STAT200 - Assignment #2 Descriptive Statistics Analysis and Writeup

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University of Maryland University College STAT200 - Assignment #2: Descriptive Statistics Analysis and Writeup Identifying Information Student (Full Name): Hemphill, Brian D Class: Introduction to... Statistics Instructor: Joon Yoo Date: 02/27/2021 Introduction: 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” 100,097.00 USD Quantitative Variable 2: “Expenditure” 17,808.00 Quantitative Variable 3: “Housing” 12,408.00 Quantitative Variable 4: “Age of Head of Household” 37 Quantitative Variable 5: “Family Size” 3 Quantitative Data Set Description and Method Used for Analysis: Above is the data set I chose to use. All of these numbers are pretty close to my actual number in real life. I wanted to see how I stack up against the data give. I used Excel to complete my work and will attach the work with the assignment. Results: Variable 1: Income Numerical Summary. Table 2. Descriptive Analysisfor Variable 1 Variable n Measure(s) of Central Tendency Measure(s) of Dispersion Variable: Income Median= 97,198.50 SD = 5866.01 Graph and/or Table: Histogram of Income Description of Findings. Using Excel I highlighted the cells with income and used the equation for Standard Deviation; it can me the SD= 5866.01. I also sorted the numbers from least to greatest and did the Median equation for 15 and 16; giving me 97,198.50. The findings for this Variable is that my income is above the middle number. [Show More]

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