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Does a Person’s Income Relate to Their Age?. Variables  Annual Income Measured in Dollars per Year  Age of Individual Measured in Years.

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Presentation on theme: "Does a Person’s Income Relate to Their Age?. Variables  Annual Income Measured in Dollars per Year  Age of Individual Measured in Years."— Presentation transcript:

1 Does a Person’s Income Relate to Their Age?

2 Variables  Annual Income Measured in Dollars per Year  Age of Individual Measured in Years

3 Data Collection Methods  Population of Taylorsville city = 59,102  Divided the population into 10 strata and gathered data from each. N= 5,910  We concluded that our desired sample size needed to be about 100 people. n= 100  We developed our random number range (k)by the following calculations: N/n = k 5,910/100 = 59 (rounded)  Then a random number was selected from the Random Number table (row 4 column 21) p=16 (p is a random number between 0-59)  Using the systematic method we gathered our data from the community, each gathering 20 pieces total and then compiled it all together to equal the 100 pieces of data.

4 Data

5 Variable Graphs

6 Scatterplot with Line of Regression

7 Difficulties & Constraints  Population Size  Surveying

8 Is There a Correlation between Annual Income and Age?  Histograms  Boxplot  Scatterplot  R Value There is very little correlation between annual income and age

9 Is There a Correlation between Annual Income and Age?  There is very little correlation between annual income and age

10 Is There a Correlation between Annual Income and Age?  Histograms  Boxplots  Scatterplots  R Value annual income and age


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