STAT 200 Assignment #2

  

Introduction

I am 43 years old and married with three children. My income is $98,000 annually. The variables included:  SE- Income, SE – Marital status, SE family size, and USD food.

  

Variable/Data   Set

Description

Variable   Type

 

Variable 1 “Income”

Annual Income   (USD)

Quantitative

 

Variable 2

“Age” 

Head of Household   Age

Qualitative

 

Variable 3

“Size of family”

No. of people in   household

Quantitative

Income is necessary for basic needs for the survival of the family.

Numerical Summary

For income, the median is the measure of central tendency, the variable is quantitative. If any outliers or if the data is not distributed normally, the median is the best measure for central tendency.