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In order to have a better understanding of the impact of Covidl9 on household spending of Singapore residents, Mr. Goh decided to conduct a survey.
In order to have a better understanding of the impact of Covidl9 on household spending of Singapore residents, Mr. Goh decided to conduct a survey. He got a random sample of 32 students from Singapore University of Social Sciences, and collected data on their average monthly household expenditure in 2019 and 2020. Based on his own experience, he hypothesised that the household expenditure of Singapore residents in 2020 is lower than that in 2019. Year 2019 Year 2020 Mean 5,852.656 Mean 5,487.125 Standard Error 249.238 Standard Error 264.954 Median 5,800.000 Median 5,592.000 Mode 5,630.000 Mode #N/A Standard Standard Deviation 1,409.904 Deviation 1,498.805 Sample Variance 1,987,829.007 Sample Variance 2,246,416.113 Kurtosis 0.025 Kurtosis -0.744 Skewness 0.348 Skewness 0.163 Range 6.110 Range 5.739 Minimum 3,100 Minimum 2,789 Maximum 9.210 Maximum 8,528 Sum 187,285 Sum 175,588 Count 32 Count 32 Table 1.1 Descriptive StatisticsFirst Quartile - Q1 4,717.500 4,330.500 Second Quartile - Q2 (Median) 5,800.000 5,592.000 Third Quartile - Q3 6,520.000 6,728.000 Interquartile Range - IOR 1,802.500 2,397.500 Table 1.2: Quartile TableYear 2019 No. of Household OHNWAUAN OOD 4 Frequency 2 2 2 2 N 0 0 2500 3000 3500 4000 4500 5000 5500 6000 6500 7000 7500 8000 8500 More Average Monthly Household Expenditure (SG$)No. of Household Year 2020 2500 3000 3500 4000 4500 5000 5500 6000 6500 7000 7500 8000 8500 More Average Monthly Household Expenditure (SG$) l Frequency
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