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 data set

Description

Type of Variable (Qualitative or Quantitative)

Variable 1: "Income"

Annual household income in USD.

Quantitative

Variable 2:" Marital Status"

Marital status of the head of household

Qualitative

Variable 3:"Family Size"

Total number of people in the Family

Quantitative

Variable 4:"Annual Cost of Food"

Total amount of annual expenses

Quantitative

Variable 5: "Annual cost for Entertainment

Total amount of annual expenditure

Quantitative

Data Set Description and Method Used for Analysis:

The US Department of Labor's 2016 Consumer Expenditure surveys (CE) have given data and information about households and their annual income and expenditures (https://www.bls.gov/cex). The data set has results from 30 households. This dataset includes four of socioeconomic variables and four expenditures variables. For the analysis of these

Results:

Variable 1: Income

The most important thing in running a household and sustaining a family is income.

Numerical Summary.

Table 2. Descriptive Analysis for Variable 1

Variable

n

Measure(s) of Central Tendency

Measure(s) of Dispersion

Variable: Income

Median=

SD =

Graph and/or Table: Histogram of Income

(Place Histogram here)

Description of Findings.

Variable 2: (Fill in name of variable)

Numerical Summary.

Table 3. Descriptive Analysis for Variable 2

Variable

n

Measure(s) of Central Tendency

Measure(s) of Dispersion

Variable:

Graph and/or Table.

(Place Graph or Table Here)

Description of Findings.

Variable 3: (Fill in name of variable)

Numerical Summary.

Table 4. Descriptive Analysis for Variable 3

Variable

n

Measure(s) of Central Tendency

Measure(s) of Dispersion

Variable:

Graph and/or Table.

(Place Graph or Table Here)

Description of Findings.

Variable 4: (Fill in name of variable)

Numerical Summary.

Table 5. Descriptive Analysis for Variable 4

Variable

N

Mean/Median

St. Dev.

Variable 4:

Graph and/or Table.

(Place Graph or Table Here)

Description of Findings.

Variable 5: (Fill in name of variable)

Numerical Summary.

Table 6. Descriptive Analysis for Variable 5

Variable

n

Measure(s) of Central Tendency

Measure(s) of Dispersion

Variable:

Graph and/or Table.

(Place Graph or Table Here)

Description of Findings.

Discussion and Conclusion.

Briefly discuss each variable in the same sequence as presented in the results. What has the highest expenditure? What variable has the lowest expenditure? If you were to recommend a place to save money, which expenditure would it be and why? Note: The section should be no more than 2 paragraphs.

The place I would recommend to save