statistics

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Enlsenax

Mathematics

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.

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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...


Anonymous
Great study resource, helped me a lot.

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