Question

In: Statistics and Probability

Income: What is the meadian and Standard Diviation. Create a histogram of the data and write...

Income: What is the meadian and Standard Diviation. Create a histogram of the data and write a description of the findings.

Data Set:

SE-MaritalStatus

SE-Income

SE-FamilySize

USD-Food

USD-Housing

Not Married

95432

1

7089

18391

Not Married

97469

4

6900

18514

Not Married

96664

3

7051

18502

Not Married

96653

4

6943

18838

Not Married

94867

1

6935

18633

Not Married

97912

1

6937

18619

Not Married

96886

2

6982

18312

Not Married

96244

4

7073

18484

Not Married

95366

2

7130

18576

Not Married

96727

2

7051

18376

Not Married

96697

2

6971

18520

Not Married

95744

4

7040

18435

Not Married

96572

2

7179

18648

Not Married

98717

3

7036

18389

Not Married

94929

2

6948

18483

Married

95778

4

9067

22880

Married

109377

4

10575

23407

Married

95706

4

8925

22376

Married

95865

1

9321

22621

Married

109211

4

11566

22219

Married

95994

4

9231

22852

Married

114932

5

11077

26411

Married

112559

3

11189

25531

Married

95807

4

9210

23139

Married

99610

2

9513

27164

Married

95835

3

9111

23252

Married

102081

4

11738

23374

Married

104671

4

10420

22245

Married

107028

4

10840

25671

Married

114505

5

11375

26006

Solutions

Expert Solution

Given data

SE-MaritalStatus

SE-Income

SE-FamilySize

USD-Food

USD-Housing

Not Married

95432.00

1

7089

18391

Not Married

97469.00

4

6900

18514

Not Married

96664.00

3

7051

18502

Not Married

96653.00

4

6943

18838

Not Married

94867.00

1

6935

18633

Not Married

97912.00

1

6937

18619

Not Married

96886.00

2

6982

18312

Not Married

96244.00

4

7073

18484

Not Married

95366.00

2

7130

18576

Not Married

96727.00

2

7051

18376

Not Married

96697.00

2

6971

18520

Not Married

95744.00

4

7040

18435

Not Married

96572.00

2

7179

18648

Not Married

98717.00

3

7036

18389

Not Married

94929.00

2

6948

18483

Married

95778.00

4

9067

22880

Married

109377.00

4

10575

23407

Married

95706.00

4

8925

22376

Married

95865.00

1

9321

22621

Married

109211.00

4

11566

22219

Married

95994.00

4

9231

22852

Married

114932.00

5

11077

26411

Married

112559.00

3

11189

25531

Married

95807.00

4

9210

23139

Married

99610.00

2

9513

27164

Married

95835.00

3

9111

23252

Married

102081.00

4

11738

23374

Married

104671.00

4

10420

22245

Married

107028.00

4

10840

25671

Married

114505.00

5

11375

26006

Total income of all the = 2995838

Number of observations = 30

Mean = 99861

Standard deviation = 6291

The histogram of income is

From the histogram, we can see that more than 50% of observations have income around 97096 USD.


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