Question

In: Statistics and Probability

The population of a City and Average Annual Income of City Residents.

Quantitative Project research paper

The population of a City and Average Annual Income of City Residents.

Solutions

Expert Solution

 

To do a research paper based on a sample survey first we need to frame a questionnaire.

There are five popular methods to collect the primary data. Questionnaire should contain maximum of 25 question.question should not include personal information of individual. Question should be framed with multiple choice questions so that we can do the statistical analysis.

Related to the topic

some example questions are as follows

Area of living

a) rural b) urban

occupation

a) private job b) government job c) self employed d) others

annual income

a)<5,00,000 b)5,00,000-10,00,000 c) 10,00,000-20,00,000 d)> 20,00,000

we should know the population of the city and its locality

we may find the relationship between population of city and average annual income of city residents using correlation and regression.

we may also use the time based data that is population of city as well as annual income of city residents varies year to year using this data we can forecast the future values using various time series forecasting models such as moving average, arima models, exponential smoothing, trend analysis.

we can set a model from which we can predict the future values.


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