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Above is the list of hypothetical construction companies in two locations England and
Scotland which subscribed to credit insurance that was able to survive and did not
survive after the Brexit. Use the survival analysis to statistically measure the
difference. Scotland in 2014 went into a referendum to decide whether to stay as part
of UK or not. Is economy the reason? Discuss the economic risk Scotland wanted to
1.2
chi-sq 0.615385
df 1
1
p-value 0.567232
0.8
0.6
0.4
0.2
0
0 10 20 30 40 50 60 70
England Scotland
The Kaplan-Meier survival probability estimates at 60 months were about 0.15 for
the England and 0.34 for the Scotland. As described above, the Kaplan-Meier survival
to experience the primary endpoint by the end of the 60 months of follow-up. However, in
the Construction Service of Scotland, the probability of reaching the primary endpoint at
60 months was about 0.34%. The test was not significant (P=0.567232) and the null
hypothesis of no difference in survival times in the population between the Construction
services in England and Scotland was accepted. Thus, there is no connection on the
Scotland does not meet its full economic potential because it is subject to the same
economic policy as the rest of the UK. According to Colin Fox (2014), Scotland is
penalized by an economic model biased towards the South East of England. Chic Brodie
(2013), also said that Scotland was deprived of economic benefit in the 1980s. Thus, the
reason of the independency of Scotland was primarily on the economic issue. In addition,
government also pledged to expand childcare provision. The independent Scotland would
have a total of 15,000 regular and 5,000 reserve personnel across land, air and maritime
However, Scotland wanted to avoid economic risk before and after the elections.
This includes the Financial Crisis, according to estimates made by the Institute for Fiscal
Studies, Scotland will have a budget deficit of more than 9% of GDP. An independent
Scotland would be responsible for its own finances. This means they can only rely on
their own earnings. Additionally, there were an investment risk to occur, Scotland should
know the side of the businessmen in their scope. Independency could lead to downfall of
business in their area. Conversely, Scotland should consider the credit insurance