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NEGATIVE VS POSITIVE TRENDS Owner-occupied housing units (%) vs. Median Home Value (Owener-occupied Median Household Income (dollars) housing, dollars) vs Median Household 120,000 Income (dollars)
NEGATIVE VS POSITIVE TRENDS Owner-occupied housing units (%) vs. Median Home Value (Owener-occupied Median Household Income (dollars) housing, dollars) vs Median Household 120,000 Income (dollars) 120,000 100,000 100,000 80,000 80,000 60,000 y = 0.0786x + 46156 60,000 Median Household Income (dollars] y = -1051.5x + 138004 40,000 Median Household Income (dollars 40,000 20,000 20,000 O O 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 Owner-occupied housing units (%) Median Home Value (Owner-occupied housing, dollars)DATA VISUALIZATION AND DESCRIPTIVE STATISTICS PURPOSE: TO ANALYZE A DATA FILE THAT CONTAINS ESTIMATED HOUSING AND INCOME DATA FOR 2020 FOR EACH OF THE 50 US STATES AND THE DISTRICT OF COLUMBIA (DC) PER THE AMERICAN COMMUNITY SURVEY. VARIABLES: OWNER-OCCUPIED HOUSING UNITS (%), MEDIAN HOME VALUE (OWNER- OCCUPIED HOUSING, DOLLARS), MEDIAN HOUSEHOLD INCOME (DOLLARS) & COLLEGE EDUCATED (% OF AGE 25+ HAVING AN ASSOCIATE DEGREE OR HIGHER). INFORMATION: CENTRAL TENDENCY, VARIABILITY, SHAPE OF THE DISTRIBUTION, PATTERN OF RELATIONSHIP BETWEEN THE VARIABLES).UTILIZING DESCRIPTIVE STATISTICS Owner-occupled housing units() Median Home Value (Owner-occupied housing, dollars Median Household Income (dollars) College Educated (% of age 25+ having Associates degree or higher) 67.38627451 267023.5294 67145.07843 43.5627451 Mean Standard Error 0.805753914 17205.93709 1633 82738 0.868390265 64591 43 Median 67.7 218600 164000 IN/A 42.7 Mode 67.2 Standard Deviation 5.754233906 122874.9683 11667.8613 6.201546929 33.11120784 136138987.2 38.45918431 Sample Variance 15098257835 3.148145992 0.442354679 2 063226761 Kurtosis 8.961986266 -2.340345929 1.708853211 0.532978008 0.763279324 Skewness 34.1 542200 49515 34.3 Range 40.4 130500 47247 31 5 Minimum 74.5 672700 96762 65 8 Maximum 3436.7 13618200 3424399 2221.7 Sum 51 51 Count 51 51CONCLUSION KEY FINDINGS NEGATIVE TRENDS BETWEEN: OWNER-OCCUPIED HOUSING UNITS (%) VS MEDIAN HOME VALUE (OWNER-OCCUPIED HOUSING, DOLLARS). OWNER-OCCUPIED HOUSING UNITS (%) VS MEDIAN HOUSEHOLD INCOME (DOLLARS). OWNER-OCCUPIED HOUSING UNITS (%) VS COLLEGE EDUCATED (% OF AGE 25+ HAVING AN ASSOCIATE DEGREE OR HIGHER). POSITIVE TRENDS BETWEEN: MEDIAN HOME VALUE (OWNER-OCCUPIED HOUSING, DOLLARS) VS MEDIAN HOUSEHOLD INCOME (DOLLARS). MEDIAN HOME VALUE (OWNER-OCCUPIED HOUSING, DOLLARS) VS COLLEGE EDUCATED (% OF AGE 25+ HAVING AN ASSOCIATE DEGREE OR HIGHER) . MEDIAN HOUSEHOLD INCOME (DOLLARS) VS COLLEGE EDUCATED (% OF AGE 25+ HAVING AN ASSOCIATE DEGREE OR HIGHER). RECOMMENDATIONS INCLUDE ADDITIONAL VARIABLES POPULATION SIZE STATE, COUNTY, TOWNS JOB POSITION
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