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Assignment #2_ Descriptive Statistics Analysis and Write up
University of Maryland University College STAT200 - Assignment #2: Descriptive Statistics Analysis and Writeup Identifying Information Student (Full Name): Ryan A. Parsley Class: STAT 200 Instructor: Jose Martinez Castillo Date: 04/11/2020 Introduction: I am married, 34 years of age head of the household with 2 children. Finished high school and some college education. The socioeconomic variables and expenditure variables used in this analysis are age head household, marital status, family size, and annual expenditures. 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: Age head household Age of the head of household Quantitative Variable 3: Marital Status Marital Status of head of household Qualitative Variable 4: Family Size Total Number of People in Family (Both Adults and Children) Quantitative Variable 5: Annual Expenditures Total Amount of Annual Expenditures in USD Quantitative Data Set Description and Method Used for Analysis: Results: Variable 1: Income STAT200: Assignment #2 - Descriptive Statistics Analysis Writeup - Template Page 1 of 3 Income is vital for all lives basic needs and is also required for someone to increase their standard of living. Numerical Summary. Table 2. Descriptive Analysis for Variable 1 Variable n Variable: Income Measure(s) of Central Tendency Median= Measure(s) of Dispersion 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: Age head household 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) STAT200: Assignment #2 - Descriptive Statistics Analysis Writeup - Template Page 2 of 3 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. STAT200: Assignment #2 - Descriptive Statistics Analysis Writeup - Template Page 3 of 3
