Wk 8

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DescriptiveStatistics.xlsx
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Mean Median Mode

The variables Age and Monthly Income were chosen for this analysis, as they are both quantitative variables measured in the ratio scale of measurement and measures of central tendency, like mean, median etc, and dispersion, like standard deviation etc, are appropriate for these variables.
Age Monthly Income
18 1000 Descriptive Statistics Age Monthly Income
18 1008 Mean 31.35 $2,599.37
18 1018 Median 28 $1,828.00
18 1026 Mode 25 $1,296.00
18 1029
18 1054
19 1057
19 1068 Variable: Age
19 1089 The mean for the variable Age is 31.35, i.e. the mean age is 31.35 years.
19 1097 The median for the variable Age is 28, i.e. about 50% of the participants in the sample were aged 28 years or less.
19 1099 The mode for the variable Age is 25, i.e., the most prevalant age amongst the participants was 25 years.
19 1100
19 1156 Variable: Monthly Income
19 1165 The mean for the variable Monthly Income is $2599.37, i.e. the mean monthly income is $2599.37.
19 1177 The median for the variable Monthly Income is $1828.00, i.e. about 50% of the participants in the sample had a monthly income of $1828.00 or less. .
19 1184 The mode for the variable Monthly Income is $1296.00, i.e., the most prevalent monthly income amongst the participants is $1296.00.
20 1186
20 1190
20 1222
20 1224
21 1225
21 1230
21 1234
22 1244
22 1250
22 1259
22 1272
22 1293
22 1296
22 1296
23 1297
23 1324
23 1359
23 1385
23 1412
23 1451
23 1453
23 1458
23 1460
23 1460
24 1474
24 1490
24 1495
24 1515
25 1526
25 1529
25 1587
25 1611
25 1712
25 1729
25 1761
25 1766
25 1890
25 1939
25 1972
25 2186
25 2219
26 2269
26 2355
26 2391
26 2412
26 2527
26 2574
26 2585
26 2614
26 2656
27 2723
27 2851
27 2863
27 2922
27 2924
28 3076
28 3173
28 3177
28 3208
28 3221
28 3241
29 3420
29 3481
29 3492
29 3615
30 3646
30 3780
30 3836
30 3983
31 4391
31 4410
31 4599
31 4682
32 4737
32 4804
32 5179
33 5250
33 5363
33 5865
33 6060
33 6218
34 6284
34 6329
34 6409
34 6420
34 6525
34 6592
34 6994
34
35
35
35
35
35
36
36
36
37
37
37
37
37
37
37
38
39
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61
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72
75

Variance

Age Monthly Income
18 1000 Descriptive Statistics Age Monthly Income
18 1008 Variance 136.7112 2826069.6128
18 1018
18 1026
18 1029
18 1054 Variable: Age
19 1057 The variance for the variable Age is 136.7112.
19 1068
19 1089 Variable: Monthly Income
19 1097 The variance for the variable Monthly Income is 2826069.6128.
19 1099
19 1100
19 1156
19 1165
19 1177
19 1184
20 1186
20 1190
20 1222
20 1224
21 1225
21 1230
21 1234
22 1244
22 1250
22 1259
22 1272
22 1293
22 1296
22 1296
23 1297
23 1324
23 1359
23 1385
23 1412
23 1451
23 1453
23 1458
23 1460
23 1460
24 1474
24 1490
24 1495
24 1515
25 1526
25 1529
25 1587
25 1611
25 1712
25 1729
25 1761
25 1766
25 1890
25 1939
25 1972
25 2186
25 2219
26 2269
26 2355
26 2391
26 2412
26 2527
26 2574
26 2585
26 2614
26 2656
27 2723
27 2851
27 2863
27 2922
27 2924
28 3076
28 3173
28 3177
28 3208
28 3221
28 3241
29 3420
29 3481
29 3492
29 3615
30 3646
30 3780
30 3836
30 3983
31 4391
31 4410
31 4599
31 4682
32 4737
32 4804
32 5179
33 5250
33 5363
33 5865
33 6060
33 6218
34 6284
34 6329
34 6409
34 6420
34 6525
34 6592
34 6994
34
35
35
35
35
35
36
36
36
37
37
37
37
37
37
37
38
39
39
39
40
40
42
42
42
43
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47
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52
61
69
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72
72
75

