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Analyzing Data for Household Expenses

   

Added on  2019-09-26

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Statistics Assignment1
Analyzing Data for Household Expenses_1

Table of ContentsTask 1..........................................................................................................................................................3Task 2..........................................................................................................................................................7Task 3..........................................................................................................................................................9Task 4........................................................................................................................................................10Task 5........................................................................................................................................................12References.................................................................................................................................................132
Analyzing Data for Household Expenses_2

Task 1The technique of data collection can be categorized mainly into 2 groups which are as follows:Primary Data Collection,Secondary Data Collection.Primary Data Collection: As per the technique of Primary Data Collection, collection of information and data can be done by two ways either by collecting the data by visiting the place of respondents directly or either through the utilizing the technique of survey by telephone or email and the collected information are particularly utilized for our analysis. Result from these techniques will be utilized for the department of manufacturing and the department of productionas they can apply the results for the growth and development of the particular product in the near coming future (Moore, 2013).While, on the opposite side of this, secondary data collection technique is the other form of collecting the data, in which the analyst grabs the data from the trustworthy sources like through using the government sites, data from the government offices, or by the private surveys organizations. Data and information collected from other resources showcases that it was alreadyutilized for some other objectives and the analyst should choose his purpose and variables beforegoing for the evaluation of the data. Reliability and validity is utilized for evaluating the correctness and accurateness of the collected data. Reliability and validity is also utilized to evaluate the technique utilized in gathering the data and to decide that whether the collected data can be used for the prediction of future or not.The main commonly utilized methods of probability sampling are as follows:Simple Random Method of Sampling,Systematic Method of Sampling,Stratified Method of Sampling, andCluster Method of Sampling.The method of Simple Random method of Sampling was utilized to produce the casual sample of200 households. The picture depicting the below is as follows:3
Analyzing Data for Household Expenses_3

Description of the above is as follows:4
Analyzing Data for Household Expenses_4

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