logo

Descriptive Statistics Analysis and Write-up

   

Added on  2023-04-20

8 Pages1160 Words345 Views
University of Maryland University College
STAT200 - Assignment #2: Descriptive Statistics Analysis and Write-up
Identifying Information
Student (Full Name):
Class:
Instructor:
Date:
STAT200: Assignment #2 - Descriptive Statistics Analysis Writeup - Template
Page 1 of 8
Descriptive Statistics Analysis and Write-up_1
Introduction:
Use the same scenario you submitted for the first assignment with modifications using your
instructor’s feedback, if needed. 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 in the
Data Set
Description
(See the data dictionary for describing the
variables.)
Type of Variable
(Qualitative or
Quantitative)
Variable 1: “Income” Annual household income in USD. Quantitative
Variable 2: “Marital
Status”
Tends to highlight if one is married or not Qualitative
Variable 3: “Family
Size”
Number of members in the family including
children
Quantitative
Variable 4:”Annual
Expenditures”
Total amount of expenditure in USD by the
household in an year
Quantitative
Variable 5: “Housing” Total amount of expenditure on housing alone
in USD by the household in an year
Quantitative
Data Set Description and Method Used for Analysis:
The sample data set comprises of information on 30 households with regards to certain
socioeconomic variables and expenditure variables. The given data is secondary and not primary
as it has been obtained from another source which conducted the survey. Besides, there are four
socioeconomic variables (i.e. Marital Status, Income, Age of Household Head and Family Size)
and four expenditure variable (i.e. Annual expenditure, Housing, Electricity & Water). While
most of these variable are quantitative, there is one qualitative variable in the form of marital
status.
Descriptive statistics was sued for analysis where measures of central tendency such as mean and
median were used. Standard deviation was used as a measure of variation to explain the
variations in the dataset.
STAT200: Assignment #2 - Descriptive Statistics Analysis Writeup - Template
Page 2 of 8
Descriptive Statistics Analysis and Write-up_2
Results:
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
30 Median= 96907 SD = 5516.57
Graph and/or Table: Histogram of Income
Description of Findings.
The median income was found to be 96907 with a standard deviation of 5516.57. This shows that
the data on the income is widely spread out. The histogram for the income showed that the data
is not normally distributed but rather skewed to the right.
STAT200: Assignment #2 - Descriptive Statistics Analysis Writeup - Template
Page 3 of 8
Descriptive Statistics Analysis and Write-up_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Inferential Statistics Analysis and Writeup
|4
|1405
|295

Inferential Statistics Analysis and Writeup
|6
|1329
|191

Inferential Statistics Assignment - Analysis of Annual Spending on Food by Consumers in the United States
|12
|2499
|178

Statistics Assignment: Sampling, Descriptive Statistics, Probability and Contingency Table
|11
|2091
|354

Visualizing Insurance Fraud Claim Data in R. Visualizing
|4
|430
|16

Business Information Systems - Assignment
|9
|908
|91