Standard Deviation

Age Monthly Income
18 1000 Descriptive Statistics Age Monthly Income
18 1008 Standard Deviation 11.6924 1681.0918
18 1018
18 1026
18 1029
18 1054 Variable: Age
19 1057 The standard deviation for the variable Age is 11.6924 years.
19 1068
19 1089 Variable: Monthly Income
19 1097 The standard deviation for the variable Monthly Income is $1681.09.
19 1099
19 1100
19 1156
19 1165
19 1177
19 1184
20 1186
20 1190
20 1222
20 1224
21 1225
21 1230
21 1234
22 1244
22 1250
22 1259
22 1272
22 1293
22 1296
22 1296
23 1297
23 1324
23 1359
23 1385
23 1412
23 1451
23 1453
23 1458
23 1460
23 1460
24 1474
24 1490
24 1495
24 1515
25 1526
25 1529
25 1587
25 1611
25 1712
25 1729
25 1761
25 1766
25 1890
25 1939
25 1972
25 2186
25 2219
26 2269
26 2355
26 2391
26 2412
26 2527
26 2574
26 2585
26 2614
26 2656
27 2723
27 2851
27 2863
27 2922
27 2924
28 3076
28 3173
28 3177
28 3208
28 3221
28 3241
29 3420
29 3481
29 3492
29 3615
30 3646
30 3780
30 3836
30 3983
31 4391
31 4410
31 4599
31 4682
32 4737
32 4804
32 5179
33 5250
33 5363
33 5865
33 6060
33 6218
34 6284
34 6329
34 6409
34 6420
34 6525
34 6592
34 6994
34
35
35
35
35
35
36
36
36
37
37
37
37
37
37
37
38
39
39
39
40
40
42
42
42
43
43
43
43
43
44
44
45
45
47
47
47
48
52
61
69
70
70
72
72
75

Probability

The probability that each event occurs for the variable Age is given as follows:
Age Frequency Probability Monthly income ($) Frequency Percentage Probability
18 6 0.0400 1 - 1500 43 ERROR:#DIV/0! 0.4135
19 10 0.0667 1501 - 3000 28 ERROR:#DIV/0! 0.2692
20 4 0.0267 3001 - 4500 16 ERROR:#DIV/0! 0.1538
21 3 0.0200 4501 and above 17 ERROR:#DIV/0! 0.1635
22 7 0.0467
23 10 0.0667 The probability that the monthly income of the participants is within $1 to $1500 is 0.4135.
24 4 0.0267 The probability that the monthly income of the participants is within $1501 to $3000 is 0.2692.
25 13 0.0867 The probability that the monthly income of the participants is within $3001 to $4500 is 0.1538.
26 9 0.0600 The probability that the monthly income of the participants is $4501 or more is 0.1635.
27 5 0.0333
28 6 0.0400
29 4 0.0267
30 4 0.0267
31 4 0.0267
32 3 0.0200
33 5 0.0333
34 8 0.0533
35 5 0.0333
36 3 0.0200
37 7 0.0467
38 1 0.0067
39 3 0.0200
40 2 0.0133
41 0 0.0000
42 3 0.0200
43 5 0.0333
44 2 0.0133
45 2 0.0133
46 0 0.0000
47 3 0.0200
48 1 0.0067
49 0 0.0000
50 0 0.0000
51 0 0.0000
52 1 0.0067
53 0 0.0000
54 0 0.0000
55 0 0.0000
56 0 0.0000
57 0 0.0000
58 0 0.0000
59 0 0.0000
60 0 0.0000
61 1 0.0067
62 0 0.0000
63 0 0.0000
64 0 0.0000
65 0 0.0000
66 0 0.0000
67 0 0.0000
68 0 0.0000
69 1 0.0067
70 2 0.0133
71 0 0.0000
72 2 0.0133
73 0 0.0000
74 0 0.0000
75 1 0.0067