Statistics Concepts and Descriptive Measures, Exercises of Statistics

Statistics Concepts and Descriptive Measures

Typology: Exercises

2017/2018

Uploaded on 07/07/2018

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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. Nominal measurements deal with categories and names but do not allow ordering.
2. Ordinal data can be ordered but does not provide meaningful differences between the
data.
3. Interval data provides meaningful inter-data differences, but it lacks a starting point or
a zero value; hence does not offer to calculate the ratio between the data (example,
temperature scale).
4. Ratio level data hold all the features of interval data along with a zero value; hence it
allows ratio between the data. (Salkind, 2012)
The level of measurement for each column in the selected dataset of consumer food is
described below:
1. Annual Household Income: Ratio
STATISTICS CONCEPTS AND DESCRIPTIVE MEASURES
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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. Nominal measurements deal with categories and names but do not allow ordering.
  2. Ordinal data can be ordered but does not provide meaningful differences between the data.
  3. Interval data provides meaningful inter-data differences, but it lacks a starting point or a zero value; hence does not offer to calculate the ratio between the data (example, temperature scale).
  4. Ratio level data hold all the features of interval data along with a zero value; hence it allows ratio between the data. (Salkind, 2012) The level of measurement for each column in the selected dataset of consumer food is described below:
  5. Annual Household Income: Ratio

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  1. Annual Food Spending: Ratio
  2. Nonmortgage household debt: Ratio
  3. (^) Location: Qualitative and Nominal
  4. Region: Qualitative and Nominal

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.