Mathematical Model for Determining the Effect of Government Policies on Nigerians’ Standard of Living and the Achievement of Economic Comfort in Nigeria
American Journal of Applied Mathematics
Volume 1, Issue 4, October 2013, Pages: 84-91
Received: Oct. 4, 2013;
Published: Nov. 20, 2013
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Ogwumu, David. O, Department of Mathematics and Statistics, Federal University Wukari, P.M.B 1020, Wukari – Taraba State, Nigeria
James Friday. E, Department of Mathematics and Statistics, Federal University Wukari, P.M.B 1020, Wukari – Taraba State, Nigeria
The research is concerned with the development of a mathematical model for determining the Effect of Government Policies on Nigerians’ Standard of Living which when not properly handled in turn could hamper the economic comfort of the country at large. The model was validated and observations about the model’s results and the questionnaire data (before and after the introduction of government financial policies, gp) were compared. Thereafter, the results of the comparison were analyzed using suitable statistical tools. The findings from the comparisons showed that government sudden financial policies take/reduce up to approximately 10% of the citizen’s standard of living and income. Likewise, the results from our model and the questionnaire data have a higher degree of correlation which thus recommending the model as a standard measure for estimating the effect of Government Financial Policies on Nigerians’ Standard of Living.
Ogwumu, David. O,
James Friday. E,
Mathematical Model for Determining the Effect of Government Policies on Nigerians’ Standard of Living and the Achievement of Economic Comfort in Nigeria, American Journal of Applied Mathematics.
Vol. 1, No. 4,
2013, pp. 84-91.
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