22 Jul DISCUSS YOUR 1ST INDIVIDUAL VARIABLE USING GRAPHICAL NUMERICAL SUMMARY AND INTERPRETATION
For each of the five variables process organize present and summarize the data. Analyze each variable by itself using graphical and numerical techniques of summarization.
You may wish to use some of the following graphs: stem-leaf diagram frequency/relative frequency table histogram boxplot dotplot pie chart bar graph. Caution: not all of these are appropriate for each of these variables nor are they all necessary. More is not necessarily better. In addition be sure to find the appropriate measures of central tendency and measures of dispersion for the above data. Where appropriate use the five number summary (the Min Q1 Median Q3 Max). Explain what the results mean.
Analyze the connections or relationships between the variables. There are ten pairings here (Location and Income Location and Size Location and Years Location and Credit Balance income and Size Income and Years Income and Balance Size and Years Size and Credit Balance Years and Credit Balance). Use graphical as well as numerical summary measures. Explain what you see. Be sure to consider all 10 pairings. Some variables show clear relationships while others do not.
Prepare your report in Microsoft Word (or some other word processing package) integrating your graphs and tables with text explanations and interpretations. Be sure that you have graphical and numerical back up for your explanations and interpretations. Be selective in what you include in the report. Rather what I want you do is to highlight what you see for three individual variables(PLEASE USE INCOME VARIABLECREDIT BALANCE VARIABLE AND SIZE VARIABLE) (no more than 1 graph for each one or two measures of central tendency and variability (as appropriate) and three or four sentences of interpretation). For the 10 pairings identify and report only on three of the pairings(PLEASE USE RELATIONSHIP BETWEEN INCOME AND LOCATION RELATIONSHIP BETWEEN INCOME AND CREDIT BALANCE AND RELATIONSHIP BETWEEN SIZE AND CREDIT BALANCE) again using graphical and numerical summary (as appropriate) with interpretations.
Submission: The report from part 4 including all relevant graphs and numerical analysis along with interpretations. Interpretations are so important.
Format for report:
A. Brief Introduction
B. Discuss your 1st individual variable using graphical numerical summary and interpretation
C. Discuss your 2nd individual variable using graphical numerical summary and interpretation
D. Discuss your 3rd individual variable using graphical numerical summary and interpretation
E. Discuss your 1st pairing of variables using graphical numerical summary and interpretation
F. Discuss your 2nd pairing of variables using graphical numerical summary and interpretation
G. Discuss your 3rd pairing of variables using graphical numerical summary and interpretation
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