Statistics Household Income Assignment

Added on - 21 Apr 2020

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Running head: STATISTICSStatisticsName of the studentName of the universityAuthor’s note
1STATISTICSTable of Contents1. Household Income.......................................................................................................................21.1.................................................................................................................................................21.2.................................................................................................................................................21.3.................................................................................................................................................31.4.................................................................................................................................................51.5.................................................................................................................................................51.6.................................................................................................................................................51.7.................................................................................................................................................61.8.................................................................................................................................................71.9.................................................................................................................................................81.10...............................................................................................................................................82. Health...........................................................................................................................................92.1.................................................................................................................................................92.2...............................................................................................................................................102.3...............................................................................................................................................102.4...............................................................................................................................................112.5...............................................................................................................................................122.6...............................................................................................................................................122.7...............................................................................................................................................13A.............................................................................................................................................13B.............................................................................................................................................14Appendix........................................................................................................................................15
2STATISTICS1. Household Income1.1What is the key difference between the variableshhinc_cat and hhinc_cont?What are thestrengths and weaknesses of each of these measures of income?”The variable hhinc_cont represents the household income of each of the individuals. It isa continuous variable. The variable hhinc_cat is a categorized discrete variable. The variablehhinc_cont is categorized between two limits.From hhinc_cont difference studies on descriptive statistics can be done. Inferentialstatistics can also be done.From hhinc_cat discrete representation of the household income can be made.1.2Based onhhinc_catvariable, what percentage of individuals do not have information abouttheir household income? What is the main reason for missing information on household income?Drop the individuals with no information about their household income (according tohhinc_catvariable).”Table 1: Distribution of Household income based on hhinc_catHousehold income 2FrequencyPercentCum.Item not applicable1942.982.98<£520110.173.15£520<£1,600100.153.31£1,600<£2,600230.353.66£2,600<£3,600470.724.38£3,600<£5,200731.125.51£5,200<£7,8002183.358.86£7,800<£10,4002543.9112.77£10,400<£13,0003685.6618.43£13,000<£15,6003335.1223.55£15,600<£18,2002984.5828.13£18,200<£20,8002834.3532.49£20,800<£23,4002724.1836.67£23,400<£26,0002754.2340.9
3STATISTICS£26,000<£28,6001912.9443.84£28,600<£31,2002814.3248.16£31,200<£33,8001552.3850.55£33,800<£36,4001682.5853.13£36,400<£41,6002483.8156.95£41,600<£46,8002443.7560.7£46,800<£52,0002423.7264.42£52,000<£60,0002934.5168.93£60,000<£70,0002123.2672.19£70,000<£80,0001562.474.59£80,000<£90,0001332.0576.63£90,000<£100,000771.1877.82£100,000<£110,000751.1578.97£110,000<£120,000470.7279.7£120,000<£130,000440.6880.37£130,000<£140,000230.3580.73£140,000<£150,000360.5581.28>=£150,0001251.9283.2Do not know5288.1291.32Refused5648.68100Based on hhinc_cat for 2.98% of the individuals the variable is not applicable, 8.12% ofthe individuals do not know the household income and 8.68% of the individuals refusedinformation on household income.There is missing information in the variable hhinc_cont.The data for the three classes were dropped from the variable.1.3Present a frequency distribution table forhhinc_cat. What can you tell about the first quartile,median, and the third quartile of household income using this table?”Table 2: Distribution of Household income based on hhinc_catHousehold income 2Freq.PercentCum.<£520110.210.21£520<£1,600100.190.4£1,600<£2,600230.440.84£2,600<£3,600470.91.74
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