ministerial brief - investing in the bitcoin

Assignment Help Basic Statistics
Reference no: EM132122904

Problem Description:

The blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using this technology, participants can confirm transactions without a need for a central clearing authority (or a middle man). According to some, replacing the middle man with a revolutionary technology that is faster, cheaper and as secure will greatly improve market efficiency.

One application of blockchain technology in finance is the "cryptocurrencies", with the best known example being "Bitcoin".Some believe that such a secure, global, and digital currency represents the future of finance, while some are not optimistic about the future of Bitcoin and cryptocurrencies in general.

Your task is to evaluate recent prices of Bitcoin and based on this evidence whether individuals should invest in Bitcoin. There are two parts to this assignment, each of which is described in detail:

Part A

Locate the data file (Assignment Bus Stats.xls) on CANVAS.

1. Using the most appropriate type of graphto present weekly closing price of the Bitcoin and provide a general description. Hint: What are the main features of this graph, is there a trend?

2. Calculate the weekly return and construct a histogram. Does the data appear normally distributed? Is there evidence of outliers? Hint: the formula for a return is (Current Price -Previous price)/Previous price multiplied by 100

3. Calculate and interpret the three aspects of Descriptive Analysis, Location, Shape and Spread, for weekly return.

4. What is the empirical probability of a loss?

5. Repeat the same steps (steps 1-4 above) for the three Singapore share pricesSingtel, Wilmar International and Olam International.

6. Construct a95% confidence interval of the return to Bitcoin, and interpret the interval. How does your interval change if the level of confidence is 90% and 95% respectively, and explain why.

7. Construct a 95% confidence interval of the return to Singtel, Wilmar International and Olam International respectively.

8. An investment advisor claimed that thereturn to Bitcoin is 4% while thereturns to other three shares are no different from zero. Do you agree? Justify your reasoning usinga two-tailed hypothesis test approach at the significance level of 5%.

Part B

Write a ministerial brief of no more than 200 words containing no more than three graphs on whether you can confidently recommend investing in the Bitcoin, compared with ONE of three shares: Singtel, Wilmar International and Olam International. Each student within a group has to comment on a different comparison.

Hint: draw on the evidence you have gathered from PartA, as well as other information/evidence not covered here but you believe is useful.

Note: Need only Part B

Attachment:- Assignment Instructions.rar

Verified Expert

It is a very short assignment which helps in providing various graphs and presentation of the stock figures as well as comparative analysis of three stocks more a certain period of time and defines as which stock is better for investment purpose and how the same can be used to reach desired results.

Reference no: EM132122904

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Reviews

urv2122904

10/29/2018 9:21:26 PM

I have attached the marking rubric as well as the second part of the assignment. This was a nice work. Though I thought that I won't get it in the mentioned time limit but I was wrong here, I got it even 1 hour before in this short deadline as well. I am very glad to have such expert here.

len2122904

9/26/2018 12:50:32 AM

Part B (Individual Reflective Piece, 10 marks) Write a ministerial brief of no more than 200 words containing no more than three graphs on whether you can confidently recommend investing in the Bitcoin, compared with ONE of three shares: Singtel, Wilmar International and Olam International. You have to comment on a different comparison. Hint: draw on the evidence you have gathered from Part A, as well as other information/evidence not covered here but you believe is useful.

len2122904

9/26/2018 12:50:08 AM

This is a group assignment with a minimum group size of two and a maximum group size of three. All group members must be enrolled in the same tutorial.There will be two parts to this assignment: Part A: Group Work (A Business Report) Part B: Individual Reflective Piece (A Ministerial Brief) The allocation of marks: Part A 30 Statistical Analysis 22 Professional Report 8 Part B 10 Total 40 Group members will receive a common mark for Part A and an individual mark for Part B. The response to Part Amust be provided in the form of a business report with no more than 10 pages (including cover page). The structure of your business report must include 1] A Title, 2] An Executive Summary, 3] An Introduction, and 4] Conclusions.

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