Household Analysis: Techniques, Findings, and Proportions

RUNNING HEADER: HOUSEHOLD ANALYSIS 1
Household analysis
Students’ name:
Student’s ID:
Institution:

Household analysis 2
TASK 1
A. A random sampling technique was used to acquire data. The technique was chosen so as to get
data that is a non-biased representation of the total population.
B. Plot
Alcohol Meals Fuel Phone
0
500
1000
1500
2000
2500
3000
3500
4000
4500
Expenditure
C. Findings
It can be seen that the highest expenditure is spent on fuel while the lowest expenditure is spent on
alcohol. Fuel has the highest interquartile range comparted to alcohol, meals and phone while meals has
the lowest interquartile range. Fuel also has the highest median expenditure than the other three items.
The results therefore suggest that the highest expenditure is consistently spent on fuel.
TASK 2
A.

Household analysis 3
0 300 600 900 1200 1500 1800 2100 2400 2700 3000 More
0
10
20
30
40
50
60
Utilities
B.
a. at the most $900 per annum
n (at most $900) = 60
% (at most $900) = 24%
b. between $1500 and $2700 per annum
n (between $1500 and $2700) = 83
% (between $1500 and $2700) = 33%
c. more than $3000 per annum
n (more than $3000) = 12
% (more than $3000) = 5%
TASK 3
A.
The bottom 5% value is $12,220 while the top 5% value is $135,938.
Thus, the 95% confidence range of getting the after tax income is between $12,220 and $135,938.