Description
Introduction:
Use the same scenario you submitted for the first assignment with modifications using your instructor’s feedback, if needed. Include Table 1: Variables Selected for the Analysis you used in Assignment #1 to show the variables you selected for analysis.
Table 1. Variables Selected for the Analysis
Variable Name in data set | Description | Type of Variable (Qualitative or Quantitative) |
Variable 1: “Income” | Annual household income in USD. | Quantitative |
Variable 2: | | |
Variable 3: | | |
Variable 4: | | |
Variable 5: | | |
Data Set Description and Method Used for Analysis:
Results:
Variable 1: Income
Numerical Summary.
Table 2. Descriptive Analysis for Variable 1
Variable | n | Measure(s) of Central Tendency | Measure(s) of Dispersion |
Variable: Income | | Median= | SD = |
Graph and/or Table: Histogram of Income
(Place Histogram here)
Description of Findings.
Variable 2: (Fill in name of variable)
Numerical Summary.
Table 3. Descriptive Analysis for Variable 2
Variable | n | Measure(s) of Central Tendency | Measure(s) of Dispersion |
Variable: | | | |
Graph and/or Table.
(Place Graph or Table Here)
Description of Findings.
Variable 3: (Fill in name of variable)
Numerical Summary.
Table 4. Descriptive Analysis for Variable 3
Variable | n | Measure(s) of Central Tendency | Measure(s) of Dispersion |
Variable: | | | |
Graph and/or Table.
(Place Graph or Table Here)
Description of Findings.
Variable 4: (Fill in name of variable)
Numerical Summary.
Table 5. Descriptive Analysis for Variable 4
Variable | N | Mean/Median | St. Dev. |
Variable 4: | | | |
Graph and/or Table.
(Place Graph or Table Here)
Description of Findings.
Variable 5: (Fill in name of variable)
Numerical Summary.
Table 6. Descriptive Analysis for Variable 5
Variable | n | Measure(s) of Central Tendency | Measure(s) of Dispersion |
Variable: | | | |
Graph and/or Table.
(Place Graph or Table Here)
Description of Findings.
Discussion and Conclusion.
Briefly discuss each variable in the same sequence as presented in the results. What has the highest expenditure? What variable has the lowest expenditure? If you were to recommend a place to save money, which expenditure would it be and why? Note: The section should be no more than 2 paragraphs.
Explanation & Answer
The solution is attached.Please, give me feedback.
Scenario: Please write a few lines describing your scenario and the four variables (in addition to income)
you have selected.
Use Table 1 to report the variables selected for this assignment. Note: The information for the required
variable, “Income,” has already been completed and can be used as a guide for completing information
on the remaining variables.
Table 1. Variables Selected for the Analysis
Variable Name in the Data
Set
Description
(See the data dictionary for describing the
variables.)
Type of Variable
(Qualitative or
Quantitative)
Variable 1: “Income”
Annual household income in USD.
Quantitative
Variable 2: “MaritalStatus”
Marital Status of Head of Household.
Qualitative
Variable 3: “FamilySize”
Total Number of people in Family (both adults
and children).
Quantitative
Variable 4: “Annual
Expenditure
Total Amount of Annual Expenditures
Quantitative
Variable 5: “Education”
Total Amount of Annual Expenditure on food.
Quantitative.
Reason(s) for Selecting the Variables and Expected Outcome(s):
1. Variable 1: “Income” - This variable would help determine if the impact income level has on
total household expenditure. I expect that income to have a positive relationship with total
households expenditure.
2. Variable 2: “MaritalStatus “ - This variable is important in determining how ma...