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What is the average income of the households in Mexico? What is the standard deviation of the income? What is the meaning of this value?

  1. What is the average income of the households in Mexico?

  1. What is the standard deviation of the income? What is the meaning of this value?

The standard deviation tells us how spread out our data is. In this case, it signifies how spread-out income distribution is. The more spread out the income, the. It's a value that indicates spread around the mean value. A higher standard deviation value means more variation around the mean.

You can apply the ergodic principle because there is no trend, for skewed distributions or data sets with outliers, the interquartile range is the best measure.

  1. How much money does household use in their food consumption on average?
  2. What is the percentage of income spent in food outside the house and the tobacco in average?
  3. Considering the values in question 4, which good of consumption has the greater deviation?

Extra:

  1. What is the average income of households lead by males and females? Does the difference seems significative to you?

image text in transcribed
N O P Q R S T U V W X Y totalexpenditureinfoo |expenditure of |ali_fuera |tabaco agua v energia 3.49 14732.8 13549.96 1182.84 750 2100 .68 9321.32 9321.32 lo 990 1318.5 3.16 15081.32 9295.63 5785.69 O 420 1677 .37 26921.53 22164.39 4757.14 756 1228.5 .26 11969.93 3355.69 8614.24 ooo 408 2559 .84 7547.03 7547.03 0 1500 150 1.48 11281.98 11281.98 0 600 2550 oo 702 8254.05 8254.05 0 390 1796.6 3.38 321.42 321.42 O o 375 300 .27 4885.69 4885.69 O 1590 1167 .55 10671.16 10671.16 C 720 2403.87 o o 001 1266.4 764.98 501.42 365.8 #1 Average Income $ 47,838.49 .52 8254.17 4397.07 3857.1 lo 300 #2 Standard Deviation 71,276.03 .51 1067.11 1067.11 300 0 #3 Average Spent on food $ 10,783.55 .85 1819.23 1819.23 900 1200.96 oo OO 3.33 8678.47 8678.47 O 441 1264.5 .24 2391.35 2391.35 0 500 120 .22 7109.94 7109.94 0 0 267 3258.04 .25 6209.96 4024.26 1671.42 514.28 450 225 #4 %income spent on food afuera 2.64 Income spent in food, afuera 1,261.72 .68 34846.91 34641.2 205.71 0 960 2250 %income spent on tobacco 0.128 Income spent in tobacco 61.28 .94 12336.26 12336.26 0 0 1080 1251 .93 8453.49 8453.49 0 0 348.38 375 .95 9887.11 7598.55 2288.56 O 852 2791.93 #5 The income consumption has a greater deviation. 7.66 2076.38 2076.38 0 0 1005 500 033 0 0 365.8 147 .04 17847.94 17847.94 0 0 522.58 600 5.44 9353.49 4210.64 5142.85 600 2297.9 IQR 36248.09 50.9 4557.76 4557.76 0 0 0 OO .36 7751.42 7751.42 0 567 642.82 Q1 21391.955 3.94 7971.2 7971.2 0 0 287.41 750 Q2 858 10684.15 6441.31 4242.84 594 82.5 Q3 57640.045 7.33 11494.18 7328.48 4165.7 300 270 04 oo .09 4319.83 4319.83 0 0 0 3.61 6904.06 6904.06 O O 0 225 1.08 9989.8 9989.8 0 600 180

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