MY WORK

Submission: Your final report must be uploaded on Canvas as a single Microsoft Word or a pdf file. No email submission will be accepted. If a student disregards this and uses email to submit, a zero is assigned for the report. Submitting a report is no guarantee for receiving any credit.

Car Insurances Expenses Project Phase 1

Introduction

The Bureau of Labor Statistics is a government agency that tracks and analyzes economic data, including how families spend their money. Car insurance has become an important and regular expense for many households in America, so The Bureau of Labor Statistics is looking into what influences these costs. This study aims to review how much families are spending on vehicle insurance in 2024. It will explore how these expenses vary among households and assess the chances of different spending levels using descriptive statistics and probability.

Variable

The variable being measured is how much money each household spends on car insurance each year ( annual vehicle insurance expenditure). This is a quantitative and continuous variable because it can take on any positive dollar amount.

Summarization of the Data