Spending Statistics

Introduction The purpose of my analysis is to occur the likelihood of a for certain category incurring the around expense. By understanding calculate out the probabilities I sewer find out what items I apprise buy less of to give up more bills. The info equanimous for this analysis is from my American submit statement for the calendar calendar month of March. The data includes the day time and get out 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 separated in to tail fin categories food and beverage (Fast-food and restaurant expenses), groceries, school, gas, and otherwise (movies, snacks, etc.). Based on preceding experience I theorize that I am or so likely to spend the most money on fast-food because it is something I buy constantly since I have teensy time to cook. Based on this I expect at least(prenominal) 30% of my expenses to be on fast-food and more than fractional of my purchases be on fast foot. pass judgment out these statistics I go forth be able to institute a delimit on my spending in rove to save money. Data These be obtained from my American Express credit cod statement for the month of March, arising 3/9/11 and ending at 3/31/11. The data focalize is a assembly of 51 individual purchases in a span of virtually 21 days. The following data will be employ to throw graphs and charts that will give a better provide to analyze. meter cost: $565.08 Mean: be Expensen= 11.

08 Median: 8.42 fluctuation: ?2 = 103.01 Standard Deviation: ? = 10.15 moment = $1.31 Max: $54.19 articulation try on Data 1st Quartile = 4.94 2nd Quartile = 8.42 third Quartile = 13.11 4th Quartile = 54.19 image of leveraging| Food/Bev.| Gas| Groceries| inculcate| 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 frequent expenses are ones between $5 and $15. second = 1.31 Min = 1.31...If you want to get a in ample essay, order it on our website: Ordercustompaper.com

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