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I am working on a project where I have data set of 30 households in the US, with the, marital status, income, number in household and annual...

  1. I am working on a project where I have data set of 30 households in the US, with the, marital status, income, number in household and annual expenditures on: food, fruits, meats, etc.. From this I need to run the appropriate method for estimating a parameter, based on a statistic (i.e., confidence interval method) The parameter i chose is food. I am having trouble coming up with an appropriate scenario for one parameter analysis.

Part A: Inferential Statistics Data Analysis Plan and Computation


Introduction:


Variables Selected: Food


Table 1: Variables Selected for Analysis

Variable Name in the Data Set

Variable Type

Description

Qualitative or Quantitative

Variable 1:

Socioeconomic

Marital Status

Qualitative

Variable 2:

Expenditure

Food

Quantitative

Variable 3:

Expenditure

Fruits

Quantitative

Data Analysis:


  1. Confidence Interval Analysis: For one expenditure variable, select and run the appropriate method for estimating a parameter, based on a statistic (i.e., confidence interval method) and complete the following table (Note: Format follows Kozak outline.)


Table 2: Confidence Interval Information and Results

Name of Variable:

State the Random Variable and Parameter in Words:


Confidence interval method including confidence level and rationale for using it:


State and check the assumptions for confidence interval:


Method Used to Analyze Data:

Find the sample statistic and the confidence interval:


Statistical Interpretation:

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