Question: Use Table 1 to report the variables selected for this assignment. Note: The information for the required variable, Income, has already been completed and can
Use Table 1 to report the variables selected for this assignment. Note: The information for the required variable, Income, has already been completed and can be used as a guide for completing information on the remaining variables.
Table 1. Variables Selected for the Analysis
| Variable Name in the Data Set | Description (See the data dictionary for describing the variables.) | Type of Variable (Qualitative or Quantitative) |
| Variable 1: income | Annual household income in USD. | Quantitative |
| Variable 2: 2400 | ||
| Variable 3: 4800 | ||
| Variable 4: 5400 | ||
| Variable 5: 4500 |
Reason(s) for Selecting the Variables and Expected Outcome(s):
1. Variable 1: Income -
2. Variable 2: -
3. Variable 3: -
4. Variable 4: -
5. Variable 5: -
Data Set Description:
Proposed Data Analysis:
Measures of Central Tendency and Dispersion
Complete Table 2. Numerical Summaries of the Selected Variables and briefly explain why you choose those measurements. Note: The information for the required variable, Income, has already been completed and can be used as a guide for completing information on the remaining variables.
Table 2. Numerical Summaries of the Selected Variables
| Variable Name | Measures of Central Tendency and Dispersion | Rationale for Why Appropriate |
| Variable 1: Income | ? Number of Observations ? Median ? Sample Standard Deviation | I am using median for two reasons: 1. If there are any outliers or the data is not normally distributed, the median is the best measure of central tendency. 2. The variable is quantitative.
I am using sample standard deviation for three reasons: 1. The data is a sample from a larger data set. 2. It is the most commonly used measure of dispersion. 3. The variable is quantitative. |
| Variable 2: | ||
| Variable 3: | ||
| Variable 4: | ||
| Variable 5: |
Graphs and/or Tables
Complete Table 3. Type of Graphs and/or Table for Selected Variables and briefly explain why you choose those graphs and/or tables. Note: The information for the required variable, Income, has already been completed and can be used as a guide for completing information on the remaining variables.
Table 3. Type of Graphs and/or Tables for Selected Variables
| Variable Name | Graph and/or Table | Rationale for why Appropriate? |
| Variable 1: Income | Graph: I will use the histogram to show the normal distribution of data. | Histogram is one of the best plot to show the normal distribution of quantitative level data . |
| Variable 2: | ||
| Variable 3: | ||
| Variable 4: | ||
| Variable 5: |
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