# The US Budget’s Analysis

The annual expenditure used by 42-year old head of household with a \$90,000 annual income having 2 children. In addition to income, other socioeconomic variables that will be considered include the number of children, family size, marital status and annual expenditure on food.

We will write a
custom essay
specifically for you

for only \$16.05 \$11/page
308 certified writers online

Table 1. Variables Selected fo78 r the Analysis

 Variable Name Description Type of Variable Income Annual household income in USD Quantitative Housing Total Amount of Annual Expenditure on Housing in USD Quantitative Family size Total Number of People in Family (Both Adults and Children) Quantitative Marital status Marital Status of Head of Household as married or not married Qualitative Food Total Amount of Annual Expenditure on Food in USD Quantitative

## Reason(s) for Selecting the Variables and Expected Outcome(s)

1. Income – Poverty is measured in the US by comparing a family’s income to a set poverty threshold. Lower income is associated with poverty (US Census Bureau, 2020).
2. Housing – Poverty is measured in the US by comparing minimum amount of income needed to cover basic needs, such as housing. Poor housing is associated with poverty (US Census Bureau, 2020).
3. Family size – Poverty prevalence is invariably seen to higher among individuals with larger family sizes (US Census Bureau, 2020).
4. Marital status – Non-married individuals are often aligned with higher poverty rates than the married individuals (US Census Bureau, 2020).
5. USD Food – Poverty is measured in the US by comparing minimum amount of income needed to cover basic needs, such as food. Limited amount of money for food is associated with poverty (US Census Bureau, 2020).

## Measures of central Tendency

 Variable Name Measures of Central Tendency and Dispersion Rationale for Why Appropriate Income Number of observations Median Sample standard deviation I am using the median for two reasons: If there are any outliers or the data is not normally distributed, the median is the best measure of central tendency. The variable is quantitative. I am using sample standard deviation for three reasons: The data is a sample from a larger data set. It is the most commonly used measure of dispersion. The variable is quantitative. Housing Median Sample standard deviation I am using median for the following reasons: Outliers and skewed data has limited effect on the median. I am using sample standard deviation for the following reasons: The data is a sample from a larger data set. The variable is quantitative. Family size Median Sample standard deviation I am using median for the following reason: Outliers and skewed data has limited effect on the median. I am using sample standard deviation for the following reasons: The data is a sample from a larger data set. The variable is quantitative. Marital status Mode Percent distribution I am using mode for the following reason: The variable is nominal I am using percent distribution for the following reason: The variable is nominal Food Mean Sample standard deviation I am using the mean for the following reasons: It includes all data I am using sample standard deviation for the following reasons: The data is a sample from a larger data set. The variable is quantitative.

Table 3. Type of Graphs and/or Tables for Selected Variables

 Variable Name Measures of Central Tendency and Dispersion Rationale for Why Appropriate Income Graph: I will use the histogram to show the normal distribution of data. The histogram is one of the best plot to show the normal distribution of quantitative level data. Housing Graph: I will use the histogram to show the normal distribution of data. It shows the center and skewness of the data. It also shows the presence of outliers (Ruhil, 2019). Family size Graph: I will use the histogram to show the normal distribution of data. It shows the center and skewness of the data. It also shows the presence of outliers. Marital status Graph: I will use the bar graph It shows the presence of modes in the data (Ruhil, 2019). Food Graph: I will use the histogram to show the normal distribution of data. It shows the center and skewness of the data. It also shows the presence of outliers.

## References

Ruhil, A. V. (2019). Data analysis for leadership and public affairs: An introduction. Bookdown.

United States Census Bureau. (2020). Questions on the form and why we ask. Web.

## Cite this paper

Select style

Reference

Reference

StudyCorgi. (2022, February 4). The US Budget’s Analysis. https://studycorgi.com/the-us-budgets-analysis/

Work Cited

"The US Budget’s Analysis." StudyCorgi, 4 Feb. 2022, studycorgi.com/the-us-budgets-analysis/.

1. StudyCorgi. "The US Budget’s Analysis." February 4, 2022. https://studycorgi.com/the-us-budgets-analysis/.

Bibliography

StudyCorgi. "The US Budget’s Analysis." February 4, 2022. https://studycorgi.com/the-us-budgets-analysis/.

References

StudyCorgi. 2022. "The US Budget’s Analysis." February 4, 2022. https://studycorgi.com/the-us-budgets-analysis/.

References

StudyCorgi. (2022) 'The US Budget’s Analysis'. 4 February.

This paper was written and submitted to our database by a student to assist your with your own studies. You are free to use it to write your own assignment, however you must reference it properly.

If you are the original creator of this paper and no longer wish to have it published on StudyCorgi, request the removal.