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Statistics Concepts and Descriptive Measures
Typology: Exercises
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Statistics Concepts and Descriptive Measures
Quantitative data is always in numerical form; hence, mathematical operations such as addition, subtraction, division, multiplication etc. can be performed on such data. While, qualitative data is mostly comprised of descriptions and is not numerical. Numbers can be allocated in qualitative data for identification purpose but those numbers do not reflect any value. Mathematical operations cannot be performed on qualitative data. In the given consumer food dataset, the data presented in column of Annual Household Income, Annual Food Spending and Non mortgage household debt is quantitative data. While, the data presented in column of Region and Location is qualitative data (Grbich, 2013).
There are following four levels of measurement proposed by S. S. Stevens.
1
Mean and Median Calculations and Interpretation:
The mean is the average value of the entire data in a column. The median is the central or middle value in a list of numbers which is arranged in ascending or descending manner.
Annual Food Spending:
Median: $8,
Mean: $8,
The consumers spend $8,996 in average on food annually. While, 50% of them pay more than $8,932 and 50% of them pay less than $8,932 for food.
Annual Household Income:
Median: $54,
Mean: $55,
The average of per year household income is $55,552. While, 50% of them make more than $54,957 and 50% of them make more than $54,957 annually.
Nonmortgage Household Debt:
Median: $16,
Mean: $15,
The points of data are distributed over a broad range farther from average nonmortgage household debt i.e. $15,604. The value of standard deviation is more than half of the average value. This is also reflected from very high value of range i.e. $36,374.
References Grbich, C. (2013). Qualitative data analysis: an introduction. London: SAGE.
Salkind, N. J. (2012). Exploring Research. (5 th^ ed.). Pearson Prentice Hall.