BUS5SBF Assignment: Household Data Analysis in Business Finance
VerifiedAdded on 2023/06/12
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This report presents a statistical analysis of household data, covering various expenditure categories and demographic factors. The analysis includes descriptive statistics for alcohol, meals, fuel, and phone expenditures, revealing variations in averages, medians, and standard deviations. A frequency distribution and histogram are used to analyze utility expenses, determining the percentage of households spending within specific ranges. The report also identifies the top and bottom 5% of after-tax incomes and examines the correlation between total expenditure and after-tax income. A contingency table analyzes the relationship between gender and education levels, calculating probabilities related to household heads. The analysis utilizes simple random sampling with a sample size of 250 and examines the skewness of the data. This assignment solution is available on Desklib, a platform offering a range of study tools and resources for students.
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