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Use 2019 Q4 CES Interview 2018-2019 to complete the following: 1. Construct a variable titled T otal E xpenditures by adding expenditures from all categories
Use 2019 Q4 CES Interview 2018-2019 to complete the following:
1. Construct a variable titled Total Expenditures by adding expenditures from all categories and calculate a 99% confidence interval of the mean. Interpret what the interval means.
2. Use a Pivot Table to calculate means and standard deviations for Total Expenditures by Race category.
3. Calculate 99% confidence intervals of average total expenditures for each category.
4. Plot the means in a bar chart and superimpose whiskers that represent the confidence intervals for each mean. NOTE: You should not have a second set of bars for the standard deviations.
5. Explain what your chart shows.
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