Statistical studies in the New York money-market; preceded by a brief analysis under the theory of money and credit, with statistical tables, diagrams and folding chart . r use inbiology by Prof. Karl Pearson of London. It has not beenused to any extent in economics.* Consequently a briefexposition of the method may not be out of place. § 50. In constructing the coefficient of correlation, two quan-tities must be calculated for each set of statistics. Thesequantities are the mean and the standard deviation. The lasttwo quantities are very important constants for the frequencycurve of any array
Statistical studies in the New York money-market; preceded by a brief analysis under the theory of money and credit, with statistical tables, diagrams and folding chart . r use inbiology by Prof. Karl Pearson of London. It has not beenused to any extent in economics.* Consequently a briefexposition of the method may not be out of place. § 50. In constructing the coefficient of correlation, two quan-tities must be calculated for each set of statistics. Thesequantities are the mean and the standard deviation. The lasttwo quantities are very important constants for the frequencycurve of any array of statistics. Hence it is important toknow at the outset exactly what is meant by these severalterms. Concrete examples of frequency curves are the distribu-tion of the number of weeks from 1885 to 1900 accordingto the ratio of reserves to deposits, the distribution of bond-dollars according to the actual rate of interest realized at themarket price, or the distribution of the number of weeksfrom 1885 to 1900 according to the call discount rate. * A few exceptions to this statement may be noted, as Yule, on Pauperism(Roy. Stat. Soc, 1899, Vol. 62, pp. 249-286).. —73—Table No. ai. Frequency of Bond-Dollars* to Actual Yields in Millions. Actual Bond Actual Bond Actual Bond Actual Bond Rate of Dollar 1 Rate of Dollar Rate of Dollar Rate of Dollar Interest. Frequency. Interest. Frequency. Interest. Frequency. Interest. Frequency, 13 1088 26 0 131 444 2 O I S3 3ii 14 4 190 | 251 2 total 4204 540 ! 96 O mean rate SSi 27 I S. D. Thus in Diagram No. 14 (A) we lay off upon the horizontalaxis at equal intervals the numbers or ratios 20%, 21$, 22$,.... 45$, which are the ratios of reserves to each ratio of reserves to deposits, perpendiculars areerected
Size: 1312px × 1904px
Photo credit: © The Reading Room / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1900, bookdecade1900, booksubjectmoney, bookyear1902
