University of Maryland Global College STAT200 – Course Project Part 2: Descriptive Statistics Analysis Identifying Information Student (Full Name): Class: Instructor: Date: Introduction: Use the same...

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University of Maryland Global College STAT200 – Course Project Part 2: Descriptive Statistics Analysis Identifying Information Student (Full Name): Class: Instructor: Date: Introduction: Use the same scenario you submitted for the first assignment. 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 Description Type of Variable (Qualitative or Quantitative) Variable 1: “Income” Annual household income Quantitative Variable 2: “Marital Status” Marital status of head of household Qualitative Variable 3: “Family Size” Total number of people in family Quantitative Variable 4: “Annual Expenditure” Total amount of annual expenditures Quantitative Variable 5: “Food” Total amount of annual expenditure on food Quantitative Data Set Description and Method Used for Analysis: 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.
Answered Same DaySep 16, 2021

Answer To: University of Maryland Global College STAT200 – Course Project Part 2: Descriptive Statistics...

Gajula Nagasai answered on Sep 17 2021
162 Votes
University of Maryland Global College
STAT200 – Course Project Part 2: Descriptive Statistics Analysis
Identifying Information
Student (Full Name):
Class:
Instructor:
Date:
Introduction:
U
se the same scenario you submitted for the first assignment. 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
    Description
    Type of Variable
(Qualitative or Quantitative)
    Variable 1: “Income”
    Annual household income
    Quantitative
    Variable 2: “Marital Status”
    Marital status of head of household
    Qualitative
    Variable 3: “Family Size”
    Total number of people in family
    Quantitative
    Variable 4: “Annual Expenditure”
    Total amount of annual expenditures
    Quantitative
    Variable 5: “Food”
    Total amount of annual expenditure on food
    Quantitative
Data Set Description and Method Used for Analysis:
Variable 1: Income
Numerical Summary.
    House hold Income in dollars $ p.a
    11000
    12034
    12350
    12500
    13000
    11050
    12100
    12356
    12500
    13000
    11200
    12100
    12400
    12500
    13000
    11500
    12100
    12400
    12567
    13100
    12000
    12110
    12400
    12600
    13100
    12000
    12200
    12400
    12780
    13100
    12000
    12200
    12100
    12800
    13200
    12000
    12220
    12450
    12900
    13240
    12000
    12300
    12453
    12950
    13400
    12000
    12350
    12500
    13000
    13400
Median: arrange the data in ascending order
if sample size (n) is odd, then middle point of the set is median
If sample size (n) is even, then the average of the two mid points is median
From the above data, the average of two mid points is (12400+12400)/2 =12400
Standard deviation: How the observations far from the mean is known as standard deviation
The formula for the Standard deviation is
SD = 2/n-1
Where x bar is the mean and n is the sample size.
Mean of the income is 12437.45 and SD of the income...
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