Scenario: Please write a few lines describing your scenario and the four variables (in addition to income) you have selected.

I am 27 years old, single with no dependents.  My income is $55,000.00 a year.  I spend 15% of my income on food and 10 percent of my income on entertainment.  The socioeconomic variables I will be comparing are Income, Marital Status, and Family Size.  The expenditure variables will be food and entertainment.

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.

 Reason(s) for Selecting the Variables and Expected Outcome(s):

1. Variable 1: “Income” -  To show how much income is made annually

2. Variable 2: “Marital Status” - To show if the head of household is married

3. Variable 3: “Family Size “  - To show the amount of people in household

4. Variable 4: “Food  “  - To show food expenses annually

5. Variable 5: “Entertainment  “  - To show entertainment expenses annually

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.

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.

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