Descriptive Analysis of Quantitative Methods

Running head: QUANTITATIVE METHODS
Qualitative Methods
Name of the Student
Name of the University
Course ID

1QUANTITATIVE METHODS
Table of Contents
Descriptive analysis.........................................................................................................................2
References........................................................................................................................................6

2QUANTITATIVE METHODS
Descriptive analysis
Table 1: Descriptive statistics for Average Monthly Income
Monthly average Income
Mean 2975
Standard Error 236.30
Median 3000
Mode 3000
Standard
Deviation 1056.75
Sample Variance
1116710.5
3
Kurtosis -0.33
Skewness 0.12
Range 4000
Minimum 1200
Maximum 5200
Sum 59500
Count 20
The descriptive statistic of ‘Average Monthly Income’ suggests that mean income of the
respondents is $2975. That means people on an average earn $2975 in a month. The standard
deviation of average income is 1056.75. The standard deviation of income is lower than the
average monthly income meaning there is not much variation in average monthly income
(Gravetter and Wallnau 2016). The highest and lowest monthly income are respectively $5200
and $1200.