Question: 1) I this question I need to summarize the differences in Medical charges between the groups of people below. a) Compare the Average Medical charges
1) I this question I need to summarize the differences in Medical charges between the groups of people below.
a) Compare the Average Medical charges for person who does not smoke = $8,434.27 with the Average Medical charges for the person who smoke = $32,050.23, T-test= 0
b) Compare the Average Medical charges for a Female = $12,569.58 with the Average Medical charges for Male = $13,956.75, T-test = 0.036
c) Compare the Average Medical charges for BMI<25 >= 25 = $13,940.24, T-test = 0
d) Compare the Average Medical charges for a person whose Age is less than 40 = $10,157.22 with the Average Medical charges for a person whose Age is 40 or more = $16,430.51, T-test = 0
e) Compare the Average Medical charges for a person who has 0 = $12,365 with the Average Medical charges for a person who has 1 or more Children = $13,949.94, T-test = 0.018
f) Compare Average Medical charges for person who lives in Northeast = $13,406.38 with the Average Medical charges for a person who lives in Southeast = $14,735.41 with Average Medical charges for a person who lives in Northwest = $12,417.58 with the Average Medical charges for a person who lives in Southwest = $12,346.94
2) Based on your findings below, summarize the strength of the relationship between real consumption expenditures and real disposable income.
The correlation between real consumption expenditures and real disposal income = 0.993969
This is all information that I have.
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