Question
You are a financial planner tasked with understanding the various factors that influence the decision of customers in purchasing critical illness insurance schemes. You conducted
You are a financial planner tasked with understanding the various factors that influence the decision of customers in purchasing critical illness insurance schemes. You conducted a survey among your clients and managed to collect data on which you need to perform statistical analysis.
Question 1 : Perform Descriptive analysis on the demographics of the respondents. Answer should be based on central tendency include the mean, median, and mode calculation into consideration, while measures of variability include standard deviation, variance and skewness. You may include diagram, graph, table, chart for providing good and efficient answer.
Data is as below :
Identify H0 and H1 Hyphotesis , mean, median, and mode calculation and measures of variability include standard deviation, variance and skewness for data given below ?
Figure 1
Count of Gender | Column Labels | ||||
Row Labels | 50 | 18 to 29 | 30 to 39 | 40 to 49 | Grand Total |
Female | 2 | 53 | 8 | 4 | 67 |
Married | 2 | 2 | 4 | 3 | 11 |
0 | 1 | 1 | 2 | ||
1-3 | 1 | 1 | 3 | 3 | 8 |
4-5 | 1 | 1 | |||
Single | 51 | 4 | 1 | 56 | |
0 | 47 | 4 | 51 | ||
1-3 | 4 | 1 | 5 | ||
Male | 5 | 28 | 9 | 1 | 43 |
Married | 5 | 1 | 6 | 12 | |
0 | 1 | 2 | 3 | ||
1-3 | 4 | 4 | 8 | ||
4-5 | 1 | 1 | |||
Single | 27 | 3 | 1 | 31 | |
0 | 22 | 3 | 1 | 26 | |
1-3 | 4 | 4 | |||
4-5 | 1 | 1 | |||
Grand Total | 7 | 81 | 17 | 5 | 110 |
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