Suppose the researcher collected data from 430 randomly selected families. For each family, the total debt (in $) and the number of hours the television is turned-on (TV Hours) per week were recorded. The data are stored in file 1TVDEBT.xlsx and available in the course website under Assessment. Using this data and EXCEL, answer the Parts B, C and D below.
Part B First, the researcher wishes to use the graphical descriptive methods to present the data for the two variables. (d) He suggests using 10 classes such as class intervals 0-6, 6-12, 12-18, .... for the TV Hours variable and class intervals 0-30000, 30000-60000, 60000-90000, .... for the Total Debt variable. Explain how he could have decided on the number of classes as 10. (e) Use appropriate BIN values to draw histograms for the two variables and comment on the shape of the two distributions (Hint: draw the frequency polygon as well).
Part C Second, the researcher wishes to use the numerical descriptive measures to summarize the data. (f) Prepare a numerical summary report about the data on the two variables the researcher has considered by including the summary measures, mean, median, range, variance, standard deviation, smallest and largest values and the three quartiles, for each variable. (g) Use five of the above summary measures to represent the summary information in a box plot for each variable (hand drawn and scanned is OK). Comment on the outliers (if any).
Part D Third, the researcher wishes to use graphical descriptive method and a numerical descriptive measure to analyse the strength of the linear relationship between the two variables. (h) Use an appropriate plot to show the relationship between variables, Total Debt and TV Hours. (i) Compute a measure of the direction and strength of a linear relationship between the two variables. Interpret this value. (j) Comment on the sociologists theory that people who watch television frequently are exposed to many commercials, which in turn lead them to buy, resulting in increasing debt
AutoSave off A 1TVDEBT(1) - Protected View Search (Alt+Q) File Home Insert Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. 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H417 X fx A C D E F G H I J K 1 TV time (Hours) B Debt ($) 81700 2 40 31 15 140400 4 36 228366 5 37 137176 6 42 99522 7 27 164431 8 25 108764 9 26 109169 10 22 38817 11 17 111109 12 19 94674 13 20 129337 14 23 26813 15 43 128545 16 13 158001 17 28 56879 18 25 100078 19 36 158097 20 18 107671 21 35 198811 30 97956 17 72762 13 67721 44 195427 26 181866 21 98324 24 115842 30 20516 32 169104 16 97961 29 145794 22 140254 30 71460 22 113584 40 141652 24 117790 Sheet3 27 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 4 Ready Sheet1 Enable Editing L M N 0 P 0 R Yash Gupta YG S |||| 1 Comments U + V Share x -+100% AutoSave off) A 1TVDEBT(1) - Protected View Search (Alt+Q) File Home Insert Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. 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