Spending Statistics

Introduction The purpose of my analysis is to find the likelihood of a sure category incurring the most expense. By conclusion reveal the probabilities I sewer find out what items I can purchase less of to save more bills. The info equanimous for this analysis is from my American hold statement for the schedule month of March. The data includes the day and date of purchase, where it was purchased, what was purchased, the cost, and how many purchases in that day I made. The type of purchase made is dislocated in to tail fin categories food and beverage (Fast-food and eating house expenses), groceries, school, gas, and other (movies, snacks, etc.). Based on previous experience I hypothesize that I am most likely to drop the most money on riotous-food because it is something I buy invariably since I have teensy time to cook. Based on this I expect at least 30% of my expenses to be on fast-food and more than fractional of my purchases be on fast foot. Figuring out th ese statistics I give be adequate to(p) to set a delimit on my spending in order to save money. entropy These are obtained from my American Express credit card statement for the month of March, beginning 3/9/11 and ending at 3/31/11. The data set is a assembly of 51 mortal purchases in a span of virtually 21 days. The by-line data will be employ to construct graphs and charts that will give a better provide to analyze. quantity cost: $565.08 Mean: be write downn= 11.08 Median: 8.42 fluctuation: ?2 = 103.01 measurement Deviation: ? = 10.15 moment = $1.31 Max: $54.19 articulation Sample Data 1st Quartile = 4.94 2nd Quartile = 8.42 3rd Quartile = 13.11 4th Quartile = 54.19 image of purchase| Food/Bev.| Gas| Groceries| School| Other| Total # of Purchases| 21| 3| 8| 4| 15| Total Expense| $182.85| 79.64| 125.85| 29.74| 147| Charts & Graphs Figure 1. The Expense Histogram shows how I spend my money in general. The most frequen t expenses are ones between $5 and $15. M! in = 1.31 Min = 1.31...If you want to get a in proficient essay, order it on our website: BestEssayCheap.com

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